Startup Sense Podcast

For anyone that has bought or sold a residence they are familiar with the traditional 6% commission which typically gets split between the buyer's agent and the seller's agent. The team at Door wants to change that. Door charges a flat $5,000 fee regardless of the property value which means a $630,000 home (which is their average transaction value) would normally generate $37,000+ of fees but with Door the buyer and seller are both saving a ton of money. Door has also reinvented the way that agents get paid...instead of working on straight commissions, their agents receive a competitive salary plus bonuses. Also keep in mind the average real estate agent only does 3-4 transactions per year but the average Door agent is doing 3-4 per month which means your Door agent has much more experience. Door did their first transaction in early 2016 and just 18 months later are approaching $100 million of total transaction volume. Door is based in Dallas, TX and has raised $3.1 million from investors.  In this interview