Letters to the Editor

New real estate startup called 'utter joke'

Inman News®

Re: 'RealUmbrella seeks to shut agents out of transactions' (Sept. 24)

Dear Editor:

I read your article titled, "RealUmbrella seeks to shut agents out of transactions." Of course, an anticompetitive headline such as this piqued my interest -- you intended that. After I looked up this startup via its Web site, I'm astonished that a small virtual company with no track record and a Web page (which essentially is nonfunctional) would warrant a headline.

They brag, "The competition would be to see how fast their [a regular agent's] listing is in the general public view vs. that of a RealUmbrella listing. Any takers?" -- yet they haven't even managed to launch their own Web page. An utter joke if you ask me ... and juvenile at best.

I wonder what I might do to deserve such attention. How about a headline reading "Agent Out to Expose Virtual Companies For What They Really Are" -- schemes to separate people from their money while doing as little as possible.

Drew & Christine Morgan
Carlmont Associates
Belmont, Calif.

Re: 'Massive layoffs at discount brokerage Foxtons' (Sept. 27)

Dear Editor:

Guess the agents who suggested they would respond to Foxtons' 1 percent commission offer with a 1 percent commission offer of their own never heard of the Sherman Antitrust Act.

Helen Hodgdon
You Decide Realty
Merrimac, Mass.

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