Seattle-headquartered Redfin (NASDAQ: RDFN) is expanding the Redfin Next agent compensation plan nationwide on Oct. 27.
According to the company, all Redfin agents will earn competitive splits as high as 75% and will have virtually all their business expenses covered. Redfin Next initially launched last January in four California markets – San Francisco, Los Angeles, Orange County and San Diego – and has since expanded to additional markets.
“We’re fully committing to Redfin Next because it has played a significant role in transforming our business and propelling our growth,” said Jason Aleem, Redfin’s chief of real estate services. “Redfin Next has empowered our agents to amplify their businesses and unlocked the opportunity for them to earn more money, while also inspiring other entrepreneurial agents to join us. Having the best agents in the industry is critical to our mission to make real estate better for consumers, and with Redfin Next, we know we can continue to grow our impact.”
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failing business model and really crappy agents. Redfin is a joke