Radius Agent founder Biju Ashokan explains how Radius Agent's open product-led model differs from closed networks at traditional brokerages like Coldwell Banker and Keller Williams.
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“For regular brokerages, they don't have the convenience of having a social network of agents using their products. So let's take a Coldwell Banker or Remax, Kelly Williams. They, only if you join them, you get, you're part of their social network. Unless you join them, you don't get to be part of their network, right? In our case, it doesn't matter which firm you work for. You can still sign up on our product and start using some of the tools.”
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More from Biju Ashokan
Insight
Ashokan: Percentage brokerage commissions make no sense for agent support
“It's the same amount of support. So paying a commission to your brokerage doesn't make sense to all.”
Biju AshokanFeb 22, 2022▶ 3:05The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Disclosure
Radius Agent reaches $50M post-money valuation, eyes Series B in 6-8 months
“We have a fifty million dollar valuation right now, and we want to close the series B in the next six to eight months.”
Biju AshokanFeb 22, 2022▶ 11:15The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
AssertionNot checkable as stated
Ashokan: Real estate agents stay with brokerages for an average of 3 years
“The average churn rate in this industry inherently is really good because it's every agent stays with a brokerage for two or three years. The average being three years, the only agents who churn are the agents who give up on real estate completely.”
Biju AshokanFeb 22, 2022▶ 16:38The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Disclosure
Radius Agent runs 10 pre-recorded recruitment webinars daily that look live
“It's pre-recorded, and it feels like it's a live webinar.”
Biju AshokanFeb 22, 2022▶ 8:27The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
PredictionNot checkable as stated
Radius Agent targets $10M run rate by end of 2022
“And we want to get to ten million by end of the year.”
Biju AshokanFeb 22, 2022▶ 12:03The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
AssertionNot checkable as stated
Ashokan: Radius agents increase deal volume from 6-8 to 12-15 transactions
“So what I can tell you is when agents join us before they join us, they average about six to eight transactions. Now they're averaging 12 to 15.”
Biju AshokanFeb 22, 2022▶ 18:15The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
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