Welcome to Shay
Aug 17, 2024
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Announcing the Launch of Shay
Today, we are excited to announce the launch of Shay, the first self-representation platform that enables homebuyers to buy a home without a real estate agent. Following the landmark commission-sharing settlement between the National Association of Realtors (NAR) and the plaintiffs in the Sitzer-Burnett case, homebuyers stand to save significantly by representing themselves. By providing step-by-step guidance and AI-powered tools, Shay helps buyers handle every aspect of a real estate transaction on their own.
Prior to the settlement, industry standards mandated that a seller’s agent make a general offer of compensation to the buyer’s agent. Now, the homebuyer bears the responsibility of paying their agent’s commission, a cost that will be significant and surprising to many buyers.
Shay provides an alternative solution. By self-representing themselves in a transaction with our platform, homebuyers have the potential to save tens of thousands of dollars. Homebuyers have access to the following key features on the Shay platform:
Customized navigation: Each Shay user receives a customized task list that guides them through every step of a real estate transaction, from mortgage pre-approval to closing on their home.
Comprehensive guides: Shay features over 20 in-depth guides on common real estate topics, giving buyers knowledge and confidence at every step of the transaction process.
AI-enabled tools: Leveraging advancements in leading large-language models, Shay enables homebuyers to complete critical real estate tasks including generating offers, conducting local due diligence, scripting negotiations, and reviewing agreements.
Shay is available starting today, offering free access to a custom navigation platform and in-depth guides. For $500, homebuyers can upgrade to Shay Surge, which unlocks access to all our features and tools. Homebuyers can sign up for a free account here.