Redfin’s Irrational Moment

Screen Shot 2015-06-28 at 5.52.01 PM Redfin CEO Glenn Kelman recalls a tense board meeting when his company discussed eliminating its customer commission refund in the latest Greymatter video from Greylock Partners.
Typically in real estate transactions, the seller of a home pays a commission of 5% which is split between the seller’s agent and the buyer’s agent. Traditional brokerages keep all of their commission. Read More

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