Posted 3/22/2024, 7:24:00 PM
Redfin Sees Opportunity After Settlement Over Real Estate Commission Allegations
- Settlement reached over alleged conspiracy to inflate real estate commissions, leading to stock drops for some companies
- Redfin CEO optimistic about future, saw listing and buyer demand jump after settlement news
- Redfin charges lower fees than traditional brokers and refunds some commissions to buyers
- CEO says more homeowners want to sell directly to buyers without paying buyer's agent fees
- Redfin cutting ties with National Association of Realtors over policies seen as anti-competitive
