Build Your Own Brokerage
Issue 41 - July 16th, 2021
I hope you got a chance to read my newsletter last week announcing our exciting news at Archetape, but if you didn’t then please click this link to read the article: Yahoo! Finance: Cloud-Based Real Estate Brokerage Archetape Acquires Pinnacle Realty Advisors and Broker Breakup.
Today, I want to share more product information about Broker Breakup.
What is Broker Breakup?
Broker Breakup is a “build your own brokerage” product that empowers any residential or commercial agent to launch their own brokerage company in Texas (and more states coming soon). Broker Breakup also provides innovative product solutions for proptech companies on this platform.
Our Broker Breakup platform makes the process incredibly easy for any individual to launch a brokerage company of their own. We have developed a system and platform that streamlines the entire process where we focus on the boring stuff that agents don’t want to mess with and you focus on the fun parts of starting a company such as branding, marketing, recruiting agents, and building a financial future for yourself without a legacy brokerage firm telling you how to run your business.
Design your own signs
Design your own website
Determine team member commission splits and financial models
Lease your own office space or run an entirely remote company
Hire your own agents
Make every decision that goes into running your business how you have always wished AND make more money
Who uses Broker Breakup?
Residential agents and teams who want to build a company of their own with total control over everything from branding to financial structure for their agents
Commercial real estate brokers who want to launch a company of their own
Property management firms who need a brokerage entity
Proptech companies who need MLS data or other information to improve technology products
Investor sponsors who wish to have a brokerage entity to collect commissions on property purchases
Many other use cases for this product - if you have a thought that you may need our services then please just ask!
Please reach out to us to ask for more information by visiting this link: Broker Breakup
Resources
Newsworthy Links To Share
Warning to the Real-Estate Cartel: The Justice Department backed out last week of a proposed settlement with the National Association of Realtors to take a fresh look at the notoriously high commissions consumers pay real-estate agents. The move sent shock waves through the housing industry. The government occasionally brings an antitrust case and later decides to dismiss it. But never have federal antitrust authorities agreed to a proposed settlement only to back out after receiving public comment. The real-estate lobby called the move “an unprecedented breach.” But there’s a much larger concern for legacy brokers than the novelty of the about-face. The signal from Washington is that antitrust enforcers are prepared to dismantle the collusive practices that burden U.S. homeowners with brokerage costs two to three times as high as in the rest of the developed world. (WSJ)
Bathroom renovation company Made Renovation announces $23 million Series A funding round. The company offers full stack bathroom renovations, including design, acquiring the right material, and the actual construction. The way it operates is the customer tells them what they are looking for, Made Renovation offer several design options, the customer picks one, and the company orders the materials and starts with the construction with the help of its roughly 100 local building partners. (Forbes)
Is the market cooling finally? Data from Seattle-based Redfin shows that the number of newly listed homes for sale surpassed 2019 levels during the same month before July 4th. That's the first time this year that's happened. And as more homes come on the market, demand is beginning to slip.
Engel & Völkers lists Netflix-featured private island for $1.9M: Welcome to 1 Old House Cay! Your private island & retreat awaits. 10 minutes away from Hilton Head by boat. Over 130K in rentals for 2020 and approaching 200K for 2021. As seen on Netflix World's Most Amazing Vacation Rentals! Also featured on Travel & Leisure as 1 of 5 private island available to rent in the world! This 3BR/2.5BA home offers the most breathtaking sunrise & sunsets. Totaling 3 acres & accessible by your private dock. Ahead of its time, the island is powered by solar energy featuring a backup generator. One of a kind, 3 story observation tower embracing the wildlife and stairs to private beach! Take a virtual tour of the home by clicking here! (Engel and Volkers)
Inside Austin’s Wild Real-Estate Market: Homes going $850,000 above asking and 96 offers in one weekend. In Austin, Texas — where the average summer day peaks at more than 90 degrees — air conditioning seems … important. It’s widely credited for making Texas habitable, and one reason why the state’s population has grown in every single Census since it was admitted to the union. And yet, when an AC-free home in quickly gentrifying East Austin hit the market earlier this year, it sold within four days — for an almost-unheard-of $850,000 above the listing price. Read more by clicking ——> (Curbed)
A 146,000-square-foot Bay Area warehouse is attempting to create something that US real-estate executives say doesn’t exist in their industry today. ROX Financial LP seeks to use an initial public offering to create a real estate investment trust to acquire a Bay Area warehouse leased to Amazon. According to a June securities filing, it hopes to grow and own a collection of warehouses to serve the Seattle-based online giant. It is offering 8,250,000 shares at $10 a share. (CRE Daily)