Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A new discount-brokerage firm, spyRealty, has launched in New York and Massachusetts, offering homebuyers a 2 percent refund off of the purchase price of a home. Ben Chudnovskiy, managing partner of spyRealty, which currently has seven agents, was not a spy in his former life (at least, he's not saying so if he was) -- he's just a normal, New York guy and Massachusetts-licensed real estate broker -- but he's looking to follow large online broker Redfin's model, which originated as a discount real estate service for tech-savvy homebuyers. And competition is enormous, said Chudnovskiy, which prompted the idea in the first place. "With 45,000 licensed real estate agents in Massachusetts, I thought, 'How can we compete?' One way is to be first." While spyRealty isn't the first broke...