Spam prevention
Rainmaker
456,902
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
941,060
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

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
780,753
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
3,364,878
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
2,896,522
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
4,370,434
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Not interested in playing in their game.

Nov 20, 2019 08:44 PM
Rainmaker
712,479
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
1,665,710
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

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
1,557,759
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

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
573,594
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
Rainmaker
387,524
Susie Kay
Ultima Real Estate - 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
3,212,019
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill 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
3,127,715
Richard Weeks
Dallas, TX
REALTOR®, Broker

No knowledge here.

Nov 21, 2019 03:49 AM
Rainmaker
4,572,915
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
1,658,937
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Nothing and nope.

Nov 21, 2019 06:40 AM
Rainmaker
1,254,853
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
1,035,293
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
Rainmaker
2,826,511
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

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
537,294
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
2,485,072
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
428,499
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

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
Rainmaker
4,160,435
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
1,113,129
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Nothing

Nov 23, 2019 01:08 PM
Ambassador
1,655,961
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
Rainmaker
28,497
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
1,694,261
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

You got all right answers. 

Nov 21, 2019 08:22 PM
Rainmaker
2,850,234
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Many great responses!

Nov 21, 2019 02:23 PM
Rainmaker
5,503,158
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nothing to share.

Nov 21, 2019 12:39 PM
Rainmaker
1,559,320
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, 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
1,263,312
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