Door.com is a Dallas-based savings broker, offers consumers listing savings and buyer's refunds in select areas across Texas.
Door.com offers consumers listing savings to sellers ($5,000 flat fee) and buyer’s refunds (estimated 32% commission rebate)
Door.com is a consumer-focused real estate agent that successfully represents consumers across Texas and offers sizeable savings. Door.com Agents are salaried client-service focused employees measured by customer satisfaction who are not motivated by commissions.
Door claims that it is able to get a home on the market 7-days faster than traditional agents. Door.com service includes posting home on the MLS and MLS Aggregator services, professional photos and 3D images in addition to all typical services offered by a traditional real estate agent.
Door.com gives sellers access to a well-designed dashboard with great communication features. For Buyers, Door.com offers real-time listing notifications, on-demand home tours and a client web portal for monitoring the purchase process - making it easier to find and buy homes. Overall Door.com offers an excellent proposition to Buyers and Sellers alike.
A multi-state broker, a full-service company rebates buyer part of the commission it receives, where allowed, and provides listing savings to sellers.
As of November 2019, Altisource (NASDAQ: ASPS) has stopped all operations of Owners.com website, and the company no longer offers real estate representation services to consumers in the United States.
Owners.com and Altisource (NASDAQ: ASPS) as a parent, is one of the largest real estate agents and referral networks in the United States that offers service of a traditional agent with a competitive commission.
Owners.com sells over 25,000 homes a year, however, out of all transactions originated by Owners.com, an undisclosed number are referred to third-party brokers. Owners.com states that “in some areas, we undertake to arrange for you to enter into an agreement for such services with a local licensed broker or agent who may be an unrelated third party.”
When consumers work with Owners.com listing agent the listing includes posting home on the MLS and MLS Aggregator services, professional photos, 3D tour and all typical services offered by a traditional real estate agent.
Owners.com Partner Program
Where Owners.com cannot directly serve consumers, the company relies on a referral network of independent agents at other brokerages.
The company states that it “will inform you that we are referring you to a third party and you have the opportunity to decide whether to work with that third party.”
Owners.com does not specify the referral fee percentage split these agents pay to the company in exchange for user leads, it is most likely 25%-40% of the agent’s entire commission.
Once Owners.com refers a customer to a Partner Agent, that agent, not Owners.com, represents the customer from the initial meeting through closing.
Owners.com dictates that Partner Agent commission rates are set at 2% for all independent real estate agents who want to participate in the Partner Program.
In the United States, all independent brokerage fees are always negotiable and each real estate agent establishes its own policy for a fee structure, amount of commissions, and the sharing of any listing commissions.
Price fixing is prohibited by antitrust legislation. To fix, control, recommend, suggest or maintain commission rates or fees for other agents' services is an improper practice.