September 03, 2024

Why Redfin Believes Sitzer's Startup Will Fail | The Real Word 333

37 minutes

Byron Lazine and Nicole White discuss Landian—a new startup co-founded by Josh Sitzer, the same Sitzer in Sitzer/Burnett, to give consumers the option of paying a flat fee for the services of a licensed real estate agent—and how Redfin is reacting to the news.

Byron Lazine's New Agent Training Program: https://bamx.ai/byron-lazines-new-agent-training-program

Join us at BAM Mania! The Must-Attend Real Estate Event Of The Year: https://brokeagentmedia.lpages.co/bam-mania-2024/

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe

Use discount code REALWORD for 10% off your annual subscription!

_______

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine:

https://www.instagram.com/byronlazine

Connect with Nicole White:

https://www.instagram.com/nicolewhite.ct/

This episode's sources:

https://nowbam.com/sitzers-new-startup-charges-49-per-home-tour/

https://techcrunch.com/2024/08/30/redfin-is-already-trying-to-defend-against-a-new-flat-fee-real-estate-startup/

https://landian.co/

Timestamps:

00:00-01:18 Intro

01:18 TOPIC 1: Sitzer co-founds a startup to provide flat-fee real estate services

13:58: Reading off Landian’s services: $49 per home tour, $199 for an offer prep sesh

17:28 “Here’s the big thing…this is where Landian is going to find…”

18:33 “What broker is going to say, ‘Yeah, I want 20% of $49…’?

23:01 Redfin’s thoughts on the flat-fee model (response through TechCrunch)

25:16 “If the buyer/customer wants the same expertise… morning, noon, and night…”

27:56 Will Landian land with some consumers? Redfin is saying, “We tried it; it didn’t work.”

28:38 For Landian to succeed you have to get control of the agent.

———

BAM PARTNERS

𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/

𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/

𝐒𝐮𝐦𝐦𝐢𝐭 𝐕𝐀 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: Leverage your business with a REAL ESTATE-TRAINED Virtual Assistant → https://www.summitvasolutions.com/byronlazine-referral

𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://trial.propstreampro.com/bam/

𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners

𝐒𝐢𝐞𝐫𝐫𝐚 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐯𝐞: Solutions That Maximize ROI. SEO powered IDX websites and a predictive CRM driven by marketing automations that help you capture, convert and close. Faster. Let's Chat → https://get.sierrainteractive.com/bam

𝐅𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐬: Maximize tax savings, reduce administrative burdens, and increase take-home pay with a financial management solution specifically for real estate agents: https://get.formationscorp.com/bam

———

#SitzerBurnett #realestateservices #Redfin

...more

View all episodes

By The Real Word

4.6

4040 ratings