Ashokan: Percentage brokerage commissions make no sense for agent support
Biju Ashokan · The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation · Feb 22, 2022 · at 3:05
Biju Ashokan, founder of real estate platform Radius Agent, explains why the company charges a flat $1,000 fee per closed transaction rather than a percentage cut.
0:00 / 0:05exact quote · 5.1s
720p mp4 · rendered on demand · StarZero watermark
“It's the same amount of support. So paying a commission to your brokerage doesn't make sense to all.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Biju Ashokan
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.”
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.”
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.”
Radius Agent targets $10M run rate by end of 2022
“And we want to get to ten million by end of the year.”