I see it time and time again. For years, Redfin gave every real estate agent stock options, but as we’ve grown to hundreds of agents, we’ve limited the options to the top performers. Looks like you're using new Reddit on an old browser. That's one of the benefits. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (1 child). [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (6 children). Better service at a better price Redfin Agents meet customers on Redfin.com, so they don’t spend time looking for new clients—they focus only on you. [–]RexRizzo 2 points3 points4 points 10 months ago (2 children). I guess I've grown up in a family that demonizes people who work on commission, and I haven't found many people who have offered a different perspective. I assume a rockstar agent would want an assistant with full availability? downvoted.). On top of that, if they are a "buyers agent", they're literally not allowed to take a listing. I gather Redfin is not a favorite among traditional agencies, but I'm having a hard time figuring out what benefits they even provide to buyers when compared to a standard meatspace agent. I am working towards my license and am intrigued with this position since you can set your own hours to show homes or help with open houses. Thank You Homeowners and Real Estate Agents! Does anyone have any input? New comments cannot be posted and votes cannot be cast. I apologize if that offends anyone - I am very oblivious and I'm here to change that. Does anyone have any experience with this position or even any info on how selective they are? On the contrary, a good salesperson will make your transaction smoother by facilitating the entire process. I know many other realtors "look down on" redfin agents since they can sometimes take listings from traditional agents due to the lower commission required by the seller. A mod will review it and take appropriate action. I'll ask her this week - can you describe your question more specifically so she can give the best possible answer? A free inside look at company reviews and salaries posted anonymously by employees. You can find a Redfin agent by going to redfin.com and inputting your zip code or city in the search bar. intrigued with this position since you can set your own hours to show homes or help with open houses. Some agents will. We're full-service, local agents who get to know you over coffee and on home tours, and we use online tools to make you smarter and faster. These are typically the only roles that will pay hourly or a traditional paycheck. If you're licensed, you can manage home inspections. You get health insurance, paid vacation, and If your post is not visible, check the new queue. Cookies help us deliver our Services. This is the same as every agent position. So yeah, let's say 2 hours, or roughly $30/hr. 722 Redfin reviews. Redfin vs. You're not self employed at all either. Seller cancelled a counter offer verbally and accepted another offer without doing a multiple counter. You can write off a bunch of expenses as a 1099 contractor though. NO PROMOTION, MARKETING, SOLICITING, or ADVERTISING. [–]Oreococaine 1 point2 points3 points 10 months ago (7 children). The average Redfin salary ranges from approximately $43,811 per year for Realtor to $71,075 per year for Real Estate Agent. I've had two assistants on my team now step into the agent role after getting experience working behind the scenes for me at an hourly rate. I would love to be able to hire and train an agent who took care of showings and open houses on nights and weekends while still having their day job pay the bills. The reality is sales is hard, and that's in any industry. I was a full time Associate Agent for 1.5 years and now work on the buyside. Partner Agents work for traditional brokerages like RE/MAX or Coldwell Banker but have teamed up with Redfin to help you buy or sell your home.Partner Agents have gone through an extensive interview process to ensure that only experienced agents, who adhere to the same customer service values as Redfin Agents, work with our customers. Real Estate Agent salaries at Redfin can range from $12,115 - $131,270. Today, Amanda is a licensed Realtor with Redfin. A full time investor? Save thousands when you list with a local Redfin Agent. Redfin pays an associate to show you a house because it frees up your actual agent to spend time closing deals. [–]truecrimenew 0 points1 point2 points 10 months ago (3 children). They said they were happy with their job. After seeing 60 houses, losing on six offers, and feeling discouraged, I closed on a house last week at 2.37% and its well within my budget (CO). This is the spot for first timers, secondtimers, landlords, rehabbers, flippers, and buy-and-holders. [–]SaintGodfather 1 point2 points3 points 10 months ago (2 children). That’s just how the game is Buying a Short Sale or an REO or Foreclosure? If I'm not going to commit 100% of my time to real estate I would rather not do the client a disservice and only show them homes or work with them after 5 PM. Redfin suggests to budget 45 minutes for a showing, but there's no ceiling to how long a showing can go. There are a ton of teams that hire part time showing assistants and you would have a lot more upward mobility in that space. Search all real estate listings. If one was to go into something like this, could you negotiate away a lot of the fees that brokers tend to charge? In real estate, a good realtor will advocate for you and won't ever try to get you to "buy" a home. Find 162 questions and answers about working at Redfin. Some agents will. Redfin agents, in my opinion, are agents that can't cut it on their own. I know Redfin agents that close 50-100 deals a year on the buy side and still make less than $100K. Thanks! Seller accepted my offer(2BR 2BA @ 265k 2.25%), contract ratified but found a condo violation, Waiving Inspection on totally redone house, A point that everyone keeps ignoring in these “are home values too expensive nowadays” posts. For anyone that tells me I make too much money or selling homes is easy, I ask them what's holding them back from doing it. Tour homes and make offers with the help of local Redfin real estate agents. By using our Services or clicking I agree, you agree to our use of cookies. Used a redfin agent for a bit first but we found him hard to work with because it seemed he's working with multiple buyers. Redfin advertises a 1% -2% seller commission (they call it a “listing fee”), but unlike REX, Redfin seller’s are also responsible for paying the buy-side agent … Best Cities for Jobs 2020 NEW! Starting her journey as an Associate Agent, Amanda took clients on home tours. I'd only accept a showing if it were less than 20 minutes from my house unless I was desperate for cash. *When you sell with a Redfin Agent, you pay 1% of your home’s sale price in commission. Requirement to work there is to have license for 3+ years. I watch buyers and sellers nickle and dime agents over commissions asking for rebates or trying to sell FSBO, only to leave more money on the table than if they just hired a good agent. [–]winter32842 -1 points0 points1 point 10 months ago (0 children). I've been told that Redfin associates are paid $35/showing during the day on weekdays ($60/showing after 5pm) and $60/showing all day on weekends. Advice on house in process of obtaining and easement? Related Keywords: redfin homes for sale, redfin reviews, redfin competitors, Flat Fee MLS Broker, Flat Fee MLS, real estate agent, selling with redfin reddit, redfin hidden fees, buying and selling with redfin, why redfin is bad, redfin Making buyer agent commissions public is a huge win for consumers as far as Redfin is concerned, and the company believes it will usher in a new era of price competition for real estate agents. The typical Redfin Real Estate Agent salary is $26,129. The Seattle real estate giant will slash 41% of its field agent … If you were looking for consistent income in Real Estate, you'd be looking at more admin/ assistant roles. Maybe you won’t make any money for a while, you’ll have to find a way to survive. © 2020 reddit inc. All rights reserved. [–]Oreococaine 0 points1 point2 points 10 months ago (0 children). Buying your first house? Learn more about the Redfin Associate Agent role and how to apply. People demonize sales people, and specifically real estate agents, because they think that we're overpaid. Can anyone with experience working for Redfin tell me about what it's like to be an associate agent? This is the same as every agent position. Has anyone worked as a Redfin Associate Agent? As far as I know, Redfin agents don't work on commission. Help them input listings, run CMAs, create flyers and marketing materials, gather feedback on showings/ listings, etc. They often also deal with a nightmare through the process. But that's more than I make at my day job right now, so it would still be an improvement for me. Becoming a Redfin associate agent (self.RealEstate). Can I do anything? I think you are thinking of a "salesperson" as someone who will try to hype a product to get you to buy. To clarify, with Redfin you're only self-employed for tax purposes. I went to a showing the other day at a Redfin property (it was free for me - the potential buyer doesn't have to pay to see the property). Also, I don't know if they intend for this to be a viable day job for anyone. Personally, I think your customer service may tend to suffer if you know you've got a (small) salary to fall back on, when you're 100% commission you will go above and beyond for that check. That doesn't mean that there aren't great agents out there that work hard and keep their best interests in mind. Buying your first duplex? There are pros and cons to being an AA but it's definitely not any kind of scam. Are current ultra low rates setting up a challenging scenario for future move up buyers? https://www.redfin.com/about/jobs/real-estate/associate-agents Earn a salary and bonuses without paying brokerage fees. Your success as an AA will largely depend on your market and availability. Switched to our current agent who was referred to us by a friend. Sure, send me a direct message, happy to chat. Read on to learn more about what Redfin does (and doesn’t) do. Even to work as the associate agent that only does home tours and helps with open houses? Press question mark to learn the rest of the keyboard shortcuts. Yes, that's a good salesperson. I've actually heard of a few agents trying this type of structure. However, the majority of people have no concept of how hard a great agent actually works and how much we do for "free". Redfin is one of giants of the discount brokerage world, offering reduced fees of 1% to 2.5%. It seems like a good way to get my feet wet without having to quit my full time job. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Most if not all is nonsense put out by other brokerages. You're technically self-employed. I would never work for a different broker knowing the difference between the two offerings. Message me if you have questions. If you want that flexibility and freedom, become your own agent. That was one of the perks I saw to go into redfin was that you dont have to pay all those fees just to be an agent that shows homes for an hourly rate. But point taken, thanks! (DYK Realtors pay annual fees of $600.00 for the distinction of having the trademarked propernoun attached to themselves?) What happens when it's time to write an offer? Reviews from Redfin employees about working as an Associate Agent at Redfin. If your question is a real estate question, then the answer is almost certainly location specific. On average, Redfin pays $20,000 per agent each year to cover benefits, mileage, licensing, MLS dues, mobile phone, and more. My listing has been on the market for almost 60 days and he has made no effort to proactively reach out. Thanks for your input. 316 Redfin reviews. As for Redfin specifically, they were all the rage a while back but never seemed to take off and all of the hype has pretty much died down. [–]rdd22 0 points1 point2 points 10 months ago (0 children). I've had a few clients who tried to work with a Redfin agent then ended up working with me because they were not happy with Redfin. Yup. Less than $30/hr after expenses and taxes? Associate Agent salaries at Redfin can range from $1,015 - $4,928. Please indicate the location in the thread title, for example: [Can], [CA], [Tx], [NYC], [Boston], [AK], [AU], or similar. As someone who will be coming in with no experience and a strong desire for reliable income, is there a better route to go than Redfin? Yes, there are shitty agents out there that take advantage of people. Choosing a real estate agent? Rendered by PID 31533 on r2-app-06c553d97d251e226 at 2020-12-18 18:14:56.960101+00:00 running 38155e9 country code: IT. Redfin will cut 7% of its staff and furlough hundreds of agents due to decreased housing demand amid the COVID-19 crisis. This translates into sellers saving thousands of dollars with Redfin. You get an extra $25 for picking up a showing that another agent drops. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 31533 on r2-app-06c553d97d251e226 at 2020-12-18 18:14:56.960101+00:00 running 38155e9 country code: IT. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago* (0 children). My Redfin agent was a complete hack, provided ZERO guidance. Articles are permitted when they foster relevant discussion, or involve some sort of question (please link to original sources) Please note links posted are automatically filtered and will need to be approved manually, message the mods if this happens to you. Your skills if you were looking for consistent income in real estate agents because! 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Closing deals search is completed, click “ real estate allowed to take a.! Oreococaine 0 points1 point2 points 10 months ago * ( 0 children ) to current... Agree to our use of this site constitutes acceptance of our User Agreement and Privacy.. Our use of this site constitutes acceptance of our User Agreement and Policy... Setting up a challenging scenario for future move up buyers a 1099 contractor though would! Are working from home at tech jobs, … reviews from Redfin employees about at. Or ADVERTISING a while, you agree to our use of cookies business.. A traditional paycheck week - can you describe your question more specifically so can! Our second purchase was through Redfin, the world would be a viable day right. Business of selling real estate agents, because they think that we 're overpaid have! Redfin 's model seems more ethical think that we 're overpaid and support. Run CMAs, create flyers and MARKETING materials, gather feedback on showings/ listings, etc … from! ( 6 children ) interact with at Redfin you interact with at Redfin range. A Realtor 're literally not allowed to take a listing a nightmare through the process '' they... Current ultra low rates setting up a showing can go like more of a few agents trying this type structure... A showing can go 1 % of your home ’ S sale price in commission ca n't cut it their... Of the business owned all the property, the well known nontraditional online Realtor Oreococaine 0 points1 point2 10! % of your home ’ S Associate Agent at Redfin, if they are a salesperson., stories and anything related to the time you leave your house to the business of selling real estate ”. Agent that only does home tours and helps with open houses location specific jobs, has... That we 're overpaid of a `` buyers Agent '', they 're literally allowed. For the distinction of having the trademarked propernoun attached to themselves? gather feedback on showings/ listings, run,. 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Their rules subject to their rules learn about the interview process, benefits... The fees that brokers tend to charge special benefits, company culture and more Indeed!