Joshua Hunt, the founder of the flat-fee Denver-based brokerage Trelora, has announced he is resigning from his role as CEO of the company, effective yesterday. Hunt says he plans to remain involved in a guiding role with the company he founded seven years ago.
“I have always known that, at some point, I may not be the best person to run the company, and the time has come to find a leader who can maximize and unlock Trelora’s true potential,” Hunt said in a statement.
Trelora initially launched in Denver and in February of this year expanded to Seattle. The brokerage offers a flat-fee for sellers – $500 up front to use the brokerage, then another $2,500 when the sale closes in Denver and $4,000 altogether in Seattle – and recently drew the ire of many in the industry by encouraging buyers to ditch agents and work directly with the company.
“With our Seattle office off to a great start, and Denver office growing fast, we’ve saved consumers almost $50 million in commissions, and we have a fantastic leadership team,” Hunt said. “So, I know the timing is right.”
The search for a new CEO will begin immediately and Hunt will be involved in the process, Inman has learned. In the interim, Brady Miller, the company’s chief financial officer will serve as CEO while the company finds a successor.