Industry News

Asante Real Estate launches,

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Asante Real Estate Group of Los Gatos, Calif., has announced a discount listing program that offers full-service real estate representation for a 1 percent commission, with up to 3 percent commission paid to the cooperating buyer's broker. Also, the company announced the launch of a Web site,, that allows home buyers to bid online to purchase any home in the San Francisco Bay Area. If their bid is successful, Asante will reward buyers with a refund of two-thirds of the buyer's agent's commission, according to the report. "For a $1 million home, the buyer would receive up to $20,000 back upon close of escrow." The online bid program includes full service and support to buyers – "everything from writing the real estate offer through the close of escrow, plus post-sale support. Buyers may use the savings to offset closing costs, reduce the purchase price of the home, increase the offering price to improve their chance of getting a home, or receive cash at close of ...