FRE and biproxi Enter Partnership to Offer Brokers with Online Auctions

May 24, 2020
Share this Post: 

Companies have been quickly moving to completely online services to answer the problems that have arisen from the pandemic. One of those services that multiple companies around the world have been turning to is online auctions. Recently, CRE proptech firm, biproxi, has entered a partnership with The Future of Real Estate (FRE) to do just that. 

FRE is an online real estate auction site toting its Accelerated Marketing Program (AMP®) which offers brokers an end-to-end transaction platform to sell commercial real estate online.

With this partnership, biproxi will offer an innovative and sophisticated auction platform that offers brokers CRE marketing and technology products and services

Gordon Smith, CEO of biproxi, said:

"We're excited to add auctions to the suite of products and services available from biproxi, and believe it is a natural progression to our current offerings.”

The CRE proptech company offers a number of products and services for brokers to utilize, including:

  • Listing Essentials, a one-stop-shop for brokers to select and buy what they need, like 3D floor plans, virtual staging, property photography, and more.
  • Marketing Concierge, an end-to-end marketing solution to streamline the selling process.

Bill Lange, CEO, and Founder of FRE said:

"For centuries auctions have provided the primary way to appraise the most priceless works of art and jewelry via competitive bidding. Over the past few years, we have seen a dramatic rise in commercial real estate sellers and brokers exploring auctions as a way to shorten the time on market and provide a true appraisal of the property's value."

This isn’t the first time since the pandemic started that a company has moved to online auctions. Earlier in the year, realestate.com.au also turned to online auctions, as well as a number of other companies going down the same route to continue making profit during market unrest.

May 24, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Funda
Dutch Portal Funda Acquires Commercial Player RealNext

Dutch commercial property platform RealNext has been acquired by NVM in a move that will see its assets incorporated into...

Read More
Zumper Movoto Deal
US Portal Operators OJO Labs and Zumper Sign Listings Deal

The US real estate portal operator OJO Labs has announced that it has signed a listings partnership deal with rental...

Read More
Women In Tech Rea And Zoopla
REA Group and Zoopla Backing Women in Tech Initiatives

Both leading Australian portal operator REA Group and British property portal Zoopla have today announced measures to back women in...

Read More
Alma Media House Symmetry
Alma Media Q3 Figures Show a Healthy Company as Stock Trades at Record High

Alma Media, the operator of Finland's two largest real estate marketplaces, has released figures from its Q3 that show record...

Read More

Popular News