Weekly Radar #306: Is Now The Time For Cutting Out The Agent?, Bidding For Listings, World Climate War II

Weekly Radar #306: Is Now The Time For Cutting Out The Agent?, Bidding For Listings, World Climate War II
Image generator: DALL-E Prompt: image showing a request for proposal submitted by four different real estate agents

In this Weekly Radar, we cover:

  • Companies like 280 Earth and Neustark, which raised $69 million for carbon mineralization, innovate in decarbonization, but their existence may conflict with the goal of completely eliminating carbon emissions.
  • In a rough time for startup funding, peer practice pitches would be a great way to gear up for the re-opening of VC's time/calender at the end of summer.
  • Modern Realty aims to eliminate traditional agents with software that cuts transaction fees to 0.3% but past failures highlight a significant challenge of making it profitable.
  • Despite potential merits, Redy's marketplace where agents pay to represent sellers model faces criticism for attracting difficult, price-conscious sellers that may not be a broad solution since it depends on sellers understanding the importance of thorough vetting.
  • The GEM Proptech Index had a combined market cap of $233.652B, a 0.12% decrease from the previous week. 

As always, links surrounded by the ❇️ emoji indicate exclusive GEM Diamond content. If you would like to have access to all links, please consider GEM Diamond membership.

Geek Estate Blog Recap:

Proptech Meets the Camino in May 2025
In the GEM Diamond community, we go deep on relationship building. A great example of this is adding our first international excursion to the calendar... GEM Walks the Camino, a seven-day journey starting in Sarria, Spain and ending at the Cathedral Santiago de Compostela. Taking place…
More than Just Words: AI Tools Suite for Better Real Estate Transactions
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Purlin] Purlin offers a suite of AI tools that improves efficiency in real estate transactions by facilitating communication and collaboration among real estate agents, clients, and settlement providers.…
Crowdfunding Campaign for Resettled Refugee Rental Marketplace
ReHome is a marketplace platform that helps resettled refugees by accelerating successful matches with secure rental homes. They help landlords and resettlement agencies bridge the gaps in their communications and clearly align timelines. They are currently raising funds to expand their mission to power the…
Vertical Software Benchmarking
For those interested in benchmarking your company’s stack, Michael Yang and the team at OMERS Ventures are partnering with Mosaic, Benchmarkit and Luke Sophinos to gather the data for a set of cross-industry benchmarks for vertical SaaS and software businesses. By participating in this survey, you’ll help yourselves and other founders like you: Know your goalposts…

Transmission Recap:
This week, Tim Dain posits that now is the time to bring a comprehensive API library to the forefront of the residential real estate industry. Before that, Drew Meyers detailed how value aggregation playing out in the evolving brokerage landscape, and provide a few ideas for revenue tech leaders to use the strategy in their GTM efforts.