Real Estate: Agent's Share

BuySideRealty.com, which has launched in California, Illinois and Florida and expects to be nationwide by early 2008, returns 3/4th of the buyer's agent's share to clients.
Seattle, Washington based Redfin.com, which is also expanding to California this year, rebates 2/3rd of its commissions. [Late editing: Immediately after our initial posting today, one anonymous reader left a comment (see the comment link below) pointing out that one can now buy or sell a home through Redfin anywhere in Washington or California ... they also have an active Web presence in the San Francisco Bay Area in addition to Seattle. Thanks to him/her for this information.]
RebateReps.com gives back 1% of the home's selling price (about 1/3rd the commission) to buyers.
They are mainly taking advantage of the growing trend among potential buyers to use internet in making a choice, thus allowing buyers to do much of their work and in that process giving them back a portion of the traditionally fat commission. These agents are thus getting more transactions in their hands than what the traditional brokers are having.
Labels: Real Estate
1 Comments:
Actually, you can buy or sell a home through Redfin anywhere in Washington or California ... they also have an active Web presence in the San Francisco Bay Area in addition to Seattle.
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