Is Redfin really 1%?
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 commission, because the houses are listed in the MLS.
This means that most Redfin sellers end up paying 3.5%-5% in commissions..
What is the difference between Redfin and other Realtors?
They provide the same services as a traditional real estate agent, but instead of earning a commission, they’re paid a salary and bonuses. Redfin hopes that by doing away with the commission fee, their agents will focus more on customer service and less on sheer sales volume.
Is Redfin any good?
Redfin agents are generally good, yes. … Since Redfin agents are paid a salary, instead of working for a percentage-based commission, they’re less incentivized than a traditional agent to get you the highest price possible for your home.
Is Zillow or Redfin more accurate?
Each company has an estimate of their own accuracy: Redfin claims their estimates for active homes on the market have a current median error rate of just 1.77%, and off-market homes are within 6.64%. accurate. Zillow claims its estimates have an error of not greater than 7.9% on any home.