Founders Onboarding
Here you can find the Onboarding Process for Co-Founders at Realiste Founders Program.

Block #1

What is Realiste?

Realiste — is a prop-tech company that develops an AI-powered property investment search platform, the biggest database of properties and investment data in the world available in 100+ cities, a transaction platform, and portfolio management capabilities for investors. Investors (retail and institutional) receive all data for decision-making, complimentary AI insights, and have the ability to transact (buy and sell) through the Realiste exchange platform.

Media about Realiste: here
Why it was impossible before?
Intersection with Three Global Trends

Realiste provides AI-powered investment property search, biggest database of properties and investment data in the world available in 100+ cities, a transaction platform, and portfolio management capabilities for investors.

Vision and mission

The mission of the company is to give people the last freedom, access to carefully curated risk-free investment opportunities in the property market. At Realiste, our goal is to revolutionize the transaction cycle in the real estate industry.

Our values

  • It is important for us to be in the field with our clients and partners, show all processes, and remain transparent and understandable.
  • Without goals and aspirations, we won't get anywhere. We set impossible tasks for ourselves and push our limits
  • There are always multiple paths. Our credo is to choose a rational one, moving boldly and changing direction if the result is not pleasing.
  • Only with a great team can you achieve something significant. A good team is not defined by a single strong player but by a collection of individuals


Founder and CEO, Alex Galt started his professional career as an owner of a real estate agency with a focus on investments.
He came across an ordinary plot of land that had caught the interest of an investor who was willing to pay well over the market average.
Alex was incredibly inspired by this encounter, realizing that people simply are unaware of real estate opportunities. He wanted to give people the freedom to make informed choices on where they live or on what investments they make.
Alex decided to merge those two worlds of AI and real estate by creating a platform that utilizes AI to deliver accurate data on global markets in relative instants. It happened in March 2022.

Company numbers

  • 340+ ↗

    transaction we closed for the past 8 months
  • $610k ↗

    Mounty Revenue of the Company at Sept 2023
  • 95%

    deals made 100% online
  • 2.5 ↗

    apartments per 1 client
  • $420.000

    median price of 1 apartment
  • $300k ↗

    Revenue per year of Realiste's CO

Business model

Online broker

Retail and institutional investors use the Realiste platform to obtain free and accurate AI analytics and market data to purchase an apartment. In exchange, Realiste takes the client's personal data and passes the mostly completed transaction onto the real estate developer, while receiving an average of 5% commission.
Transactional business model but not real estate agency
  1. Data is collected from developers about the apartments they want to sell — stock or inventory.
  2. The data is updated daily.
  3. We are able to convert this data from Excel sheets, PDFs for direct integration of this data to our platform in real time.
  4. The result is an open database of up-to-date data on new buildings
  5. The client can buy an apartment 100% online through the Realiste platform.
  6. Realiste acts as the nominal owner of the property on behalf of the client (similar to a broker on the stock market).
  7. The client can also sell the property purchased on the platform.
  8. Personal managers to guide investors through transactions, showcase the platform, and support them at every stage.
  9. This way, clients gain a better understanding of the platform's operations, and the company increases sales conversion.
  10. The developer pays a commission for the sale ranging from 2% to 10%.
With Realiste revenue comes from:
  • Commissions
    for the sale

    on the Realiste exchange platform (when a client sells his property, which he bought in Realiste)
  • Risk-free storage
    of clients' money

    on deposits with a percentage taken on these deposits
  • Other

    insurance, financing, investment leverage, paid subscriptions, etc.


Executive Profiles


    Task #1: Joining the Realiste Community

    Connect with the Realiste audience by joining communication channels and groups. Get to know the company by checking the latest news and joining chats. Subscribe to new messages and see who's already in the Realiste circle.
    This is the main public group of investors where we share the company's inside information with a wide range of people.
    This group is for short thoughts on the real estate market and can be used for arguments.
    Reveal knowledge about the real estate market and its principles of operation in simple language.
    This channel is about new projects and proposals in the UAE from developers and our project reviews.
    Block #1 is complete.
    Block #1 is complete.
    Block #1 is complete.
    Block #1 is complete.
    Block #1 is complete.
    Block #1 is complete.

    Block #2

    Products and services?

    This is an introductory video. After completing onboarding, you will receive full training on all the features of the platform.

    How Realiste AI works?

    AI Realiste is a self-learning algorithm tasked with evaluating any apartment in the world, considering local preferences (simulating the decision-making process of a buyer in a specific location) to determine the investment attractiveness of real estate.

    How Realiste AI Work? What Data Does the AI Use?

    AI Realiste is a self-learning algorithm tasked with evaluating any apartment in the world, considering local preferences to determine the investment attractiveness of real estate.
    1. Inventory of Developers
    2. MLS listings (for the US market)
    3. Building location (Latitude/Longitude)
    4. Project price class
    5. Building rating (in-house rating)
    6. Neighborhood class
    7. Apartment parameters up to 27 criteria (area, floor, repair, presence of a balcony, terrace, etc.)
    8. Apartment price
    9. Exposition period of unsold apartments
    10. Prices of sold apartments
    11. Exposition period of sold apartments
    12. Sold apartments count
    13. Liquidity of the apartment
    14. Segment liquidity
    Block #2 is complete.
    Block #2 is complete.
    Block #2 is complete.
    Block #2 is complete.
    Block #2 is complete.
    Block #2 is complete.

    Block #3

    Expansion structure (cities roadmap)

    The real estate sector is one of the least digitized industries globally. However, Realiste AI excels in addressing this challenge, as evidenced by the following indicators:

    • Over 2,000,000 listings are analyzed daily globally
    • Covering 6,000+ neighborhoods in 100+ cities worldwide
    • AI evaluates over 200 parameters
    • AI highlights the top 1% of properties and markets

    How the city expansion works?

    Expansion includes the following stages:
      1. City Selection
      Choose any city worldwide where Realiste has not yet established a presence. Realiste employs a data-driven approach to select the most captivating cities, typically from a list of the top 200 cities globally. However, under special circumstances, Realiste may consider cities that are not on the list if there are compelling reasons.
      2. City Partnership
      Inquiry Contact the Realiste team to verify if the chosen city is available for partnership.
      3. Signing the Term Sheet with Realiste Holding
      4. Seeking an Investor
      The investor and new founder must actively search for seed money or consider taking on the role themselves to secure funds for licensing in the city and facilitating the launch. The license encompasses rights to Realiste AI in the local area, the AI model with accompanying data, and all established business developments.
      5. Payment
      Upon company formation, the investor will receive a 10% stake in the new company and transfer the rights to the Realiste software license to the new company's assets. This involves a payment of $500,000 ($300,000 for the launch, and $200,000 for company development).
      6. Initial Program Launch
      Within 2-3 weeks, Realiste will initiate the first version of the program for the chosen city. This version will encompass most of the system's functionality, although the data may still be raw and imprecise.
      7. Company Setup
      The Realiste team and the investor will jointly appoint an agent to establish the new company. In this process, Realiste will obtain 90% ownership, with the investor retaining 10% in exchange for transferring the software license. Within three months, the Realiste team will identify a managing partner for the new venture, transferring necessary resources for operations. The managing partner will secure $300,000 to $500,000 from local investors and assemble a team. At this stage, the investor holds 10%, the managing partner 49%, and Realiste Holding company retains 51%.
      8. Transaction Documents
      9. Business Model Testing
      The managing partner will spend 3-4 months testing up to 5 potential business models in the market and select 1-2 models best suited for the local market.
      10. Scaling
      The founder must be actively involved in pursuing additional investments for the company, focusing on rounds A and potentially B. Realiste is open to adjusting the ownership structure if required.
      11. Sale of the Company
      If an offer to purchase the company operating in the city is received and both investors and the team vote in favor of the sale, Realiste will separate the product for that city from the main core. The product will be transferred to the ownership of a local company (IPBox) to facilitate its sale at a high valuation within the local market. The product will continue to operate in the same manner, but it cannot be used in other cities.

      What does the company plan to do in the city?

      Realiste AI plans to grow into a leading proptech company and become the best in the online sales of new buildings. The approximate economics of the company's growth, which may vary depending on factors such as the city, local VC environment, and market size, is as follows.

        How to read the table:

        • Revenue: The company's income from the sale of new buildings.
        • Sales costs: 40% of revenue calculated, taking into account the company's marketing expenses for customer acquisition and a maximum commission of 20% for the sales department.
        • Other income: Calculated as 20% of the expenses for the administrative part of the business, including employee salaries.
        • Net: Calculated as Revenue minus all costs.
        • Valuation: Calculated as Revenue multiplied by 10.
        • Investments are presented as a preliminary estimate, according to the table, they are not mandatory from the first year of operation. They are needed for faster growth

        Within a 1-5 year timeframe, the company has the following goals:

        a) Selling the Company to a Strategist: The company may be sold to a strategic buyer, potentially realizing a substantial return on investment based on the company's valuation at the time of the sale.

        b) Business with a 50%+ Margin and Revenue Share: Alternatively, the company can aim to operate profitably with a 50% profit margin. Shareholders would receive a share of the revenue based on their ownership stakes.

        c) Launch an IPO on a Local Stock Exchange: Another option is to take the company public through an initial public offering (IPO) on a local stock exchange, which can provide liquidity to shareholders and potentially increase the company's valuation further. The specific path chosen may depend on various factors, including market conditions, investor preferences, and the company's growth trajectory in the chosen city.
        Block #3 is complete.
        Block #3 is complete.
        Block #3 is complete.
        Block #3 is complete.
        Block #3 is complete.
        Block #3 is complete.

        Block #4

        Task #2

        Record a 1-2 minute video about yourself and answer the questions:
        1. Why are you interested in being the partner of Realiste?
        2. What have you been doing for the last 5 years?
        3. If you have projects that are currently generating income for you? How much time do they take?
        4. Tell us about your experience managing people.
        5. What problems have you worked on previously and how you solved it
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        Your intro video
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        Congratulations you've passed onboarding!
        We will look at your score and contact you within 48 hours after you drop the last task. Thank you for your time!