Why eXp’s top tech exec joined flat-fee rival Redefy

Scott Petronis, the newly appointed chief product and technology officer at discount brokerage Redefy, believes the consumer is getting overshadowed in the real estate industry. Finding a company that he believes has a greater focus on the consumer is …

Redfin expands in the Midwest, launches in Des Moines and Lincoln

In the two new markets, Redfin agents — who are employees, not independent contractors — will sell homes for a 1.5 percent listing fee versus the industry standard 3 percent. However, 1.5 percent is still higher than the 1 percent listing fee Redfin offers in many other regions of the country. 

Is there a ‘Clever’ solution to the confrontation over commissions?

The Moehrl class action lawsuit focuses on a complaint that states the 6 percent commission is too high and that clients should have a say in the commission split — and agents aren’t too happy about it. Flat-fee discount brokerage Clever Real Estate is trying to meet everyone in the middle.

Real estate’s big threat, according to a Coldwell Banker NRT exec

As the regional executive vice president of the eastern seaboard and midwest regions at Coldwell Banker NRT, Sue Yannaccone oversees 239 Coldwell Banker offices.

Open Listings in Dallas gets folded into the Opendoor brand

Open Listings will cease using its own branding in Dallas this month and carry on under the banner of Opendoor, which became its parent company last fall.

Is OwnersRE.com the agent-less answer for commission-phobic home sellers?

OwnersRE.com charges homeowners $250 to market and manage the sale of their home.

Is OwnersRE.com the agent-free answer for commission-phobic sellers?

Formally launched this month after a three-month soft release, the company charges owners $250 for use of the platform, which includes a website and productivity dashboard for the home.

What is Redfin up to in Washington, D.C.?

Inman visited Redfin’s Washington, D.C., office recently to take a closer look at how Redfin is changing the local market and analyze the brokerage’s influence in the capital city.

Purplebricks launches in the Sunshine State with 2 locations

Purplebricks is bringing its flat-fee model to the Sunshine State. The U.K.-founded real estate brokerage — which charges sellers a $3,600 fee per listing — officially launched Tuesday in Orlando and Tampa, as the company celebrates one year of operating in the United States.

How to elevate your luxury brand by being a ‘concierge agent’

The term “concierge agent” might be new to some, but it’s what those of us who care, who are available and who are present have always been. We are all-hands-on-deck Realtors who are always available to our clients. Here’s how you can become one too.