BrokerageIndustry News

ZipRealty sees 42% surge in sales

Brokerage aims to grow market share in 2009
Published on Mar 13, 2009

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by CareyBot

ZipRealty Inc. posted a $13.3 million loss in 2008, even as agents handled more closings and the company achieved a tenth consecutive year of revenue growth.

The Emeryville, Calif.-based brokerage reported that agents handled 17,156 transactions -- a 23 percent increase from 2007. But net revenue per transaction fell 15 percent, to $6,145, limiting net revenue to growth to a more modest 3.5 percent.

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