Redfin expands 1% listing fee to 18 new markets

Half a percent might not seem like much, but Redfin has gotten a lot of mileage out of snipping that from its 1.5 percent list-side commission in some markets. Now the high-tech brokerage, which went public at the end of July, has rolled out this lower, 1 percent fee to 18 additional markets, including New York City, Los Angeles, Portland (Oregon), Houston, and the entire states of New Jersey and New Mexico.