Industry News

Online buyer’s agent company grows

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Online real estate buyer's service BuySide Realty has expanded its East Coast footprint to Virginia, the company said today, marking the fifth state for the company that launched three months ago. Joseph and Avi Fox, brothers who paved the way for online stock brokerages in the late 1990s, in April started BuySide Realty, which gives home buyers access to property listings, licensed real estate agents and technology used to make and manage offers via the Internet, among other things. The company gives back 75 percent of the buyer's agent commission to buyers who close on a home using the BuySide service. In addition to Virginia, the company offers buy-side services in Georgia, California, Florida and Illinois. The company is licensed in 28 states and has plans to operate in 90 percent of the United States in 2007. BuySide said its national MLS listing database exceeds 500,000 homes....