Thursday, December 8, 2022

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redfin broker fee

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People also ask:

Does Redfin really only charge 1?
Is Redfin really 1% commission? Redfin also heavily advertises a 1% commission — but their standard listing fee is actually 1.5%. To qualify for the lower 1% rate, you'll also need to buy a home through Redfin within 12 months of your home sale.
Do buyers pay commission with Redfin?
Buyers never pay agent commissions. At Redfin the listing fee is 1% when you buy and sell, which lowers the total commission to 4% for a typical home sale. † Real estate fees are negotiable, so this is only an estimate.
Why is Redfin listing fee so low?
The real estate brokerage typically charges a 1.5% listing fee in the more than 75 markets where it operates. Low listing fees are often associated with agencies that don't do as much for clients. But Redfin said its business model enables it to charge less and do as good a job as traditional agencies.
What percentage do most realtors charge?
Real estate commissions can be negotiated, but they typically run about 5 percent to 6 percent of a home's sale price. The exact terms of an agent's commission vary from sale to sale, and can depend on region and which firm they work for.