{"id":72865,"date":"2021-07-08T14:03:12","date_gmt":"2021-07-08T21:03:12","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=72865"},"modified":"2021-07-08T14:03:12","modified_gmt":"2021-07-08T21:03:12","slug":"new-agent-career-accelerator-program","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/new-agent-career-accelerator-program\/","title":{"rendered":"Career Accelerator Program Brings New, Diverse Talent into the Real Estate Industry"},"content":{"rendered":"

We are pleased to announce our new career accelerator program, which will hire and train 50 new real estate agents in the Seattle and Washington, D.C. metro areas. This program is designed for people from outside the real estate industry to successfully transition into a full-time, real estate career.<\/p>\n

Unlike most agents who work as independent contractors, earning commissions from home sales, Redfin agents are employees who earn a base salary and bonuses for every transaction. Redfin also provides comprehensive benefits, including health insurance and paid leave. In 2020, Redfin agents earned a median income of $112,200. That is more than double the median gross income of $43,330 earned by a typical Realtor in 2020, according to research<\/a> from the National Association of Realtors (NAR). Redfin agents earn an average of $63,000 in their first year at the company. Realtors with two years of experience or less earned a median gross income of just $8,500 in 2020, according to NAR.<\/p>\n

\u201cTypically, you need to spend money to make money in real estate and new agents often rack up debt on dues, fees, marketing and technology costs before they sell a house or earn a penny. The career accelerator program gives new agents everything they need to thrive in their first year: a salary and benefits, training, team support, introductions to customers, and a $1,500 signing bonus to make the transition easier,\u201d said Kathryn Rion, senior director of real estate operations.<\/p>\n

\u201cMany people who want to pursue a real estate career are dissuaded by the start-up costs, financial insecurity, lack of benefits, and sink or swim mentality that is common in the industry,\u201d Rion continued. \u201cBy providing on-the-job training and eliminating hurdles and expenses for new agents, we hope to encourage people from diverse backgrounds to join us in our mission to redefine real estate in the consumer\u2019s favor. You shouldn\u2019t have to dig into savings or go into debt or forgo health care just to get started in real estate.\u201d<\/p>\n

Participants in the career accelerator program will receive comprehensive training and individual coaching to learn everything required to become a successful agent, including customer service, real estate contracts, negotiation and transaction management. Each agent-in-training will be supported by a team and local manager focused on their career success. An experienced local trainer will coach new agents through their first three transactions. Like all Redfin agents, agents-in-training will have access to our leading technology platform and will have the opportunity to meet serious customers through the website so they can start growing their business right away.<\/p>\n

The program is accepting applications through August. Once accepted, participants will have until the end of October to complete their licensing coursework and pass the licensing exam. Once licensed, participants will start in November as full-time real estate agents with Redfin and receive a $1,500 signing bonus to cover the start-up costs and ease the transition. Because agents-in-training will start at the same time, they\u2019ll have the added benefit of learning together in a collaborative program.<\/p>\n

The career accelerator program is an addition to our ongoing agent recruitment and training efforts. The company is growing rapidly and hiring hundreds of agents across the country this year. We offer a variety of real estate agent and support roles to fit candidates\u2019 career goals, skill sets and experience levels.<\/p>\n

\u201cTo keep up with our rapid growth, we need to develop talent from other industries as well as recent graduates,\u201d said Rion. \u201cFolks with experience in retail, hospitality, sales, the military, and other industries bring transferable skills and valuable new perspectives to our business. We\u2019re excited to soon welcome our first cohort of agents-in-training in Seattle and Washington, D.C. and to get them started in a fulfilling career where they can make a meaningful impact on people\u2019s lives.\u201d<\/p>\n

Visit https:\/\/www.redfin.com\/careers\/real-estate<\/a> to learn more about real estate opportunities at Redfin.\u00a0 Candidates can apply for the career accelerator program here:<\/p>\n