Taking the Wal-mart approach to real estate, Redfin recently went IPO in 2017. In the end, it sounds like Zillow, Redfin, and Trulia all have their advantages and disadvantages. Buying and Selling With Redfin vs. a Realtor: What's the Difference? The “for sale by owner” (FSBO) method seems a great way to save thousands of dollars when you sell your home. There is truly no such thing as a "discount broker," because the term implies a market-standard fixed commission rate, which does not legally or ethically exist. A RedFin agent’s pay is determined by customer feedback and satisfaction. Thanks for sharing this info on Redfin. Compared to traditional real estate agents who charge a 6% fee, REX sellers save $25,000 on average. Depending on the sale price of your home, your listing fee could end up being more than 2%. He was flaky and unresponsive and kept giving his buyers misinformation. I would do all of my searches with Redfin.com, go to open houses, and otherwise use the service like my own personal home search engine. What is the Redfin Estimate? The listing agent then splits their commission with their broker, meaning the person who runs their real estate team or firm. Redfin.com is a real estate search site that has full-service agents on staff to help you close on a home. The Redfin estimate is a determined calculation of a home’s individual value in the market. Redfin uses MLS data to calculate your home's current market value and updates your home's Redfin Estimate daily. Anonymous : I have posted before. As you said, that seems like prudent advice for a first time home buyer because it can be overwhelming. Anonymous: We rejected an offer on our home because of a Redfin agent. Traditional, full-service real estate agents typically charge a 3% listing fee when selling a home. Because REX is the only real estate company not using the MLS to sell homes, our sellers are not obligated to pay a buyer’s agent commission. Who has been happy/unhappy selling their home with Redfin as the listing agent? There are several other real estate companies out there hoping to change the game and make buying or selling a home a more enjoyable and cost-effective experience for everyone. As far as buying Redfin was horrible, not on top … Subject: Selling with Redfin vs. a traditional real estate agent. With the most recent disruptions in the real estate industry from companies like SimpleShowing and Redfin, technology is changing the way consumers buy and sell homes for the better.