StreetEasy To Cut Rental Fees For Agents
StreetEasy is discounting the daily fee to post rental listings amid Covid-19.
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Move follows Zillow’s decision to slash prices for Premier Agent
In an email to agents Thursday, the Zillow-owned portal said it was cutting prices in response to the “ever-changing circumstances” sparked by the coronavirus pandemic, which is wreaking havoc on the global economy.
“To better support you, we will be reducing prices — in some cases, covering 50% of fees — and adjusting our policies across several products,” said the email from Matt Daimler, StreetEasy’s general manager. A spokesperson confirmed the discount would apply to both Premier Agent and StreetEasy’s daily $6 fee to post rental listings.
The move comes on the heels of a decision by Seattle-based Zillow Group to cut Premier Agent fees in half through April 22. In a letter to shareholders, Barton and chief financial officer Allen Parker said the move would cost Zillow betweeen $40 million and $50 million, but they said the company would try to reduce expenses.