FSBO platform Homie gets broker license after investigation

  • Regulatory scrutiny and industry backlash can pressure hard-charging real estate startups to adjust their business models.

A Utah FSBO platform that has roiled local Realtors has reportedly acquired a broker license, in part due to an investigation by the Utah Division of Real Estate. Real estate startup Homie, which recently closed a $4.5 million funding round, uses proprietary technology and attorneys to serve sellers and homebuyers. Investigators with the Utah Division of Real Estate questioned a number of Homie clients about the startup.