Real Estate In the Web Re-Opens

Tuesday, January 31 2006 @ 04:55 pm UTC

Contributed by: jron

Last year, Progressive Homesellers, Inc., was ordered to close their doors on the last quarter of last year by the Washington Department of licensing, is reportedly will reopened for business after they received their license.

Although it's been reported that they don't sell homes rather they only connect buyers to sellers with ties in with the real estate agents and other firms. Still the state governed that they act as a broker and was asked to be closed last year. The decision was ignited because mainly of complaints by traditional brokers, after which Progressive advertised full service listing representation for a $2,500 fee instead of a normal 6% commission, the decision was later passed and Progressive closes.

Progressive Homesellers CEO Jeremy Stamper said with excitement that "We're back and we're ready to save homesellers millions of dollars in real estate commissions in 2006" and quickly added "Once consumers realize they can have an experienced, pre-screened Realtor at a brand name brokerage sell their home for just $2,500, the 6% commission will be a thing of the past." The company's reappearance to the market would really help investors well.

Sources says that the charge of $2,500 will cover full representation from top agents with ties with top companies like Windermere, Coldwell Banker and John L. Scott. Other requirement for Progressive affiliated agent must be at least 5 years active in the real estate market and at least in the 5% of agents state-wide sales by volume. For good connection to the investors.

By: Dijon Wainwright