Better.com, a digital mortgage lender due to go public later this year, unveiled another expansion of its own real estate groupwhich has a unique business model in the brokerage world.
“This seven-year-old New York-based company will also soon be introducing an instant cash offer program for home sellers,” said Christian Wallace, head of real estate services at Better. Wallace, former iBuyer Regional Sales Manager Opened door, said Better will provide more details on the instant home buying program in the coming weeks.
Meanwhile, Better has expanded Best Property to Alabama and Michigan, 15th and 16th the fortune entered the real estate division of the company.
Real estate brokers are announcing geographic expansion all the time. But since agents are usually independent contractors who, in many cases, pay a broker to use their brand and resources, the company’s financial obligations are often unclear.
However, the Better expansion will require the hiring of dozens of agents who are salaried employees earning a base annual salary of $ 70,000 plus medical care and retirement benefits, Wallace said.