US Challenger Portal Realoq Expands Reach

June 7, 2024
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Realoq, a recently founded US real estate portal designed as a “multi-sided marketplace,” has extended its services to Florida, Georgia, and North Carolina.

"Unlike industry stalwarts, Realoq’s free-to-use service offers a hand-picked and custom-vetted pool of local agents, providing home buyers and sellers with peace of mind, full transparency, and top quality," said Anvesh Chakravartula, founder and CEO of Realoq, in a statement.

The portal doesn't charge any upfront fees or any monthly subscription instead working on a success fee of 25% of commission if and when a realtor closes a deal from a lead generated by the portal.

Founded last year, Realoq secured $3 million in seed funding from TRK Ventures in November. It is also currently available in Texas, California, Idaho, Oregon, and Washington.

Realoq is one of a host of small operators looking to take a bite of the market enjoyed by the likes of Zillow, Realtor.com and Homes.com.

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June 7, 2024
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

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