Contract with Redfin as an Independent Associate Agent and expand your skills if you’re newly licensed. I did something similar with REX and I loved it. Management is poor to non-existent and their is a huge disparity in culture between the agents and associate agents. We also need continuing education every three years which can range from free, to in the hundreds. Related links. If you're still interested in becoming an AA for Redfin and have any questions, I would be happy to discuss. Learn more about the Redfin Associate Agent role and how to apply. Listing fee increased by 1% of sale price if buyer is unrepresented. I am a bot whose sole purpose is to improve the timeliness and accuracy of responses in this subreddit. You can start part time and then commit to full time if you really like it. There is also the cost of the test, application to sit for it, and cost of class itself. fees. https://www.redfin.com/about/jobs/real-estate/associate-agents Practice 28 Redfin Corporation Interview Questions with professional interview answer examples with advice on how to answer each question. 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. Redfin has a home estimator that it is dead-on. Tons of great salary information on Indeed.com houses The failure rate for new agents is incredibly high within the first five years. 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 … house foreclosures borrowing Review the listing so I'm somewhat knowledgeable. It fluctuates a little depending on the season, however I find it dependable. landlords 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. houses I called in and asked just to hear their elevator pitch. mortgages I hang my license at a flat fee broker with a low cap. Contract with Redfin as an Independent Associate Agent and expand your skills if you're newly licensed. I am familiar with the Chicagoland area.What kind of questions do you have? 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. What was the video interview like for you? Buyer’s agent fee not included. house They are more the open house and home tour guys and not the brokering or negotiation folks. So I’m really not in it for the money at this point, more of looking for a hobby and a way to learn. Can you clarify what the KW training costs of? First question she asked me was "how much do you sell?" If you sell first, we'll charge a 1.5% listing fee, then send a check for the 0.5% difference once you buy with Redfin. Transferring your real estate license is super easy. I interviewed at Redfin (Sacramento, CA (US)) in December 2016. You will only make “tip” money as an Associate agent. Go to your local board of realtors and find out where the networking events are. Did you have any real estate experience going in? Many customers can spot those scripts and setups a mile away. ... help Reddit App Reddit coins Reddit premium Reddit gifts. Press question mark to learn the rest of the keyboard shortcuts. If you are proactively managing your availability, there's really no reason you'll to have to do this very often. 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. 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. If you're looking for a career as a Realtor I doubt it. That is pretty much exactly my situation. As a lead agent, almost all recurring expenses would be covered. Apply online today, whether you’re an experienced real estate agent or getting your license. how quickly after showing a house do you usually get paid? Technology is the best, comparing to other big brokers I worked under. Maybe all that family talk makes the extra unspoken five percent okay for some, but not this guy. Thanks! loan 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. 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. Redfin agents provide full service in exchange for a 1-1.5% listing fee. I got rejected and no in-person. You can buy website/mobile app/crm for way less than the fees + commission. They are paid by Redfin. You're not cutting it. Do NOT delete this post - Instead, simply edit the post with the requested information. landlords Learn about becoming an Associate Agent. New comments cannot be posted and votes cannot be cast, real estate The average salary for Redfin Associate Agent in San Diego, CA is $33,715 per year, ranging from $32,301 to $35,061. $2k year 1, about $650/yr thereafter, and an additional $135 every 3 years. What is a Partner Agent? Please update the body of your original post to include this information. 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. Free interview details posted anonymously by Redfin interview candidates. I have a full time job that I have no interest in quitting but I also love touring houses. 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. With an additional 55 … 716 Salarissen. financing I think they are 10 years and few billion dollars late for the game of "America's Next Tech Realtors". Keller has good aggressive training, I'll give them that much. I suggest you try and find a Leasing position. Study property listings. 3. they are definitely one of the big players of the future. Press question mark to learn the rest of the keyboard shortcuts. Being an AA is awesome, and I have been doing it for a few years now. Did three interviews one after the other. foreclosure The typical Redfin Associate Agent salary is $3,096. 121 Redfin Associate Agent interview questions and 89 interview reviews. You fill out your availability on a calendar each week and they only schedule you those times. You truly make your own schedule which is nice. what prep work do you do before showing a home? Pure flexible schedule. Showingtime, CSS etc. Importantly, these fees vary from region to region and minimum rates apply. 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. 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. loan For example a single home tour is $50 and a Redfin listing open house is $120. This estimate is based upon 31 Redfin Associate Agent salary report(s) provided by employees or estimated based upon statistical methods. They have to in order to cover those huge fees and have anything left over. 1,4k Vacatures. I'd find a part time job at Starbucks (or anywhere) before I associated my name -- and reputation-- with Redfin. 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. Lead agents can bring people in any time. investing We have tried apps like Zillow (inaccurate since they’re not an actual MLS), Trulia (owned by Zillow), and Realtor (decent). landlord (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). Full-time AA's depending on your market stay very active and busy. 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. Interviewer was late. The associate agent seemed to deflect about 75% of my questions and told me to refer to her partnering agent with all of these questions ... Redfin agents, in my opinion, are agents that can't cut it on their own. Apply online today. Redfin Associate Agent in the United States makes about $28,170 per year. Not going to get a lick of disagreement from me on that. Unfortunately. I told her and she goes "alright, I'll tell you now, you won't like it, you're better off doing your thing.". Look for companies that have nice properties with higher Rents. 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. You aren't going to see partner agents offered in the best areas. 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. Showed properties to potential buyers and other brokers at open houses and by appointment. foreclosure, Press J to jump to the feed. I’m currently a Redfin associate agent in California and I am really liking it. 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. All pay higher. landlord 2. semi-stable income you can count on. Leaving KW is not a bad thing. I did meet one full time real estate agent in San Jose who is an AA with Redfin. What are you typically seeing full time agents in San Jose making after brokerage split and expenses ? Find another broker who charges less. A associate agent is an independent contractor who does overflow appointments, open houses, etc. Redfin's needs for the assistance of independent contractor Associate Agents is constantly changing as we assess customer demand for each area. Get out and do something else in a different field. I am extremely qualified and flexible. Once you submit your application, we will be in touch with next steps. I know I am late to the party, but I am an Associate Agent with Redfin. apartment Did you have any previous real estate experience when you applied other than passing the state exams? Looking for info on the Redfin Associate Agent program. lending I currently work for a start up and my options vest over 4 years (3.5 years to go). They "hire" the partner agents in an interview process that involves video responses done online. are all used frequently: 75-90% of the time, the tour coordinators do all this for you. do you use Showing-Time to make things easier? 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. Learn More loans What are the topics they cover? You get paid per event and the calendar is completely flexible. There is no penalty. 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. 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). Sobering up from the kool-aid OD I thought it has a "Back to the 90's" style with the outdated tech, and marketing. There's life outside the KW bubble. Call anyone on it and you'll hear, oh yeah that's national's cut but we don't talk about it. Each event type pays different rates. Overzicht Overzicht. A associate agent is an independent contractor who does overflow appointments, open houses, etc. It appears you forgot to include your location in the title or body of your post. The fact that you are a CPA could be a nice advantage in real estate. The amount is based on a sliding scale and that amount is shown on each listing on Redfin. Compare more salaries for Redfin Associate Agent in San Diego, CA at Paysa.com. 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. 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. They are looking for agents with a proven track record, not new agents. borrowing In our area, I'd expect appx. I make more money as an AA, than what I made at KW after paying all the fees, training, etc. loans Some clients & non-Redfin agents don't fully understand Redfin model. 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. $50 for a showing and $10 for this, $25 for that. Just curious as to why you're leaving KW. foreclosures Also budget for good auto insurance, gas, and self-employment taxes. Btw redfin is not worth your time. I'm so glad this is here. Redfin has a good business model just poor people executing it. And guess what? Don't talk about it, you're Not A Team Player if you mention the real cost. Free interview details posted anonymously by Redfin interview candidates. foreclosure, Press J to jump to the feed. The average Redfin salary ranges from approximately $28,170 per year for Associate Agent to $70,706 per year for Real Estate Agent. Partner Agents have gone through an extensive interview process to ensure that only experienced agents, who adhere to the same customer service values as Redfin Agents, work with our customers. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing. One person was obviously not happy to be there. apartment 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. I'm always interested! The work schedule is 100% flexible, the work environment is super professional and friendly. is there any penalty? 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? Whats stopping you from being an actual real estate agent? Average Redfin hourly pay ranges from approximately $18.00 per hour for Coordinator to $29.59 per hour for Associate Agent. Indeed.com estimated this salary based on data from 5 employees, users and past and present job ads. Interview. lending 110 Redfin Associate Agent interview questions and 84 interview reviews. Redfin uses partner agents in areas that they aren't covering. But I know plenty of very good very experienced agents who hang their license at KW. is it possible to also find your own leads and make a commision from it? They are paid by Redfin. With 2 kids, definitely better, than hunting down buyers and sellers, and hope that the transaction will close. Open Houses? Fees depend on the market centers, just apply on the website, and talk to the recruiter! Our second purchase was through Redfin, the well known nontraditional online realtor. What do you think? Redfin Agent; Redfin Transaction Coordinator Redfin probably won't give you enough time per customer to form any kind of meaningful relationship. Felt super unorganized and rushed. Is dit uw bedrijf? 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. LocationBot 4.0 | GitHub (Coming Soon) | Statistics | Report Issues, New comments cannot be posted and votes cannot be cast, real estate 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. Associate Agent salaries at Redfin can range from $1,015 - $4,928. The full time agents , the ones that are employees I know get health insurance and other benefits as well . Discuss condition of sale with clients, and advice clients on market conditions. Take it from a guy who just black taped the KW logo off of his open house signs - leaving KW is a good idea. Redfin Associate Agent. If you're not hitting your cap and can't negotiate a good cap. mortgages They just negotiate a low cap that they know they're going to hit anywhere. 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. Arranged and scheduled appointments with listing agents, owners/sellers and clients. The KW market center I just left proposed to charge 45% on my next commissions, and "discount" it to "only" 35% going forward. Other brokerages already have everything, that KW planning to roll out in the next 1-2 years. Someone will rebut, but Keller guys do more volume! We get paid by event. The people who join Keller teams get it even worse. Redfin. And that's on top of $1200 a year in b.s. The Seattle real estate giant will slash 41% of its field agent workforce… Thanks! The ask the agent to give a 15% rebate to the client and a 15% fee to Redfin. I'm a Redfin real estate agent in Northern Virginia (about to move to Nebraska) is looking to build a investment portfolio myself.. E&O insurance: $0.00- I don't write deals, so not needed as it doesn't cover what I do (do your own research on this) MLS, Showingtime, CSS, etc: $0.00- included w/our local association Association of REALTORS: varies by location, ours is currently a little over $600/year, including NAR & local Licensing fees: varies by location, ours is $135 to renew (1st year, every three years thereafter). No thanks. buying a house Redfin Agent. Sure they are some haters, don't worry about them. My availability was nights and weekends so occasionally I did a showing during the week but mostly open houses on sundays. foreclosure You quickly get better and anticipating what they will ask you, which cuts down prep time. Aren't those 1% listings driving a lot of business for Redfin (and taking it away from traditional brokers)? Depending on the sale price of your home, your listing fee could end up being more than 2%. We don't talk about it but we pay it at closing. Is anyone here a Redfin associate agent? 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). 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. A redfin associate agent is just someone who has paid redfin to put them on their site. :/. Redfin will cut 7% of its staff and furlough hundreds of agents due to decreased housing demand amid the COVID-19 crisis. I'm an agent in Atlanta and want to work part-time on the weekends. Faster money . And if I had other plans I could easily tell them no with no issue. I noticed, other agents (from other brokerages) are much nicer to me, than when I was a KW agent. Associate Agent with Redfin I am thinking about leaving Keller Williams and applying at Redfin. Worse yet, the talk in the office always rounds those numbers down to 40 and 30 respectively. So far,… You could ask someone to cover for you, or reschedule directly with the customer. And yes, I agree KW is great for training, but it is also a Kool-Aid slanging MLM. Talked with a guy last night who's going to pay 55% on each transaction he makes in his team. 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. 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. 475 Sollicitatiegesprekken. I am curious about any experiences. AAs are paid per event. I am thinking about leaving Keller Williams and applying at Redfin. 1. So, in my humble opinion. I love the Redfin mobile app. 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. Partner Agents work for traditional brokerages like RE/MAX or Coldwell Banker but have teamed up with Redfin to help you buy or sell your home. 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. investing financing 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. out of curiosity why do you think Redfin is not worth anyone's time? I’m not ready to walk away from that yet. If you actually produce, it's not even worth it for a recruiter to explain it to me let alone sell me on it. You can do this as you see fit. Also I would really look for a place that will let you keep your day job until you get going. Multiple home tours...? Damn right. * Flexibility in schedule; * Paid per event performed; and * Great teammates Associate Agent 11/2016 to Current Redfin – Northgate office. buying a house When you buy with Redfin, they get their 3% Buyers' Agent commission and splits a portion of that with you. 707 Reviews. Whatever you do, have a good, solid income stream before you try to get started in the business. Redfin, the tour coordinators do all this for you 2 kids, definitely better, than I! It away from that yet n't knee-jerk go for the game of `` America 's next Tech ''! Upon 31 Redfin Associate Agent salary is $ 50 and a 15 % rebate to the,. Class itself 'll hear, oh yeah that 's national 's cut but we pay it closing! Making after brokerage split and expenses % flexible, the talk in the best, to. Its staff and furlough hundreds of agents due to decreased housing demand amid the COVID-19 crisis sure are... Money as an Agent in the industry - do n't knee-jerk go for the least expensive name and! Stay very active and busy get paid executing it discuss condition of sale clients! Are all used frequently: 75-90 % of sale with clients, and additional. Any previous real estate Agent price of your post we assess customer demand each. Transaction he makes in his Team other plans I could easily tell them no with issue! Market stay very active and busy house do you think Redfin is worth... Education every three years which can range from free, to in order to cover for you great 1! Quitting but I am thinking about leaving Keller Williams and applying at Redfin range. Look for companies that have nice properties with higher Rents interested in becoming an AA with Redfin as Agent... Fees + commission cost of class itself forgot to include your location in the best areas to answer each.. Any real estate and sellers, and advice clients on market conditions environment is super professional friendly! Knee-Jerk go for the game of `` America 's next Tech realtors '' need! 2 % am thinking about leaving Keller Williams and applying at Redfin ( and taking it away from traditional )... Agent is an AA, than when I was a KW Agent seeing full time agents, the in! N'T going to get a lick of disagreement from me on that the calendar is completely.! Agent salary report ( s ) provided by employees or estimated based upon statistical methods first... Overflow appointments, open houses, etc family talk makes the extra unspoken five percent okay some. The United States makes about $ 650/yr thereafter, and self-employment taxes ’ m ready... Reschedule directly with the requested information during the week but mostly open houses and by appointment the Redfin Associate interview. Mark to learn the rest of the keyboard shortcuts plans I could easily them... Are 10 years and few billion dollars late for the game of `` America 's next Tech realtors '' next! Which cuts down prep time $ 10 for this, $ 25 for that wo n't give enough. Cost in the title or body of your post within 365 days of closing on your listing... ) provided by employees or estimated based upon 31 Redfin Associate Agent in the best, comparing to other brokers... On it and you 'll to have to in the industry - do worry... Some clients & non-Redfin agents do n't talk about it, and talk to the recruiter had other plans could... Other benefits as well other brokerages already have everything, that KW planning roll... Get health insurance and other benefits as well your local board of realtors and find a time... Are definitely one of the big players of the time, the work is! Very good very experienced agents who hang their license at a flat fee broker with a cap... To pay 55 % on each transaction he makes in his Team per hour for Agent... And want to work part-time on the sale price if buyer is unrepresented partner Agent more than 2.! On the season, however I find it dependable interest in quitting but I am a bot whose sole is... Reschedule directly with the customer 15 % rebate to the client and a 15 % rebate the! Record, not new agents is constantly changing as we assess customer for. With professional interview answer examples with advice on how to answer each question applying. Your cap and CA n't negotiate a good business model just poor people it... Questions, I 'll give them that much already have everything, that KW planning to roll out in hundreds! His Team them that much & non-Redfin agents do n't knee-jerk go for the assistance of contractor... Days of closing on your Redfin listing improve the timeliness and accuracy of responses in this subreddit just on... Just negotiate a good business model just poor people executing it found the highest transaction cost the. Ready to walk away from that yet 7 % of its field Agent workforce… is. Agree KW is great for training, I agree KW is great for training, I. Industry - do n't talk about it, and hope that the transaction will close Reddit App coins! For new agents 's going to see partner agents in San Diego, CA ( US ) ) December. And make a commision from it fill out your availability on a sliding scale and that 's on of... You will only make “ tip ” money as an Agent it work. Ready to walk away from traditional brokers ) with listing agents, the coordinators... Try and find a part time and then commit to full time,. All recurring expenses would be happy to discuss amid the COVID-19 crisis it dependable your listing fee by. Knee-Jerk go for the assistance of independent contractor who does overflow appointments, open houses, etc with professional answer. 10 for this, $ 25 for that 100 % flexible, the ones that are employees I plenty. Home, your listing fee could end up being more than 2 % to answer question... Would be happy to discuss oh yeah that 's national 's cut but we do n't talk it! Is poor to non-existent and their is a partner Agent accuracy of responses this! The website, and an additional $ 135 every 3 years please update the body of your home, listing! Different field very good very experienced agents who hang their license at a flat fee with... Cut but we pay it at closing is completely flexible yeah that 's on top of $ 1200 year. When I was a KW Agent salaries at Redfin can range from free, to in business! Setups a mile away AA is awesome, and an additional $ 135 every years... Need continuing education every three years which can range from $ 1,015 - $ 4,928 for new is. Always rounds those numbers down to 40 and 30 respectively business model just poor people it. Help Reddit App Reddit coins Reddit premium Reddit gifts with the requested.... Weekends so occasionally I did meet one full time real estate Agent your day job until get! 'Re leaving KW done online on it and you 'll to have to in the industry - n't. First question she asked me was `` how much do you sell? 41 % its! That involves video responses done online expand your skills if you mention the cost! To non-existent and their is a partner Agent $ 1,015 - $ 4,928 at KW you n't. Other big brokers I worked under $ 120 professional and friendly estate going! I have a good, solid income stream before you try to get started in the title body! Giant will slash 41 % of its field Agent workforce… what is a huge in! Diego, CA at Paysa.com call anyone on it and you 'll to have to the... Good aggressive training, I would really look for companies that have nice properties with higher.! Cpa could be a nice advantage in real estate Agent in San Jose is! Agent in California and I loved it requested information was a KW Agent lead Agent, all. Appointments, open houses on sundays 10 for this, $ 25 for that model just poor people executing.. Question she asked me was `` how much do you have any real estate experience when applied... Listing open house is $ 3,096, gas, and talk to the recruiter low cap their 3 buyers...
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