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Steve James
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Funny how these Bruce guys launch purple bricks and attack estate agents and now want to sell to these guys, they have big balls in or big egos! Either way they are crooks both Michael and Kenny
From:
Steve James
29 January 2021 19:05 PM
What a bunch of tosh, I worked for these two con men. Not looking for outside investment??? Bollox! They will take anyone's money at anytime. And for them using the latest technology?? Tosh too! They didn't build their app properly at pb because they didn't want to spend money on it. This will be another Ponzi scheme by these two reprobates.
From:
Steve James
19 September 2020 04:24 AM
Largest agency than all the others combined........... excluding purplebricks!!! What a dullard this guy is
From:
Steve James
17 June 2020 13:43 PM
I'm no purplebricks fan but no way is their business a total scam. The concept of selling houses online is part the future and will work alongside traditional agents. Traditional agents have made a rod for their own backs, bloated, expensive and hasn't moved with the times but there is obviously a place for them as people will use them as they want a high street agent. Look at John Lewis and Amazon, some people prefer to shop at John Lewis, it's more expensive and you generally get good service and some people shop at Amazon for the speed and the deal. The sooner traditional dated estate agents up their game the better they will be become and attract customers who want more of a bespoke service.
From:
Steve James
02 April 2020 08:38 AM
Countrywide is the Bismarck of estate agency, run by gluttens who ponse around in their big cars and Primark suits while blowing a fortune on expenses whilst dreaming that people will use them just because they are a big name. The brand is dead, all that needs to happen now is for this fat bloated ship to hit the sea floor.
From:
Steve James
18 March 2020 19:34 PM
I interviewed with countywide not long ago. A managing director Toby Phillips interviewed me. He spent almost the entire interview talking about himself, his £65k jaguar, his never questioned expenses. I couldn't get many words in. He said the British people love the old ways of estate agency and he said online was a fad. I didn't take the job based on what he had to say and clearly how poorly managed Countrywide was/is.
From:
Steve James
16 March 2020 21:08 PM
This guy Quirk is a nut and just won't go away. He tells lies still like he did with Emoov. Quirk is a conman and a crook.
From:
Steve James
09 March 2020 14:17 PM
Lee Wainwright is talking out of his backside. He was excellent in training but when he was made CEO we never heard hardly a peep from.him. He was hated by the other senior managers and oh yeah he only stuck it for 12 months...why did he leave? Cos it sucks working there and there is only 20% that make decent money. The other 80% don't. Lee Wainwright was and is completely out of touch!
From:
Steve James
08 July 2019 11:05 AM
Kenny and Michael Bruce are users and abusers
From:
Steve James
28 June 2019 14:12 PM
How many houses are at 70k? Whatever your taking keep taking it.
From:
Steve James
26 June 2019 12:53 PM
I worked at PB for almost two years and never heard of this guy!
From:
Steve James
26 June 2019 06:28 AM
Nonsense and you know it and you can't prove it
From:
Steve James
26 June 2019 06:18 AM
I worked for Purplebricks for almost two years and without doubt I can say that the 50% figure is accurate. There is no way on earth that PB sold anywhere near 88% they claim and I'm not sure why Lee Wainwright is piping about this but PB is based a lot on hype to get the stock up. In addition how can they prove it? If they can sell 88% of what they take on then they could change their model to a pay on completion and be amazingly successful. I'm guessing Lee still had options that he wants to increase on. No sugar with my tea Lee! Failed in Australia, USA because of the hype and more BS being spewed out by an ex CEO who was forced out by management who didn't like him.
From:
Steve James
26 June 2019 06:15 AM
Hate to say it... nope I am liking to say I told you so. I predicted this in 2018. Michael Bruce is a slime ball lawyer and now he's gone it won't be long before Kenny will exit too. These pump it and dump it duo have had their fill. Pb is burning through cash and losing its team in dramatic fashion. They will certainly exit the US market, they bit off more than they could chew just like Australia. Kennys short tempered now and he will step down soon, no comment from him which says a thousand words. He will jump before he's pushed as Axel the current investors will want him gone. Pb will probably survive in the UK but not a big deal as the brothers Grimm pumped it. Still both these pumpers will walk away with a cool 20 to 40 million reach. When I saw Micheal Bruce brag about his new Bentley at the summer conference I knew pb days were numbered, hes an arrogant big headed fool.
From:
Steve James
08 May 2019 06:11 AM
Hate to say it... nope I am liking to say I told you so. I predicted this in 2018. Michael Bruce is a slime ball lawyer and now he's gone it won't be long before Kenny will exit too. These pump it and dump it duo have had their fill. Pb is burning through cash and losing its team in dramatic fashion. They will certainly exit the US market, they bit off more than they could chew just like Australia. Kennys short tempered now and he will step down soon, no comment from him which says a thousand words. He will jump before he's pushed as Axel the current investors will want him gone. Pb will probably survive in the UK but not a big deal as the brothers Grimm pumped it. Still both these pumpers will walk away with a cool 20 to 40 million reach. When I saw Micheal Bruce brag about his new Bentley at the summer conference I knew pb days were numbered, hes an arrogant big headed fool.
From:
Steve James
08 May 2019 06:06 AM
I worked at PB and there is definitely something fishy going on with TP and PB. Example is one of my clients left a scathing non rude review about the conveyancing and TP wrote to my client and said they removed it due to a technicality involving his IP address!!!
From:
Steve James
23 February 2019 11:30 AM
Like I've said Purplebricks in the USA is nearly finished. There's very little chance anyone had deep enough pockets to sustain a business plan there, too big and way to much competition and the Americans are too smart. In AUS they are shrewd too and the media are against them. They will blame the world economy and Michael Bruce will probably blame Brexit. In the UK they are burning through lpes at an amazing rate and they will stick around but nothing like 20% share as they predict. Poor Lee Wainwright is a great guy but he was toothless in that role. Paul Vickerstaff was constantly behind his back complaining to the Bruce's about him
From:
Steve James
23 February 2019 06:13 AM
Like I've said Purplebricks in the USA is nearly finished. There's very little chance anyone had deep enough pockets to sustain a business plan there, too big and way to much competition and the Americans are too smart. In AUS they are shrewd too and the media are against them. They will blame the world economy and Michael Bruce will probably blame Brexit. In the UK they are burning through lpes at an amazing rate and they will stick around but nothing like 20% share as they predict. Poor Lee Wainwright is a great guy but he was toothless in that role. Paul Vickerstaff was constantly behind his back complaining to the Bruce's about him.
From:
Steve James
23 February 2019 05:37 AM
DelPrete is obviously biased towards PB
From:
Steve James
18 December 2018 20:36 PM
I'm bet that this guy DelPrete either has a large holding of PB stock or he is connected in some way. Seems awfully bullish. Hi profile does show he's a big technology fan too. Thing is the technology PB has is minimal. Take the app for example is just rubbish. The search feature for properties doesn't work and customers can't look at their messages and it's been like that for two years +
From:
Steve James
18 December 2018 20:34 PM
Taking a look at their numbers I can't see how they can justify what they say. I've spoken to 3 different TOs and the areas they cover are down instruction wise approximately 35% so fees and profit from bolt ons would be down by a similar number you would expect. Unless they have a secret source of income that they haven't disclosed I expect that in the future there could be a class action suit from investors relating to stock manipulation.
From:
Steve James
13 December 2018 10:26 AM
The indicators showed that Purplebricks maybe would be manipulating it's books. To early to tell but from this it looks as if they are painting a grim picture brightly. He usually mentions Australia, and the US is brought into this statement with less vigour. Not good at all this report for Purplebricks.
From:
Steve James
13 December 2018 08:18 AM
The online model as it stands does not work and is not viable. The cost per instruction is massive and the only way this model can survive is to change the employment structure of the LPEs and increase the fee. Purplebricks is bleeding money from its neck. The staff churn is massive and complaints are horrendous. The majority of the LPEs are being underpinned and have been told to keep their diaries open throughout Christmas and the new year hence very low morale. Customer service stinks. Michael and Kenny Bruce have made a massive judgement error by branching out overseas too early. The US market is not performing anywhere near where they need it to be and Australia is on its knees with the CEO Dinsdale resigning. The online hype is fading and although it will be here to stay it won't be a big player as it is.
From:
Steve James
12 December 2018 16:20 PM
It's simple this model does not work. It costs a fortune for Purplebricks to gain an instruction. The LPEs are down trodden and severally underpaid for the work they do and what's expected of them. They have all been told to be available all through Christmas and the new year holiday period. They must be burning through cash at an alarming rate as they are underpinning the LPEs to prevent them from jumping ship. Staff turnover is horrendous. The US market is not anywhere near where they want it to be. Australia is likely to cease trading as that's burning a huge hole. They need to reinvent this model with drastic changes in employment and pay structure and that's only possible if they put the listing fee up.
From:
Steve James
12 December 2018 09:08 AM
100k is pie in the sky. No-one with any sense would take these on. In addition the clients can do whatever they want and most will want to go in a different direction. People like Quirk and they guys who scam I mean run these companies have and are always up to to no good. Misleading investors to line their pockets. Another catastrophe coming around the corner is Purplebricks. They could be manipulating their numbers. Neil Woodford is a dodgy guy and the consensus by some analysts is that they could be fixing the books. Here's an interesting excerpt " Quant Scores The M-Score, conceived by accounting professor Messod Beneish, is a model for detecting whether a company has manipulated their numbers or not. Purplebricks Group PLC (AIM:PURP) has an M-Score of -2.121199. The M-Score is based on 8 different variables: Days’ sales in receivables index, Gross Margin Index, Asset Quality Index, Sales Growth Index, Depreciation Index, Sales, General and Administrative expenses Index, Leverage Index and Total Accruals to Total Assets. A score higher than -1.78 is an indicator that the company might be manipulating their numbers"
From:
Steve James
11 December 2018 10:58 AM
Quirk is a crook, simple
From:
Steve James
10 December 2018 17:08 PM
What a load of tosh! Quirk is a wanna be get rich quick fool!
From:
Steve James
07 December 2018 08:30 AM
In the USA the biggest problem Purplebricks has is that a lot of realtors don't work full time and these guys and girls make a hefty commission check from one sale. The average commission is say 5% and the realtor on average walks away with 65% of the total with the broker getting the remainder. So take a 200k sale the realtor gets 6500 when they sit down with the title clerk on closing. They sell one or two a month happy days. With Purplebricks they have to work full time for less than half that and like in the UK the LPEs are expected to field most of the customer questions, even the CPT will take a call and threeway call the LPEs as they don't know what the heck they are doing. In addition and this is looming they haven't been sued yet in the USA and they will. Another massive part of American business is customer service, they are the masters at this but Purplebricks seriously lacks it. Michael Bruce has said some pretty brutal things about the UK & US real estate markets and he's taken on a lot of powerful people with very deep pockets. His attitude in business is "it's better to ask for forgiveness rather than permission"
From:
Steve James
07 December 2018 08:28 AM
I've said this before and here I go again. PB will probably withdraw from the Australian market citing market conditions and possibly a recession which is looming. It's a very tough place to do business as the regulatory bodies there are strict and already have the measure of PB.
From:
Steve James
06 December 2018 07:56 AM
Publicity stunt by Michael Bruce. Why would he take these on, more headaches for the headaches he already has.... The pb client's. He will do whatever it takes to protect his brand and it's a serious risk by even considering these clients. In a few days he will probably say...it didn't work out as no deal could be reached to protect the ex clients of emoov....he may look good in the process though. In addition he has a lot of very clever pr people with their hands up his jacksie giving him advice.
From:
Steve James
05 December 2018 13:24 PM
Quirk is a fraud and he's off on another shoddy poorly run farse!
From:
Steve James
03 December 2018 16:04 PM
Dead duck....quack!
From:
Steve James
03 December 2018 07:45 AM
Quirk is another trying to get rich quick flash in the pan guys who talks the talk but couldn't even pull the skin off a rice pudding let alone run a company. Sat in his failing company figuring out what to do as it's falling apart around him he gets the brilliant idea to slag off pr agencies and prepares to jump ship and become a pr guy. What a joke and an embarrassment to estate agency.
From:
Steve James
30 November 2018 10:38 AM
So much for your waffle Quirk. You use the words may, could and maybe way to often.
From:
Steve James
29 November 2018 20:25 PM
The hybrid online model is seriously flawed for this reason. People expect service irrespective of how much money they pay. When they choose an online/upfront agent they are told by the lpes that everything is the same as the high street if not even better. The lpes either work their socks off of they don't. In most cases they do not. The money that an lpe makes being an lpe doesn't equate to the level of work they have to do. For example when you work for Purplebricks they own you and the majority of the lpes make 25k and not much more. Take out their expenses and they are doing a 35k job for 17k. The churn at Purplebricks is very high. They over hired and they are fighting to keep lpes. In addition they are currently advertising on Facebook saying ote is 50k which is nonsense. The current business model at Purplebricks, yopa etc. Just doesn't work.
From:
Steve James
29 November 2018 20:20 PM
What the heck is Michael Bruce churning on about now!! Maybe he's acquired a time machine and forgotten that he zapped himself back to 2006. Talk about trying to make himself look clever. He doesn't give a hoot how buyers get funding as long as they complete and he gets a slice!
From:
Steve James
29 November 2018 08:21 AM
Being an ex online self employed agent in the UK and worked in the USA as a realtor I have seen the different ways we do business. I've also had talks with emoov and yopa from a recruitment perspective. First off after chatting with emoov they came across in complete disarray. I received wrong emails from them and also the other communication was very poor. Their CEO Quirk is obviously clever and he can see the writing on the wall by trying to align himself with countrywide previously and he's burning through cash in his war chest. As for the chatter that emoov has a price tag of £100 million, that's crazy and very very unlikely that anyone is going to offer anywhere near that unless they are crazy to but crazy things happen, the brand emoov is worthless and tepilo probably in these conditions worth something. They both have no real assets apart from the Beeney name. For £15 million you can set up a very decent online model so why pay a premium? Yopa is happy to wait in the wings and pick up the pieces but they are clones of the Purplebricks model. My take is that online won't be a big player in its current form in the UK, USA or Australia. People buy Jaguar cars because they can afford them and they choose not to buy Dacia. This plays out in their other shopping habits and with who they choose to sell their home etc. For that reason I see this shake up still panning out in the sector in the UK but not the USA or Australia. The trouble with online in the UK is the support and ongoing contact from the local agent and post sales. From what I saw its absolutely terrible. The cases I was involved with horrible and basically the clients liked it or lumped it. If they filed a complaint they would be offered a partial refund or if they pushed it even more and often a full refund. The firm Trust pilot is also very questionable, I've seen poor reviews removed due to a technicality. The majority of the complaints are lack of support from the agents and post sales. Although the training is excellent at Purplebricks almost the entire focus on the two week course is the sales pitch. There is almost no emphasis on support to the client. The second week of the course is entirely learn the pitch and get them to sign on the line that is dotted. Working with an online agent means long hours and little support and the money does not equal the effort if you want to do a good job. The agents that do well there don't mind selling and dumping and leaving HQ to try and pick up the pieces. The majority of the territory owners are really good and the lpes are mostly good but Purplebricks have seriously over hired and their attitude is throw it against the wall and see what sticks. At the regional training sessions the focus again was the sell not support. Clearly these online agents are focused on selling and not supporting and pumping and dumping the stock. Why have the online guys made an impact on the traditional? It's easy to answer that and it's advertising that's helped them make this dent in the traditionals piece of the pie. By spending many many millions on TV radio and internet it's gained market share. Advertising definitely works. The big boys like countrywide have rested on their laurels. But sequence I think is a different animal and will come through this turmoil quite well as they have good senior management from what I can see. In addition I see the small mom and pop agents surviving but some multi branch and small chains will fall by the wayside. In the USA the biggest problem Purplebricks has is that a lot of realtors don't work full time and these guys and girls make a hefty commission check from one sale. The average commission is say 5% and the realtor on average walks away with 65% of the total with the broker getting the remainder. So take a 200k sale the realtor gets 6500 when they sit down with the title clerk on closing. They sell one or two a month happy days. With Purplebricks they have to work full time for less than half that. In addition and this is looming they haven't been sued yet in the USA and they will. Another massive part of American business is customer service, they are the masters at this but Purplebricks seriously lacks it. Michael Bruce has said some pretty brutal things about the UK & US real estate markets and he's taken on a lot of powerful people with very deep pockets. His attitude in business is "it's better to ask for forgiveness rather than permission" In Australia the market is turning into a recession for housing and I see Purplebricks possibly using that excuse to withdraw from that market if it continues. In summary this shake up is ongoing. I see online as a viable option but not huge. The bad press will turn the tide on the online sector. People will use them but people will always buy Dacia. The traditional boys are rattled but they need to learn from this lesson and they will come through this but they have to be a lot better. Michael Bruce talks about online and only online but that's never going to happen. Traditional and online will be the two forces and people will decide which is better for them
From:
Steve James
13 November 2018 08:57 AM
Being an ex online self employed agent in the UK and worked in the USA as a realtor I have seen the different ways we do business. I've also had talks with emoov and yopa from a recruitment perspective. First off after chatting with emoov they came across in complete disarray. I received wrong emails from them and also the other communication was very poor. Their CEO Quirk is obviously clever and he can see the writing on the wall by trying to align himself with countrywide previously and he's burning through cash in his war chest. As for the chatter that emoov has a price tag of £100 million, that's crazy and very very unlikely that anyone is going to offer anywhere near that unless they are crazy to but crazy things happen, the brand emoov is worthless and tepilo probably in these conditions worth something. They both have no real assets apart from the Beeney name. For £15 million you can set up a very decent online model so why pay a premium? Yopa is happy to wait in the wings and pick up the pieces but they are clones of the Purplebricks model. My take is that online won't be a big player in its current form in the UK, USA or Australia. People buy Jaguar cars because they can afford them and they choose not to buy Dacia. This plays out in their other shopping habits and with who they choose to sell their home etc. For that reason I see this shake up still panning out in the sector in the UK but not the USA or Australia. The trouble with online in the UK is the support and ongoing contact from the local agent and post sales. From what I saw its absolutely terrible. The cases I was involved with horrible and basically the clients liked it or lumped it. If they filed a complaint they would be offered a partial refund or if they pushed it even more and often a full refund. The firm Trust pilot is also very questionable, I've seen poor reviews removed due to a technicality. The majority of the complaints are lack of support from the agents and post sales. Although the training is excellent at Purplebricks almost the entire focus on the two week course is the sales pitch. There is almost no emphasis on support to the client. The second week of the course is entirely learn the pitch and get them to sign on the line that is dotted. Working with an online agent means long hours and little support and the money does not equal the effort if you want to do a good job. The agents that do well there don't mind selling and dumping and leaving HQ to try and pick up the pieces. The majority of the territory owners are really good and the lpes are mostly good but Purplebricks have seriously over hired and their attitude is throw it against the wall and see what sticks. At the regional training sessions the focus again was the sell not support. Clearly these online agents are focused on selling and not supporting and pumping and dumping the stock. Why have the online guys made an impact on the traditional? It's easy to answer that and it's advertising that's helped them make this dent in the traditionals piece of the pie. By spending many many millions on TV radio and internet it's gained market share. Advertising definitely works. The big boys like countrywide have rested on their laurels. But sequence I think is a different animal and will come through this turmoil quite well as they have good senior management from what I can see. In addition I see the small mom and pop agents surviving but some multi branch and small chains will fall by the wayside. In the USA the biggest problem Purplebricks has is that a lot of realtors don't work full time and these guys and girls make a hefty commission check from one sale. The average commission is say 5% and the realtor on average walks away with 65% of the total with the broker getting the remainder. So take a 200k sale the realtor gets 6500 when they sit down with the title clerk on closing. They sell one or two a month happy days. With Purplebricks they have to work full time for less than half that. In addition and this is looming they haven't been sued yet in the USA and they will. Another massive part of American business is customer service, they are the masters at this but Purplebricks seriously lacks it. Michael Bruce has said some pretty brutal things about the UK & US real estate markets and he's taken on a lot of powerful people with very deep pockets. His attitude in business is "it's better to ask for forgiveness rather than permission" In Australia the market is turning into a recession for housing and I see Purplebricks possibly using that excuse to withdraw from that market if it continues. In summary this shake up is ongoing. I see online as a viable option but not huge. The bad press will turn the tide on the online sector. People will use them but people will always buy Dacia. The traditional boys are rattled but they need to learn from this lesson and they will come through this but they have to be a lot better. Michael Bruce talks about online and only online but that's never going to happen. Traditional and online will be the two forces and people will decide which is better for them.
From:
Steve James
13 November 2018 08:54 AM
I like the Red Homes model, I like the online and traditional too. I guess there is room for all. The problem was/is Purplebricks/Micheal Bruce started a war with everyone else and created a lot of animosity in the industry. Red Homes offering a great service can only do well. :)
From:
Steve James
01 November 2018 09:05 AM
Being an ex local agent with an online...
From:
Steve James
01 November 2018 08:36 AM
Being an ex online self employed agent in the UK and worked in the USA as a realtor I have seen the different ways we do business. I've also had talks with emoov and yopa from a recruitment perspective. First off after chatting with emoov they came across in complete disarray. I received wrong emails from them and also the other communication was very poor. Their CEO Quirk is obviously clever and he can see the writing on the wall for online and he's burning through cash in his war chest. Yopa is happy to wait in the wings and pick up the pieces but they are clones of the Purplebricks model My take is that online won't be a big player in the UK, USA or Australia. People buy Jaguar cars because they can afford them and they choose not to buy Datcha. This plays out in their other shopping habits and with who they choose to sell their home etc. For that reason I see a still huge shake up to happen in the sector in the UK but not the USA or Australia. The trouble with online in the UK is the support and ongoing contact from the local agent and post sales. From what I saw its absolutely terrible. The cases I were involved with horrible and basically the clients liked it or lumped it. If they filed a complaint they would be offered a partial refund or if they pushed it even more and often a full refund. The majority of the complaints are lack of support from the agents and post sales...like rat through an aquaduct comes to mind! Although the training is excellent at Purplebricks for example the entire focus on the two week course is the sales pitch. There is almost no emphasis on support to the client. The second week of the course is entirely learn the pitch and get them to sign on the line that is dotted. Working with an online agent means long hours and little support and the money does not equal the effort if you want to do a good job. The agents that do well there don't mind selling and dumping and leaving HQ to try and pick up the pieces. At the regional training sessions the focus again was the sell not support. Clearly these online agents are focused on selling and not supporting. Why have the online guys made an impact on the traditional? It's easy to answer that and it's advertising that's helped them make this dent in the traditionals piece of the pie. By spending many millions on TV radio and internet it's gained market share. Advertising definitely works. The big boys like countrywide have rested on their laurels. But sequence I think is a different animal and will come through this turmoil quite well as they have good senior management from what I can see. In addition I see the small mom and pop agents surviving but the multi branch and small chains will fall by the wayside. In the USA the biggest problem Purplebricks has is that a lot of realtors don't work full time and these guys and girls make a hefty commission check from one sale. The average commission is say 5% and the realtor on average walks away with 65% of the total with the broker getting the remainder. So take a 200k sale the realtor gets 6500 when they sit down with the title clerk on closing. They sell one or two a month happy days. With Purplebricks they have to work full time for less than half that. In addition and this is looming they haven't been sued yet in the USA and they will. Michael Bruce has said some pretty brutal things about the US real estate market and he's taken on a lot of powerful people with very deep pockets. In Australia the market is turning into a recession for housing and I see Purplebricks possibly using that excuse to withdraw from that market if it continues. In summary this shake up is ongoing. I see online as a viable option but not huge. The bad press will turn the tide on the online sector. People will use them but people will always buy Datcha. The traditional boys are rattled but they need to learn from this lesson.
From:
Steve James
01 November 2018 08:34 AM
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From: Steve James
03 December 2018 07:45 AM
From: Steve James
30 November 2018 10:38 AM
From: Steve James
29 November 2018 20:25 PM
From: Steve James
29 November 2018 20:20 PM
From: Steve James
29 November 2018 08:21 AM
From: Steve James
13 November 2018 08:57 AM
From: Steve James
13 November 2018 08:54 AM
From: Steve James
01 November 2018 09:05 AM
From: Steve James
01 November 2018 08:36 AM
From: Steve James
01 November 2018 08:34 AM