Huming Gu

I am a flat-fee, full-service real estate agent. In my pricing model, buyers pay a $150 upfront showing fee per house and $1,500 for the rest of the process. Sellers pay a $3,000 commission to sell a house. With the rapid growth of the internet, it has never been easier for consumers to access house listings and related local information. Today, more than 90% of real estate transactions begin with internet searches. Consumers are more educated and self-directed than ever before. Because consumers now do so much early preparation work on their own and because housing information is so readily available, the role and workload of real estate brokers and agents have diminished. Also advance in technology have made the transactions simpler as well. However, most real estate brokers and agents still take a 3% commission. We believe there is a demand for a flat-fee real estate agent ...