Pacaso Paid Agents More Than $21 Million in Gross Commission Income Since Launch


Compass, Sotheby’s and Engel & Völkers are among top earners with innovative two-year second home co-ownership company

SAN FRANCISCO, September 21, 2022 /PRNewswire/ — Pacasothe leading tech-enabled real estate marketplace that helps people buy and co-own a luxury second home has more than paid agents 21 million dollars in total Gross Commission Income (GCI) since the company was founded less than two years ago. Pacaso works closely with all interested real estate agents and brokers to support customers in buying and selling a second home. Agents earn a 3% referral fee on the stock price helping clients co-own a luxury second home and the original buyer’s agent earns a 1% referral fee on each resale for life.

“As Pacaso approaches our two-year anniversary, we are pleased with the trust we have built within the industry in a short space of time and that co-ownership is becoming an important consideration for both brokers and buyers,” said Pacaso Vice President for industrial relations Marnie Blanco. “Realtors have a unique opportunity to increase their earning potential, generate leads and grow their clientele of new second home buyers with Pacaso.”

Brokers earn a finder’s fee of 3% on the stock price and Pacaso equity in the form of 500 Restricted Stock Units (RSUs) when they help clients co-own a luxury second home in destinations, regardless of where they are based or licensed. Pacaso manages the entire process to make it easy for agents, from scheduling tours and answering questions to managing inspections and escrow. Pacaso also enables a turnkey resale process. Should customers decide to sell their Pacaso, the original buyer’s agent earns a lifetime finder’s fee of 1% on any resale. Pacaso also works with local real estate agents to represent the company as buyers’ representatives.

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“Best of all? Agents have the opportunity to refer globally and boost their referral business. Regardless of where you are based or licensed, you can earn by referring a client to any of our 40 world-class destinations. ‘ Blanco continued.

PACASO TOP EARNING NATIONAL BRANDS*

1

compass

5

Coldwell banker

2

Sotheby’s

6

Keller Williams

3

Engel & Völkers

7

eXp Realty

4

Berkshire Hathaway Housekeeping Services

8th

RE/MAX

* The Pacaso Top Earning National Brands ranks brands based on the highest GCI achieved with Pacaso.


“Pacaso has a great vision and it is significant to see our acceptance for our industry friendly product as well known names such as Compass, Sotheby’s, Engel & Volkers, Keller Williams, Berkshire Hathaway Home Services and many independent brokerage firms introduce clients to co-ownership and Pacaso listings,” Blanco continued.

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Introduced October 2020, Pacaso operates in 40 destinations worldwide in four countries. Pacaso grew revenue 315% year over year, generating more revenue in the first six months of 2022 than all of last year.

“Pacaso has created a whole new way for agents to generate additional leads in the second home market while helping more clients become second home owners by giving them the opportunity to have everything they want, at one price that works for them,” said Josh Dotolia founding broker of Compass in South Florida and leads one of the top-grossing sales teams in the Southeast region. “Not only are Pacaso transactions among the easiest I do, but there are many opportunities as Pacaso creates inventory, which in turn leads to more sales to real estate agents.”

The real estate industry relies on co-ownership as a Real Estate Standards Organization and its members defined co-ownership as a form of ownership in 2021. Engel & Völkers, RE/MAXand Better Homes and Gardens® Real Estate introduced Pacaso and co-ownership to the already full-service luxury brokers and networks and World’s Leading Real Estate Companies® has selected Pacaso for its Solutions Group program, a collection of preferred business resources for the global network of 550 real estate firms. The company has also joined a respected list of innovative real estate agents including Ryan Serhant, Josh and Matt Altman, Landon Clements and Raw Habibi in his Agent collective Pacaso.

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To learn more about working with Pacaso, please visit the Pacaso Agent website.

About Pacasso
Pacaso® is a technology-enabled marketplace that is modernizing co-ownership to make second home ownership possible and enjoyable for more people. Pacaso curates luxury deals with premium amenities and high-end contemporary interior design, offers ⅛ to ½ ownership with integrated financing, and professionally manages the home after purchase, supporting seamless resale. Co-founded by Austin Allison and Spencer Rascoff in 2020, Pacaso operates in the best second home destinations around the world. Pacaso was certified as Good place to work and is recognized as one by Glassdoor 2022 Best Employers.

For more information about Pacaso and offers for luxury second homes go to www.pacaso.com or download the Pacaso app Android or iPhone. You can also follow Pacaso on social media at @PacasoHomes Twitter, Instagram, Facebook and youtube or @Pacaso_Homes tick tock.

SOURCE Pacaso





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