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Redfin fined $25,000

Apparently Redfin was fined $25,000 just recently by the NWMLS for multiple violations like - advertising agent's listings without their permission - etc.

Ouch.

Posted by Keely Jared on 04/01/2008 05:16 PM

Comments (8)

8 Comments on Redfin fined $25,000

APR

2008

Wow, fined $25,000! I bet that is pennies to them, but would sure hurt me! Good Information

Unless that was a different fine, I believe it was $50K. I could be wrong though.

Redfin fined $50,000

Fined and paying the fine, two different things.

Will be interesting to see how this plays out

Tony

Nope this is a new fine, the 50k was for other violations. Interesting indeed!

I would be curious to know how the MLS actually collects.

Hmm--Interesting. Maybe they need a little review of rules and reg's?

Good!Everyone should play by the rules.

It is always gret to see what happens to those that do not play by the rules!

APR

2008

Keely interesting news. I am glad they got caught. While I have no problem with a discount model, I think Redfin's model has serious flaws. Conditioning buyers to call the listing agent to do THEIR job is not a good business practice.

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