Powerball Jackpot: Powering Real Estate?
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I am Joshua Hunt. My company, TRELORA, has created the first home search site that lets buyers see the commissions being offered to their real estate agents. Now, the local MLS is trying to stop us. -- Ask Me Anything!Wed, 11 Feb 2015 21:32:41 +0000
My company, TRELORA, is a full-service, commission-free real estate brokerage.
Our mission is to make the home buying and selling process more transparent by allowing buyers and sellers to see exactly how much money is being allocated to agent commissions on each listing. We launched www.search.trelora.com this week and, within hours, received a cease and desist letter from the local MLS, REColorado. They are stating that the commission being offered by the seller to pay the buyer’s agent is “content developed by others” and therefore should not be visible to the buyer. We believe, because a buyer’s check at the closing table actually pays for everything (including commissions), that all buyers deserve to know where their money is really going.
I would love to answer your questions about transparency in real estate transactions, broker commissions, or a commission-free brokerage model.
I’ll begin answering questions at 7 PM Eastern, and continue for about an hour!
EDIT: Thanks for all your questions, this has been a lot of fun! If you have other questions, we are easy to find and you can call the office at any time!
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