BrokerageIndustry News

Redfin claims low-cost model is working

Critics say data is not 'completely convincing'
Published on Feb 26, 2007

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Buyers who work with Redfin, a company that offers deep discounts for real estate services, paid less for homes than buyers represented by other companies -- even before considering the company's commission refunds, according to Redfin's analysis of company and multiple listing service data.

Glenn Kelman, Redfin CEO, said the report validates the company's business model while refuting the claim made by some real estate professionals that money that consumers save by choosing a low-cost real estate company ...