Low-fee brokerage REX set to expand into 4 new metro markets

REX, a well-funded brokerage out to bypass the MLS, announced on Wednesday expansions into the Boston, Chicago, Phoenix and Washington, D.C., metro areas.

Realogy’s big bet for 2019

Realogy CEO Ryan Schneider spoke with Inman in a wide-ranging conversation in which he reflected on his first year at the real estate holding company and why he’s heavily investing in agents.

What’s a great lead worth? Ideal Agent puts that question to the test

Ideal Agent advertises to homesellers that they can save money on their home sale and work with only the top local agents. To listing agents, it promises ready-to-go leads. Here’s how it works.

Redfin expands 1% listing fee to 18 new markets

Half a percent might not seem like much, but Redfin has gotten a lot of mileage out of snipping that from its 1.5 percent list-side commission in some markets. Now the high-tech brokerage, which went public at the end of July, has rolled out this lower…

Is the rise of discount grocer Aldi a warning sign for real estate?

In the wealthy suburb of Carmel, Indiana, upscale, full-service grocery stores are being built at breakneck speeds. The newly opened Kroger offers $80 cakes, gobs of organic produce and aisles of gluten-free products. Live music is performed from the balcony of the café. This all seems to bode well for the real estate industry. And yet another type of grocery store is vying — and earning — grocery shopper market share. …

Redefy, a high-tech discount brokerage, made the Inc. 500 list like this

For every startup brokerage touting innovative technology and low rates that announces it’s taking its market by storm, there are dozens of failed attempts showcasing the challenges to such a feat. Many of those brokerages never find their footing, stall or sputter out, dreams of market dominance forgotten …

Most sellers get commission discounts: Redfin

There’s a widespread perception that real estate agents tend to charge uniform rates, with the typical commission generally thought to hover between 5 percent and 6 percent, depending on the market. But a new study commissioned by Redfin suggests agent…

Why ‘hybrid brokerage’ isn’t really accurate

A hybrid is formed from two or more different elements. Although a hybrid is different, being different doesn’t make something a hybrid, as is the case with hybrid brokerages. In real estate, the term “hybrid” has become synonymous with brokerages usin…

Opinion: How to be a totally fearless real estate agent

It seems we as an industry are constantly inviting new variations of discount brokerages into our arena. I remember how bothered I used to get when the newest brokerage of this kind would show up in my market …

Startup faces uphill battle showing benefits of fee-for-service offer

You can buy a pool with the $11,030 you’ll save by paying real estate agent fees of $970 and receiving a rebate of $12,000, according to SoloPro’s new online rebate calculator that shows the trade-off of using a “menu of service” option when buying a h…