Today, the National Association of Realtors is considering proposals advanced by traditional brokers to undo the Clear Cooperation policy against pocket listings. This would hurt consumers. Listing Cooperation Creates an Open, Fair Market Buyers want to see all the homes for sale. Sellers want their listings to reach the most buyers. Studies show that sellers
Dear Redfin Customers, As many of you have already heard from your Redfin agent, by the end of this week, most local Multiple Listing Services (MLSs) are changing two rules: Listings can no longer use the MLS to offer buyers’ agents a commission Prior to serving customers, buyers’ agents must disclose our fee The rules
Every year, Redfin publishes a report on the diversity of our workforce. In 2023, diversity at Redfin fell, with people of color declining from 36% of our employees to 35%, compared to 42% of the U.S. population. Black employees declined from 9% of our employees to 7%, compared to 12% of the U.S. population. Latino
The National Association of Realtors today entered into a $418-million settlement agreement for a wide range of class-action lawsuits brought by home-sellers. Unlike the earlier settlements with large brokerages, NAR also agreed to what could be a major structural change: eliminating the field in listing databases for the agent listing a home to offer a
A jury today issued a verdict in the Sitzer-Burnett federal class-action lawsuit finding that the National Association of Realtors and major real estate franchisors conspired to inflate real estate commissions, by requiring home sellers to offer a commission to the agent representing a buyer, as a prerequisite to listing their property. Damages of $1.8 Billion
In San Francisco and Los Angeles, Redfin is launching a new pay plan offering the agents we employ traditional commission splits, paired with Redfin’s customers, benefits and support. Agents interested in learning more about the plan can visit redfin.com/next. A Split Up to 75%. 100+ Customers per Year. Virtually No Expenses. Under this plan, called