137 - How to Avoid Losing Money on Commissions When Selling Your Property with Amanda Orson

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨Join me, Nik (https://x.com/CoFoundersNik), as I interview Amanda Orson (https://x.com/amandaorson) about her company, Galleon, and its mission to shake up the world of real estate.We dive into why this massive industry has remained so stubbornly outdated, clinging to practices invented over a century ago and a commission structure that seems out of sync with today's technology. Amanda shares her vision for a consumer-driven real estate transaction, drawing parallels to disruptions in other sectors, and explains how Galleon is building a free and open marketplace that cuts through the traditional gatekeepers.We also explore Galleon's unique approach to identity verification and its innovative revenue model, moving away from hefty commissions. Find out why Amanda, a multiple founder, is taking a lean, "seed strapping" approach to building this potentially revolutionary company.Questions This Episode Answers:Why do you think Galleon is different from other attempts to disrupt real estate?What's the thing people hate the most about real estate?Why did they set the commission rates the way that they currently are?Why haven't they been able to disrupt the real estate industry before?How does Galleon work?Enjoy the conversation!__________________________Love it or hate it, I'd love your feedback.Please fill out this brief survey with your opinion or email me at [email protected] with your thoughts.__________________________MY NEWSLETTER: https://nikolas-newsletter-241a64.beehiiv.com/subscribeSpotify: https://tinyurl.com/5avyu98yApple: https://tinyurl.com/bdxbr284YouTube: https://tinyurl.com/nikonomicsYT__________________________This week we covered:00:00 The State of Real Estate Lobbying02:57 Disrupting the Outdated Real Estate Model05:52 Understanding the MLS and Its Gatekeeping08:47 The Economics of Real Estate Commissions12:01 Galleon's Unique Approach to Real Estate Transactions14:55 Navigating the Future of Real Estate with Technology18:10 Galleon's Marketplace and Revenue Model21:10 The Role of Vendors in Real Estate Transactions24:05 The Future of Galleon and Its Growth Potential