- Homebuyers and Sellers in Las Vegas and Phoenix Now Have a More

Convenient, Transparent and Cost Effective Way to Transact -

- Local Real Estate Professional Marcus Fleming Named Regional

Director -

PHOENIX & LAS VEGAS--(BUSINESS WIRE)--Purplebricks Group plc (AIM: PURP) (“Purplebricks”), the pioneering

next-generation real estate agency, today announced its expansion into

Las Vegas, Nevada and Phoenix, Arizona – ranked no. 6 and no. 11,

respectively, in Forbes’ annual list of fastest-growing cities –

providing local homebuyers and sellers a more convenient, transparent

and cost-effective way to transact. Purplebricks’ value proposition is

unique in that it combines intuitive technology, experienced local

agents and a flat-fee structure to deliver a more rewarding home-buying

and selling experience. To oversee its operations in Las Vegas and

Phoenix, Purplebricks has named local real estate professional Marcus

Fleming, who brings a decade of experience in the local real estate

market, to the post of Regional Director.

Effective Tuesday, June 19, 2018, Las Vegas and Phoenix residents can

list their homes with Purplebricks for a flat fee of $3,600 and, upon

closing, pay the buyer’s agent commission, which is standard in U.S.

real estate transactions. The flat fee is the same for homes of all

values. Purplebricks agents provide a full-service offering that

includes pricing and staging advice, professional photography, signage

and marketing, an immersive 3D virtual tour and dedicated support

through closing. A local homeowner selling a $261,000 home would save

$4,230 using Purplebricks compared to paying the standard real estate

brokerage commission of 5 to 6 percent.

Purplebricks recently commissioned a third-party national study to

analyze attitudes towards the home buying and selling experience. The

research found that 73 percent of Americans say it is extremely

important for a real estate agent to outline all of his or her fees

upfront when helping to sell a home. Nearly seven in 10 Americans also

touted the importance of transparency throughout the entire transaction

process as a crucial factor for gaining their trust. The findings of the

comprehensive study support Purplebricks’ differentiated consumer value

proposition, which prioritizes transparency.

Las Vegas and Phoenix homebuyers can now experience that transparency by

using Purplebricks’ website and mobile app to view all available

property listings on the market, instantly book multiple home tours with

Purplebricks agents, safely and seamlessly communicate with sellers, and

negotiate offers in real-time. The flexibility afforded by Purplebricks’

online platform provides buyers with greater speed and control over the

transaction 24/7. As an added benefit, buyers who select Purplebricks to

serve as their agent receive a $1,000 rebate on closing.

“Las Vegas and Phoenix are similarly attractive markets, each

experiencing a steady stream of growth from comparable clientele. In Las

Vegas, the construction and hospitality industries continue to drive

population growth, while Phoenix is seeing expansion through

technology-based companies,” said Mr. Fleming. “After developing a keen

understanding of these real estate markets over the last decade, I am

eager to make a positive impact by working with an innovative,

fast-paced company like Purplebricks. The outstanding platform and

service Purplebricks offers consumers is unparalleled. In addition,

Realtors who long to be busy selling homes and building reputational

capital are ensured an excellent career opportunity.”

Purplebricks works exclusively with experienced agents who are dedicated

to providing exceptional customer service. All Purplebricks agents

benefit from an extensive training program that covers all aspects of

Purplebricks’ culture and business model and platform, designed to help

them work more effectively. Purplebricks’ agents have territorial

exclusivity determined by zip code with central resources available,

including a robust lead generation pipeline, for them to build and grow

their business. This approach guarantees Purplebricks agents have

exceptional local market knowledge and the ability to provide expert

advice to sellers and buyers.

“We are excited to welcome Marcus to the Purplebricks team and eagerly

look forward to his contributions in both Las Vegas and Phoenix. His

track record in growing differentiated real estate models in both

regions will be beneficial as we seek to expand our brand and offer

support to our local real estate experts,” said Eric Eckardt,

Purplebricks U.S. CEO. “The Purplebricks model has continued to achieve

great results on both coasts by providing excellent service and saving

home sellers in California, Connecticut, New Jersey and New York

thousands of dollars. We see tremendous opportunity in Las Vegas and

Phoenix, as both markets have ideal demographics comprised of consumers

eager to buy and sell homes while saving money.“

Prior to joining Purplebricks, Mr. Fleming, a licensed realtor in both

Nevada and Arizona, spent more than 10 years working as a real estate

agent. He previously supervised Redfin’s brand launch in both Nevada and

Arizona. After seven years of working with Redfin, including building

out several teams and managing growth across the platform in both

states, Mr. Fleming opened his own real estate brokerage.

For more information on Purplebricks’ platform, savings and services,

Real estate agents interested in joining the Purplebricks team are

encouraged to email their resumes to joinus@purplebricks.com.

About Purplebricks

Purplebricks, with offices in three major real estate markets including

the United Kingdom, Australia and now the United States, is the

pioneering next-generation real estate brokerage, combining highly

experienced and professional Local Real Estate Experts with an

innovative and intuitive technology platform to make the entire process

of selling and buying homes much more convenient, transparent and cost

effective. Purplebricks is transforming the way people perceive real

estate agencies, while in the process helping sellers save thousands of

dollars, affording buyers greater transactional flexibility and control

and offering agents the chance to build and grow their own profitable

businesses.

Contacts

Media Inquiries:

ICR for Purplebricks in the US

Jason

Chudoba, 1-646-277-1249

Kelly Ferraro, 1-646-277-1291

Megan

Kivlehan, 1-646-677-1807

or

Purplebricks

Valarie

Sukovaty, 714-308-5208

Head of PR and Social Media