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Rainmaker
4,479,357
Richard Weeks
Dallas, TX
REALTOR®, Broker

Purple Bricks, I don't even like Deep Purple, but I do like Purple Rain.

Jul 03, 2019 11:27 AM
Rainmaker
4,354,462
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

News to me.  I guess my life will never be the same. Hashtag Co-misery.

Jul 03, 2019 11:15 AM
Rainmaker
1,394,287
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

This is awesome news!!! It was inevitible!

There's No APP for customer service, competence & character; there's no APP for what I do. The discount brokers are starting to find out you can't automate nor assembly-line process people making the largest purchase or sale of their lives. Everyone's needs are different and not to be cookie-cutter served. If you think working with a REALTOR® with years of experience, including weathering the CRASH is expensive, try working with an amateur that wants to process you vs. serve your needs.
REALTOR®: There's no APP for that!

Jul 03, 2019 07:16 PM
Rainmaker
5,581,678
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

i've heard of them, but don't know much about them....they didn't last long here....  #co-misery!!!

Jul 03, 2019 11:43 AM
Rainmaker
1,090,456
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Purple Bricks failed in Australia and the U. S.

Our business is changing, evolving, and who knows what the future holds.

Other "disruptors" are still on the scene. If they continue to lose money, I forecast more will disappear.

Jul 03, 2019 11:20 AM
Rainmaker
966,442
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Co misery! 😜

We're not Europe, neither is Australia. And blessed be!

Jul 03, 2019 11:10 AM
Rainmaker
1,449,222
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm not surprised at all.  Out here they had such a hard time selling houses that they had to stop charging the sellers the several thousand dollar fee if the house didn't sell.

Jul 03, 2019 12:07 PM
Ambassador
3,190,714
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

No surprise. I cannot even say great failed attempt.  Who will be next?

Jul 03, 2019 07:04 PM
Rainmaker
4,662,315
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

One more bites the dust... and I predict there will be more! I am not miserable at all.

Jul 03, 2019 01:33 PM
Rainmaker
630,287
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I heard. Another flat fee gone. Co-misery!!

Jul 03, 2019 01:31 PM
Rainer
365,858
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

 Here they  started in 2017 $3200 then $3950 then $4900 then $4999 then add all the extras like do you want more than 8 photos?  There still remain 4 cheap priced, cough not so nice, discount shops to take those expired(s) that were listed for too high a price. com·mis·er·at·ed not to feel co-misery

Jul 03, 2019 01:30 PM
Ambassador
3,451,451
Anna Banana Kruchten Phoenix Broker
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

I just took a quick look at how many houses they have listed close to our area and there are quite a few. I wonder how they're going to handle dumping all those clients?   Did I get this part right - Seller pay the fees up front? If so then there is going to be a lot of not happy campers. Bummer for them.

Jul 03, 2019 03:02 PM
Rainmaker
5,770,333
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jason,

Co misery,

And another one bites the dust!!!

Jul 03, 2019 01:00 PM
Rainmaker
1,088,060
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

 Gee...I never heard of them so there's no co-misery or (lamenting) on my part...lol

Jul 04, 2019 07:16 AM
Rainmaker
1,598,230
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea. Will read.

Jul 04, 2019 06:08 AM
Rainmaker
819,869
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

Wonder where they came up with a name like Purple Bricks...would you trust someone to sell your home with the name Purple Bricks... bad choices from day one purple bricks! 

Deep Purple...now that made sense...

Smoke on the water The fire in the SKY!

Jul 04, 2019 01:11 AM
Rainmaker
536,893
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

 Can't wait to see who joins them in " co-misery"

Jul 03, 2019 08:32 PM
Ambassador
2,541,172
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

What the heck? I don’t even remember what purple bricks is about.

Jul 03, 2019 08:08 PM
Rainmaker
4,718,257
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never heard of them, so co-misery may not fit me

Jul 03, 2019 05:25 PM
Ambassador
4,822,247
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I read about this and guess I am not surprised. #Co-misery

Jul 03, 2019 05:02 PM
Ambassador
5,906,240
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Where is the co-misery here?

 

Jul 03, 2019 11:34 AM
Rainmaker
1,466,388
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

All they had to do was get some representatives that are offering freebies and then get a government handout, oh and that would be co-misery!

Jul 03, 2019 11:29 AM
Rainmaker
468,860
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Never heard of them - they didn't ever reach here.

Jul 04, 2019 06:47 AM
Rainmaker
2,069,897
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

No idea. 

Happy July 4th!

Jul 04, 2019 06:19 AM
Rainmaker
3,624,438
James Dray
Fathom Realty - Bentonville, AR

Never heard of them, so don't let the door hit them in the backside.  

Jul 04, 2019 02:26 AM
Rainer
352,926
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

The misery you get when talking about co-misery

 

Funnynand embarrassing co-misery commercials.  They weren’t really prevalent in our market or I didn’t know if there were. 

 

Adios Purple Bricks

 

Im not a fan of thepurple color or bricks so no love loss here.

Jul 03, 2019 06:11 PM
Rainmaker
920,968
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

If I read correctly, the main issue was expansion exceeded capability. They moved from itsy-bitsy markets to the USA market and although participation was great, they imploded. Then Brexit bit them and the Germans made their takeover move.

"Co-misery," I sure was evident at the non-physical water cooler.

The disruption they intend to create must come with the US Govt moving agents to an employee status. The fall of the monopoly will allow the deck chairs to be rearranged. Like the ROMAN wedge, NAR has either destroyed the alternatives or assimilated them into the river of money. (Zdevil) IT is interesting that this assmilation was preceeded 12 months by NAR dis-inviting Zdevil from the conventions.

I expect Warren Buffet to be bringing a YELLOW BRICKS alternative where disruption can occur from a well funded insider.

Jul 03, 2019 11:56 AM
Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

If a tree falls in the forest and no one is there to hear it, does it make a sound?

Jul 04, 2019 06:50 AM
Rainmaker
7,229,390
Roy Kelley
Retired - Gaithersburg, MD

No thoughts on this.

Jul 03, 2019 11:31 AM
Ambassador
4,698,110
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Ahh, those poor execs! Sorry to see you go - NOT!

Don't let the wall hit you on the way out!

#Co-Misery 

Jul 04, 2019 09:30 PM
Rainmaker
597,387
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

For those who haven't heard of Purple Bricks, you can click below to access some of their commercials. Their commercials played constantly, and always had the phrase below:

"Aaaah, Co-Misery...the misery you feel when you spend thousands on commissions but got nothing more for your money"

https://www.youtube.com/watch?v=PMHVf_7mA2g&list=PLDVFVEyOYtp4B3xB720FGpw_bHYgqqwRc

Jul 04, 2019 11:50 AM
Rainmaker
712,619
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

The effect of brutal competition giving the business away to gain market share - not a good long term business strategy. It's the beginning to bite and hurt. OpenDoor just laid off staff. And other "iBuyer/Seller' real estate firms are sitting on inventory they can't sell - or selling at a loss.

Jul 04, 2019 08:55 AM
Rainmaker
1,198,788
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 Redfin ceo finally admitted his 1% and generous buyer rebate is killing his public company's bottom line. Some of the billboard along major freeways costs over 15K a month.   

Jul 04, 2019 07:26 AM
Rainmaker
721,223
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Great to hear! I am not surprised. Why would anyone pay an upfront fee?

Jul 05, 2019 07:54 PM
Rainmaker
5,486,570
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I don't know if they ever had a presence in Denver.

Jul 25, 2019 07:40 PM
Rainmaker
2,211,651
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Never heard of them. 

Jul 05, 2019 01:22 AM