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by CareyBot

Technology-based brokerage ZipRealty Inc. says it's closer to its goal of achieving positive cash flow, trimming third-quarter losses to under $1 million even as revenue fell 18 percent from a year ago.Net revenue for July, August and September totaled $23.3 million as ZipRealty agents tallied 3,706 transaction sides, down 27 percent from a year ago. But average net transaction revenue per closing grew by nearly 12 percent from a year ago, to $5,943, the company said in announcing third-quarter results. The Emeryville, Calif.-based company began the year by closing offices in 12 of 35 markets with the goal of slashing $20 million in operating costs, and has since eliminated buyer rebates and expanded a "Powered by Zip" referral program in which the company generates leads for oth...