Seattle-based online real estate brokerage Redfin has announced it will stat working with outside agents in markets where it has no agents of its own.
"We've got nearly half a million people browsing our website in areas where we can't afford to have agents," Redfin Chief Executive Glenn Kelman said. "So we're asking those folks if they want to work with a traditional agent, but on Redfin's terms."
Clients who buy form one of the outside agents will receive half of Redfin's referral fee, which is usually run 30% of the agents commission.Customers will be able to choose an agent from profiles that show details of every transaction since Dec. 15, 2007 and every review Redfin could get for those transactions.
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