Articles Tagged with ''Real estate''

Former RE/MAX CEO David Liniger violated company policies by loaning millions to successor

Investigation also finds that Liniger was not compliant with work conduct policies
An internal investigation found that David Liniger, the founder and former CEO of RE/MAX, violated company policies by loaning millions of dollars to his eventual successor. Liniger and Contos confirmed the existence of a $2.375 million loan that Liniger provided to Adam Contos, who then used the money to purchase a residence at a below market interest rate.
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Flat-fee real estate company Home Bay expands to Texas

Now available in five states
In July, Home Bay, a San Diego-based startup that offers real estate services for a flat fee, announced that it raised $5 million to fund its expansion beyond California. Since then, Home Bay has expanded to Florida, Illinois, and Georgia. And now, Home Bay is available in Texas as well.
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Crowdfunding lending platform Groundfloor turns to crowdfunding to raise money, for itself

Aims to raise $7 million by inviting public to buy shares in company
Groundfloor, a real estate lending platform that raises its loan funds via crowdfunding from the public, is turning to crowdfunding to raise money for something else – itself. But, the company is not going the Initial Public Offering route via the New York Stock Exchange or Nasdaq. Rather, Groundfloor is launching an online public offering, in which it’s seeking to raise more than $7 million from the public.
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Real estate technology company Homesnap secures $14 million in funding

Money will be used to boost offerings for real estate agents
Homesnap, a real estate technology company that provides a mobile productivity app and marketing platform for real estate brokers, agents and clients, announced this week that it plans to grow its offerings thanks to $14 million in new funding. The new investment brings the total capital raised by Homesnap to more than $32 million.
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Redfin now offering 1% listing fee in San Francisco

Follows nationwide expansion of lower listing fees
Back in October, Redfin, the online real estate brokerage, lowered its listing fees in many of the markets where it operates, bringing 1% listing fees to markets like Los Angeles, Boston, and New York. One of the markets excluded from the lower listing fees was San Francisco, until now.
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Flat-fee real estate agency Purplebricks plans expansion to New York

U.K. company first launched in U.S. in September 2017
Last year, flat-fee real estate agency Purplebricks expanded into the U.S. after building a successful business in the United Kingdom and Australia. Purplebricks’ first foray into the U.S. was Los Angeles. Now, the company is plotting the next phase of its U.S. expansion and is looking to the opposite coast.
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loanDepot unveils ambitions to expand beyond lending into entire real estate transaction

Wants to connect approved homebuyers with real estate agents
loanDepot is already one of the nation’s largest mortgage lenders, but now, the company wants to become a much larger part of the home buying process. On Tuesday, loanDepot unveiled an ambitious new plan that will see the lender expand beyond simply lending a borrower the money to buy a home into facilitating the entire real estate transaction.
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Fast-growing local marketplace app letgo expands into real estate listings

App now allows sale and rental listings
If you’ve been anywhere near a TV in the last year or so, you’ve probably seen a commercial for letgo, an app that connects sellers to buyers and vice versa. Up to this point, letgo built it fast-growing business on things like electronics, collectibles, clothing, furniture, cars and more. But now, letgo is getting into housing.
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