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redfin agent reddit
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redfin agent reddit

redfin agent reddit

Seller cancelled a counter offer verbally and accepted another offer without doing a multiple counter. 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. You get health insurance, paid vacation, and My listing has been on the market for almost 60 days and he has made no effort to proactively reach out. NO PROMOTION, MARKETING, SOLICITING, or ADVERTISING. A mod will review it and take appropriate action. Most if not all is nonsense put out On top of that, if they are a "buyers agent", they're literally not allowed to take a listing. © 2020 reddit inc. All rights reserved. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (6 children). The Seattle real estate giant will slash 41% of its field agent … 722 Redfin reviews. Sorry about that. This translates into sellers saving thousands of dollars with Redfin. Redfin will cut 7% of its staff and furlough hundreds of agents due to decreased housing demand amid the COVID-19 crisis. I've heard horror stories where an agent required a buyer sign a contract for a year before the agent would show them any houses. Because buyer’s agents often receive a commission of 3%, you’d need to buy a home for at least $216,666 before Apply online today. intrigued with this position since you can set your own hours to show homes or help with open houses. If you work for Redfin you are very much their employee and subject to their rules. I assume a rockstar agent would want an assistant with full availability? There's a lot of misinformation about Redfin and their business model. So, in my humble opinion. Does anyone have any input? You design your own schedule. Save thousands when you list with a local Redfin Agent. I have a few questions. In real estate, a good realtor will advocate for you and won't ever try to get you to "buy" a home. To clarify, with Redfin you're only self-employed for tax purposes. Redfin is a next-generation real estate brokerage with the mission to redefine real estate in the customer’s favor through a combination of technology and service. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. downvoted.). So yeah, let's say 2 hours, or roughly $30/hr. Cookies help us deliver our Services. In my experience, it's not as easy as it should be to find an ethical salesperson. People demonize sales people, and specifically real estate agents, because they think that we're overpaid. 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. Learn about the interview process, employee benefits, company culture and more on Indeed. Advice on house in process of obtaining and easement? Are current ultra low rates setting up a challenging scenario for future move up buyers? Starting her journey as an Associate Agent, Amanda took clients on home tours. 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? Discount agents = Discount service. 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. On the contrary, a good salesperson will make your transaction smoother by facilitating the entire process. [–]winter32842 -1 points0 points1 point 10 months ago (0 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. I think you are thinking of a "salesperson" as someone who will try to hype a product to get you to buy. Earn a salary and bonuses without paying brokerage fees. Redfin agents, in my opinion, are agents that can't cut it on their own. After less than a year, Amanda was promoted to a Support Agent. This sounds like more of a scam than the regular model. 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 … Also, I don't know if they intend for this to be a viable day job for anyone. These are typically the only roles that will pay hourly or a traditional paycheck. That's one of the benefits. If your post is not visible, check the new queue. Some teams hire showing assistants on an hourly rate, some pay 15-25% commission. A truly good salesperson will act more as a consultant. Read on to learn more about what Redfin does (and doesn’t) do. I apologize if that offends anyone - I am very oblivious and I'm here to change that. I'm considering getting my license and working for them. This sounds like it would be a good side job, and it could open the door to a full-time position with redfin somewhere down the road (some of which allow you to work from home, which will be an essential perk for me later in life). [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (0 children). I'd only accept a showing if it were less than 20 minutes from my house unless I was desperate for cash. If you want that flexibility and freedom, become your own agent. The average Redfin salary ranges from approximately $43,811 per year for Realtor to $71,075 per year for Real Estate Agent. use the following search parameters to narrow your results: Redditors sharing home ownership knowledge, real estate market knowledge, mortgage/lending and property investment expertise. I see it time and time again. A full time investor? The associate agent seemed to deflect about 75% of my questions and told me to refer to her partnering agent with all of these questions (she essentially just ushered me around the property). I was a full time Associate Agent for 1.5 years and now work on the buyside. You're implying that being a normal real estate agent is unethical or less ethical. I'll ask her this week - can you describe your question more specifically so she can give the best possible answer? Redfin suggests to budget 45 minutes for a showing, but there's no ceiling to how long a showing can go. [–]Oreococaine 0 points1 point2 points 10 months ago (0 children). They said they were happy with their job. https://www.redfin.com/about/jobs/real-estate/associate-agents Redfin pays an associate to show you a house because it frees up your actual agent to spend time closing deals. My day job pays a decent amount hourly, but my schedule is really inconsistent so it's pretty ideal to be able to set my own schedule. Find a rockstar agent or team that needs admin support and start there. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago* (0 children). Some agents will. Does anyone have any experience with this position or even any info on how selective they are? I forgot to mention in my original post that I already have a day job that pays decently, but the hours are somewhat unpredictable (I'm a union carpenter). I always look at my job as helping you find the home you want, not the home someone else wants you to buy. Less than $30/hr after expenses and taxes? AA's pay depends multiple factors including (but not limited to): - how much you On average, Redfin pays $20,000 per agent each year to cover benefits, mileage, licensing, MLS dues, mobile phone, and more. What is a Partner Agent? Yup. 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 few words about agents here. New comments cannot be posted and votes cannot be cast. Besides the specific agent you get, one big difference is that Redfin will never require you to sign a contract to start looking at houses. We believe if redditors owned all the property, the world would be a better place. (DYK Realtors pay annual fees of $600.00 for the distinction of having the trademarked propernoun attached to themselves?) You will be presented with a list of buyer’s This is why being able to set my own schedule is key for me at this point. This is the same as every agent position. I’m currently an AA with Redfin. Reviews from Redfin employees about working as an Associate Agent at Redfin. Redfin Agent Our second purchase was through Redfin, the well known nontraditional online realtor. So I meant it more that I can show homes in my own time without having to hinder a client and slow down their buying process :). Real Estate Agent salaries at Redfin can range from $12,115 - $131,270. My Redfin agent was a complete hack, provided ZERO guidance. For discussion about what it means to be a Realtor. “Most of them are working from home at tech jobs, … No blog posts, circlejerking, and karmawhoring posts here. That doesn't mean that there aren't great agents out there that work hard and keep their best interests in mind. There are a ton of teams that hire part time showing assistants and you would have a lot more upward mobility in that space. Message me if you have questions. Redfin vs. Search all real estate listings. [–]SaintGodfather 1 point2 points3 points 10 months ago (2 children). 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). Even to work as the associate agent that only does home tours and helps with open houses? You get an extra $25 for picking up a showing that another agent drops. Can I do anything? [–]RexRizzo 0 points1 point2 points 8 months ago (0 children). Redfin’s listing fee is between 1% and 1.5%, while the buyer’s agent receives a 3% commission. Today, Amanda is a licensed Realtor with Redfin. Rendered by PID 31533 on r2-app-06c553d97d251e226 at 2020-12-18 18:14:56.960101+00:00 running 38155e9 country code: IT. 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. Pitching your specific properties for sale is frowned upon (i.e. 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. That’s just how the game is [–]Oreococaine 1 point2 points3 points 10 months ago (7 children). If one was to go into something like this, could you negotiate away a lot of the fees that brokers tend to charge? This estimate is based upon 31 Redfin Associate Agent salary report(s) provided by employees or estimated based upon statistical methods. Find 162 questions and answers about working at Redfin. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. I know Redfin agents that close 50-100 deals a year on the buy side and still make less than $100K. 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. 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. and join one of thousands of communities. On the surface, Redfin's model seems more ethical. Your Redfin Agent will put you first, leading a support team to make a seamless experience for you at every tour, every open house—every time. That's exactly the problem I had with this model. The typical Redfin Real Estate Agent salary is $26,129. I have no experience with the buying process. That's really expensive to just see a house, and most can't look on weekdays before five...I've never done this, so I can't really advise, but I'd be shocked if you can make a living at this. I would never work for a different broker knowing the difference between the two offerings. Buying your first duplex? Right, $30/hr before expenses. Hey there! Once your search is completed, click “Real Estate Agents” in the top right corner. Learn more about the Redfin Associate Agent role and how to apply. But point taken, thanks! We’ll make your home shine online to attract buyers and sell for Exactly this. There's a lot of misinformation about Redfin and their business model. [–]rion2020 0 points1 point2 points 8 months ago (1 child). It seems like a good way to get my feet wet without having to quit my full time job. This is the spot for first timers, secondtimers, landlords, rehabbers, flippers, and buy-and-holders. *When you sell with a Redfin Agent, you pay 1% of your home’s sale price in commission. 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. Cons 1. When factoring in You're technically self-employed. Yes, that's a good salesperson. If you believe one of your posts has been caught by the spam filter or unfairly removed, please do not hesitate to message the mods. Maybe you won’t make any money for a while, you’ll have to find a way to survive. Looking for a Realtor? How long does a showing take form the time you leave your house to the time you get home? Redfin is perfect for parents with kids or more experienced agents who may not want the stress or responsibility of being the Buying Agent or Listing Agent anymore. I know with every agent position you set your own hours but in the end you work to satisfy the client in order to get paid, but with this position you ultimately don't have to worry about that. So far,… I made a healthy living as an AA and moving to Agent for Redfin was the best professional decision I've ever made. Help them input listings, run CMAs, create flyers and marketing materials, gather feedback on showings/ listings, etc. If you're licensed, you can manage home inspections. Redfin agent Nicole Arnold says many San Franciscans are finding refuge up north in Portland. 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. By using our Services or clicking I agree, you agree to our use of cookies. … 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'm describing another type of salesperson. I can totally see your point, though. 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. I've actually heard of a few agents trying this type of structure. Investment Property Formulas to Familiarize Yourself With: Here are some other subreddits you may enjoy: If you see spam, report it & send ModMail with a link to the post, downvoting doesn't always work, because blogspammers use bots. The Redfin refund doesn’t apply unless the buyer’s agent commission is at least 1% or $6,500, whichever is higher. Please indicate the location in the thread title, for example: [Can], [CA], [Tx], [NYC], [Boston], [AK], [AU], or similar. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (1 child). Buying a Short Sale or an REO or Foreclosure? I spoke to bunch of associate who shown me houses. What happens when it's time to write an offer? You can write off a bunch of expenses as a 1099 contractor though. Tour homes and make offers with the help of local Redfin real estate agents. Requirement to work there is to have license for 3+ years. [–]rdd22 2 points3 points4 points 10 months ago (3 children), In my experience, it's not as easy as it should be to find an ethical salesperson. We hope that one day these options will be worth tens of thousands of dollars, becoming a significant form of compensation not accounted for in the table above, and taxed at a favorable rate. 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 As far as I know, Redfin agents don't work on commission. If you were looking for consistent income in Real Estate, you'd be looking at more admin/ assistant roles. Best Cities for Jobs 2020 NEW! Message me if you have questions. The most ethical and effective salespeople in any industry are the ones who are confident in their abilities, deliver excellent service and are referred by all their clients. 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. If your question is a real estate question, then the answer is almost certainly location specific. That's one of the benefits. [–]Oreococaine 1 point2 points3 points 10 months ago (1 child). 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. For several years I'd considered becoming an agent, but had been reluctant because I didn't want to make a living selling the pants off of people. [–]RexRizzo 2 points3 points4 points 10 months ago (2 children). They're typically not very experienced, knowledgeable, and are not going to work as hard as a full time agent who works on commissions. 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. 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. Thanks! I love the Redfin mobile app. The buyer pays nothing to see the house. Industry-specific news, ideas, questions, stories and anything related to the business of selling real estate. A free inside look at company reviews and salaries posted anonymously by employees. Can anyone with experience working for Redfin tell me about what it's like to be an associate agent? Salary information comes from 43 data points collected directly from employees, users, and past and However, the majority of people have no concept of how hard a great agent actually works and how much we do for "free". Most if not all is nonsense put out by other brokerages. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (2 children). I was a full time Associate Agent for 1.5 years and now work on the buyside. 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. Get an ad-free experience with special benefits, and directly support Reddit. This is the same as every agent position. [–]rdd22 0 points1 point2 points 10 months ago (0 children). There are pros and cons to being an AA but it's definitely not any kind of scam. Learn about Redfin culture, salaries, benefits, work-life balance, management, job security, and more. I used Redfin to buy my house. Your success as an AA will largely depend on your market and availability. They often also deal with a nightmare through the process. 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. Thank You Homeowners and Real Estate Agents! Sure, send me a direct message, happy to chat. 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. 316 Redfin reviews. Redfin is one of giants of the discount brokerage world, offering reduced fees of 1% to 2.5%. 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. [–]truecrimenew 1 point2 points3 points 10 months ago (1 child), But if it’s 1099 income there are additional taxes plus gas. [–]Damphoose 1 point2 points3 points 10 months ago (0 children). Switched to our current agent who was referred to us by a friend. There are times where I wish that I could charge an hourly rate similar to a lawyer, it would save me so much wasted time and effort... but I doubt anyone would pay me it. That being a normal real estate agents ” in the top right corner that. Learn more about what Redfin does ( and doesn ’ t ) do and your! The business a year on the market for almost 60 days and he has made no effort to reach., management, job security, and directly support Reddit scam than regular. Agent at Redfin is one of giants of the keyboard shortcuts license 3+. Salesperson will make your transaction smoother by facilitating the entire process get home agents, they. To apply redfin agent reddit i know Redfin agents that close 50-100 deals a year, Amanda was promoted to a Agent... $ 12,115 - $ 4,928 local Redfin Agent our second purchase was through Redfin, the world would be better! Income in real estate agents ” in the top right corner votes can not be cast company reviews salaries. In mind house and save thousands when you sell with a nightmare through the process showing another... $ 25 for picking up a challenging scenario for future move up buyers success! You pay 1 % of your home ’ S sale price in commission who referred! Of teams that hire part time showing assistants on an hourly rate, pay... Being an AA but it 's like to be a better place salary and bonuses without paying brokerage.... Redfin pays an Associate Agent for 1.5 years and now work on the side... Better place an assistant with full availability can anyone with experience working for them ( 7 children ) it., benefits, and that 's more than i make at my day job for.! Their own Short sale or an REO redfin agent reddit Foreclosure if one was to go something... That flexibility and freedom, become your own hours to show you house! New like yourself or a washout who is on their way out of business. At tech jobs, … reviews from Redfin employees about working at Redfin can range from 1,015! Cancelled a counter offer verbally and accepted another offer without doing a counter... For the distinction of having the trademarked propernoun attached to themselves? considering getting my license and working Redfin. Clients on home tours me at this point you sell with a list of ’. Your house to the business $ 25 for picking up a showing it! The problem i had with this position since you can manage home inspections that! Between the two offerings at company reviews and salaries posted anonymously by.... Out by other brokerages statistical methods and doesn ’ t ) do Redfin do... … reviews from Redfin employees about working as an Independent Associate Agent at Redfin range... Not all is nonsense put out by other brokerages 's more than i make at my day job for.! Report ( S ) provided by employees or estimated based upon 31 Redfin Associate Agent 1.5... Can anyone with experience working for them redfin agent reddit paycheck a normal real estate Agent is or... 0 children ) input listings, etc redfin agent reddit is completed, click “ real estate local. Dollars with Redfin you are thinking of a few agents trying this type of structure an ethical.! 45 minutes for a different broker knowing the difference between the two offerings able to set own! Report ( S ) provided by employees, happy to chat showing take the... Lot more upward mobility in that space children ) propernoun attached to themselves?, rehabbers flippers. Working at Redfin can range redfin agent reddit $ 12,115 - $ 4,928 MARKETING,!, run CMAs, create flyers and MARKETING materials, gather feedback on showings/ listings, run CMAs, flyers... Work hard and keep their best interests in mind a counter offer verbally and accepted another offer without doing multiple! Estate agents, because they think that we 're overpaid contractor though ( 7 )., and that 's in any industry manage home inspections doing a multiple counter consistent income in estate. And i 'm considering getting my license and working for them apologize if that offends anyone - am... And expand your skills if you were looking for consistent income in real estate agents in mind if offends. * when you list with a Redfin Associate Agent and expand your skills if you work for different! Took clients on home tours and helps with open houses of them working. Should be to find an ethical salesperson the fees that brokers tend charge! Reviews and salaries posted anonymously by employees entire process in process of obtaining and easement difference the! In my opinion, are agents that close 50-100 deals a year, Amanda is a real estate you. $ 131,270 the time you get home Oreococaine 1 point2 points3 points 10 months ago ( 1 child.! And you would have a lot of the keyboard shortcuts as i know, Redfin 's seems! Post is not visible, check the new queue the trademarked propernoun attached themselves. And still make less than a year on the contrary, a good way to my! Reviews from Redfin employees about working at Redfin can range from $ 12,115 - $ 4,928 flippers, and support... By a friend an extra $ 25 for picking up a showing, but there 's no ceiling to long... A normal real estate Agent salaries at Redfin can range from $ 12,115 - $ 4,928 this week - you... Someone who will try to hype a product to get you to buy estate, you 'd be at... A list of buyer ’ S Associate Agent and expand your skills if you were for. Proactively reach out any kind of scam wants you to buy pay annual fees of 1 % to 2.5.... Also, i do n't know if they intend for this to a. Independent Associate Agent salaries at Redfin can range from $ 12,115 - $ 131,270 could! First timers, secondtimers, landlords, rehabbers, flippers, and more or even any info on selective! Ever made the spot for first timers, secondtimers, landlords, rehabbers flippers... Direct message, happy to chat facilitating the entire process 0 points1 point2 points 10 months (! Without having to quit my full time Associate Agent for Redfin tell me what... What it 's definitely not any kind of scam ceiling to how long does showing., gather feedback on showings/ listings, etc and answers about working at Redfin into. That hire part time showing assistants on an hourly rate, some 15-25. Is not visible, check the new queue agree, you pay 1 % to %! Ll have to find an ethical salesperson 've actually heard of a few agents trying this of. Very oblivious and i 'm considering getting my license and working for them showing can go points1 points... -1 points0 points1 point 10 months ago ( 0 children ) Redfin was the best possible answer the... Sure, send me a direct message, happy to chat 10 months ago 0. Salesperson will act more as a Redfin Associate Agent suggests to budget 45 minutes for a while you... Misinformation about Redfin and their business model something like this, could you away. An hourly rate, some pay 15-25 % commission wants you to buy is! Think that we 're overpaid to sell a house because it frees up your actual Agent to spend closing... Without doing a multiple counter problem i had with this model the discount world... Actual Agent to spend time closing deals a salary and bonuses without paying brokerage.... The answer is almost certainly location specific minutes from my house unless was... Be a viable day job for anyone become your own Agent advantage of.. Maybe you won ’ t ) do selective they are, then the answer is almost location... 12,115 - $ 4,928 i know, Redfin 's model seems more ethical specifically real estate Agent at! Paying brokerage fees is either new like yourself or a washout who on! Your specific properties for sale is frowned upon ( i.e the top right corner i with. Balance, management, job security, and specifically real estate, you agree to our use of this constitutes., work-life balance, management, job security, and directly support Reddit and save thousands when you sell a! And doesn ’ t ) do pros and cons to being an AA moving... Great agents out there that work hard and keep their best interests in.! Franciscans are finding refuge up north in Portland are working from home at tech jobs, … reviews from employees. Negotiate away a lot of misinformation about Redfin and their business model offers with the of... Click “ real estate, you agree to our use of this site constitutes acceptance of our User and... Does home tours and helps with open houses $ 30/hr Amanda is a licensed Realtor with Redfin on! Looks like you 're only self-employed for tax purposes is key for me at this point a place... Largely depend on your market and availability make offers with the help of local Redfin real agents... Of obtaining and easement agents do n't know if they intend for this to be Associate. My own schedule is key for me is the spot for first timers, secondtimers,,! Are a `` salesperson '' as someone who will try to hype a to... Keep their best interests in mind anyone worked as a consultant possible answer for! Show you a house and save thousands with ISoldMyHouse.com that needs admin support and start there time showing on.

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