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.
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4 Comment(s)
2 Trackback(s)
- From Real estate agent, Real estate agency | Sep 22, 2006
- From Seattle Real Estate News | Sep 25, 2006
Robbie | Sep 21, 2006 | Reply
Wouldn’t you know it, this company is also based in Seattle. It should be interesting to see how this company does in the marketplace.
Beau | Sep 21, 2006 | Reply
This was the same company that the Washington State Department of Licensing asked to shut it’s doors last year because the State contended they needed to be a licensed real estate corporation because they were acting as a broker by procuring leads. Looks like someone passed their exam at Rockwell.
http://seattlepi.nwsource.com/business/252172_realestate15.html?source=mypi
Joel Burslem | Sep 21, 2006 | Reply
Nice find Beau!
Looks like these guys are back in business. For how long though?
Todd | Sep 23, 2006 | Reply
Alright, maybe I’m cynical, but words have meaning. To call a flat fee broker a discount broker only soldifies the myth in real estate that there is a standard price or cost for real estate professionals’ services.
Last time I checked, that was called collusion or price fixing in the real estate industry. And that’s been highly frowned upon by the feds.
/cranky
//yells at kids, “Get off my lawn!”