Abode, a Chicago, IL-based platform streamlining the process of buying and selling a home, acquired USRealty.com, a national, online real estate brokerage.
The amount of the deal was not disclosed.
The acquisition positions Abode for further expansion using USRealty’s national broker license footprint.
Launched as part of Techstars Chicago in late 2017 by chief executive officer, Kyle Stoner, and chief technical officer, Carson Junginger, Abode is a real estate platform that simplifies the entire process of buying and selling a home. The company provides discounted flat fees for home sellers and rebates for home buyers, offering a new model that reduces broker commissions for consumers.
The company has partnered with Keller Williams, Berkshire Hathaway and other brokerages, offering access to over 9,000 agents and allowing thousands of people to list and buy homes.
USRealty.com is a national, online real estate brokerage committed to reducing commissions for both buyer and sellers. The company provides free MLS access in several states and, through its Pennsylvania call center, supports home sellers through the listing and closing process.
The founding team at USRealty.com has already Abode.
FinSMEs
01/03/2019