The Seattle-headquartered brokerage Redfin (NASDAQ:RDFN) has expanded its Sign & Save program to more than a dozen markets including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco.
According to the company, homebuyers who participate in the program and work with a Redfin agent before the second tour can get a refund of 0.25% to 0.5% of the purchase price at closing.
The program was piloted in a handful of markets last September and was launched in additional markets in January; it is now available nationwide except in states where commission refunds are prohibited by law.
“With Sign & Save, Redfin is giving consumers a better deal in real estate,” said Jason Aleem, Redfin’s senior vice president of real estate operations. “This program rewards customers who commit to working with a Redfin agent early in the process, which is helping drive more sales for our agents. Not only are we putting money back in our customers’ pocket, we’re also educating them about how real estate commissions work and how Redfin can help them win. This is good for our customers, our agents and our growth as a brokerage, which is why we’re expanding it everywhere we can.”
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Commit to a rookie, inexperienced, low info, just got my license and don’t own anything agent aka a Redfin agent… nice.