Redfin Expands Redfin Next Agent Pay Plan to 25 Additional Markets
17 Maio 2024 - 9:30AM
Business Wire
Redfin Next offers agents the best of both
worlds: big commission splits with zero expenses and free
Redfin.com customer introductions, benefits and support
(NASDAQ: RDFN) — Redfin announced today it is expanding the
Redfin Next agent compensation plan to 25 additional markets. Under
Redfin Next, agents in these markets earn competitive splits as
high as 70%, have virtually all business expenses covered, and get
technology, support, benefits and customer introductions from
Redfin.com, the #1 brokerage site in the United States.
“Redfin Next has proven to be even better than we imagined at
igniting our salesforce, helping us recruit new talent,” said Jason
Aleem, Redfin’s chief of real estate services. “When you pair a
competitive traditional split with the technology, customer
introductions, benefits and support that only we offer, there’s
really no limit to what you can achieve at Redfin. We give agents
everything they need to amplify their business and focus on serving
their customers well. Redfin Next is also helping us gain market
share faster in our early markets, which means we’re helping more
customers get a better deal when they’re buying or selling. This
expansion is a big step toward making this opportunity available to
all Redfin agents as we continue to transform our brokerage and
grow our presence nationwide.”
Redfin initially announced the plan in San Francisco and Los
Angeles in October 2023 and has since expanded it to San Diego,
Orange County, Chicago, Connecticut, Dallas, Miami, New York, Palm
Beach, and Washington, D.C. Since launch, the brokerage has
recruited more than 140 top producing agents in Redfin Next
markets. Because of this recruiting success and the positive
reception among Redfin’s existing agents, the company is now
expanding the plan to the following markets:
- Austin
- Boise
- Coastal North Carolina
- Columbus
- Denver
- Fort Myers
- Grand Rapids
- Indianapolis
- Inland Empire, CA
- Kansas City
- Maryland
- Memphis
- Minneapolis
- Nashville
- New Mexico
- Palm Springs
- Portland
- Raleigh
- Sacramento
- Salt Lake City
- San Antonio
- Seattle
- Spokane
- St. Louis
- Virginia
The Redfin Next plan includes:
- Big splits. Zero expenses: At Redfin, what you earn is
what you keep because we cover all your necessary business expenses
and cover benefits, mileage, payroll taxes and listing
expenses.
- Meet over 100 customers a year: By plugging into the
Redfin platform and the 49 million people who use Redfin’s app and
website every month, agents can grow their business rapidly.
- Business in a box: Redfin's technology and staff handle
qualifying new customers, scheduling tours, conducting follow-up
tours, and coordinating sales & listings. Agents focus on
closing deals for customers.
- Top-tier benefits: Redfin’s benefits package includes
medical, dental, and vision insurance; fertility benefits; 401(k)
employer match and employee stock purchase program.
- Define the future of real estate: Redfin puts the
customer first, makes the industry more fair and transparent, and
uses technology to modernize the real estate experience and make it
better.
Agents in the Redfin Next plan will continue to work as
employees, not independent contractors. Redfin’s unique employee
agent model was built to put the customer first by ensuring agents
are held to a high standard and have the support they need to
deliver consistently great service. Redfin uses technology to make
real estate more efficient, which is one reason Redfin has the most
productive agents in the industry, closing more than twice as many
transactions as the average agent every year.
Michael Odeh, a Redfin Premier agent in Chicago who has been on
the Redfin Next plan since early May, said the new compensation
plan is a welcome change. “Ever since I started at Redfin in 2019,
I’ve thought that whoever could combine the financial rewards of a
traditional brokerage with the efficiency of Redfin’s model would
be the future of real estate,” he said. “That’s what Redfin Next
is. It gives agents the comfort and security of a traditional
career by providing virtually unlimited earnings opportunities,
while taking everything else off their plate so they can focus on
what really matters: the client. I am so excited about the future
and what Redfin Next will bring.”
The 25 expansion markets will move to the Redfin Next pay plan
on August 11. Redfin is actively recruiting experienced agents to
join the company in markets around the country. Visit our site to
start a conversation about how to grow your business and career at
Redfin.
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate
company. We help people find a place to live with brokerage,
rentals, lending, title insurance, and renovations services. We run
the country's #1 real estate brokerage site. Our customers can save
thousands in fees while working with a top agent. Our home-buying
customers see homes first with on-demand tours, and our lending and
title services help them close quickly. Customers selling a home
can have our renovations crew fix it up to sell for top dollar. Our
rentals business empowers millions nationwide to find apartments
and houses for rent. Since launching in 2006, we've saved customers
more than $1.6 billion in commissions. We serve more than 100
markets across the U.S. and Canada and employ over 4,000
people.
Redfin’s subsidiaries and affiliated brands include: Bay Equity
Home Loans®, Rent.™, Apartment Guide®, Title Forward® and
WalkScore®.
For more information or to contact a local Redfin real estate
agent, visit www.redfin.com. To learn about housing market trends
and download data, visit the Redfin Data Center. To be added to
Redfin's press release distribution list, email press@redfin.com.
To view Redfin's press center, click here.
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version on businesswire.com: https://www.businesswire.com/news/home/20240517491572/en/
Redfin Journalist Services: Erin Osgood
erin.osgood@redfin.com 206-371-1626
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