Redfin first brokerage to launch Opendoor competitor

Redfin Now is positioned to become a formidable 'iBuyer,' snatching up property with instant offers

Redfin is testing a new program that allows homeowners to sell a property to Redfin for as little as a 7 percent commission. The high-tech Seattle-based brokerage revealed the service, called “Redfin Now,” in a recent filing for an IPO of $100 million.