Arizto Real Estate

Arizto bucked a system that began with the Land Agents Act of 1912 and the Real Estate Institute of NZ in 1915. Founding directors Pernell Callaghan and James Bailey set up shop with a handful of staff in Auckland in 2018. It was a modest start. Thirty-odd listings a month. Growth came and went – the covid pandemic didn’t help – but Callaghan and Bailey were on to something. These days Arizto carries 750 listings a month and is sixth on the real estate listings ladder. It has agents in every corner of New Zealand.“We’ve broken the mold,” said Callaghan in the early days, “redefining what a real estate company can be with the assistance of technology and a team of passionate, forward-thinking individuals who consistently strive for innovation.” So what did Arizto do that was so different? Significantly, it upended the real estate apple cart by introducing a fairer commission structure with a flat fee on sales, and no upfront cost. On a million-dollar sale it works out at a commission fee of $23,000. “But while the cost is much less, we do not compromise on premium on premium sale price or a personalised service, open homes, buyer viewings or negotiations.”