Redfin laid off 46 headquarters, programs and field operations staff on Thursday. This is the 2nd round of layoffs in the past 6 months, with the previous round impacting 85 Redfin Concierge staff
Aleem, Redfin's chief of real estate services, also said the agents who have joined since the company adopted a commission model are making more money
Seattle-based brokerage and portal Redfin's Q3 revenue grew 3% year over year to $278M. However, the company's net losses ballooned 77.8%, according to Thursday's earnings
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
Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services
The company's earnings report saw revenue climb 7% to $295.2M between April and June, but it also lost $27.9M — just a hair above its Q2 2023 loss
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
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%