Purplebricks is a 'cautionary tale' for all tech disruptors: DelPrete
UK-based Purplebricks remains one of the best examples in the world of a real estate disruptor going from zero to one, according to Mike DelPrete. Here's what we can learn from its journey
by Mike DelPrete Feb 2
Is flat fee the future of real estate? Here’s what to know
As home prices have risen, driven by supply shortages and increased demand, many real estate industry experts have started considering whether the existing commission compensation model is still working
by Nicholas Acosta Jun 3
Reali expands into San Diego, buys local brokerage TXR Homes
Reali picked up San Diego's TXR Homes just months after it announced a new funding round that netted the company $250M, it was announced Wednesday.
by Jim Dalrymple II Jan 12
Clever Real Estate raises $8M in Series B, eyes mortgages
The discount paper brokerage says it reached profitability in the third quarter and is on track to sell more than 6,000 homes this year
Fathom Realty's IPO filing reveals increased revenue, widening losses
The flat-fee, virtual brokerage posted a net loss of more than $2.6M in the first nine months of 2019
by Patrick Kearns Jan 24
Business model wars: How will consumers choose?
From my vantage point, agents from the full-service and agent-centered brokerages represent most of sellers and buyers today, with the discount brokerage and iBuyer model offering a service to a small sector of the market
by Scott Friestad Aug 28
Purplebricks with shattered windows
The embattled brokerage notified authorities it will eliminate 55 employees and 68 independent sales agents
by Patrick Kearns Jul 29
Why discount brokerages do a disservice to sellers
These 'savings' are depriving homesellers of the very thing they are paying us for: exposure and buyers
by Spyro Kemble Jun 21
No agent, no problem? Redefy launches DIY flat-fee listing platform
For $379, sellers can get listings with 10 photos in the MLS, Zillow and realtor.com as well as a yard sign, contracts, addendums and disclosures — all without an agent
by Patrick Kearns Jun 17
Purplebricks is leaving Australia. Is the US next?
The UK-based flat-fee brokerage announced it's reviewing its US business after shuttering operations in Australia
by Patrick Kearns May 7
Purplebricks logo for header
The UK-based discount brokerage will offer variable fees, and sellers will no longer pay upfront
by Patrick Kearns Jan 21
Trelora founder resigns as CEO
Joshua Hunt, who founded Trelora 7 years ago, says he will remain involved with the discount real estate brokerage
by Patrick Kearns Dec 11
Purplebricks launches in the Sunshine State with 2 locations
Aaron Drucker, formerly of Redfin, will lead operations as the flat-fee brokerage launches in Orlando and Tampa Bay
by Patrick Kearns Sep 25
Purplebricks raises its fee in Australia, but has 'no plans' for a US hike
A spokesperson for the discount brokerage says that when appropriate, it may adjust pricing to maintain a competitive edge
by Patrick Kearns Sep 18
Cyborg realtor homes AI code
The California tech-enabled brokerage is launching PricePredictor to give consumers a percentage estimate of how strong any given bid is
by Patrick Kearns Sep 18