GoldenKey has executed real estate service transactions across 22 states
Tommy Sowers · EP 490: GoldenKey $3.4M Raised, 1000 Units Sold By Agents Using New Technology with CEO Tommy Sowers · Nov 26, 2016 · at 13:26
Tommy Sowers explains GoldenKey's geographical expansion as an unbundled real estate platform rather than a traditional brokerage.
0:00 / 0:02exact quote · 2.7s
720p mp4 · rendered on demand · StarZero watermark
“We've executed transactions in now 22 states.”
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 Tommy Sowers
Real estate agent fees destroy over 50% of home equity
“If you use an agent to buy and sell a home, you actually destroy over 50% of your home equity and the fees that they charge.”
GoldenKey claims zero customer acquisition cost for supply and demand
“I, you know, customer acquisition costs on both supply and demand is zero.”
GoldenKey's agent network is 60% larger than Redfin's after one year
“To give that some level of context, Redfin has about 1100 agents. So we, in a, in about a year, we're 60% bigger than Redfin.”
Top 5% of real estate agents earn 90% of commission income
“It's super Pareto inefficient. The top five percent earned 90%.”