Redfin Next is coming to 25 new markets! Agents in these markets earn competitive splits as high as 70% and have virtually all business expenses covered. They also get technology, support, benefits and customer introductions from Redfin.com—everything they need to amplify their business and focus on serving their customers well.
Since launching in October 2023, Redfin Next has proven to be even better than we imagined at igniting our salesforce, helping us recruit new talent. 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. 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.
We initially announced the plan in San Francisco and Los Angeles and have since expanded it to San Diego, Orange County, Chicago, Connecticut, Dallas, Miami, New York, Palm Beach, and Washington, D.C. Since launch, we’ve recruited more than 140 top producing agents in these markets. Now, we’re excited to bring Redfin Next 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.
The 25 expansion markets will move to the Redfin Next pay plan on August 11. Agents in these markets will continue to work as employees, not independent contractors. Our 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. We use 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.
Here’s what Michael Odeh, a Redfin Premier agent in Chicago who’s been on the Redfin Next plan since early May, had to say about it: “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.”
We’re 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.
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