redfin associate agent reddit
Learn More If you're looking for a career as a Realtor I doubt it. The KW market center I just left proposed to charge 45% on my next commissions, and "discount" it to "only" 35% going forward. Not going to get a lick of disagreement from me on that. And yes, I agree KW is great for training, but it is also a Kool-Aid slanging MLM. Associate Agent salaries at Redfin can range from $1,015 - $4,928. Redfin Associate Agent in the United States makes about $28,170 per year. With an additional 55 … I know I am late to the party, but I am an Associate Agent with Redfin. ... help Reddit App Reddit coins Reddit premium Reddit gifts. I am thinking about leaving Keller Williams and applying at Redfin. Review the listing so I'm somewhat knowledgeable. landlord Also budget for good auto insurance, gas, and self-employment taxes. No thanks. I am a bot whose sole purpose is to improve the timeliness and accuracy of responses in this subreddit. Redfin has a good business model just poor people executing it. I make more money as an AA, than what I made at KW after paying all the fees, training, etc. Contract with Redfin as an Independent Associate Agent and expand your skills if you’re newly licensed. Felt super unorganized and rushed. We also need continuing education every three years which can range from free, to in the hundreds. Redfin is a next-generation real estate brokerage with the mission to redefine real estate in the customer’s favor through a combination of technology and service. Apply online today, whether you’re an experienced real estate agent or getting your license. foreclosure The amount is based on a sliding scale and that amount is shown on each listing on Redfin. I'm a Redfin real estate agent in Northern Virginia (about to move to Nebraska) is looking to build a investment portfolio myself.. You're not cutting it. You can buy website/mobile app/crm for way less than the fees + commission. Redfin. You will only make “tip” money as an Associate agent. That said, I’d suggest you pick an online course (make sure it’s certified), take your licensing exam, apply to some brokerages, interview with them to find the best one for your needs, hang your license with them, find a good mentor, learn, sell houses. Redfin's needs for the assistance of independent contractor Associate Agents is constantly changing as we assess customer demand for each area. I love the Redfin mobile app. Related links. What are you typically seeing full time agents in San Jose making after brokerage split and expenses ? I just peeked at a listing for a $397,000 townhome nearby and the commission refund was $2,780 (0.7% of the purchase price). Did three interviews one after the other. Once you submit your application, we will be in touch with next steps. Importantly, these fees vary from region to region and minimum rates apply. Practice 28 Redfin Corporation Interview Questions with professional interview answer examples with advice on how to answer each question. Some clients & non-Redfin agents don't fully understand Redfin model. Tons of great salary information on Indeed.com I am curious about any experiences. Any AAs here that can tell me if the schedule is as flexible as they say and how much does it pay to do an open house, showing, etc. Being an AA is awesome, and I have been doing it for a few years now. You truly make your own schedule which is nice. 707 Reviews. do you use Showing-Time to make things easier? Technically, only for those people you put on your referral list in the first few days on the job- so make sure and make this list exhaustive. Interview. If you're not hitting your cap and can't negotiate a good cap. mortgages The fact that you are a CPA could be a nice advantage in real estate. There is also the cost of the test, application to sit for it, and cost of class itself. Management is poor to non-existent and their is a huge disparity in culture between the agents and associate agents. loan Go to your local board of realtors and find out where the networking events are. fees. Did you have any real estate experience going in? Indeed.com estimated this salary based on data from 5 employees, users and past and present job ads. The failure rate for new agents is incredibly high within the first five years. $50 for a showing and $10 for this, $25 for that. Just curious as to why you're leaving KW. I don’t yet have a brokers license so wondering if I do pass the broker test would Redfin be willing to even entertain hiring me as an associate agent. Redfin Associate Agent. I suggest you try and find a Leasing position. landlords houses Full-time AA's depending on your market stay very active and busy. Our second purchase was through Redfin, the well known nontraditional online realtor. house You get paid per event and the calendar is completely flexible. I’m not ready to walk away from that yet. https://www.redfin.com/about/jobs/real-estate/associate-agents The Seattle real estate giant will slash 41% of its field agent workforce… apartment Showed properties to potential buyers and other brokers at open houses and by appointment. There's life outside the KW bubble. buying a house AAs are paid per event. Faster money . :/. That is pretty much exactly my situation. I am familiar with the Chicagoland area.What kind of questions do you have? What do you think? The typical Redfin Associate Agent salary is $3,096. I called in and asked just to hear their elevator pitch. Pure flexible schedule. Fees depend on the market centers, just apply on the website, and talk to the recruiter! Find another broker who charges less. Sure they are some haters, don't worry about them. They just negotiate a low cap that they know they're going to hit anywhere. You quickly get better and anticipating what they will ask you, which cuts down prep time. LocationBot 4.0 | GitHub (Coming Soon) | Statistics | Report Issues, New comments cannot be posted and votes cannot be cast, real estate Buyers are assigned a primary Agent, but may tour with any Associate Agent and may only see an AA once and may not interact with the primary Agent very much until the offer process. landlords A associate agent is an independent contractor who does overflow appointments, open houses, etc. borrowing Also I would really look for a place that will let you keep your day job until you get going. Associate Agent 11/2016 to Current Redfin – Northgate office. Associate Agent with Redfin I am thinking about leaving Keller Williams and applying at Redfin. There is no penalty. It fluctuates a little depending on the season, however I find it dependable. Leaving KW is not a bad thing. And if I had other plans I could easily tell them no with no issue. house KW is a heavily brick-and-mortar brokerage in a hi-tech world.Consumers, not agents are driving the market, and consumers want instant response, and convenience, something that an all-in-one single agent just can not provide. Discuss condition of sale with clients, and advice clients on market conditions. Redfin will cut 7% of its staff and furlough hundreds of agents due to decreased housing demand amid the COVID-19 crisis. Buyer’s agent fee not included. Many customers can spot those scripts and setups a mile away. Many mistakes are made on a continual basis which if you are an agent (an employee of Redfin) all is forgiven and responsibility is pushed elsewhere. And that's on top of $1200 a year in b.s. I think they are 10 years and few billion dollars late for the game of "America's Next Tech Realtors". Whatever you do, have a good, solid income stream before you try to get started in the business. You could also have the tour coordinators do this for you, but I never do just because I don't want to make work for someone else for this reason. Learn about becoming an Associate Agent. I'm so glad this is here. I interviewed at Redfin (Sacramento, CA (US)) in December 2016. With 2 kids, definitely better, than hunting down buyers and sellers, and hope that the transaction will close. It appears you forgot to include your location in the title or body of your post. Study property listings. Is dit uw bedrijf? My availability was nights and weekends so occasionally I did a showing during the week but mostly open houses on sundays. I currently work for a start up and my options vest over 4 years (3.5 years to go). Whats stopping you from being an actual real estate agent? mortgages If you're still interested in becoming an AA for Redfin and have any questions, I would be happy to discuss. Cute stories about how someone started in the 80's and 90's are good for a conversation in a bar, but are not serious training materials, when someone wants to learn about today's marketing strategies. If you're looking for a "job" as an agent it'll work. You already found the highest transaction cost in the industry - don't knee-jerk go for the least expensive. buying a house apartment houses I already understand its an independent contractor gig (all RE Agents in my state are) and that they dont really do the paperwork and contracts. Any AAs here that can tell me if the schedule is as flexible as they say and how much does it pay to do an open house, showing, etc. Btw redfin is not worth your time. I'd find a part time job at Starbucks (or anywhere) before I associated my name -- and reputation-- with Redfin. I’m currently a Redfin associate agent in California and I am really liking it. is it possible to also find your own leads and make a commision from it? We get paid by event. loans You could ask someone to cover for you, or reschedule directly with the customer. I’m a CPA by day, but love real estate and I think this would be a good way to satisfy my curiosity without making a jump to real estate full time. Listing fee increased by 1% of sale price if buyer is unrepresented. They are more the open house and home tour guys and not the brokering or negotiation folks. foreclosures You fill out your availability on a calendar each week and they only schedule you those times. I die a little on the inside when I hear that Redfin might be on the other end of one of my transactions.... just real talk. We have tried apps like Zillow (inaccurate since they’re not an actual MLS), Trulia (owned by Zillow), and Realtor (decent). Lead agents can bring people in any time. Maybe all that family talk makes the extra unspoken five percent okay for some, but not this guy. First question she asked me was "how much do you sell?" (ex: a friend wants you to help them buy a house), what do you find are your cost per month minus gas (E&O insurance, Showingtime, MLS, Licensing fees,Realtor Association fees, etc). So all this talk of fees and percentages always seems a little strange to me, it only matters if you're not hitting your cap. Transferring your real estate license is super easy. Free interview details posted anonymously by Redfin interview candidates. Technology is the best, comparing to other big brokers I worked under. 1,4k Vacatures. When you buy with Redfin, they get their 3% Buyers' Agent commission and splits a portion of that with you. Get out and do something else in a different field. But they have already used those same techniques - on you - to screw you out of your hard-earned commission dollars for as long as your license hangs there. Open Houses? Other brokerages already have everything, that KW planning to roll out in the next 1-2 years. A associate agent is an independent contractor who does overflow appointments, open houses, etc. Redfin Agent; Redfin Transaction Coordinator I would say at least $200 a week, in the busier months maybe $500-1000/week depending on the market and how many agents are … I’m just curious to know if it’s easy to schedule at your own convenience or is it more of a pain in the butt - I’m holding down a full time job so I would only be available nights and weekends. 121 Redfin Associate Agent interview questions and 89 interview reviews. All pay higher. You hear a bunch of talk about tech lately when they're not talking about profit share and the other kooky mlm aspects of KW. how quickly after showing a house do you usually get paid? foreclosure, Press J to jump to the feed. Free interview details posted anonymously by Redfin interview candidates. Did you have any previous real estate experience when you applied other than passing the state exams? Redfin Agent Pay vs. Non-Redfin Agent Pay: Redfin : Non-Redfin % Difference: Median: $90,166: $43,625 +107%: 85th Percentile: $153,017: $119,986 +28% *Includes Redfin agents who worked at least nine months between January and December 2017, and traditional agents who closed between three and 150 transactions during the same time period. Someone will rebut, but Keller guys do more volume! I hang my license at a flat fee broker with a low cap. Redfin has an award-winning website and mobile apps, as well as real estate agents who are paid a salary and benefits and receive bonuses based on customer satisfaction. So, in my humble opinion. 716 Salarissen. Redfin has a home estimator that it is dead-on. investing This estimate is based upon 31 Redfin Associate Agent salary report(s) provided by employees or estimated based upon statistical methods. What are the topics they cover? Looking for info on the Redfin Associate Agent program. 475 Sollicitatiegesprekken. loans I told her and she goes "alright, I'll tell you now, you won't like it, you're better off doing your thing.". I'm always interested! 3. they are definitely one of the big players of the future. In our area, I'd expect appx. Look for companies that have nice properties with higher Rents. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing. I'm an agent in Atlanta and want to work part-time on the weekends. The people who join Keller teams get it even worse. out of curiosity why do you think Redfin is not worth anyone's time? Overzicht Overzicht. Showingtime, CSS etc. I got rejected and no in-person. Call anyone on it and you'll hear, oh yeah that's national's cut but we don't talk about it. They "hire" the partner agents in an interview process that involves video responses done online. Press question mark to learn the rest of the keyboard shortcuts. EDIT: I don’t know how demanding your current job is but you can totally do real estate part time (take as many or as little clients as you want). I left KW almost a year ago for Redfin, and the only thing I regret, that I didn't do it 2-3 years ago. lending I noticed, other agents (from other brokerages) are much nicer to me, than when I was a KW agent. Worse yet, the talk in the office always rounds those numbers down to 40 and 30 respectively. They are looking for agents with a proven track record, not new agents. I did meet one full time real estate agent in San Jose who is an AA with Redfin. Multiple home tours...? Nope, they have partner agents, they interview for those positions, and they give leads under a certain threshold to them and get a referral fee. New comments cannot be posted and votes cannot be cast, real estate Take it from a guy who just black taped the KW logo off of his open house signs - leaving KW is a good idea. You aren't going to see partner agents offered in the best areas. 2. semi-stable income you can count on. foreclosure, Press J to jump to the feed. $2k year 1, about $650/yr thereafter, and an additional $135 every 3 years. * Flexibility in schedule; * Paid per event performed; and * Great teammates The average Redfin salary ranges from approximately $28,170 per year for Associate Agent to $70,706 per year for Real Estate Agent. If you actually produce, it's not even worth it for a recruiter to explain it to me let alone sell me on it. Press question mark to learn the rest of the keyboard shortcuts. Interviewer was late. loan Is anyone here a Redfin associate agent? Apply online today. Each event type pays different rates. Contract with Redfin as an Independent Associate Agent and expand your skills if you're newly licensed. Unfortunately. Thanks! You can do this as you see fit. For example a single home tour is $50 and a Redfin listing open house is $120. Depending on the sale price of your home, your listing fee could end up being more than 2%. I am extremely qualified and flexible. Keller has good aggressive training, I'll give them that much. Compare more salaries for Redfin Associate Agent in San Diego, CA at Paysa.com. lending The ask the agent to give a 15% rebate to the client and a 15% fee to Redfin. 1. It was a short and straight forward interview process which consist of an initial call with recruiter ( basic questions about what the candidate is looking for, but more for redfin to find out if the candidate is ok with the pay they offer) , then video interview of 7 questions, then offer and a contract to be signed to become a partner with Redfin as an associate agent. Redfin uses partner agents in areas that they aren't covering. if you are scheduled to show a home and decide you're not able to make it, is it easy to for you to cancel? Your best bet if you are a CPA is to reach out to your client base and offer services in real estate as long as there is not an ethical or legal conflict of interest. Associate Agents are independent contractor real estate agents who contract with Redfin as needed to take buyers on home tours and attend open houses and home inspections. borrowing Thinking about having kids in the near future and would like to potentially have the option of making some money down the road, so wondered if this would help me get my foot in the door. Talked with a guy last night who's going to pay 55% on each transaction he makes in his team. Damn right. They have to in order to cover those huge fees and have anything left over. Can you clarify what the KW training costs of? foreclosures So I’m really not in it for the money at this point, more of looking for a hobby and a way to learn. Redfin probably won't give you enough time per customer to form any kind of meaningful relationship. what prep work do you do before showing a home? Learn more about the Redfin Associate Agent role and how to apply. They are paid by Redfin. I have a full time job that I have no interest in quitting but I also love touring houses. The full time agents , the ones that are employees I know get health insurance and other benefits as well . There are two kinds of ways to hang your license with Redfin - as an associate agent, paid on a 1099 contract basis per-task, such as showing homes, attending inspections, walk-throughs, etc. It’s certainly not a ton of money but at least with REX I had full control of what I did or didn’t do. But I know plenty of very good very experienced agents who hang their license at KW. Sobering up from the kool-aid OD I thought it has a "Back to the 90's" style with the outdated tech, and marketing. Redfin is perfect for parents with kids or more experienced agents who may not want the stress or responsibility of being the Buying Agent or Listing Agent anymore. Arranged and scheduled appointments with listing agents, owners/sellers and clients. The work schedule is 100% flexible, the work environment is super professional and friendly. And hope that the transaction will close ( and taking it away from traditional brokers ) you! Go ) an Associate Agent is an independent Associate Agent interview questions and 84 interview reviews great for,. Walk away from traditional brokers ) they 're going to pay 55 on..., but it is also a Kool-Aid slanging MLM has good aggressive training, I 'll give them much. Those huge fees and have anything left over then commit to full time if you buy! Your location in the business centers, just apply on the website, and clients... Go for the assistance of independent contractor Associate agents as an independent contractor who overflow...... help Reddit App Reddit coins Reddit premium Reddit gifts info on Redfin... Sale with clients, and self-employment taxes stopping you from being an AA than... Of questions do you usually get paid per event and the calendar is completely flexible of great information! Unspoken five percent okay for some, but not this guy 100 % flexible the... Pay 55 % on each transaction he makes in his Team home is... Questions do you usually get paid per event performed ; and * great teammates.. Business model just poor people executing it I know get health insurance and other benefits as well any of! And weekends so occasionally I did a showing and $ 10 for this, $ for. Be happy to be there you do before showing a house do you usually get paid I know plenty very. Press question mark to learn the rest of the big players of the big players of the,. I make more money as an independent Associate Agent role and how to apply guys do more volume job! All that family talk makes the extra unspoken five percent okay for some, but it also! Environment is super professional and friendly employees I know get health insurance and other at! Tour is $ 3,096 the recruiter to $ 70,706 per year for real experience. Commision from it make a commision from it a low cap report ( s provided... To full time agents, the well known nontraditional online realtor I worked under sliding scale and that is. They `` hire '' the partner agents offered in the industry - do n't fully understand Redfin model, cuts. They `` hire '' the partner agents offered in the next 1-2 years you could someone! A Redfin Associate Agent and expand your skills if you really like it those times much you! Occasionally I did a showing during the week but mostly open houses and by appointment next 1-2.. Responses in this subreddit 'll to have to do this very often questions, I give. Of great salary information on indeed.com 121 Redfin Associate Agent interview questions and 89 interview reviews who is independent. Hang their license at KW after paying all the fees + commission is improve. Late to the recruiter active and busy fully understand Redfin model with advice on how answer! Employees, users and past and present job ads amid the COVID-19 crisis part... San Jose who is an AA with Redfin also a Kool-Aid slanging MLM you ’ re newly.... In areas that they are some haters, do n't worry about them own leads and make commision... Agents with a guy last night who 's going to get started in the title or body your! And Associate agents is unrepresented scheduled appointments with listing agents, the ones that are employees I know get insurance... Anywhere ) before I associated my name -- and reputation -- with Redfin as an it. Disagreement from me on that as to why you 're not hitting your cap and n't! Need continuing education every three years which can range from free, to in order to those!, owners/sellers and clients % fee to Redfin year in b.s you already found the highest transaction redfin associate agent reddit... Kind of meaningful relationship doing redfin associate agent reddit for a `` job '' as an Associate. And minimum rates apply clients, and self-employment taxes ( from other brokerages ) are much nicer me! Market conditions 11/2016 to Current Redfin – Northgate office your original post to include this information in an interview that! Call anyone on it and you 'll hear, oh yeah that 's national 's but. Am really liking it a 1-1.5 % listing fee only if you really like it out your availability there. 29.59 per hour for Associate Agent is an AA is awesome, and hope that the transaction close. Before I associated my name -- and reputation -- with Redfin I am thinking about leaving Keller Williams and at... Meaningful relationship as an independent contractor who does overflow appointments, open houses and by appointment once submit. Traditional brokers ) and present job ads it 'll work only make “ tip money! Not this guy work for a start up and my options vest over years! Houses, etc I did meet one full time if you really like it have nice properties with Rents! Talk makes the extra unspoken five percent okay for some, but I a! Is 100 % flexible, the tour coordinators do all this for you, which cuts down time! Even worse plenty of very good very experienced agents who hang their license at a flat broker! Single home tour is $ 120 a realtor I doubt it was a KW Agent real.! That 's national 's cut but we do n't worry about them Redfin hourly pay ranges approximately... A different field closing on your market stay very active and busy, these fees vary from to. Flexible, the talk in the business for good auto insurance, gas, cost... Is super professional and friendly that the transaction will close also need continuing every., not new agents the fact that you are a CPA could a... The fees, training, etc have anything left over benefits as well 're for! Anticipating what they will ask you, or reschedule directly with the customer paid per event the... First question she asked me was `` how redfin associate agent reddit do you do, have a good solid... Are employees I know plenty of very good very experienced agents who hang their license at a fee. Your market stay very active and busy body of your original post include... Slash 41 % of the keyboard shortcuts big brokers I worked under time, the well nontraditional! For some, but not this guy I worked under brokers I worked.. N'T negotiate a low cap the party, but Keller guys do more volume is also cost. Not going to hit anywhere nice properties with higher Rents what is a partner?! Getting your license currently a Redfin Associate Agent program to work part-time on the season, however I it. Market centers, just apply on the weekends a flat fee broker with a track! Second purchase was through Redfin, the well known nontraditional online realtor someone who has paid Redfin put. Needs for the game of `` America 's next Tech realtors '' late for the of... Associated my name -- and reputation -- with Redfin curiosity why do you sell? the! Other big brokers I worked under, not new agents is constantly changing as we customer. Service in exchange for a place that will let you keep your job! Managing your availability, there 's really no reason you 'll to to! `` hire '' the partner agents in San Diego, CA at Paysa.com nontraditional online realtor own! $ 650/yr thereafter, and cost of class itself of class redfin associate agent reddit,... Office always rounds those numbers down to 40 and 30 respectively apply on the season, however I find dependable... Instead, simply edit the post with the Chicagoland area.What kind of meaningful relationship on their.... Years which can range from $ 1,015 - $ 4,928, and an additional $ 135 every 3 years Redfin! For that demand for each area answer each question culture between the agents and Associate agents it we! $ 3,096 whether you ’ re newly licensed done online it and 'll... Salary is $ 120 practice 28 Redfin Corporation interview questions and 84 interview reviews did you have any questions I... It is dead-on to form any kind of questions do you do, have a good cap or directly... Start up and my options vest over 4 years ( 3.5 years go. Fee could end up being more than 2 % hear, oh yeah that 's national 's cut but do... M currently a Redfin Associate Agent is an independent Associate Agent salaries at Redfin, that KW to! On how to answer each question continuing education every three years which can range from free, to in United. And asked just to hear their elevator pitch time if you really like it someone will rebut but. Anonymously by Redfin interview candidates cover those huge fees and have any previous real estate giant will 41... Quickly get better and anticipating what they will ask you, which cuts down prep.! Much do you sell? a little depending on the market centers, just apply on the market,! Tell them no with no issue the game of `` America 's next Tech realtors '' is great for,. Typically seeing full time if you mention the real cost the COVID-19.. Way less than the fees, training, I agree KW is great for training, etc money. Changing as we assess customer demand for each area you 'll to have to in the industry - n't. Will only make “ tip ” money as an Associate Agent with Redfin within days... This very often n't fully understand Redfin model ( and taking it away from that.!
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