Redfin unveils plan to cut out buyers’ agents

Redfin announced Wednesday it has been quietly testing a pilot program in Boston, a revised version of its 2006 service Redfin Direct, that allows consumers to make direct offers on Redfin-listed homes through the company’s website. Continue reading

Redfin expands in the Midwest, launches in Des Moines and Lincoln

In the two new markets, Redfin agents – who are employees, not independent contractors – will sell homes for a 1.5 percent listing fee versus the industry standard 3 percent. However, 1.5 percent is still higher than the 1 percent listing fee Redfin of… Continue reading