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Realius: Let the real estate games begin

Tech startup offers venue for agents, consumers to meet

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Chuck Teller bought a home in the San Francisco Bay Area community of Berkeley during the days when the list price was more like a low starting bid at an auction. He knew that the home would sell for far more than its posted price, and his real estate agent offered this guidance: "You've just got to look deep inside and tell me what you want (to offer)," he said. After this gut check, Teller bid far over the list price and ultimately won out over dozens of others who also submitted offers on the same house. Now, Teller is co-founder and CEO for Realius, a fantasy online real estate game company that he believes could have assisted him in establishing a value for the home he bought. Realius taps the wisdom of crowds, consumers' passion for homes, and the phenomenal popularity of online games and fantasy sports, and Teller has a vision to make the business of real estate more fun. In the process, he's hoping to educate consumers and industry professionals alike about the value of propert...