Friday, Sep 28, 2007

Foxtons US Branches to Close

Financial Week: End of the Hunt for Foxtons

Several calls to company headquarters and branch offices were not returned today, and the recording this morning said to call back during business hours.

Foxtons, which had great success in London, opened in the U.S. in March of 2000. It tried to differentiate itself from competitors by undercutting the industry’s 6% commission standard by paying its agents salaries and charging customers only a 2% commission.

Posted by axion @ 09:03 AM (142 views) Add Comment

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