Redfin expands commission-based model, Redfin Next, to 25 US markets, offering agents variable commission splits based on home prices.
Redfin has expanded its commission-based payment model, Redfin Next, to agents in 25 additional markets, bringing the total to 36 across the US. The payment plan enables agents to keep their W-2 status and traditional benefits while receiving variable commission splits based on average home prices in their markets. Agents in select markets, such as Los Angeles and San Francisco, can earn up to 75% commission splits.
May 17, 2024
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