Technology

Brokerage says tech platform lets it offer big commission discounts

'Online full-service' brokerage LevelRE says it's licensed in 30 states

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Todd Siegel, a real estate agent who claims to have 14,000 transactions under his belt, says selling a home is a lot easier than it used to be. “A lot of agents put your house on the MLS, and they just wait for the phone to ring,” Siegel said. “Should someone pay 6 percent for that? We don’t think so.” Siegel has teamed up with a few tech vets to launch LevelRE, an “online full-service” brokerage that promises to save consumers thousands of dollars with the help of a proprietary platform that lets agents, buyers and sellers manage much of a property transaction from beginning to end. The brokerage, which claims to be "leading the real estate revolution," furnishes its agents with free marketing, leads, office space and other services, and pays them through a mix of salary and commission. Sound familiar? Sure, trailblazer Redfin and other tech-focused brokerages that have followed in its footsteps, like Urban Compass and Suitey, hawk similar value...