Anyone who has sold or is considering purchasing a home knows the name Redfin. Look up most properties that have been publicly listed and the Redfin site comes up with information on the latest selling data and property statistics. But, did you know that Redfin has its own team of real estate brokers? And, they are on an expansion mode with over 22 markets nation-wide, as they continue to flourish at a rapid pace with over $13 billion in sales since they entered the brokerage business in 2006.
This privately owned Seattle based residential real estate firm was founded in 2004 and shows no indications as slowing down. They are creating a new model for brokers, where they are hired as employees as either a buyer or listing broker, rather than on straight commission. Redfin agents are paid a salary, and earn bonuses for every transaction they are involved in. They also provide health insurance and a 401K and pay the MLS and licensing fees. Redfin equips their agents with iPads, cell phones, and laptops while covering their marketing expenses and reimbursing them for their mileage
Redfin is a technology-powered real estate broker that represents people buying and selling homes. Founded and run by technologists, Redfin has a team of experienced, full-service real estate agents who are advocates, not sales-people, earning customer-satisfaction bonuses, not commissions. Redfin.com features all the broker-listed homes for sale, as well as for-sale-by-owner properties that don’t pay brokers a commission. In 2012, Redfin was named one of The DIGITAL 100: World’s Most Valuable Private Tech Companies by Business Insider.
They credit their low attrition rates to the team environment they have created at Redfin. Because agents aren’t competing for clients, they’re able to freely share info, stories and best practices with each other. This also makes a great learning environment for people new to real estate.
Redfin is always looking for brokers to join their team. They will consider candidates from other industries in addition to seasoned real estate agents. For more information on positions available in Chicago, please contact firstname.lastname@example.org or check out their site at Redfin.