Online Real Estate Firm Announces 100% Commission Rebates

Mar 28, 2006, 00:00 ET from Progressive Homesellers

    SEATTLE, March 28 /PRNewswire/ -- Seattle-based Progressive Homesellers
 has launched a new program in which home buyers can pay $2,500 upfront to be
 represented by a realtor who rebates their entire commission at closing.
 Because the buyer's agent commission is usually 3% of the purchase price, the
 buyer of a typical $400,000 Seattle area home would be rebated $12,000 at
     Progressive Affiliated Realtors do not show houses.  Instead, buyers are
 advised to view homes themselves by attending open houses or scheduling an
 appointment with the agent representing the seller.  The Progressive
 Affiliated Realtor handles every aspect of the transaction including drawing
 up, presenting and negotiating the purchase contract as well as coordinating
 with lenders, title companies and escrow.
     "There's no reason that an agent selling a million dollar house should
 receive five times the commission of one selling a $200,000 house," said
 Progressive Homesellers CEO Jeremy Stamper.  "Percentage based commissions
 don't make sense and consumers deserve an alternative."  Stamper explained
 that Progressive Homesellers' program differs from other rebate programs at
 companies like Zip Realty and Redfin because these services are percentage
 based.  "These companies give buyers a percentage of the commission back, but
 it's still a percentage rebate, and individuals buying more expensive homes
 are still penalized."
     Progressive Affiliated Realtors are experienced agents at full service,
 brand name brokerages like John L. Scott, Century 21 and Prudential.  Each has
 at least five years of experience actively selling real estate.
     About Progressive Homesellers
     Progressive Homesellers is a licensed real estate corporation based in
 Seattle, Washington that provides homebuyers and sellers with agents at brand
 name brokerages like John L. Scott, Century 21 and Prudential for a flat
 $2,500 fee.  Progressive Homesellers' Affiliated Realtors keep costs low by
 conducting all business remotely; by phone, fax and email.  The company is
 privately owned and based in Seattle, Washington.  For more information,
 please visit or call 1-888-378-7878.

SOURCE Progressive Homesellers