When Wes and Laurel Duquette set out to purchase a home for the first time, the couple chose not to work with a real estate agent.
“We didn’t find an agent to be much of an advantage, yet they’re so heavily compensated for what they do,” Wes said.
Instead, they turned to Open Listings, a Y Combinator-backed start-up that replaces most of what agents do with an online platform. The Los Angeles company helps customers find a home on their own by creating a personalized feed of available properties that meet their requirements, and sending them emails of open houses.
It’s free for customers to use the service. Once a home has been purchased, Open Listings refunds customers half of the commission it receives from a successful transaction.