I never heard of Redy.com so just checked it out. A seller registers on the site, then agents who are part of the site compete for the listing by submitting proposals, including how much they are going to pay the seller to get the listing. If they are chosen and the house doesn't sell, the money they paid is not refunded. Also, the agents pay a fee to Redy when the listing agreement is signed (although without signing up, we don't know how much that is)

At least that's how I read the Q&As so I'd steer clear.

Leanne Smith interesting new concept, I am sure many agents will fall for the trap. It sounds like an upside down "Z"

I have no experience or knowledge of the subject matter, Leanne Smith 

No clue Leanne Smith . I guess I need to go to the site and see if I can find an answer there. 😉

Reminds me of when people look at commissions & state: that is way too much to pay without discussion regarding unknowns etc.

Never heard of it.

I think you are right, Leanne, it does NOT make sense. 

Sorry no knowledge of them.

Always someone around to pick your pocket in this business, best to not let them near your wallet.

Reading their website, it sounds very similar to HungryAgent.com (now defunct).   You'd offer your commission amount/rebate to buyers or sellers and if accepted you'd owe a referral fee at closing to the company.

The variation I see with Redy is you pay the fee at listing, so close or not, you're paying for the opportunity to close at whatever commission rate you offered to the seller.

Not exactly a business model I'd want to participate in.

One of the many joys of a real estate career is that everyone wants their part of the money they think you have 💰

Never heard of them so they have no meaning to me. Wil lbe reading replies.

Sounds like a bunch of garbage to me. It's not needed.

I have never heard of that and from reading the comments it's not too appealing.

Hello Leanne Smith I avoid Redy.com type of listings services.

After reading Kat Palmiotti's description, I'm reminded of the failed lending platform where lenders competed for the loan, racing to the bottom.

 No, just no.

It doesn't, and it's backwards.

We don't need to PAY people to 'choose us' . . . don't we do enough already to EARN their business?

Once your pocket is open to a client . . . it will be picked repeatedly until you are feeling a tingling sensation up your leg! 

That sensation is getting screwed in a way that will not result in a happy ending!

Have heard their radio ads. 

• Potential for long-term agreements: Some users have reported that companies with similar models to Redy's require sellers to sign long-term agreements and place a lien on the property. This could obligate the seller to pay a percentage of the closing costs even if they choose an agent outside the company's network.
• Lack of transparency on fees: It's unclear how much money Redy makes from each connection, leading to concerns about transparency regarding the distribution of funds. While Redy states it gives a "cash reward just for listing their home," the specifics of this and how it compares to traditional listings can be opaque. 

• Paying for a listing is not a guarantee: Agents who pay to connect with a seller are not guaranteed the listing, and even landing the listing does not guarantee a sale.
• Paying a fee upfront: Agents must pay a fee upfront or upon signing a listing agreement, regardless of whether the property sells. If the house doesn't sell, the agent loses their investment.
• Low return on investment (ROI): Redy reportedly takes 55% of the bid an agent pays, so the agent receives only a portion of the fee. Some agents question if this model is an effective use of their money, while others argue it could be a worthwhile investment.
• Competition and focus on cash: Some industry observers believe the model forces agents to compete primarily on a cash basis rather than on expertise. This could put newer or smaller agents at a disadvantage compared to larger brokerages with bigger marketing budgets.
• Sketchy perception: Some real estate professionals consider platforms that require agents to pay for listings upfront to be "sketchy," questioning the long-term viability of the model. 

• File a complaint with your state's Real Estate Division: This agency can investigate claims of misconduct against an agent and take action.
• Consult a real estate attorney: If you suspect misrepresentation or a breach of fiduciary duty, an attorney can advise you on your legal options.
• File a complaint with the local Realtors Association: If the agent is a member, you can file a complaint with their association. This may not result in monetary compensation but could lead to fines or required education for the agent.
• Gather evidence: Document all communications, contracts, and any other relevant information to support your claim. 

I never heard about this particular one, so here is the overview for those like me: ''Redy com is a real estate platform that connects home sellers with agents who compete to represent them. Sellers list their homes for free, and agents submit proposals that include upfront cash payments to the seller in exchange for the right to list the property. While some sellers have had positive experiences with Redy, Reddit users report concerns about the business model, with one user suggesting it is deceptive and founded by a real estate broker, and another user noting that agents can have to pay a non-refundable fee regardless of the sale outcome. ''

Interesting concept, time will tell,  thanks for sharing.  I just visited their sire I wonder how long it will take to get a call.