*** Press Release ***
CondoDomain lands in Chicago opening its sixth city as a licensed real estate broker offering cash back commission rebates to buyers and sellers who work with the company.
CondoDomain.com, which was founded in 2005, has operated nationally as a web-based real estate brokerage refunding anywhere from 20% – 75% of the commissions they earn. The company has given back just under $1,000,000 in commission refunds over the previous two years. Headquartered out of Boston, MA, the firm is open in more than 20 cities across the U.S. and operates as a principle broker in six cities including: Boston, New York, Washington D.C., Baltimore, Northern Virginia and now Chicago.
Just two weeks ago, CondoDomain made a splash landing in New York City, a real estate market that is so new to innovation that they just rolled out an MLS. “Coming to New York was a re-energizing event for me as I remembered how many people don’t know that there are options out there and that you are not forced into paying 6% commission anymore,” noted Tony Longo, Founder & CEO of CondoDomain.com.
Nick Bultinck, the firms City Vice President and broker for CondoDomain Chicago said, “There is nothing like this in Chicago. Buyers today are researching homes online and by the time they are ready to purchase they are well informed, educated on the market and are ready to make a purchase cutting the time I spend with them in half. Offering a refund of the commission only makes sense as they are doing some of the work themselves.”
CondoDomain’s technology drives both its consumer oriented website and the entire back office including property listings, search capabilities, related content and information management. Most importantly, the company avoids many traditional brokerage expenses, including prime retail office space, as 100% of the business is generated through the Internet.
Home buyers and sellers searching for a Chicago condo, townhome or single family home can now access the entire MRED (Illinois’ listing database) on CondoDomain, which has the most complete set of Chicago home listings.
The Internet has transformed many business verticals and over the course of the previous two years, it has significantly impacted the real estate industry. While Chicago is new to this type of innovation this should allow for more competition, and an elevated level of service.
CondoDomain is a web-based real estate brokerage and one of the first nationwide firms to refund commissions back to the consumer. CondoDomain’s business model is half online and half personal, creating efficiencies to provide a better service while saving our clients time and money. Specializing in condominiums and urban properties, the Boston-based company is growing rapidly across the U.S. and Canada by partnering with the top real estate brokers in each of the company’s urban metro areas.
To learn more about CondoDomain and how commission refunds work or to meet one of our local real estate brokers, please visit www.CondoDomain.com or visit our corporate blog or twitter feed @CondoDomain.
City Vice President / Chicago