Slashing real estate commissions in New York City

Podcast: Play in new window | Download (Duration: 14:20 — 19.9MB) | Embed

James McGrath, a co-founder at Yoreevo, a real estate brokerage in New York City that’s cutting commissions from 3% to 1% with their commission rebates and lower listing fees joins Enterprise Radio.

This episode of Enterprise Radio works in association with the Real Estate Channel.

Listen to host Eric Dye & guest James McGrath discuss the following:

What problem is Yoreevo solving?
How does Yoreevo’s business model solve that problem?
Where did the idea come from?
What problems have you encountered in your first year?
What is your vision for Yoreevo?

James McGrath is a co-founder Yoreevo and licensed real estate salesperson in New York. James started his professional career in investment banking at Citigroup in 2008 before spending eight years at two large hedge funds, Cadian Capital and, most recently, Citadel.

As a financial analyst for over eight years, James evaluated hundreds of companies and their ability to compete in an ever changing environment. When he first presented with the idea for Yoreevo, he knew the opportunity was there.

Yoreevo is a licensed New York real estate broker that provides full service representation for both buyers and sellers for a 1% commission – one-third of the typical rate in New York City. Yoreevo is pioneering commission rebates in a market with very little awareness among buyers.

James graduated summa cum laude from Rutgers University in 2008, majoring in both Mathematics and Finance and has lived in New York City since.