Realtor Foxtons Shuts Its U.S. Operat...

Realtor Foxtons Shuts Its U.S. Operations

There are 3 comments on the New York Sun story from Sep 27, 2007, titled Realtor Foxtons Shuts Its U.S. Operations. In it, New York Sun reports that:

“The plain fact is that we have been battling against a real estate market that recently has turned into a sharp decline, and the company no longer has the liquidity to operate”

By SHARON L. CRENSON Bloomberg News September 28, 2007 A discount realtor that brokered home sales for a 3% commission, Foxtons, shut its American operations and may file for bankruptcy amid the slowing housing ... via New York Sun

Join the discussion below, or Read more at New York Sun.

A real REALTOR

Wilmington, DE

#1 Sep 28, 2007
They didn't provide any service, didn't spend the money needed to effectively market a listing. They offered cooperating brokers less money to sell their listings and their agents were incompetent, forcing the buyers agent to do all the work. No wonder they had so many unhappy clients. Foxtons was a blight on the industry and they will not be missed.
Al D

Rockville Centre, NY

#2 Sep 28, 2007
Mr. Realtor, first and foremost, Foxtons market it's property like no other major company in the US did. Agents are more professional and competent than 95% of the masses in the field. That their plan and strategic phase cut into many traditional realtor pockets by taking away listings, yeah, but it hurt Foxtons in the long run. Everyone has unhappy clients/customers no matter how good and excellent service you provide them. Foxtons was badly manage, revenues were not divided accordingly to whom deserves it, and too many overheads; This is the reason why they went down.
Mr. Realtor you just sound bitter and unprofessional, learn your field and do your homework before speaking.
31 Year Vetern

AOL

#3 Oct 31, 2007
No Service equals NO BUSINESS. FOXTON Sucked...plain and simple. That's why they went under!

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