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The Company provides a comprehensive set of marketing and business management tools designed to help real estate professionals increase its productivity and income.
One Word: Bankruptcy! This company is going nowhere fast. Like many real estate business models that work great in a fast moving market, this one is dead in the water now that the market has normalized. The suite of services, most significant of which is sale of prospective buyer and seller leads, is worth much less to agents than it would cost these agents to generate themselves. This is/was a fad business model that appears to be unable to adjust to the changed market. Unless the company can think of a completely new way of repositioning itself, it is just a matter of time before subscription reductions overpower the staffing cuts.
um with $63 mil in cash and low overhead (not a capital intensive biz) these guys arent goin bankrupt anytime soon
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