There are pros and cons to being an AA but it's definitely not any kind of scam. 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. 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. 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. Real Estate Agent salaries at Redfin can range from $12,115 - $131,270. Buying a Short Sale or an REO or Foreclosure? Today, Amanda is a licensed Realtor with Redfin. [–]Damphoose 1 point2 points3 points 10 months ago (0 children). Because buyer’s agents often receive a commission of 3%, you’d need to buy a home for at least $216,666 before Message me if you have questions. Message me if you have questions. Can I do anything? Please indicate the location in the thread title, for example: [Can], [CA], [Tx], [NYC], [Boston], [AK], [AU], or similar. People demonize sales people, and specifically real estate agents, because they think that we're overpaid. 722 Redfin reviews. I’m currently an AA with Redfin. Find 162 questions and answers about working at Redfin. use the following search parameters to narrow your results: Redditors sharing home ownership knowledge, real estate market knowledge, mortgage/lending and property investment expertise. A free inside look at company reviews and salaries posted anonymously by employees. Does anyone have any input? You're not self employed at all either. Exactly this. Associate Agent salaries at Redfin can range from $1,015 - $4,928. The Redfin refund doesn’t apply unless the buyer’s agent commission is at least 1% or $6,500, whichever is higher. 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). 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. [–]Oreococaine 1 point2 points3 points 10 months ago (1 child). Redfin pays an associate to show you a house because it frees up your actual agent to spend time closing deals. Some agents will. Find a rockstar agent or team that needs admin support and start there. The typical Redfin Real Estate Agent salary is $26,129. 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. Choosing a real estate agent? Becoming a Redfin associate agent (self.RealEstate). Most if not all is nonsense put out I was a full time Associate Agent for 1.5 years and now work on the buyside. 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. 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 :). However, the majority of people have no concept of how hard a great agent actually works and how much we do for "free". When factoring in I'm describing another type of salesperson. That's one of the benefits. Contract with Redfin as an Independent Associate Agent and expand your skills if you're newly licensed. [–]rion2020 0 points1 point2 points 8 months ago (1 child). Looking for a Realtor? 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. I assume a rockstar agent would want an assistant with full availability? That’s just how the game is You design your own schedule. 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. Less than $30/hr after expenses and taxes? So far,… and join one of thousands of communities. 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? Yup. 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. For discussion about what it means to be a Realtor. Redfin Agent Our second purchase was through Redfin, the well known nontraditional online realtor. By using our Services or clicking I agree, you agree to our use of cookies. What happens when it's time to write an offer? Looks like you're using new Reddit on an old browser. This is the same as every agent position. Redfin vs. Switched to our current agent who was referred to us by a friend. Advice on house in process of obtaining and easement? Earn a salary and bonuses without paying brokerage fees. 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 AA's pay depends multiple factors including (but not limited to): - how much you Buying your first duplex? I think you are thinking of a "salesperson" as someone who will try to hype a product to get you to buy. Yes, there are shitty agents out there that take advantage of people. They're typically not very experienced, knowledgeable, and are not going to work as hard as a full time agent who works on commissions. Sorry about that. Industry-specific news, ideas, questions, stories and anything related to the business of selling real estate. I can totally see your point, though. There's a lot of misinformation about Redfin and their business model. Most if not all is nonsense put out by other brokerages. I've actually heard of a few agents trying this type of structure. 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 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. NO PROMOTION, MARKETING, SOLICITING, or ADVERTISING. Learn about the interview process, employee benefits, company culture and more on Indeed. You can write off a bunch of expenses as a 1099 contractor though. 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). Press question mark to learn the rest of the keyboard shortcuts. Get an ad-free experience with special benefits, and directly support Reddit. The average Redfin salary ranges from approximately $43,811 per year for Realtor to $71,075 per year for Real Estate Agent. Seller cancelled a counter offer verbally and accepted another offer without doing a multiple counter. 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. I'm considering getting my license and working for them. Every agent you interact with at Redfin is either new like yourself or a washout who is on their way out of the business. *When you sell with a Redfin Agent, you pay 1% of your home’s sale price in commission. I went to a showing the other day at a Redfin property (it was free for me - the potential buyer doesn't have to pay to see the property). Tour homes and make offers with the help of local Redfin real estate agents. 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. You're implying that being a normal real estate agent is unethical or less ethical. Right, $30/hr before expenses. This sounds like more of a scam than the regular model. We’ll make your home shine online to attract buyers and sell for Thanks for your input. But point taken, thanks! 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. That's one of the benefits. Search all real estate listings. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (2 children). 316 Redfin reviews. Reviews from Redfin employees about working as an Associate Agent at Redfin. Requirement to work there is to have license for 3+ years. What is a Partner Agent? I know Redfin agents that close 50-100 deals a year on the buy side and still make less than $100K. 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. I watch buyers and sellers nickle and dime agents over commissions asking for rebates or trying to sell FSBO, only to leave more money on the table than if they just hired a good agent. Redfin’s listing fee is between 1% and 1.5%, while the buyer’s agent receives a 3% commission. Save thousands when you list with a local Redfin Agent. We believe if redditors owned all the property, the world would be a better place. A truly good salesperson will act more as a consultant. Discount agents = Discount service. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (1 child). How long does a showing take form the time you leave your house to the time you get home? [–]Oreococaine 1 point2 points3 points 10 months ago (7 children). Yes, that's a good salesperson. [–]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. 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. That's exactly the problem I had with this model. They often also deal with a nightmare through the process. 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. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (6 children). We have tried apps like Zillow (inaccurate since they’re not an actual MLS), Trulia (owned by Zillow 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. intrigued with this position since you can set your own hours to show homes or help with open houses. “Most of them are working from home at tech jobs, … Some teams hire showing assistants on an hourly rate, some pay 15-25% commission. Also, I don't know if they intend for this to be a viable day job for anyone. [–]RexRizzo 0 points1 point2 points 8 months ago (0 children). A mod will review it and take appropriate action. If you're licensed, you can manage home inspections. They said they were happy with their job. I'd only accept a showing if it were less than 20 minutes from my house unless I was desperate for cash. … To clarify, with Redfin you're only self-employed for tax purposes. Redfin agents, in my opinion, are agents that can't cut it on their own. This estimate is based upon 31 Redfin Associate Agent salary report(s) provided by employees or estimated based upon statistical methods. 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. Starting her journey as an Associate Agent, Amanda took clients on home tours. As far as I know, Redfin agents don't work on commission. Does anyone have any experience with this position or even any info on how selective they are? Hey there! I'll ask her this week - can you describe your question more specifically so she can give the best possible answer? I spoke to bunch of associate who shown me houses. Can anyone with experience working for Redfin tell me about what it's like to be an associate agent? 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. [–]SaintGodfather 1 point2 points3 points 10 months ago (2 children). 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. My Redfin agent was a complete hack, provided ZERO guidance. If your question is a real estate question, then the answer is almost certainly location specific. I apologize if that offends anyone - I am very oblivious and I'm here to change that. Pitching your specific properties for sale is frowned upon (i.e. [–]RexRizzo 2 points3 points4 points 10 months ago (2 children). Your success as an AA will largely depend on your market and availability. Redfin will cut 7% of its staff and furlough hundreds of agents due to decreased housing demand amid the COVID-19 crisis. downvoted.). I always look at my job as helping you find the home you want, not the home someone else wants you to buy. The reality is sales is hard, and that's in any industry. This is the same as every agent position. But that's more than I make at my day job right now, so it would still be an improvement for me. In my experience, it's not as easy as it should be to find an ethical salesperson. The Seattle real estate giant will slash 41% of its field agent … This is the spot for first timers, secondtimers, landlords, rehabbers, flippers, and buy-and-holders. My listing has been on the market for almost 60 days and he has made no effort to proactively reach out. A few words about agents here. 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'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. I would never work for a different broker knowing the difference between the two offerings. 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. Redfin is one of giants of the discount brokerage world, offering reduced fees of 1% to 2.5%. I used Redfin to buy my house. Once your search is completed, click “Real Estate Agents” in the top right corner. New comments cannot be posted and votes cannot be cast. The buyer pays nothing to see the house. Best Cities for Jobs 2020 NEW! Some agents will. That doesn't mean that there aren't great agents out there that work hard and keep their best interests in mind. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. These are typically the only roles that will pay hourly or a traditional paycheck. [–]rdd22 0 points1 point2 points 10 months ago (0 children). Apply online today. So, in my humble opinion. On the contrary, a good salesperson will make your transaction smoother by facilitating the entire process. If you were looking for consistent income in Real Estate, you'd be looking at more admin/ assistant roles. Learn about Redfin culture, salaries, benefits, work-life balance, management, job security, and more. Cons 1. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago (0 children). A full time investor? Buying your first house? It seems like a good way to get my feet wet without having to quit my full time job. I've had a few clients who tried to work with a Redfin agent then ended up working with me because they were not happy with Redfin. If one was to go into something like this, could you negotiate away a lot of the fees that brokers tend to charge? Cookies help us deliver our Services. I love the Redfin mobile app. It would be years before I could afford to take a pay cut and move to what it sounds like would be a lower wage position. You get an extra $25 for picking up a showing that another agent drops. Rendered by PID 31533 on r2-app-06c553d97d251e226 at 2020-12-18 18:14:56.960101+00:00 running 38155e9 country code: IT. You’re confused. You can find a Redfin agent by going to redfin.com and inputting your zip code or city in the search bar. [–]truecrimenew 0 points1 point2 points 10 months ago (3 children). Learn how to sell a house and save thousands with ISoldMyHouse.com. 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. 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 … Has anyone worked as a Redfin Associate Agent? Maybe you won’t make any money for a while, you’ll have to find a way to survive. If your post is not visible, check the new queue. No blog posts, circlejerking, and karmawhoring posts here. 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). So yeah, let's say 2 hours, or roughly $30/hr. I have no experience with the buying process. You get health insurance, paid vacation, and On top of that, if they are a "buyers agent", they're literally not allowed to take a listing. Are current ultra low rates setting up a challenging scenario for future move up buyers? In real estate, a good realtor will advocate for you and won't ever try to get you to "buy" a home. After less than a year, Amanda was promoted to a Support Agent. Read on to learn more about what Redfin does (and doesn’t) do. (DYK Realtors pay annual fees of $600.00 for the distinction of having the trademarked propernoun attached to themselves?) 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. 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. Learn more about the Redfin Associate Agent role and how to apply. There's a lot of misinformation about Redfin and their business model. Thank You Homeowners and Real Estate Agents! On average, Redfin pays $20,000 per agent each year to cover benefits, mileage, licensing, MLS dues, mobile phone, and more. Thanks! © 2020 reddit inc. All rights reserved. Salary information comes from 43 data points collected directly from employees, users, and past and Redfin agent Nicole Arnold says many San Franciscans are finding refuge up north in Portland. You will be presented with a list of buyer’s Making buyer agent commissions public is a huge win for consumers as far as Redfin is concerned, and the company believes it will usher in a new era of price competition for real estate agents. 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. https://www.redfin.com/about/jobs/real-estate/associate-agents [–]winter32842 -1 points0 points1 point 10 months ago (0 children). Even to work as the associate agent that only does home tours and helps with open houses? You're technically self-employed. This translates into sellers saving thousands of dollars with Redfin. I was a full time Associate Agent for 1.5 years and now work on the buyside. If you work for Redfin you are very much their employee and subject to their rules. 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. 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). On the surface, Redfin's model seems more ethical. This is why being able to set my own schedule is key for me at this point. I made a healthy living as an AA and moving to Agent for Redfin was the best professional decision I've ever made. 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. [–]truecrimenew 1 point2 points3 points 10 months ago (1 child), But if it’s 1099 income there are additional taxes plus gas. I'm not sure how offers go. [–]Ssssecretly[S] 0 points1 point2 points 10 months ago* (0 children). 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. Sure, send me a direct message, happy to chat. I have a few questions. Help them input listings, run CMAs, create flyers and marketing materials, gather feedback on showings/ listings, etc. Redfin has an award-winning website and mobile apps, as well as real estate agents who are paid a salary and benefits and receive bonuses based on customer satisfaction. There are a ton of teams that hire part time showing assistants and you would have a lot more upward mobility in that space. If you want that flexibility and freedom, become your own agent. I see it time and time again. 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. 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. 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. 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. 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. 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. A free inside look at company reviews and salaries posted anonymously by employees.