Key player in Sitzer/Burnett launches real estate startup

As reported by TechCrunch on August 29, Josh Sitzer– a Missouri home seller who, in 2019, filed the class activity claim versus NAR and major brokerage firm business that came to be known as Sitzer/Burnett– has partnered with Bryce Galen and Neal Batra to introduce Landian, a firm that uses flat-fee property services on demand.

Representative solutions, but no compensations: The goal of the endeavor, according to TechCrunch, was to “take advantage of the brand-new landscape” complying with NAR’s negotiation and offer purchasers a various way to work with agents.

According to the Landian site, which is presently in beta mode, potential consumers can paste in providing web links and choose the flat-fee alternatives they need. A home scenic tour is priced at $49, as an example, while deal preparation is available in at $199. Purchasers can likewise opt for a much more detailed agent plan for $1,799.

On Landian’s home page, Sitzer states that “our hard-won settlement led the way for a new era of fairness and transparency,” and the firm’s flat-fee technique is “liberating homebuyers from the extreme payments they were previously compelled to pay.”

Regarding Sitzer/Burnett: The initial compensations instance to go to trial, Sitzer/Burnett pitted home vendors against the National Organization of Realtors, Anywhere Real Estate, RE/MAX, Keller Williams and HomeServices of America.