Redfin to put $20 million back in buyer's pockets

Seattle Post-Intelligencer VC reporter John Cook blogs about the recent real estate discussion on Seattle radio station KUOW. Some interesting comments he picks up on from Redfin’s CEO on their business model:

Redfin Chief Executive Glenn Kelman calls in to say that the Redfin service was inspired by Freakonomics and says it plans to refund about $10 million to $20 million in commissions next year.

You can catch the whole show over at sellsius° real estate blog.