TEMPE, AZ (AZFamily) — A growing number of Arizona homeowners are using artificial intelligence to manage their home sales, bypassing traditional real estate agents in favor of a new platform called Ridley.
Ridley recently launched in Arizona, Colorado and Florida. The platform charges a flat fee between $1,500 and $4,000 to sell a home using AI — compared to the standard 3% commission most real estate agents collect from sellers.
How the platform works
On a $500,000 home sale, a seller’s agent commission at 3% totals $15,000. Buyers’ agent commissions can add another $15,000 on top of that.
Ridley CEO Mike Chambers said he developed the concept while preparing to sell his own home in Colorado and questioning whether agent commissions reflected the value being provided…