Do Redfin agents get commission?

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Unlike traditional real estate agents, who tend to be independent contractors working solely on commission, Redfin agents are employees. As such, Redfin agents are paid a salary and earn bonuses so they are not tied to commissions. Redfin surveys every customer and posts every review online.

Redfin agents are generally good, yes. … Since Redfin agents are paid a salary, instead of working for a percentage-based commission, they’re less incentivized than a traditional agent to get you the highest price possible for your home.

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Moreover, Does Redfin have hidden fees?

Re: Redfin implicit hidden costs. It is possible for the same agent to represent both parties involved, and they may be willing to take less than the full 6% commission to do so.

Secondly, How much do Redfin associate agents get paid?

The typical Redfin Associate Agent salary is $3,926. Associate Agent salaries at Redfin can range from $1,015 – $9,708. This estimate is based upon 65 Redfin Associate Agent salary report(s) provided by employees or estimated based upon statistical methods.4 days ago

Simply so, Is selling with Redfin a good idea?

Redfin agents are generally good, yes. Since Redfin agents are paid a salary, instead of working for a percentage-based commission, they’re less incentivized than a traditional agent to get you the highest price possible for your home.

How much do Redfin associate agents make per event?

AAs are paid per event. Each event type pays different rates. For example a single home tour is $50 and a Redfin listing open house is $120. I would say at least $200 a week, in the busier months maybe $500-1000/week depending on the market and how many agents are on a team.


26 Related Question Answers Found

 

Is Redfin a good way to sell a house?

Redfin agents are generally good, yes. Since Redfin agents are paid a salary, instead of working for a percentage-based commission, they’re less incentivized than a traditional agent to get you the highest price possible for your home.

Is selling with Redfin worth it?

You pay very little, but you get very little. Is it worth it? Only if you’re prepared to do all the work of selling your home by yourself. If you’re selling a $200,000 home, a 1.5% commission with Redfin would come to $3,000, while you could get a flat fee MLS listing for about $300.

What is Redfin agent commission?

At a traditional brokerage, the total commission is typically 5%–6% of the home’s selling price, and each agent gets 2.5%–3%. Buyers never pay agent commissions. At Redfin the listing fee is 1% when you buy and sell, which lowers the total commission to 4%.** *Minimum commissions apply.

What is it like working for Redfin?

Unlike traditional real estate agents, who tend to be independent contractors working solely on commission, Redfin agents are employees. As such, Redfin agents are paid a salary and earn bonuses so they are not tied to commissions. Redfin agents also earn premium healthcare benefits, paid time off and parental leave.

Does Redfin really save money?

Does Redfin Save Sellers Money? The answer to this question depends on who you’re comparing it to. When compared to most real estate agents, the answer is yes: working with a Redfin agent will save you approximately 1.5% in commission.

Can I change my Redfin agent?

You can change or remove the Redfin Agent connected to your account through your account settings. Another option is to notify the Redfin Agent you’ve been working with that you’d like to switch.

How much do Redfin associate agents make?

The typical Redfin Associate Agent salary is $3,926. Associate Agent salaries at Redfin can range from $1,015 – $9,708. This estimate is based upon 65 Redfin Associate Agent salary report(s) provided by employees or estimated based upon statistical methods.4 days ago

Is Redfin really cheaper?

The number one advantage of Redfin is in cost savings. The standard brokerage commission on a home sale is 6%, with 3% going to the buyer’s agent and 3% going to the seller’s agent. Redfin is able to do this because they pay their agents on a flat rate, rather than a percentage commission.

Is Redfin really 1%?

Redfin brokerage firm is now charging just one percent to sellers in 18 new housing markets after determining that the reduced commission model worked well in the Washington, D.C., metro area, Baltimore, Chicago, Denver, San Diego and Seattle.

How are Redfin associate agents paid?

As an associate agent you are paid per event but after all the time you spend scheduling and dealing with tour coordinators its not worth the money. You can’t represent your own clients or be the lead on any transaction.

What is Redfin Commission?

Redfin is one of the only brokerages that provides a lower commission fee! We charge a 1.5% listing fee when you sell, and a 1% listing fee when you sell and buy.

What is an associate agent?

An associate agent is hired by an artist, a manufacturing company, a real estate agency, a travel agency and any other professional or organization. There can be an associate insurance agent in an insurance company who will be responsible not just for sales, but also for providing customer service to the clients.


Last Updated: 14 days ago – Co-authors : 9 – Users : 10

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