Southern California-based CataList Homes, a seller-focused residential real estate brokerage firm, has secured $3 million in investor funding, according to a VentureWire news report.

The Series C financing is led by new investor Presidio Merchant Partners LLC, of San Francisco.

Catalist Homes charges home sellers a 3 percent sales commission for full-service representation, marketing and MLS exposure, including a 1.5 percent buyer-side co-op commission split. Its agents are compensated with a combination of salary and commission.

The company is led by a think tank of commercial realty giants who’ve watched technology facilitate the growth of sophisticated buyer databases that by 1999, contained the names of all buyers most likely to purchase multimillion-dollar commercial properties. The company believes Internet-accessible MLS listings will similarly impact residential buyer’s agent commissions.

Investors of Catalist Homes include Bill Millichap of Marcus & Millishap’ and Chris Brahm of Bainlab, a wholly owned subsidiary of international management consulting firm Bain & Co.

***

Send tips or a Letter to the Editor to jessica@inman.com or call (510) 658-9252, ext. 133.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription