BrokerageIndustry News

Estately on track to double coverage area

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Seattle-based online real estate brokerage and referral site Estately Inc. says it will more than double the number of major markets in which it operates this year.By year's end, the 6-year-old company will have added 14 major metros in Texas, Florida, North Carolina, Pennsylvania and Michigan to the 12 it started the year with, said Galen Ward, Estately's CEO and co-founder.The firm, which operates as a brokerage and sources its roughly 700,000 listings from multiple listing services, is also on track to add 230 new partner agents this year, representing a 70 percent growth in 2012, Ward said."We're on a growth tear," Ward said.Currently, Estately is a member of 29 MLSs and operates in 22 markets, including most of the nation's largest like New York City, Los Angeles, Chicago, Dallas, San Francisco and Washington, D.C.The brokerage currently partners with 446 real estate agents who pay Estately a 30 percent commission fee for buyer and seller deals closed from ...