Regentology Vs Realtor.com

The internet is flooded with real estate platforms. With advancements in technology, the real estate industry has been transformed. Everything from real estate markets to generating leads is digitalized. In this blog we have discussed the comparison b/w Regentology vs Realtor. 

Now the question is, how do you manage to keep up with the ever-changing technology? With so many real estate referral networks on the web, it can get pretty confusing. Consumers use the internet for everything; from browsing homes to gathering financial advice on real estate. As a realtor, your job is to satisfy consumer requirements. For that, you need a real estate platform that helps you in delivering customer satisfaction. 

Our focus today is on discussing the two platforms of the real estate industry: 

Realtor.com and Regentology. Let’s analyze which one serves the best

Realtor.com

Opcity was founded in 2015 by founder and CEO Ben Rubenstein. The company was acquired by Move Inc, as a part of “realtor.com”.  in 2018 for $210 million. It continued to operate as a separate entity until 2019–2020 when it was incorporated. Avail, a software company, was purchased by Move in the same year. 

How Realtor.com Works

Realtor.com is a real estate app with features for anyone looking to buy or rent a house. You may search for homes for rent or sale anywhere in the United States using its search feature. The main features are discussed down below

i- My Home Feature

The My Home dashboard allows property owners to manage their homes. They can compare it with other properties in the area and keep track of their home’s worth. 

ii- Buying, Selling, And Renting Services

The website offers various services under real estate segments. The major categories include buying, selling, renting, and mortgage services. It serves as a portal for people who want to list their properties on the website for selling or renting home. Similarly, parties interested in buying can opt for homes available for sale. A few issues have been observed under these categories by the users of realtors.com.  

• Know that you won’t be an exclusive real estate agent when using realtor.com. Your leads will likely be distributed to several agents at the same time. This can lead to fierce competition among agents‌ resulting in one of your customers being taken away from you.
• The selling listings on the website do not include the home value estimate. An estimate of the value can better tell buyers about the home’s actual worth. 

iii- Mortgage Services 

Realtor.com connects those opting for mortgage and pre-approval services with the concerned loan officers. You can estimate the price of your home and the monthly mortgage payments to be paid on it. So this is one of the comparisons of Regentology vs Realtor. 

iv- Advertising Services 

Realtor provides advertising services to five categories: Agents, Brand advertisers, Lenders, Brokers, and Builders. 

v- Costs

Non-exclusive leads start at $200 per month on average, while exclusive leads cost $1,000 per month on average. One issue regarding pricing consists of 6-month vs 12-month packages. Connections Plus requires a six- or 12-month commitment. When evaluating your budget, keep in mind that you will be required to pay for at least six months of service.

Regentology

The idea of Regentology was refined and deployed on Jan 1st, 2021 by founder Usman Sayed. The company is currently valued at $100 million. His mission is to connect highly opinionated, on-the-go consumers with the best professionals based on their needs. Regentology combines technology and a human-powered approach to link consumers with the best real estate, mortgage, and insurance professionals in the area.

How Regentology Works 

Regentology is a referral network.

i- A Referral Network 

To deliver potential prospects to real estate brokers; regarding budget, timetable, desired location, and related data are delivered. To create leads with Regentology, you don’t need to bother about digital marketing, Facebook ads, or complicated channels. Only pay a referral fee if the deal closes. 

ii- Buying and Selling Services

Regentology provides buying services by allowing you to work with buyer agents in your area. Interested parties have to fill out the form to get a free consultation. Similarly, selling a house is done quickly and easily with Regentology. It connects you with a suitable realtor in your area. 

iii- Home Loan Services

The third category of service Regentology provides, is connecting with suitable home loan officers. Local mortgage partners assist prospects in finding the right type of mortgage program for them. 

iv- Insurance Services

Regentology agent partners help you select the appropriate homeowner’s insurance policy to safeguard your house and valuables in the case of a disaster. Insurance partners shop for the best prices and a policy that suits yours needs to secure your home.

v- AI-Based CRM 

Regentology’s AI-based CRM provides top-notch services. It allows you to import databases from any CRM. The CRM provides you with drip campaigns, task management, and pipeline management. Lead and activity notifications are delivered consistently. Allows you to collaborate with teams. Email and text templates are given. You’ll also be able to track clicks and deals. The calendar will organize your appointments. The CRM comes with Twilio integration. Lastly, you’ll receive voicemail drops and SMS/MMS. 

You can automate engaging follow-ups and obtain engaged replies from your leads with Regentology’s multi-channel follow-up campaigns. So this is also one of the main points of comparison between Regentology vs Realtor.

vi- Costs

There are three types of costs that Regentology provides. These are packages designed for a realtor, a team, or a brokerage. Other than that, there are no additional costs. Unlike other platforms, Regentology does not charge you on a monthly or yearly basis. 

A Realtor

This package requires a one-time sign-up fee of $299. Regentology charges a 25% referral fee on deal closing. The realtor will be able to use AI-based CRM. The package supports marketing campaigns and automated follow-up. Support is available 365 days. The realtor gets the following access: Title & Escrow. Home Inspector. Home Improvement.

The sign-up fee is nonrefundable. 

A Team

This package requires a one-time sign-up fee of $4,999. Regentology charges a 25% referral fee on deal closing. This package gives the advantage of lender access which is not available in the Realtor package. You’ll have AI-based CRM. The package assists with marketing campaigns and automated follow-up. Support is available 365 days. The realtor gets the following access: Title & Escrow. Home Inspector. Home Improvement.

The sign-up fee is nonrefundable. 

A Brokerage

This package requires a one-time sign-up fee of $9,999. Regentology charges a 20% referral fee on deal closing. This package gives the advantage of both lender access and insurance agent access, which is not available in the other packages. You’ll get AI-based CRM. The package assists the realtor with marketing campaigns and automated follow-up. Support is available 365 days. The realtor gets the following access: Title & Escrow. Home Inspector. Home Improvement. So this is also one of the main points of comparison between Regentology vs Realtor.

The sign-up fee is nonrefundable. 

Summing It Up

Regentology and Realtor.com are two fine platforms for the real estate industry. Realtor is an established company acquired by Move Inc. It is well-recognized and famous for what it does. While it is a 7-year-old company, Regentology has been on the market for only 1.5 years. Within this short span of time, the company has achieved a lot. It has shown impressive growth skills in North America.  The 97.76% satisfaction ratio as of March 2022 speaks for itself. The company has been receiving good reviews consistently and is yet to grow to its full potential! Apart from this read our blog on Pay at Closing For Real Estate.