Benefits of Free Companies?

I know free companies are a sub-community; but what is their main purpose? How can we best utilize them? How do we gain rank as a free company?

Well beside the social aspect and putting things together, when a company is rank 5 it can spend company credits to give its members perks such as +5% exp gain for the day and many other things

When are we going to be able to purchase Free Company Estates? I thought FC housing was supposed to be in at Launch and other housing would come "later". So far I haven't seen any word on the subject.

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Originally Posted by Liavain_Axon

When are we going to be able to purchase Free Company Estates? I thought FC housing was supposed to be in at Launch and other housing would come "later". So far I haven't seen any word on the subject.

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The housing will be added all at once, in patch 2.1