How the US broke Purplebricks: Former employees sound off

Purplebricks announced on Wednesday, it was shuttering it’s U.S. operations. The flat-fee brokerage was only live in the U.S. for less than two years, but still, it’s departure doesn’t come as a surprise to many former employees. Continue reading

RE/MAX co-founder buys more than $3M of company stock

RE/MAX revealed Wednesday that co-founder and former CEO Dave Liniger has just purchased 122,911 shares in the company. Continue reading

Is Purplebricks on the verge of being taken over?

Berlin-based Axel Springer publishes a number of European newspapers and also owns U.S.-based website Business Insider and its offshoots. The company previously invested $177 million in Purplebricks, which was used to fund the brokerage’s expansion bey… Continue reading

Reali raises $9M in funding round

Flat-fee brokerage Reali announced it has raised $9 million in its latest funding round, adding to the tens of millions of dollars the company has previously pulled in from investors. Continue reading

Real estate’s big threat, according to a Coldwell Banker NRT exec

As the regional executive vice president of the eastern seaboard and midwest regions at Coldwell Banker NRT, Sue Yannaccone oversees 239 Coldwell Banker offices. Continue reading

Purplebricks in turmoil: shares plummet, CEOs out

The stock price drop Thursday came as Purplebricks announced that both Lee Wainwright and Eric Eckardt, the U.K. and U.S. CEOs, respectively, were leaving the company. In a statement, Purplebricks said that Wainwright was leaving for “personal reasons…. Continue reading

Discount brokerage Trelora promotes Brady Miller to CEO

Miller, the new CEO, has been at Trelora since August. He previously served as the CFO of Leeds West Group, which owns and manages automotive repair businesses.  Continue reading

The Agency CEO dismisses Purplebricks agents as ‘plumbers’

Mauricio Umansky, the outspoken chief executive of The Agency in Beverly Hills, taunted the US CEO of Purplebricks during an Inman Connect panel Tuesday. Continue reading

Utah-based flat-fee brokerage Homie wants to raise $10M

The U.S. Securities and Exchange Commission documents indicate that Homie has already raised about $2.3 million out of its new $10 million offering. The documents were filed on Jan. 15 and indicate that Homie expects the new fundraising round to last l… Continue reading