Tag Archives: San Francisco

Redfin commission model drawing more, better agents: Jason Aleem

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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. Continue reading →

OpenAI leaves San Francisco HQ after Elon Musk stops paying rent

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The move follows a public rift between the CEO of Tesla and the maker of ChatGPT. Musk had previously been paying rent for OpenAI’s headquarters. Continue reading →

OpenAI CEO sues developer over $27M ‘lemon’ he bought in 2020

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OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool’s waterproofing and a so-called “Batcave,” according to reports. Continue reading →

Buyers need an income that starts with a 3 to live in this pricey city

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Homebuyers need to earn an income of more than $150,000 to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. But in San Jose, buyers must earn at least $361,000. Continue reading →

New San Francisco showroom offers private islands and yachts

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Demand for some of the most exclusive luxuries remains, even as the city of San Francisco itself grapples with plunging home prices and an all-time high in office vacancies. Continue reading →

What does it cost to live near the country’s biggest landmarks?

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In some markets, prime real estate close to one of the nation’s leading destinations can be had for as little as $110,000. Elsewhere, it might cost a homebuyer several millions of dollars to live next to their favorite landmark. Continue reading →

A piece of the San Francisco Bay could be yours for $25M

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The only private island in San Francisco Bay is up for a sale with a $25 million price tag. Red Rock Island is a six-acre vacant hill just off the Richmond-San Rafael Bridge north of the city.  Continue reading →

Redfin CEO: With commissions in peril ‘cooperation may crumble’

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Kelman said during virtual Inman Connect on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to “a different world” than the one that exists today. Continue reading →

Christie’s International Real Estate launches major NorCal expansion

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The founding real estate agents of Christie’s International Real Estate San Francisco | Marin | Wine Country hail from The Payton + Binnings Team and boast $200 million in transactions annually. Continue reading →

Redfin eliminates salaries, pivots to commission model in LA and SF

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Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program. Continue reading →