BrokerageIndustry News

Spy some real estate savings: spyRealty

Discount broker refunds portion of commission
Published on Jan 19, 2012

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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.

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