U.K. operator takes aim at 6% real estate commissions to the U.S.

|About: Realogy Holdings Corp. (RLGY)|By:, SA News Editor

London-based Purplebricks launches in Los Angeles today, armed with $60M from a recent capital raise. The company offers the full services of a typical real estate brokerage for a flat fee of $3.2K.

The company has operated in the U.K. for three years, and expanded to Australia in 2016.

Purplebricks joins Reali, which recently launched in San Francisco with a flat fee of $4,950.

Interested parties: Realogy (NYSE:RLGY), Re/Max (NYSE:RMAX), Zillow (NASDAQ:Z), and Berkshire Hathaway HomeServices (BRK.A, BRK.B).

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