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Home Bay opens in six markets

Startup is looking to become the next Purplebricks

(Credit: HousingWire)

Startup Home Bay Technologies has expanded to Colorado and is now open in six markets. The young residential brokerage is looking to become the next Purplebricks as they charge a flat commission fee.

Be Smart: Home Bay is a traditional residential brokerage masked as a tech firm. They charge between $2,000 to $3,500 per deal, rather than the traditional 3% listing fee.

Past funding: The startup raised $5 million last June from E15VC. 

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