Startup launches referral-based real estate search platform

Real Estate Tech Company Profile: Agent Boomerang

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Real estate technology startup Agent Boomerang has rolled out its property search platform in beta, the startup announced today.

The startup launched in its first test market, Tampa Bay, Fla., today and plans to expand to the rest of Florida by the end of the year and to other states beyond. Agent Boomerang is a referral-based company that refers prequalified buyers to agents and charges agents a 25 percent fee when a transaction closes. The company then rebates 60 percent of that fee to the homebuyer in the form of a check, not a purchase credit, the company said.