The future of real estate — DTS Convention

The rize of the fixed fee agency

We looked at the UK’s largest real estate agency, Countrywide, that is in trouble and on the verge of bankruptcy while fixed fee online agency, Purple Bricks is now the largest agency by listing number count and is now profitable in the UK, with expansion into the US, Australia and Canada. We also looked at how fixed fee agencies need volume (listings) to be profitable and the opportunity for traditional commission models to optimize their business processes.

Not an eazi discussion

We looked at fixed fee operations in South Africa including the rize of Leadhome and discussed the sale of fixed fee agency Eazi.com to Pam Golding Group in a panel format led by Rian du Toit from DTS Attorneys. Kudos to Justin Kreusch from Pam Golding who did a great job in communicating their decision and strategy to the audience in a professional way. Representatives from RE/MAX and KW noted that that this would not be a route their franchises would follow. This was also clearly communicated in recent press releases following the sale of Eazi.

Future real estate models

I discussed the dominant future real estate models we would see:

  • Hybrid and Online set fee models that are technology 1st companies.
  • Traditional models that will grow into more specialized premium services.
Don’t forget to visit the friendly city of Port Elizabeth

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I’m the CEO of www.entegral.net, I love working with my remote team to solve real estate problems. Questions everything.

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Adriaan Grové

Adriaan Grové

I’m the CEO of www.entegral.net, I love working with my remote team to solve real estate problems. Questions everything.