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UK brokerage Purplebricks on the hot seat for home-sale claims

UK brokerage Purplebricks on the hot seat for home-sale claims

Purplebricks, a London-based discount brokerage that has quickly expanded into Southern California, is now fighting claims it sells far fewer homes than advertised. The three-year-old company, which opened a Los Angeles office in the fall after raising $60 million from investors, offers a low flat fee to clients, and claims it has sold more than three-quarters of homes listed. But a Jefferies analyst, in a recent research report, put that figure at closer to 50 percent, […]


Source: realdeal

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