Despite a year-over-year decline in Q1, CEO Glenn Kelman voiced confidence in a statement on Tuesday as Redfin continued to finalize its $1.75B all-stock merger with Rocket Companies
Redfin posted double-digit revenue growth in Q4 earnings Thursday. The company's $100M Zillow rental syndication deal has opened the door for greater advertising spend, CEO Glenn Kelman said
Seattle-based Redfin is taking its commission-based payment model nationwide on Oct. 27. Redfin Next enables agents to keep W-2 status and benefits while earning commission splits
With the expansion, Redfin Next is now available to agents in 36 markets nationwide, according to an announcement Friday. Redfin execs said the plan has 'proven to be even better' than expected
Seattle-based Redfin's revenue increased 5% year over year to $225.5M — beating projections of $218.1M. Still, the company is struggling to control net losses, which grew nearly 10% from 2023
Redfin Next is available to agents in 7 major markets across the South, Midwest and East Coast. Redfin execs say it will help them navigate market 'ups and downs,' including NAR's settlement
New commission-based model, Redfin Next, is now available to agents in San Diego and Orange County. Agents keep their W-2 status and benefits while getting commission splits of up to 75%
Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program