Foxton's Going Out of Business... [Archive] - Real Estate Insider Forum
 
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David
10-05-2007, 07:41 AM
Foxton's laid off 350 employees out of 380 in the last week or so. The difference between Foxton's and a traditional brokerage was that they paid their agents a salary, gave them a car, laptop, cell phone and leads. They also offered discounted listings. Looks like the business model didn't work out. Good luck to you all. I see a lot of ads looking to hire you.