Learn

New Note

Create a note for yourself from this lesson. Notes allow you to quickly jot down any valuable information you'd like to review later. You can find your notes by clicking on "My Notes" in the profile navigation menu.

REI Tech

REDeFINing the Real Estate Industry

quietDo you want to earn more profit on your sales?

In the real estate industry, buyers, sellers and agents go hand in hand. It’s undeniable that agents offer a great deal of help to investors. However, one of the major drawbacks about agents is that they take a huge chunk out of your earnings in the form of commissions.

Traditional real estate agent usually charge 5%-6% of a home’s sale price in commission. And as you probably know, this amount is split between the buyer’s agents and the seller’s agent.

If you have a property that sells for $500,000, the money you’ll shell out is more or less $30,000. It sure does add up.

A Seattle-based company called Redfin wants to redefine the real estate industry and steer it in your favor.

Customer Bonuses vs. Agent Commissions

Redfin is a real estate brokerage that represents people – investors and agents alike – who are looking to buy and sell homes. Redfin is run by a group of professional, experienced full-service real estate agents…


Is there a topic you'd like to learn more about? Request a Lesson

Finished?

+ Mark as Learned

Valuable Lesson? Share it:

Request a Lesson

At RealEstateMogul.com, mogul_guarantee.pngwe’re committed to delivering the awesomest, most practical, actionable content to our members … and that a big part of that is getting YOU to tell us what you'd like to learn from us. Since our REI resources are basically endless, we’d love to tailor our upcoming training as much as possible to precisely match what you, our members, really need and want out of us.

jpsig.png Request form