Door, a Dallas hybrid real estate brokerage, nabs $2.3 million in funding

  • Door, a Dallas-based hybrid brokerage, charges a $5,000 fee to buyers and sellers for providing the full range of traditional services, according to its CEO.
  • It closed 100 transactions during its first full year in business and thinks it can succeed where other hybrid brokerages have failed by providing the handholding expected of a traditional agent.

Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018

Another day, another hybrid brokerage funding round. Dallas-based Door, a high-tech brokerage that pockets only $5,000 for representing buyers and sellers, has raised $2.3 million to build on the momentum of a promising first year. It thinks it can succeed where other hybrid brokerages have failed, in part, by providing the same level of handholding as a traditional firm. Door closed about 100 transactions in 2016 and is on pace to generate more than $1 million in revenue this year, according to CEO Alex Doubet, a Harvard grad and real estate investor. Door currently employs eight salaried agents who earn base salaries approaching $50,000, plus a small fee on every closed transaction. They use common real estate tech tools, such as transaction management software, to increase productivity, with the average agent closing more than four transactions a month, according to Doubet. Seller clients receive the full range of traditional services, including in-perso...