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Ever wonder what happened to ComFree – Commission Free Realty?

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ComFree

February 14, 2024

The Founding and Early Success of ComFree Real Estate

ComFree began in Edmonton in 2002, founded by Erin & Travis Holowach. Within 3 years of opening ComFree’s doors, ComFree was the largest for sale by owner company in the world.

Travis & Erin saw a huge opportunity in the real estate market to educate homeowners that selling their own home can be simple & straight forward and the need for a real estate agent wasn’t necessary. Buyers also learned how easy the buying experience could be when they are dealing directly with homeowners as opposed to unnecessary middlemen (agents).
By 2007, ComFree had taken the lions market share, with 1 in 3 homes being listed on ComFree.com. Buyers and sellers alike were ecstatic about the commissions they were saving while successfully navigating their own real estate transaction with the support of the ComFree team.

National Expansion and Ownership Changes of ComFree Realty

In 2009, ComFree had the opportunity to become a national brand by merging with a similar for-sale-by-owner company in Quebec (duProprio) and financing by a large, well-know public company in Canada. From this moment forward, ComFree had a bumpy path; its founders Travis & Erin left the business as they had differences in vision for the company. ComFree was then sold to the Yellowpage Group, followed by Purple Bricks and lastly Desjardin Insurance operating as FairSquare. In 2023, the history of ComFree ended.
What once was the largest private sale company in the world lost its way in the competitive landscape of real estate. They were a full-service real estate brokerage charging thousands in commission and no longer offering the fully-supported private sale option.

Competition Bureau Ruling and the Birth of HomeFree

In this timeframe, there was also an industry-changing ruling made by the Canadian Competition Bureau determining that the MLS ® had a monopoly on real estate in Canada, and thereby must now allow mere postings – a mechanism permitting homeowners to post their homes for sale on the MLS ® and REALTOR.ca without being represented by a real estate agent or being tied to any seller’s commissions. The Canadian real estate industry has done an amazing job suppressing this ruling from the public eye. Travis and Erin, once again, saw the opportunity to disrupt real estate, much like they did in 2002-2009 by exposing this ruling to the Canadians, and will be the catalyst for Canadians to access the exposure of the MLS® without being forced to pay the commission of a typical real estate brokerage. HomeFree launched in June 2023 to bring back the service offering that was once provided by ComFree, but this time, also adding MLS® exposure. In the spirit of ComFree, HomeFree only charges a flat-fee of $997+ gst and that is all the seller is required to pay.
As lawsuits heat up across North America accusing the real estate regulatory bodies of fixing commissions and not allowing MLS® access to everyday consumers, amongst other claims, ComFree is back to meet the demands of the real estate market.

Courtesy of Whatever Else Marketing
 

Key Takeaways: The Rise, Fall, and Revival of ComFree Real Estate

  • ComFree Real Estate, founded in Edmonton in 2002 by Erin & Travis Holowach, grew to become the world’s largest for-sale-by-owner company within three years.
  • By 2007, ComFree achieved remarkable success with one in three homes being listed on ComFree.com, demonstrating the strong market demand for commission-free real estate services.
  • The company underwent multiple ownership changes after 2009, including mergers with duProprio and acquisitions by Yellowpage Group, Purple Bricks, and finally Desjardins Insurance.
  • A significant Competition Bureau ruling mandated that MLS® must allow mere postings, enabling homeowners to list on MLS® without requiring real estate agent representation.
  • The original ComFree service ended in 2023 after transitioning into a full-service brokerage charging traditional commissions.
  • HomeFree launched in June 2023, reviving ComFree’s original commission-free model while adding MLS® exposure for a flat fee of $997 plus GST.
  • The Canadian real estate industry faces ongoing legal challenges regarding commission structures and MLS® access restrictions.

Sell Smarter.
Buy Better.

With ComFree, it’s easy! Finally, a platform that connects buyers and sellers. Offering support and service every step of the way, we save you money and give you back control.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!