OpenBrix, a new agency-led property site with a universal fee structure, has launched in the U.K. The site charges the same monthly fee for every agency branch, regardless of if they are part of a national chain or independent.
OpenBrix is now available to users in a beta version and will launch fully in early 2020. Registration is free and agents pay a flat fee of £100 ($130 U.S.) per month. Future price increases will be decided by majority vote, with every agent (including OpenBrix itself) receiving a single vote.
The site uses blockchain technology, which means agents keep their data on their own servers rather than having to individually list properties on the different main portals, as is the case for Rightmove and Zoopla. This reduces the need for a central server and support staff, which also lowers costs.
“We have decentralised the power to the agents, and simply become the caretakers of the platform. Following a very successful BETA test, with a handful of selected estate agents, we are now ready to announce that from February 1 2020, estate agents will have full control of the prices and full control of property listing market, without having to buy shares or run the portal themselves,” OpenBrix said in a statement.
The company said it currently has 204 agents signed up and expects to have 2,000 agents on board by the end of 2020.