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Scotia Wealth Management

Disrupting the Real Estate Industry with Robert Price

THE RICHARD DRI PODCAST

April 27, 2021

On this week’s episode, I am joined by Robert Price, Founder and CEO of Bode Canada, an online real estate brokerage that is really disrupting the industry as it makes selling real estate simple, transparent and more economical.  In our conversation today, Robert shares a great deal of information about Bode, including its current status and finances, plans for expansion, biggest challenges as a start up, and its original and potential future funding.  Robert goes on to offer his perspective on companies such as Zillow entering the Canadian market, the low points in his journey with Bode and what he would have done differently, and how he explains Bode to real estate agents and brokers. Our interview draws to a close with Robert sharing the ways in which he invests and protects his money, and his definition of financial independence.

LISTEN TO THE PODCAST – DOWNLOAD THE TRANSCRIPT

Highlights:

  • Bode Canada introduces change to the industry by empowering consumers with the right data and tools to help them with buying or selling real estate.

  • They currently have about 125 listings and $80 million of property value in their marketplace.

  • Some of the lows for Robert and Bode is really having an unlimited number of ideas, but not being able to pursue them all immediately.

  • The majority of Robert’s holdings are in an index fund.

  • His definition of financial independence includes having enough balance that he still keeps close relationships with his family and friends, and that he is able to travel, be fit, and give back in the community.

Quotes:

“Leading first-world countries that are similar to ours that already have no buy-side at all, showing that buyers can feel confident buying themselves if they’re empowered.”

“Our biggest challenge, more than profitability and more than anything, is having more and more really happy customers at scale that builds that word of mouth.”

“Our model will create a more evolved and more interesting role for the agent in the future.”

“I have a number of investments in other small start up businesses, where I invest in people that I know and trust and have been successful, have a track record of success in the past.”

“I think the passion for what you do and how you go about your business is the first thing. And then if you’re successful in doing that, the money will come with it.”

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Listen to more podcasts by Richard Dri:

From Lawyer to Drug Discovery Entrepreneur with Christina Barbato

Guiding Growth in Business and Life with Jayson Schwarz

Raising a Successful Family Law Practice with Sarah Boulby

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