Brokerage

Redfin sets up shop in Minneapolis-St. Paul, brokerage’s 23rd market

Brokerage's Minnesota market manager is currently lone Redfin agent in the region

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Online brokerage and referral site Redfin opened shop in the Minneapolis-St. Paul, Minn., market today, bringing its unique brokerage model to its 23rd major market. The Seattle-based firm will start out by serving clients in seven counties in the Twin Cities metro area, including Hennepin, Ramsey, Anoka, Washington, Dakota, Scott, Carver and Wright counties. Redfin says it has plans to expand its service area to 13 counties in the region. The firm has hired Chris Prescott, who will be in charge of hiring additional agents and growing Redfin's presence in the Twin Cities market, as its Minnesota market manager. Currently, Prescott is the only Redfin agent in the region and the firm has no set team size or hiring goals for the area at the moment, a Redfin spokeswoman told Inman News. Redfin was on a growth tear in 2013, adding brokerage operations in Houston; New York City’s Bronx borough; Charlotte and the Raleigh-Durham area in North Carolina; the state of Delaware; Miam...