Definition
Technology-forward real estate platform offering property search, agent services, and limited buying/selling coordination.
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Find my pathAbout this term
Redfin is a discount brokerage using technology to reduce transaction costs. Redfin offers property search, buyer agent services at 1-1.5% commission (vs. 2.5-3%), and home tours by Redfin agents. Redfin Estimates are property valuations. Redfin Now offers direct purchasing in some markets.
Pro Tip
Redfin can offer significant commission savings but availability and service vary by market; research Redfin coverage before relying on them.
Example
A buyer works with Redfin agent at 1% commission instead of 2.5-3% offered by traditional agents