Door.com is a discount real estate brokerage that offers reduced price listing fees for sellers. Door.com is owned by one corporate entity and does not operate franchises in the US.
Buyers and sellers work with Door.com to buy or sell their home. Door.com provides the buyer or seller with an agent team who helps them with every stage of the process for buying and selling. Door.com also provides buyers and sellers with their own portal to work with agents to track progress and collaborate on the home purchase or sale.
Door.com charges a 1.5% commission to sellers on closing, compared to the industry average of 2.5-3%. Sellers still have to pay a normal buyer's agent commissions. Originally, Door.com offered a flat $5,000 fee for either buyers or sellers working with them.
Door.com primarily generates revenue through real estate commissions from buyers and sellers paid on a successful home purchase or sale.
Door.com is privately held.
Door.com employs agents as full-time employees. As a result, agents are paid a salary and smaller sales commission by the brokerage rather than being paid entirely based on sharing commissions via a traditional commission split.
Door.com employs agents as full-time employees rather than independent contractors.
Door.com laid off 37 agents in January of 2020, prior to the Covid-19 pandemic.