|
Redfin, founded in 2002 and based in Seattle, Washington, operates an online real estate brokerage that provides consumers with home buying and selling services. The firm serves clients in Seattle, San Francisco, Los Angeles, San Diego, Orange County, Boston, and Washington, D.C. The company's website allows visitors to employ MLS numbers, ZIP codes, city names, or neighborhood names in searching listings. Search results can be saved. Password security features prevent unauthorized users from accessing information. Redfin's platform allows consumers to schedule home tours and draft purchase offers online. The company handles negotiation and closing processes. Customers work with a single agent. Services include telephone consultations. Redfin earns a one percent commission on sales, compared to the three percent earned by traditional real estate agents. The Redfin Direct For Sellers service assists sellers in pricing, listing, and marketing homes. The service is offered on a flat fee basis, regardless of listing price. Company investors include Madrona Venture Group. Redfin is planning to extend its online brokerage services to the Chicago, Illinois market. The company was founded by David Eraker.
|
Information Sources, Inc.