Hacker Connect January 16 in New York
An event for and by the real estate tech community

(Part five of a five-part series. See parts 1, 2, 3 and 4.) Can a 2 percent commission model effectively compete against the traditional 6 percent model? Traditional brokerage in the Northeast is facing a new competitor that may very well reshape how real estate is conducted nationwide. If 4 percent commissions don't pencil using the traditional model, how can a 2 percent commission be profitable? Over the last three years, the folks at Foxtons have created a 2 percent model that is creating havoc for traditional 6 percent companies. Unlike other companies who cut services when they reduce commission, Foxtons is a "full service" company that provides excellent service, consistent lead follow-up, and extremely aggressive marketing for only a two percent commission. As agents, many of u...