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Redfin's business model

Started by lostintransaction
about 12 years ago
Posts: 9
Member since: Sep 2012
Discussion about
Interesting article in the WSJ: http://online.wsj.com/news/articles/SB10001424052702303330204579246194038162628 This in particular caught my eye: "About half a typical Redfin agent's pay comes through salary. The rest comes through commissions. But crucially, commissions are linked to detailed reviews that Redfin customers complete after sales. The reviews are posted online and affect each agent's future business. Your agent always has an incentive to please you. If pushing a client to close a deal will produce a bad review, the agent would rather not close."
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