A Redfin survey also shows that agent attrition is going up, and that many agents have to supplement their income with other work
Describing Zillow as 'Godzilla,' Kelman also said Redfin's iBuying program will never grow to 50% of the market
The move represents a sharp break from 600 or so other MLSs nationwide, some of whom have threatened to cut off brokerages who have tried to publicly display commissions
Leading up to Inman Connect Las Vegas in July, Glenn Kelman said relatively limited programs such as Redfin Now and Redfin Direct are all about serving consumers better
In Northern Virginia, if the seller accepts a Redfin Direct offer, they'd pay a 1% listing fee and a 1% transaction fee
Glenn Kelman spoke to journalists about why his brokerage wants to stay at 30% revenue growth per year, its approach to customer satisfaction and the threats to buyers' agents
Opinion
With its impressive stock turn around, Zillow is stalking firms that can support its growing instant-offer biz model
Citing the affordability of the Dallas area, and Frisco in particular, the techie brokerage is expanding with its first engineering office outside of the West Coast
It took about 18 months to hit $1B, but the company expects to hit a second billion in just 4 weeks
Redfin Direct, the tech brokerage’s new service available in Boston, doesn’t provide buyers a required state form. But Redfin says it provides an even ‘more comprehensive’ one
The longtime rivals partner on deal that affects Redfin listings in Seattle, Charlotte, Des Moines and Nashville
Following the announcement of the Redfin Direct service that lets consumers make offers without agents, two companies are parting ways
Opinion
Following the announcement of Redfin Direct, a new service that will enable buyers to make offers on Redfin-listed homes through the company’s website without agents, read CEO Glenn Kelman’s letter to employees
Redfin Direct will allow buyers to make offers on Redfin-listed homes directly through the company's website