PERTH: RateMyAgent (RMA) announced the promotion of Michael Davey to the role of Chief Executive Officer and the resignation of Mark Armstrong, who will stay as an Executive Director and concentrate on the near term strategy for penetrating the US.
RateMyAgent is an Australia-based review platform expanding rapidly in the United States and New Zealand.
Michael is already the Chief Operating Officer and came to RateMyAgent from Seek where he spent 10 years in various roles.
RMA Chairman, David Williams said: “Michael has been COO at RateMyAgent since July 2018 and has done a fantastic job focussing and growing the business. In the last few months, we have changed our revenue model in Australia and introduced new products that add significant value to agents and sellers of real estate. Michael has driven these changes and we are confident these will translate to additional revenues and paid agent subscriptions.”
Mr. Williams said, “Having Mark Armstrong on the Board only will allow him more time to focus on the strategy for our US business. That business is growing strongly in agents on the platform and number of vendor reviews.”
Michael Davey said, “We already have the majority of Australian agents on our platform so my near term focus is servicing them with more valuable products that help them promote themselves and their properties for sale. In addition, improvements in our approach to the US market has yielded significant growth in agents on our platform and my near-term focus is to get 100,000 agents on our platform as quickly as possible and hopefully by year end.”