Open Listings raises $6.5M, plans for expansion

Open Listings — an online startup that offers on-demand showings, minimized agent interaction and 50 percent commission refunds to buyers in California and Washington — has raised $6.5M in Series A funding led by Matrix Partners. Initialized Capital and Arena ventures also participated as new investors in this round. This brings their total funding to $ …

Referrals from non-real estate agents can be tricky — or even illegal

Open Listings, an Internet-based brokerage that helps homebuyers “shop without an agent” in Los Angeles and San Francisco, was recently offering to pay $500 to anyone referring a client who then bought a home with the brokerage. The company has since c…

Startup lets you ‘shop without an agent’ … but there’s a twist

What, another real estate tech startup promising to help consumers buy homes without real estate agents? That’s what Open Listings’ branding might lead you to believe at first glance. Upon closer inspection, the company looks an awful lot like a discount brokerage — albeit a high-tech …