Special offer
Mott Marvin Kornicki, Miami Notary & Apostille 786-229-7999 (Waterway Realtors® • Notary Public & Apostille)

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Rainmaker
628,764
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

They are in our area, had a showing w/ one of their agents who is paid by the hour. Accompanied a showing on my $1.7M  listing , they arrive at 4:30pm to see a 10K sqft house... At 4:45 PM the RF agent says to the Buyer..." I did tell you we have to leave by 5PM" ?? They are an assembly line concept w/  Buyer agents on a hourly wage. BUYER BEWARE

Jul 15, 2018 06:23 PM
Ambassador
5,229,439
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I just checked - out of 11,500+ agents in the Charlotte market, 25 of them are Redfin agents.

They have...

  • 22 active listings
  • 44 under Contract listings
  • 124 Closed listings in 180 days.

I don't see them as a 'threat' but, they are holding their own in a single office here. I know the broker very well - in fact, before she joined Redfin, I sold her personal home! She went to Redfin about 9 or 10 years ago and has recruited 24 agents over the years - most are hourly wage agents who are paid to show homes.

They are a discount broker but, they have a very popular website with the public.

Hope this helps, Mott!

Jul 15, 2018 08:44 PM
Rainmaker
1,543,602
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

1. Discount brokers (and they should since it's all new, inexperienced agents or veteran agents that couldn't hack it on their own.

2. They do have a market share here...as long as it's a sellers market anyhow.

Jul 15, 2018 06:17 PM
Rainmaker
1,502,898
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Their agents are employees in every sense of the word.  They employ multiple tiers of agents (showing, offer writing, listing, etc.).  They do offer a rebate to the buyer if one of their agents are used.  I brought a buyer to one of their listings last year.  The agent was good, but always had to have a weekday off, so that was rough to work around at times.  They get a bonus based on client happiness at the end of the escrow.

 

Like any brokerage, they have their ups and downs.  As an employee you get benefits (health, dental, etc.), but if you want to go to a meeting mid day, you need to block off that time on your calendar because they will schedule you without your approval.  If you aren't big into prospecting, need that hourly wage safety net, have trouble getting your own leads... they are a viable option.  If you want to be your own boss and work your own hours and do your own lead gen, they are not for you.

They are particular about how they price listings, they won't work with renters and they only work in certain price ranges... according to what I've heard from their agents on other forums.

 

As far as market share, they have a really good search app and I'll see a showing or two on my listings, but they do not have that big of a market share.  Out here you're hard pressed to see one of their signs driving down the street, compared to a remax, berkshire hathaway, or other large brand.

Jul 15, 2018 09:22 PM
Rainmaker
1,052,176
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Redfin's been around longer than AR.
That should tell you what you need to know.
zzzzzzzz

Jul 15, 2018 05:59 PM
Rainmaker
519,324
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

I'm in their home market and deal with them regularly, along with many other "discount or limited service" options. Creativity peaks in a good market, but the next adjustment will shake many out. 

Even though they've been around a while here, they don't have a major share of the market.  I know of many less than satisfactory stories associated with them, but I've done some transactions that have been okay too.  To my knowledge, they've yet to turn a corporate profit and rely on investors to survive, but they are a contender we interact with regularly. 

Jul 15, 2018 11:30 PM
Rainmaker
1,844,271
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

No but they 'think' they are gaining ground. Just pulled up a town in my area & they ain't doin' so good for 1st 6 months of 2018.

Redfin sold my dads house a few years ago & talk about a bunch of bunglers. They feel professional carrying around their Ipads but don't know how to show a house. Buyer did get a rebate which is why they used them. Did they get good service? I don't know if they cared. They send another agent for each event & each one did not know what was going on.

Jul 16, 2018 05:29 AM
Ambassador
3,043,162
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

No market share here at all. 

They do well in Seattle. They are a salary based real estate brokerage. I would say more ... hehehe... 

Jul 15, 2018 07:54 PM
Rainmaker
953,617
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Never heard of them. 

Jul 15, 2018 04:35 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

they don't do much in my area.... discount agency....

Jul 15, 2018 04:17 PM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Redfin went Public in 2017.  They offer an enticing commission model to potential home sellers.   Not here in Tallahassee, yet.

Jul 15, 2018 04:14 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

A discount brokerage firm who pays agents on an hourly basis. You've received a lot of good descriptions here. 

Jul 16, 2018 03:27 AM
Rainmaker
544,014
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

It's in my market for about 3 years.

Currently 7 Redfin agents out of approx 4,500 total agents.

Jul 15, 2018 06:19 PM
Rainmaker
763,783
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I am with the Redfin Partner Program and have been for about 8 years.  They used the local agents to determine whether the community was strong enough for the company to have their own agents.  We did such a great job that we are now competing with Redfin corporate.

Jul 15, 2018 05:59 PM
Rainmaker
7,835,323
Roy Kelley
Retired - Gaithersburg, MD

I do not know their market share.

Jul 15, 2018 05:06 PM
Ambassador
5,048,748
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Not significant in my area of Southern CA but growing. They have a larger presence further north. They are offering a 1% listing fee in our area, and elsewhere, too, I believe.

Jul 15, 2018 04:38 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Not here.

Jul 15, 2018 04:38 PM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

They just opened a brokerage here this year but we don't see much of them yet. They are really big in our neighboring states. -Kasey

Jul 15, 2018 04:35 PM
Rainmaker
711,752
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Started in Seattle and have a goal to spread around the country. The public like their website. They are a discount brokerage which pay their agents a salary and offer commission rebates to buyers (which, thankfully, is illegal in Oregon).

Jul 16, 2018 07:17 AM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

They are in my market, don't know much about them.

Jul 16, 2018 05:12 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Mott, you must be a new agent to just discover Redfin. Google it and no, their presence in our market is minimal.

Jul 16, 2018 03:46 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

They are a discount broker and are in Middle TN. They have one of the best websites out there that is consumer friendly, That is where they are investing their money to capture the market.

Jul 15, 2018 09:12 PM
Ambassador
6,392,929
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I think that they are operating in Madison, an admin that I was interviewing mentioned that she had a redfin agent buy a lot of her firms listings.

Jul 15, 2018 08:23 PM
Ambassador
3,344,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

They are in my area - no market share.  I echo Ryan Huggins - Thousand Oaks, CA 

Jul 16, 2018 08:34 AM
Ambassador
2,061,615
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

They have been in our market for about 10 years, or so.  They are a brokerage that rebates to buyers.  They don't have a large portion of our marketplace, but they have been around longer than other agencies with similar business models.

I've had transactions with several Redfin agents... they've gone smoothly, the agents have been professional... I really can't complain.  They're not the devil incarnate, nor are they Voldemorte (sorry Candice).

They have a fantastic website... it's clean, easy to read, full of information... I wish ours was as comprehensive.  They are pretty much a tech-company that also sells real estate.

Jul 16, 2018 07:42 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Candice A. Donofrio nailed this one!

 

Jul 16, 2018 06:17 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They are big out west, I believe.  Making some inroads into Florida as well.

Jul 16, 2018 06:00 AM
Rainmaker
5,216,347
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

How about a pain in the A$$?

Jul 16, 2018 06:00 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have seen only 2 listings in my area, sadly sellers looking to save money and sacrafice service. One i drive by as been for sale for a long time as many homes in the area sell in a short week or so. 

Jul 16, 2018 05:26 AM
Rainmaker
2,182,502
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Not in our Market (yet ?)

Jul 16, 2018 05:24 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

They have an office in our area.  I think they advertise as a discount brokerage.  I don't have in first hand information.

Jul 16, 2018 05:17 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

REDFIN is the brokerage company in many states. Not so much market share in our area.

Jul 15, 2018 09:49 PM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

They are here and doing business but primarily working with buyers that aren't getting their offers accepted in my experience. The agents don't seem to have the time or experience.. gee I wonder if giving back so much of their commissions makes it hard for them to provide a complete full service. 

I have spoken to many former agents their and they do experience these issues at least among those I have heard from.

Jul 21, 2018 09:24 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not much of a presence in my Minnesota area.  I am glad

Jul 18, 2018 08:04 PM
Rainmaker
5,868,372
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

They have a strong presence here in Denver too.

Jul 17, 2018 04:52 PM
Rainmaker
152,204
Aida Pinto
Independent Real Estate Broker - Los Angeles, CA
Real Estate Broker (562) 884-6196

No, not in my area, but I hear they have a lot  of complaints about the level of competency of the agents, and how they are over worked and underpaid, how they don't really have time to provide professional service to the clients, etc....they are on yelp and consumer affairs.  The complaints come from past clients and even from past and current employees---look them up on Glassdoor. 

Jul 16, 2018 03:54 PM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Nope - not here

Jul 16, 2018 03:18 PM
Rainmaker
4,935,567
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I am not sure of there model but they are going strong in our are for the last 6 months.

 

Jul 16, 2018 08:26 AM
Rainmaker
922,083
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

They are in Connecticut now but seems like they only have one agent for the whole state......

Jul 16, 2018 05:47 AM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Agree with all answers. 

Nov 06, 2018 07:18 AM
Rainer
281,539
John Henry, Florida Architect
John Henry Masterworks Design International, Inc. - Orlando, FL
Residential Architect, Luxury Custom Home Design

I just heard of them last week on the financial web Marketwatch.com

They claimed the housing market is slowing down.

Aug 14, 2018 04:58 AM
Rainmaker
1,311,367
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

REDFIN is a real estate company. Do have a presence in our market although I would not call it significant. Their hook for clients is that they offer rebates of a portion of their commissions. Their website is excellent and attracts many lookers.

Jul 16, 2018 02:20 PM