Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Upside Realty takes on the fixed-fee model

By Lyall Russell
14 October 2019 | 1 minute read
Robert Taleski

Purplebricks only lasted 18 months in Australia on a fixed-fee model; now, a start-up thinks it can embrace the scheme.

Upside Realty is successfully attracting quality candidates as it grows its national footprint.

The model differs from traditional real estate agents who charge a commission on the sales price. Upside Realty charges a flat fee of $8,900 for private treaties or $9,700 if it goes to auction.

The company already has listings in many states. And it claims its model increases job satisfaction by cutting time spent on admin by 75 per cent and provides a pay structure that leaves most strong agents better off.

Like many agents who watched Purplebricks fail, Victorian-based sales agent Robert Taleski was dubious of the model. However, he decided to join Upside earlier this year.

“I was particularly drawn to the small business model Upside offers; not only are you no longer dealing with traditional franchise databases, which can at times be cumbersome and clunky for external use, but you are essentially set up to run your own office and business from the very start,” Mr Taleski said.

In his first three months, he completed eight sales, and business does not appear to be slowing.

Before joining Upside, Mr Taleski spent 10 years in a traditional office, and he believes the Australian fixed-fee model has stronger prospects than what Purplebricks was offering.

Adam Rigby founded the company because he wanted to create a real estate model that would benefit all in the sales process.

“To that end, we are confident that more Australians will continue to sell their properties via Upside for a fairer price, while the proposition we developed to support this will continue to appeal to agents looking to join the next wave for property within a tech-minded global community,” he said.

Upside Realty takes on the fixed-fee model
Robert Taleski reb
lawyersweekly logo

Tags:

ABOUT THE AUTHOR


Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.