Brokers, agents and middleman are needed " Now " ,some have even go far as to say a pain the backside ,when it comes to finding and renting a new house. NoBroker , an India-based startup that operates a peer-to-peer rentals site, has closed an impressive $10 million Series B [£7.1m] round to continue its quest to eliminate the estate agent. The premise is simple. Agents and brokers have the supply when you’re seeking a new home, but their fee / and in some cases commission is based on the amount you spend. NoBroker - Flats, Houses, Home Rentals They typically pocket part of your deposit and take a cut of your monthly rent. That, NoBroker argues, incentivises them to push you into the most expensive rental, not necessary what is right for you. To combat that, NoBroker has a peer-to-peer site that allows home owners and prospective tenants to connect directly, eliminating the need for a broker. The service is currently in four cities with around 250,000 curre...
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