Real Estate Agents Boycott Discount Brokers?

Redfin better watch out…I found this interesting release over the news wire this afternoon and they’re singled out. Progressive Homesellers is offering a new approach to dealing with a perceived ‘boycott of discount brokers’.

Real Estate Agents Boycott Discount Brokers

So how does it work?

Progressive Homesellers’ customers list their homes for a flat fee of $3,995 with an experienced Realtor at a brand-name brokerage, such as Coldwell Banker, Prudential, RE/MAX or Century 21.

I’m not sure how the Realtor’s brokers will feel about them participating in this program. Here’s another choice quote:

Our service delivers the best of both worlds. It’s like flying first class for the price of coach.

Sounds a little sketchy to me.