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Updated over 8 years ago on . Most recent reply

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28
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10
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Justin C.
  • Dallas, TX
10
Votes |
28
Posts

Door: Non-Traditional Brokerage Firm?

Justin C.
  • Dallas, TX
Posted

So I saw this today in my Dallas-area newsfeed:

http://dallas.culturemap.com/news/real-estate/09-0...

It looks like the premise of the start-up is to fulfill the role of an agent and charge a flat fee as opposed to a 3%-6% cut of the transaction.

Has anyone tried using Door before, and what was your experience like?  I'm curious to see if experienced investors agree/disagree with the founder's arguments.  It strikes me that this company is trying to do with the real estate brokerage process what LegalZoom did to legal services in the early 2000s, and I'm curious whether this structure would provide the level of service you would want compared to a traditional agent.

Most Popular Reply

User Stats

145
Posts
67
Votes
Jorge Zea
  • Boca Raton, FL
67
Votes |
145
Posts
Jorge Zea
  • Boca Raton, FL
Replied

Door appears just to be a discount Real Estate Company. 

A real Flat fee MLS listing company will charge somewhere around $99-$500 (depending on the company) and offer no service whatsoever to the seller who will offer a commission to buyer agents and performs the tasks of the listing agent.

In my opinion this is the best format for BP investors, Most of people here are able to handle a showing, negotiation, review documents and understand them and close a deal. they don't need a Listing Agent.

Google Flat Fee MLS and you will find some good reputable local (licensed in your state) companies that will provide the service for you. make sure you deal with the State Licensed Broker directly and NEVER with a third party referral service. Unfortunately we are not licensed in TX and can't help you with this listing. we don't provide the service there.

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