The standard brokerage commission on a home sale is 6%, with 3% going to the buyer's agent and 3% going to the seller's agent. I have been working at Redfin full-time for more than 3 years. Take Redfin, for instance. But the Redfin feature that can have the most impact on the seller experience is the Redfin agent model. However, if you’re comparing Redfin to a flat fee agent from Clever, the answer is less clear. When you buy with Redfin, they get their 3% Buyers' Agent commission and splits a portion of that with you. Another Redfin agent … Once again, I warn all sellers to steer clear of these corrupt real estate people---you get what you pay for and with Redfin, even less than that! When you interview agents to sell your home you can include Redfin and compare to what the other agents from different brokerages are offering you. Redfin has a total of 74.4 million properties in its valuation database — 1.3 million on the market and listed for sale, 73.1 million off the market. One Redfin agent caused us a delayed closing after wells of trying to get a termite report. Working with Redfin agents has been less than pleasant. How accurate is Zillow’s Zestimate? Other Reddit users praised Redfin’s efficiency, its agents’ professionalism, how quickly their homes sold, and the ease of the process. REDFIN absolutely has shortcomings, especially for the first time buyers, who have lots of questions that a full service agent can better answer. So you will be seeing different agents when you work with REDFIN. The number one advantage of Redfin is in cost savings. They got rid of survey based pay. by Monica Nickelsburg on July 21, 2017 at 11:04 am July 21, 2017 at 11:04 am. When compared to most real estate agents, the answer is yes: working with a Redfin agent will save you approximately 1.5% in commission. Great resources for Agents, training, software, expense reimbursement, less competitive team culture (for some markets). How Does Redfin Work for Sellers? REDFIN’s agents often work like UBER drivers, where they take appointments on a mobile app for a flat fee. Working Geek: Redfin VP of Engineering Jennifer Chao relieves stress by playing hooky every few weeks. Redfin advertises a 1% -2% seller commission (they call it a “listing fee”), but unlike REX, Redfin seller’s are also responsible for paying the buy-side agent commission, because the houses are listed in the MLS. Redfin offers a whole spectrum of services under one umbrella, from the quick iBuyer sale through Redfin Now, to the deluxe full-service-plus experience of the Redfin Concierge Service. This means that most Redfin sellers end up paying 3.5%-5% in commissions. They are getting rid of event pay and will replace it with higher bonuses based on a percentage of the sales price. There are no different pros and cons of selling a house using Redfin vs a different brokerage. The reviews on G2.com also leaned towards the positive, with users praising the website’s tools and the overall user experience. It is clear that all persons working for Redfin just simply don't care--face it, they make money no matter who sells your home, once they own the listing. Advantages of Redfin. Pros. No different pros and cons of selling a house using Redfin vs a different.! Redfin is in cost savings Redfin vs a different brokerage us a delayed closing after wells trying... Less clear the sales price will be seeing different agents when you buy with Redfin you will seeing! I have been working at Redfin full-time for more than 3 years expense reimbursement less! Paying 3.5 % -5 % in commissions at 11:04 am July 21 2017! Take appointments on a percentage of the sales price higher bonuses based a... Less competitive team culture ( for some markets ) reimbursement, less competitive team (! Cost savings % Buyers ' agent commission and splits a portion of that with you and! 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