Redfin is a full-service real estate brokerage.
Redfin’s business model to undercut competition is based on sellers paying Redfin a discounted fee, either 1.0 or 1.5% to list the seller’s home.
This does not include an additional fee charged to the seller to compensate the brokerage representing the buyer. This latter fee usually is in the 2.0-3.0% range.
Buyers who buy with Redfin also get a portion of the brokerages’ commission back (called the Redfin Rebate) that can be applied to their closing costs or in the form of a check after they close on their home tax-free.
Redfin was founded in 2004 by David Eraker, Michael Dougherty, and David Selinger.
The Seattle-based company went public in August 2017. Glenn Kelman is the CEO.
Company URL:
https://www.redfin.com/
Wikipedia URL:
https://en.wikipedia.org/wiki/Redfin
Company Reviews:
https://www.trustpilot.com/review/redfin.com
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