BrokerageIndustry News

Redfin enters Denver

Brokerage will employ mix of own agents, referral partners
Published on Feb 2, 2011

Online real estate brokerage Redfin has moved into the Denver market, providing services in some areas directly through its own agent or agents, and through "partner" agents who belong to Redfin's referral network in others.Denver is the sixth market the company has entered in the past 12 months, and marks the 16th market overall, the company said in a press release.In the last year, Redfin has also entered markets in Dallas and Austin, Texas; Phoenix; Portland, Ore.; and Atlanta; in each case employing a mix of its own agents and referral network partners.Redfin provides commission refunds to buyers, who are expected to do some of their own legwork to find a suitable home. The brokerage provides listings through a virtual office website, or VOW, which includes more in-depth information than is typically found on public-facing MLS sites.The company has said that a 2008 settlement between the U.S. Department of Justice and the National Association of Realtors would protect its...

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