Idea: Zillow for commission(s)

Description

This project aims to create a platform similar to Zillow but focused specifically on showcasing and comparing real estate commissions charged by agents or brokers in different markets. The Minimum Viable Product (MVP) could include a simple website where users can input their locality and view various commission rates, alongside reviews of agents. Key features might involve user-submitted data, a basic database for storing commission information, and a comparison tool to help users identify the most cost-effective options. The website could also include educational resources about commissions and how they affect real estate transactions.

Ratings

• Business: 4
• Learning: 5
• SideProject: 3

Rating Descriptions

Business: There is a strong market for transparency in real estate, especially regarding commissions, which can vary significantly. If executed well, this platform could attract real estate agents looking to differentiate themselves and potential clients seeking the best value. However, it would need a solid marketing strategy for widespread adoption.

Learning: This project offers valuable insights into web development, data management, and the real estate industry. Founders will gain experience in user research, understanding market dynamics, and developing a product that meets specific user needs, enhancing both business and technical skills.

SideProject: While the concept is straightforward, building a user-friendly platform that collects and displays data requires more time than just a week. The technical requirements, such as developing a database, creating an engaging user interface, and ensuring regulatory compliance within real estate transactions, add complexity to the build process.