Redfin (RDFN) Q4 2023 Earnings Call Transcript
RDFN earnings call for the period ending December 31, 2023.
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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.