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Ambassador
3,688,828
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I prefer to work with clients who prefer Nordstrom over K-Mart - they understand that value & quality are far more important than cost.

I recently had a sale that I put 33% of my commission made on the sale into marketing their home to get them an unexpected number of buyers, Offers and ultimately more than they hoped for in a sales price as a result. What motivates a discount broker to go above and beyond to market/advertise in that manner?

Oct 13, 2018 10:28 PM
Rainmaker
5,782,684
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The days may be limited for the several hundred thousand surplus agents.

Oct 13, 2018 02:00 PM
Rainmaker
610,158
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I haven't seen a single Redfin sign anywhere in my state or across state lines in NY.

Trusting you are seeing them my answer would be- there's a small % of people who will look for a way to cheap-out of using an agent. They want to do it themselves or use a discounter because they have no idea what is involved & think we just get paid a lot to do nothing. What I see happen to those people is they fail. They fail miserably.  Foxton's model was not good, they went out of business. I see Expired listings that I take from Discounters on a regular basis. Why are they expiring? Because sellers are not selling & they are regretting their initial decision & going another route; the traditional route, the best route.

I just met a woman who spent $4,000 upfront to get listed on MLS by Purple Bricks. In addition she would have to pay 2.50% to a buyers agent. Is there some sort of savings there? And how did it go? No offers & she's out $4,000 & now she has to list it with an Agent. Now she's looking for a cheap agent who'll take it for less. After hearing that I passed on her & do you know why? Because she's an idiot. She got burned trying to do it the cheapskate way & now she is looking to do it all wrong again. Our service is very valuable. Just because there's other options out there doesn't mean they are good options. 

Oct 13, 2018 01:32 PM
Rainmaker
1,357,660
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No, I did not see it

Oct 13, 2018 06:54 PM
Rainmaker
1,727,856
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Nope

Oct 13, 2018 12:59 PM
Ambassador
1,706,647
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No at all. All in all, it's just another brick in the wall.

Oct 13, 2018 03:59 PM
Rainmaker
1,230,487
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Interesting comments from Rain members in other areas.  None here in western PA yet.

Oct 14, 2018 12:27 PM
Rainmaker
1,297,542
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I do think the "independent" agent days are numbered, but more from court cases seeking to force agents to become full employees and get benefits and taxes withheld, than from Redfin.  Currently in California we ARE EMPLOYEES of a Broker in every sense of the word, except for taxation, insurance and benefits.  Anyone who tells you we are fully an "Independent Contractor" is completely wrong.

Oct 14, 2018 09:23 AM
Rainer
186,892
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

Get lost punk, you are UNLICENSED and do not know what you are talking about.

Oct 14, 2018 01:37 AM
Rainmaker
790,436
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Redfin just came to our area. I still don't see much of them, but that may change.

Oct 13, 2018 06:51 PM
Rainmaker
3,008,805
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

I rarely see Redfin signs.

Oct 13, 2018 06:14 PM
Rainmaker
453,988
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Redfin started in Seattle and is spreading around the Pacific NW.  We have seen a few signs in our local market.  However, they do not have a big presence yet and refer their buyers out (one of our agents is referred these).

Oct 13, 2018 05:08 PM
Rainmaker
3,627,498
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

There are lots of choices.

Oct 13, 2018 04:01 PM
Rainmaker
3,447,339
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't believe so.

Oct 15, 2018 06:55 AM
Ambassador
1,718,949
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

Redfin is a real estate agency with agents who hang their licenses under it's shingle.  The are independent real estate agents, just like any other agent.

Your question makes no sense.

Oct 14, 2018 06:27 AM
Rainmaker
3,384,867
Richard Weeks
Dallas, TX
REALTOR®, Broker

Some will

Some won't

So what

Next

Oct 14, 2018 05:07 AM
Rainmaker
1,506,406
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Not much popular for listings in my hood. Why to bother if you can negotiate % with a realtor who will give you a better service than R..n agent? 

Oct 13, 2018 08:54 PM
Rainmaker
1,805,008
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No idea.

Oct 13, 2018 06:54 PM
Ambassador
4,667,045
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Some will always seek a bargain, others will seek quality, plenty of business for all.

Oct 13, 2018 02:52 PM
Rainmaker
5,339,661
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

no....

Oct 13, 2018 02:33 PM
Rainmaker
3,563,633
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not by a long shot!

Oct 13, 2018 01:09 PM
Rainer
264,137
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

He have a RF office, but only see a few signs a year. I think this is still a personal relationship business, and regardless of affiliation, consumers/clients are going to go with those that produce results. So if a licensee is with an independent and produces, they will stay busy. If they are with a national brokerage, then they will still stay busy.

Oct 14, 2018 08:54 AM
Rainmaker
4,798,519
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Doubtful.

Oct 14, 2018 06:39 AM
Rainer
212,763
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Saw my first one in Columbus this week, but I know they have been advertising for agents

Oct 14, 2018 03:18 AM
Rainmaker
2,872,684
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I have yet to see a Redfin sign in my area.  I echo Peter Testa 

Oct 13, 2018 05:44 PM
Rainmaker
4,831,538
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

No redfin signs here.  Each market is SO Different.  One cannot generalize. 

Oct 13, 2018 04:57 PM
Rainmaker
542,327
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

No

Oct 13, 2018 04:43 PM
Rainmaker
1,079,405
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

They pay for staging, repair and painting sell for less than 2%. You get a rebate buying homes. A few agents are also lawyers to protect clients.

From San Diego to Seattle big boards displaying their model on interstate freeways.

 

RF

However, this kind of low Bud does not strike well with Wall Street. Its stocks tanked with Z flipping homes model  ~ -35% last few days......

Oct 13, 2018 03:24 PM
Rainmaker
1,334,587
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not in my area.

Oct 14, 2018 03:04 PM
Rainmaker
767,176
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Redfin is an active competitor here. We shall see how thinks shake out for all the "disruptors" as our market has changed.

Oct 14, 2018 09:18 AM
Ambassador
2,013,051
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Never seen one. 

Oct 14, 2018 07:25 AM
Rainmaker
3,160,873
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

NO and yes i put that in all caps. Here in NH, the franchises have already bought up most of the independent companies. It actually benefits us that survive and flourish offering a greater personal service. Redfin poked its head in our market.  I just saw a home down the block that expired after being for sale all summer in a market that had seen listing sell in days. Now that the market is slowing, agents have to prove their worth by attracting buyers and fostering the sale. Therefore a marketing plan of putting in a sign and posting the home in MLS doing nothing else is failing. 

Oct 14, 2018 06:04 AM
Rainmaker
812,575
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Here on Active Rain, every month a new class of real estate agent students ask the question, What are the qualities of the broker I should work for?"

This is an EMPLOYEE mentality and fits well within the business model of REDFIN and COLDWELL BANKER.

But the problem with your question is you do not know what an independent real estate agent is.

Oct 14, 2018 05:29 AM
Ambassador
2,458,321
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Maybe.

Oct 13, 2018 04:58 PM
Rainmaker
673,269
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

Not in my world! 

Nov 11, 2018 11:21 PM
Rainmaker
4,322,339
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Not really, am independent, and hold my own.

Oct 17, 2018 12:12 PM
Rainmaker
3,411,761
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

EXP is having a major push also.

 

Oct 17, 2018 11:31 AM
Rainmaker
3,985,513
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Redfin has not hit my area,.  I suspect they will be a pain in the neck until people figure out that they are  not getting what they are paying for

Oct 15, 2018 08:00 PM