surfer

Redfin Continues To Shrink The Real Estate Market

Redfin will go the way of all discount brokers and continue losing money until they are out of business. I worked for a "discount" broker and we did okay when the market was hot, but as soon as the market cooled, most of our agents went back to full service brokerages. The industry is simply too expensive for a company to give away 2/3's of their revenue and survive. It sounds great, but it doesn't work in the long run.