Seattle-based online real estate brokerage Redfin has been hit with a class-action lawsuit alleging the firm misclassified employees as independent contractors in order to avoid having to pay minimum and overtime wages, payroll taxes and other business-related expenses. The suit comes not long after Redfin raised $50 million in a funding round that appears to be setting the company up for an initial public offering. Since the company's debut in 2004, it has built a business model that has inspired a number of other tech-focused brokerages to follow in its footsteps. Unlike many traditional brokerages who pay their agents on commission, Redfin offers its agents salaries, benefits and leads, and covers computer equipment, a cellphone plan, mileage, continuing education, and multi...
Feb 10, 2014 by Andrea V. Brambila
Jan 22, 2014 by Inman