Greg Geilman, co-founder and CEO of DOMO Real Estate, shares his highly unusual origin story, revealing he got his real estate license in 2006 but made the radical decision to quit his stable tech job to become a full-time agent in 2010. This was during the Great Recession, and his former boss literally laughed at his choice. However, this calculated risk proved successful, and he later co-founded DOMO Real Estate, a brokerage focused on the high-end South Bay of Los Angeles, including Manhattan Beach and Hermosa Beach. His success continues today; in 2024, his team generated a goal of $200 million and hit $168 million in volume.
Greg details his strategy for winning in the competitive luxury space, which is built on a tech advantage and authentic culture. Coming from a technology background, he relies heavily on Pay-Per-Click (PPC) advertising, a channel he believes is still wide open for new agents. He dismisses the idea that it’s too late to enter the PPC game, noting that new offices can start small, with budgets as low as $1,000 a month. He and his co-founder focus on building a sustainable, profitable business by running incredibly lean: the brokerage aims for $200 million in sales with just two main staff members, plus a virtual assistant and a part-time fractional CTO to manage tech integrations.
A core part of DOMO’s success is its unique approach to agent performance and retention. Greg admits he is “afraid of scale” and fiercely protects the firm’s authentic, helpful culture. To enforce accountability in a way that aligns with his non-militant style, he implemented a simple, effective system: agents must make a minimum of 50 calls a week to anyone to qualify for leads the following week. This focuses on habit formation. He emphasizes that the core of the business is the human nervous system, not data, and that by providing “approachable luxury”, the firm helps people feel safe during the stressful transaction.
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