Sellers purchase listing services from Homecoin, and then Homecoin will list the seller's home on the relevant MLS. The seller will handle all inquiries and the remainder of the sales process.
According to most sources, Homecoin listing prices start at ~$100 per MLS listing.
Homecoin primarily generates revenue through flat fees paid on each listing as well as additional services for sellers such as photography, signs, and lockboxes.
Homecoin is privately held.