A jury today issued a verdict in the Sitzer-Burnett federal class-action lawsuit finding that the National Association of Realtors and major real estate franchisors conspired to inflate real estate commissions, by requiring home sellers to offer a commission to the agent representing a buyer, as a prerequisite to listing their property. Damages of $1.8 Billion
In San Francisco and Los Angeles, Redfin is launching a new pay plan offering the agents we employ traditional commission splits, paired with Redfin’s customers, benefits and support. Agents interested in learning more about the plan can visit redfin.com/max. A Split Up to 75%. 100+ Customers per Year. Virtually No Expenses. Under this plan, called
The following letter is from Redfin’s leadership team: Redfin is moving to end our support of the National Association of Realtors for two reasons: NAR policies requiring a fee for the buyer’s agent on every listing a pattern of alleged sexual harassment. A Long Time Coming We’ve had many meetings with NAR execs to explore
Our CEO, Glenn Kelman, sent this email to all Redfin employees on August 29, 2023. Dear Redfin, Redfin’s president of real estate services, Adam Wiener, is leaving Redfin. He joined us in 2007 as a product manager for agent tools, then ran our partner program, analytics, marketing, a variety of new businesses, and, finally, Redfin
In response to employee questions about how the Supreme Court’s affirmative action ruling would affect Redfin’s diversity policies, Redfin CEO Glenn Kelman posted this message to a Slack channel for all employees. The Court’s Ruling Doesn’t Apply to Redfin Many Redfin employees have asked us about Thursday’s Supreme Court ruling on affirmative action at Harvard
Our CEO, Glenn Kelman, sent this email to all Redfin employees on May 24, 2023. For the public posting, we removed links to our intranet. Dear Redfin, As promised at Redferno, Redfin is updating our values for the first time in 15 years. Many of our values are unchanged: to do the right thing, to
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