Redfin Max News Today

RDFN earnings call for the period ending December 31, 2023.

Redfin said successful launch of Redfin Next led it to expand the pay plan to agents in Orange County and San Diego.

Redfin's new commission-based model, Redfin Next, is now available to agents in San Diego and Orange County. Agents will keep their W-2 status and benefits while getting commission splits of up to 75 percent.

This disruptor had an excellent 2023, but I think it could be just getting started.

Glenn Kelman told investors he is confident in Redfin's ability to succeed in the rapidly changing real estate landscape.

Operator: Greetings and welcome to the Redfin Corporation’s Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Redfin CEO Glenn Kelman said during a virtual Inman Connect session on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to 'a different world' than the one that exists today.

Redfin Max is a new comp plan enabling agents to make up to a 75% commission on business they generate on their own.

Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program.