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Rainmaker
631,708
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

They are a darling of Wall Street. You need to Google them to completely understand their business model . I personally question their business model's long term viability 

Nov 21, 2019 01:32 AM
Rainmaker
1,553,094
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

They attract & hire...

New agents with no experience.

Long time agents that can't hack it.

No one worth their salt would want to hire on to them. You simply earn more with a another broker and way more with a no split broker like mine. I value meand my skills/experience more than Redfin could ever.

 

Nov 20, 2019 09:55 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Need to know who I'm talking to so the information shared might be used responsibly.

Nov 21, 2019 04:36 AM
Rainmaker
5,238,990
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Enough to know I don't want to know anything more!

Nov 21, 2019 04:18 AM
Ambassador
3,167,614
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

they aren't in my market.  I live in small town America and we're little fish

Nov 20, 2019 11:10 PM
Ambassador
6,417,409
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Not interested in playing in their game.

Nov 20, 2019 08:44 PM
Rainmaker
1,322,984
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have no intention of praising or criticizing Redfin in this or any other forum.

Nov 21, 2019 09:11 AM
Ambassador
2,071,156
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

They have a customer rebate business model.

Some people shop at Target, some at TJMaxx, Macy's, Nordstrom's and Sakowitz. There's a business model out there for everyone. 

Nov 21, 2019 05:49 AM
Rainmaker
1,846,901
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I just know from dealing with them, it is real estate hell. You never know what agent (or level of experience within their team) is going to show up to complete a buy side requirement. It's just horendous. 

I wouldn't think of even going there.

Nov 21, 2019 05:33 AM
Rainmaker
759,485
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I would never. There is a saying, "I'm not an elephant, I don't work for peanuts".

Nov 21, 2019 04:59 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Redfin is quite famous here.  An agent that I know from a previous brokerage joined them and she is not happy.  I'm not sure whether she is still there or not.

Nov 21, 2019 04:26 AM
Rainmaker
5,112,471
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

What Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets said. I couldn't have said it better. 

Nov 21, 2019 04:21 AM
Rainmaker
4,900,966
Richard Weeks
Dallas, TX
REALTOR®, Broker

No knowledge here.

Nov 21, 2019 03:49 AM
Rainmaker
5,772,581
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I cannot comment on someone's business plan without knowing it fully, and different people fit different models. A

Nov 21, 2019 07:28 AM
Rainmaker
2,399,936
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Nothing and nope.

Nov 21, 2019 06:40 AM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Nothing to say. Never had any deals with that company.

Nov 21, 2019 10:34 AM
Rainmaker
1,241,754
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

The contract agent does not make much may be 25% of entitled commission to your broker.  You get another cut. Want to try do it FT salaried, benefited working for them logging in 200,000 mile a year.

The company has not been profitable for years. Will sell or merge utimately with this discount model-1% fee.

Nov 21, 2019 10:12 AM
Ambassador
3,349,404
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Whatever I know stays with me. I am not a Redfin Agent nor would I ever be as Redfin does not fit my business model. 

Nov 21, 2019 08:34 AM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

My clients are my friends. I have spent, and continue to spend, thousands of hours in upgrading what I know so I can be the most competent broker to help my friends.

I don’t know how competent Redfin agents are. For their clients sake I hope they can offer their discount and still be as competent as their clients deserve.

Nov 21, 2019 08:17 AM
Rainmaker
2,784,566
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

What will serve you better are subjects that matter to you personally

Nov 21, 2019 07:22 AM
Rainmaker
469,510
Dan & Laurie Pittsenbarger Team
Keller Williams Western Realty - Bellingham, WA
Lakeside & Coastal Single Family Homes

If want a Job with a salary - why bother to get into real estate. A significant point of becoming a Real Estate agent is the ability to create as large of a business you want. RedFin tends to make their agents into more of an employee model than a business owner.

Nov 21, 2019 07:02 AM
Rainer
340,453
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

Discount brokers have come and gone as far back as I can remember. Perhaps they are just different enough to stay in business- but right now, I just don't see it.

Dec 20, 2019 07:59 PM
Rainmaker
5,877,335
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I am not familiar with their business model.

Dec 01, 2019 09:19 AM
Rainmaker
2,221,377
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Nothing

Nov 23, 2019 01:08 PM
Rainmaker
1,712,776
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Since they want to eliminate the agent it wouldn't be my recommendation  for you.

Nov 22, 2019 06:39 PM
Rainer
195,522
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

Have you ever heard of glassdoor.com?  It's a review website for workplaces.  Like any anonymous review-type website, there are some tidbits of useful information, but you have to take it all with a grain of salt.

That might be a place to find a little bit of insight.

Nov 22, 2019 06:33 AM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

You got all right answers. 

Nov 21, 2019 08:22 PM
Rainmaker
4,175,917
John Pusa
Glendale, CA

Many great responses!

Nov 21, 2019 02:23 PM
Rainmaker
7,863,162
Roy Kelley
Retired - Gaithersburg, MD

Nothing to share.

Nov 21, 2019 12:39 PM
Rainmaker
1,728,156
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

They tried to hire Sandy and we felt it was counter to our long term brand and profitability goals

Nov 21, 2019 12:26 PM
Rainmaker
1,506,013
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I suggest you do your due dilligence and fully research their model and their pay structure, if you are considering working for them.  Talk to agents in your area who work for them.  Talk to agents who have had deals with their agents (both as buyers agents and as sellers).

Nov 21, 2019 11:05 AM