BrokerageIndustry News

Growth helps ZipRealty trim losses

Brokerage adds 551 agents, boosts sales
Published on Nov 6, 2008

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by CareyBot

ZipRealty Inc. managed to trim third quarter losses to $1.7 million as the company added 551 agents and took advantage of continued turnover of foreclosed properties to achieve double digit growth in sales and revenue from a year ago.

The Emeryville, Calif.-based brokerage said it employed 2,814 agents at the end of September -- up 24 percent from a year ago -- and that transactions were up 31 percent from a year ago, to 5,019.