U.K.-based Purplebricks remains one of the best examples in the world of a real estate disruptor going from zero to one, according to Mike DelPrete. Here’s what we can learn from its journey.
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As home prices have risen, driven by supply shortages and increased demand, many real estate industry experts have started considering whether the existing commission compensation model is still working. Continue reading
The discount paper brokerage says it reached profitability in the third quarter and is on track to sell more than 6,000 homes this year. Continue reading
The flat-fee, virtual brokerage posted a net loss of more than $2.6 million in the first nine months of 2019. Continue reading
Homebuyers and sellers have a plethora of options when it comes to buying and selling homes. There are more business models in the U.S. brokerage business than ever before. What do they care about most? Continue reading
The embattled real estate brokerage notified authorities in California it will eliminate 55 employees and 68 independent sales agents. Continue reading
How are discount or flat-fee services a good option for sellers? They aren’t. Here’s why these “savings” are depleting sellers of proper exposure and the best pool of buyers at every angle. Continue reading
Flat-fee real estate brokerage Redefy wants to make it easier for homesellers to list their home without the help of a real estate agent. Continue reading
Purplebricks announced Tuesday it’s shuttering its operations in Australia two-and-a-half years after launching, adding that it’s conducting a review of operations in the United States. Continue reading
Flat-fee brokerage Purplebricks is changing its business model significantly in the United States to offer varying listing fees to homesellers by region, which it will now only charge if and when a home is successfully sold. It’s a pivot that brings Pu… Continue reading