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Flat-fee real estate agency Purplebricks plans expansion to New York

New Jersey and Connecticut, is “particularly well suited” for what the company has to offer. The company claims that real estate commissions can reach as high as 7% in the New York area, and with an average home sales price of approximately $560,000 ...

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Purplebricks is “currently recruiting” licensed real estate professionals in the New York area to serve as the company’s local real estate experts. “It is a sign of confidence in the potential of the U.Sbusiness that we are today announcing our expansion to cover both the East and West coasts, with our planned entry into the New York market,” Michael Bruce, founder and group CEO of Purplebricks, said. “With higher than average rates of commission and transaction volumes, New York was the natural first move on the East Coast for PurplebricksOur local team have an in-depth understanding of the U.Smarket and considerable experience of New York specifically,” Bruce added“While early, we are encouraged by the exceptional quality of the LREEs that we are able to recruit, which reinforces our belief that we will deliver a better service for our customers while saving them thousands of dollars and delivering attractive returns for our shareholders as the business grows.” VIDEO FROM HOUSINGWIRE & OUR PARTNERSwindow.jwplayer = undefined; window._define = window.define; window.define = undefined;jwplayer.key = 'KGAOiHCD';window.define = window._define; Reprints // // Related Articles After finding success in U.K., flat-fee real estate agency Purplebricks debuts in U.S. New York launches undercover program to expose discrimination in real estate New York launches task force to investigate deceptive lending, real estate crimes Ben Lane is the Senior Financial Reporter for HousingWireIn this role, he helps set a leading pace for news coverage spanning the issues driving the U.Shousing economyPreviously, he worked for TownSquareBuzz, a hyper-local news serviceHe is a graduate of University of North TexasFollow Ben on Twitter at @BenLaneHW. 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