Online Real Estate Firm Announces 100% Commission Rebates
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 closing. 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 http://www.progressivehomesellers.com/ or call 1-888-378-7878.
SOURCE Progressive Homesellers
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