Transparent RE looks at Redfin
Transparent RE, Deconstructing the Redfin Debate.
Can a seasoned top producing agent negotiate and purchase a home on a full 3% commission basis that will be financially more rewarding to the buyer than a Redfin agent working on a net 1% commission basis? In other words, will a top producer be able to negotiate a deal that is over 2% better than the Redfin agent?
The way I would spin that is can a seasoned top producing agent who makes less commission by negotiating down the price (if the house is listed for $500,000 and the agent is making 3% they stand to make less money if I offer $450,000) negotiate a better deal than a Redfin agent who is compensated based on customer satisfaction and not on commission?