Report: Sellers Cutting Prices at Highest Rate Since 2022
Nationwide, 6.4% of homesellers cut their asking price during the four weeks ending May 26 on average, the highest share ...
Tag: Redfin
COURT REPORT: Judge Approves Seller Settlements; AREAA Files First Lawsuit
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around ...
Redfin Q1 Revenue Rises, but Net Losses Up as Well From 2023; CEO Notes New Normal
One day after deciding to settle commission lawsuits with a proposed $9.25 million-dollar payout, Redfin, in a May 7 Q1 ...
Howard Hanna Voluntarily Dismissed Without Prejudice in Batton Case
There’s one less defendant in an Illinois-based commission suit known as Batton, filed this past November by homebuyers claiming to ...
Redfin and NAR the Targets of Yet Another Commission Suit
Another commission lawsuit is facing the National Association of REALTORS® (NAR), this time including Redfin and the California Association of ...
Redfin Pushes New Agent Compensation Model, Reports Quarterly Declines
While Redfin reported losses during quarterly earnings reports in 2023, the company maintained a mood of cautious optimism. CEO Glen ...
Big Brokerages Shift Gears in Latest Commission Suit Response
On Feb. 26 a handful of real estate giants, including Compass, Redfin, United Real Estate and Douglas Elliman responded for ...
Redfin Hits Expectations in Q3 2023
Last quarter, in August 2023, Redfin predicted that their next quarterly total revenue would fall between $265 million and $279 ...
Redfin Resigns NAR Board Seat; Will Require Employees to Cut Ties as Well
In a surprise message to employees today, Glenn Kelman, founder of portal giant Redfin, announced that his company is seeking ...
Redfin Shows Controlled Losses in Q2, Makes Case for Profit
Keeping your head down day-to-day is an easy routine to fall into when you work in real estate—you’re so focused ...
The Case for a Better Brokerage Brand: Why Pre-Sale Improvements Matter
In the highly competitive world of real estate, brand reputation and differentiation is everything. As leaders of large brokerage firms, you understand that every home you sell becomes a reflection of your brand. Read more.
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