Comments on: Redfin Out of the Red http://propertyadguru.com/2009/07/redfin-out-of-the-red/ Wed, 10 Mar 2010 13:06:14 +1000 hourly 1 By: Amul Raj Desai http://propertyadguru.com/2009/07/redfin-out-of-the-red/comment-page-1/#comment-589 Amul Raj Desai Mon, 13 Jul 2009 12:03:58 +0000 http://propertyadguru.com/?p=1601#comment-589 Redfin managed to break into the list of Top 20 real estate Web sites maintained by Hitwise in May 09 .Possible factors in Redfin's move from red to black may include recent cost-cutting measures and increased charges for services. Redfin announced the layoff of 20 percent of its workforce in October, including "senior agent" employees who represented clients in negotiations. The company also reduced its refund offer to buyer clients from 66 percent of the brokerage's commission in a transaction side to 50 percent, but began offering free home tours to prospective buyers with no commitment to use Redfin as a broker Amul Raj Desai International Business Development Manager twitter -property1 Redfin managed to break into the list of Top 20 real estate Web sites maintained by Hitwise in May 09 .Possible factors in Redfin’s move from red to black may include recent cost-cutting measures and increased charges for services.

Redfin announced the layoff of 20 percent of its workforce in October, including “senior agent” employees who represented clients in negotiations.
The company also reduced its refund offer to buyer clients from 66 percent of the brokerage’s commission in a transaction side to 50 percent, but began offering free home tours to prospective buyers with no commitment to use Redfin as a broker

Amul Raj Desai
International Business Development Manager
twitter -property1

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