Our agent workforce is slightly more educated than the industry as a whole, based on data from the National Association of Realtors. Recognizing a diverse, inclusive workforce is vital to our mission, Redfin seeks talent from all backgrounds in terms of education, military service, age, gender, ethnicity, and sexual orientation. Real Estate Agent salaries at Redfin can range from $12,126 - $131,392. For this group, the median annualized pay was $90,166. This is the equivalent of $1,300/week or $5,632/month. In 2017, the 85th percentile of Redfin agents earned $153,017, meaning 15 percent of Redfin agents earn this or more, while the 85th percentile of agents at other brokerages earned $119,986, in the same markets. This trip is valued at $6,500, and past destinations included Barcelona and Thailand. Real Estate Support Careers. While agents with traditional brokerages can pay thousands of dollars per month for leads on third-party advertising sites, Redfin agents have no marketing expenses. The company is looking for people of all backgrounds who have high standards and are passionate about serving customers. Redfin salary trends based on salaries posted anonymously by Redfin employees. Redfin agents also earn premium healthcare benefits, paid time off and parental leave. Contract with Redfin as an Independent Associate Agent and expand your skills if you’re newly licensed. Check out our careers page or email our recruiting team to learn more. “At every Redfin board meeting, the first issue we address is what Redfin is doing to be the best employer in real estate. While commission splits vary, we assumed an 80/20 split, with the agent receiving 80 percent of the gross commission, and the brokerage receiving 20 percent. She’s addicted to the Redfin app and loves looking at homes in random cities she’ll most likely never live. The amount of the bonus the agent earns depends on these reviews as well as the price of the home. The average salary for a Real Estate Agent at Redfin is $35,000. Average salary for Redfin Agent in Atlanta: $25,188. The average salary for Redfin Associate Agent in San Diego, CA is $33,715 per year, ranging from $32,301 to $35,061. Redfin agents also earn premium healthcare benefits, paid time off and parental leave. Tons of great salary information on Indeed.com started as a Redfin agent in Washington, D.C. and was promoted to broker and market manager, with responsibility for the company’s fast growth in D.C. Tom then moved to Philadelphia to manage and build that market as well. Check out Redfin's annual list. This includes comprehensive healthcare coverage, paid vacation and parental leave, payroll taxes for Medicare and Social Security, licensing, association and MLS dues and fees, continuing education, mileage reimbursement, equipment including laptops and printers and mobile service. Average Redfin hourly pay ranges from approximately $18.00 per hour for Coordinator to $25.00 per hour for Associate Agent. Redfin, a Seattle-based company, is one of the most prominent discount real estate brokerages in the U.S. that caters services for more than over 80 markets. When factoring in bonuses and additional compensation, a Lead Agent at Redfin can expect to make an average total pay of $54,347. As of Sep 19, 2020, the average annual pay for the Redfin Real Estate Agent jobs category in Tacoma, WA is $74,206 a year. While ZipRecruiter is seeing annual salaries as high as $143,994 and as low as $21,209, the majority of salaries within the Redfin Real Estate Agent jobs category currently range between $46,882 (25th percentile) to $111,623 (75th percentile) in Daly City, CA. If we couldn’t confirm degree status, which happened in two instances, we assigned them “Some college”. I hate barn doors. While commission splits vary, we assumed an 80/20 split, with the agent receiving 80 percent of the gross commission, and the brokerage receiving 20 percent. As of Nov 24, 2020, the average annual pay for the Redfin Real Estate Agent jobs category in New Mexico is $67,587 an year. Transforming the customer experience. Lead Agent salaries at Redfin can range from $8,288 - $46,059. Log In Sign Up. In 2017, traditional real estate agents earned a median net take-home pay of $43,625 based on a Redfin analysis. View Open Jobs. Apply to Real Estate Agent, Real Estate Associate, Listing Agent and more! Learn how to enable cookies. 2017's Hottest Neighborhoods move out a step from major city centers. Redfin agents work as part of a team that includes support agents who field inquiries from customers, and transaction coordinators who manage the details and paperwork of a sale. While ZipRecruiter is seeing annual salaries as high as $131,310 and as low as $19,340, the majority of salaries within the Redfin Real Estate Agent jobs category currently range between $42,752 (25th percentile) to $101,790 (75th percentile) in Tacoma, WA. Advertisement. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. Salary information comes from 8 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. On average, Redfin pays $20,000 per agent each year to cover benefits, mileage, licensing, MLS dues, mobile phone, and more. If we couldn’t confirm degree status, which happened in two instances, we assigned them “Some college”. Industry-wide education levels came from the, Join us on Twitter for more #housingmarket updates. Just in case you need a simple salary calculator, that works out to be approximately $32.49 an hour. Redfin employees with the job title Product Manager, Software make the most with an average annual salary of $109,717, while employees with the title Real Estate Agent … She currently oversees Redfin’s operations in Northern California, Nevada, and San Diego and leads important strategic projects within the company. And because Redfin is such a huge company, with so many employees, getting in touch with your agent can be more of a challenge than if you were working with a local agent. I feel as a Redfin agent, I am compensated better than most first-year traditional real estate agents." Want to live in one of the hottest neighborhoods of 2017? Are Redfin agents licensed? They provide the same services as a traditional real estate agent, but instead of earning a commission, they’re paid a salary and bonuses. Updated January 2020: By searching, you agree to the Terms of Use, and Privacy Policy. Agent salaries at Redfin can range from $12,176 - $47,095. The average salary for Redfin Agent is $34,361 per year, ranging from $28,791 to $38,989. We then estimated gross commission by multiplying sales volume by 2.56 percent commission based on 2016 data from RealTrends, which estimated an average combined commission of 5.12 percent. More than 40 percent of these Redfin agents earned Redfin stock. Agents also work directly with software developers to create tools and technology that make their jobs easier and more efficient. Redfin agents outearn a wide variety of professionals. Do not stay long. Average salaries for Redfin Real Estate Agent: [salary]. The Value of Redfin Benefits Redfin pays an average of just under $20,000 per agent per year on benefits and other expenses. His career has grown with the company and he now oversees Redfin’s field operations across the Mid-Atlantic, including Virginia, Washington, D.C., and New Jersey. Associate Agent salaries at Redfin can range from $1,015 - $4,928. It is all departmentalized under Redfin but agents don't pay for anything. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. View Open Jobs. The average hourly wage for a Real Estate Sales Agent at companies like Redfin in the United States is $21 as of October 28, 2020, but the salary range typically falls between $21 and $27. Just in case you need a simple salary calculator, that works out to be approximately $34.49 an hour. Using MLS data, we first summed individual agents’ sales volume from January 2017 through December 2017. As of Sep 14, 2020, the average annual pay for the Redfin Real Estate Agent jobs category in New Mexico is $64,453 a year. Salaries posted anonymously by Redfin employees. Based on 3 salaries posted anonymously by Redfin Agent employees in Atlanta. The base salary for Real Estate Sales Agent in companies like Redfin range from $42,769 to $55,688 with the average base salary of $43,780. 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. Such brokers usually pay their agents a regular, modest salary plus a small commission of their sales; commission may be based on other criteria such as customer satisfaction. The average salary for a Real Estate Agent at Redfin is $35,000. Traditional real estate agents pay for all of this out of their own pockets, as well as self-employment taxes. The typical Redfin Associate Agent salary is $3,096. We only included agents who work full-time with customers. Every agent reports to a team manager, whose primary focus is developing, supporting and coaching a team of five to 15 agents. When factoring in bonuses and additional compensation, a Agent at Redfin can expect to … Listing fee increased by 1% of sale price if buyer is unrepresented. Redfin’s mission is to redefine real estate in the consumer's favor. Kelman said the company opted for a large-scale furlough in part because most agents … , Redfin’s experimental program that purchases homes directly from sellers. Buyer’s agent fee not included. As of Oct 5, 2020, the average annual pay for the Redfin Real Estate Agent jobs category in the United States is $72,900 a year. The more your calendar is open the more opportunity there is. Building a workforce that reflects the diverse composition of our customers and the communities we serve is a priority and, For comparison, we looked at how Redfin-agent pay stacks up to that of other industries. The Associate Agent position at Redfin is one of the best. The company’s current value is worth nearly $2 billion with over 2000 agents, brokers, and realtors (paid with a salary apart from their commission). Redfin pays an average of just under $20,000 per agent per year on benefits and other expenses. She joined Redfin as an agent and has quickly progressed within the company and now leads Redfin’s team in the Bay Area. The typical Redfin Real Estate Agent salary is $26,154. A listing agent’s bonus is based on the final sale price of the home, so the agent has an incentive to maximize the sale price, not just go for a quick sale. To get the best sense for what Redfin agents earn once they’ve completed training and are up to speed, we looked at agents who worked at least nine months out of the 2017 calendar year. Recognizing a diverse, inclusive workforce is vital to our mission, Redfin seeks talent from all backgrounds in terms of education, military service, age, gender, ethnicity, and sexual orientation. The average Redfin salary ranges from approximately $27,935 per year for Associate Agent to $70,706 per year for Real Estate Agent. Taylor has also served as an innovation manager for Redfin real estate operations, surfacing ideas from the field, developing new strategies and rolling out initiatives across the company. Based on 1 salaries posted anonymously by Redfin Sales Agent employees in Rockville. Looking for tips and advice about buying, selling, and home improvement? This estimate is based upon 14 Redfin Lead Agent salary report (s) provided by employees or estimated based upon statistical methods. Visit PayScale to research real estate agent salaries by city, experience, skill, employer and more. Anonymous: Redfin pays for all marketing material. In addition to excellent compensation, benefits, and opportunities for growth, Redfin agents share a mission—to redefine real estate in the consumer’s favor. According to the complaint, field agents were paid a $100 flat rate to conduct home inspections for Redfin and a $125 flat rate to perform an open house showing for Redfin. ), 7 of the Best Situational Interview Questions. TREC: Info About Brokerage Services, Consumer Protection Notice. Pure control of your calendar. Using data from PayScale, we found the national median pay for different jobs across industries. Search job openings, see if they fit - company salaries, reviews, and more posted by Redfin employees. Subject: Re:Redfin Agent salary. 249 Redfin Associate Agent jobs. 2. "Redfin is very generous with its sales agents, by offering a salary with benefits. Many of the lead agents seem to be friends or relatives with upper management. Learn More The pay is up to you. We then calculated an 80 percent/20 percent brokerage split. started with Redfin as an agent in the Washington, D.C. area. “The only way to deliver the best service is to employ the best agents,” said Redfin CEO Glenn Kelman. We don’t know of many large companies that offer this kind of earning potential, along with great benefits, training and advancement opportunities to folks without a college degree. Compare more salaries for Redfin Agent at Paysa.com. Since Redfin agents are paid a salary, instead of working for a percentage-based commission, they’re less incentivized than a traditional agent to get you the highest price possible for your home. Since Redfin agents are paid a salary, instead of working for a percentage-based commission, they’re less incentivized than a traditional agent to … The GeekWire 200 is Seattle's Startup Leaderboard, an index of the most prominent up-and-coming technology startup companies in Seattle and the Pacific Northwest. They are not the most knowledgeable bunch of agents. How to Answer: What Are Your Strengths and Weaknesses? By submitting your email you agree to Redfin’s Terms of Use and Privacy Policy. Continue this thread View Entire Discussion (27 Comments) More posts from the RealEstate community. For this report, we focused on employee real estate agents, but Redfin also employs support professionals to schedule tours, coordinate closings and activate listings. Unlike traditional real estate agents, who tend to be independent contractors working solely on commission, Redfin agents are employees. In some cases, this means moving to areas outside of real estate operations. This field is for validation purposes and should be left unchanged. In 2017, Paul took on the new challenge of launching Redfin in Boise. Redfin employee agent compensation figures include salary, bonuses, and stock-based compensation for the full 2017 calendar year. All rights reserved. Industry-wide education levels came from the National Association of Realtors 2017 Member Profile. In addition, Redfin agents meet most of their customers through Redfin’s website and app, so they can devote their time and energy to helping their customers, instead of marketing themselves. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing. Considered a less usual way of doing business, some brokers real estate companies pay a base salary, such as Redfin. Get paid to show homes and host open houses among other things. A Redfin Real Estate Agent in your area makes on average $69,105 per year, or $3,795 (5%) less than the national average annual salary of $72,900. Learn what you can and then leave! Based on 3 salaries posted anonymously by Redfin Agent employees in Atlanta. If they wrote a university and did not specify a degree, we confirmed via LinkedIn. Patent pending. There are a variety of broker/agent arrangements, however, the National Association of Realtors says that most agents had a commission-split structure with their broker. Senior Project Managers in Construction and IT earn more than the median Redfin agent, however, those jobs often require more education and professional experience at the start. Indeed.com estimated this salary based on data from 3 employees, users and past and present job ads. This estimate is based upon 31 Redfin Associate Agent salary report(s) provided by employees or estimated based upon statistical methods. Glassdoor will not work properly unless browser cookie support is enabled. They receive regular in-person and virtual training from Redfin’s dedicated training team on a range of topics including customer service best practices, legal and compliance updates, industry news and how to use new Redfin tools and technology. Check out the latest Real Estate Agent Jobs or see Real Estate Agent Salaries at other companies. To get the best sense for what Redfin agents earn once they’ve completed training and are up to speed, we looked at agents who worked at least nine months out of the 2017 calendar year. Visit our blog. Posted by 1 day ago. Redfin agents work as part of a team that includes support agents who field inquiries from customers, and transaction coordinators who manage the details and paperwork of a sale. These figures. Visit PayScale to research real estate agent salaries by city, experience, skill, employer and more. Redfin’s mission is to redefine real estate in the consumer's favor. Copyright: © 2020 Redfin. Does that vary by market because I am friends with a Redfin agent that closed almost 10 million in sales last year and only made $55K. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Search job openings, see if they fit - company salaries, reviews, and more posted by Redfin employees. Redfin employees with the job title Product Manager, Software make the most with an … Average salaries for Redfin Real Estate Agent: CA$40. Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Cash Bonus, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role, 9 Attention-Grabbing Cover Letter Examples, 10 of the Best Companies for Working From Home, The Top 20 Jobs With the Highest Satisfaction, 12 Companies That Will Pay You to Travel the World, 7 Types of Companies You Should Never Work For, How to Become the Candidate Recruiters Can’t Resist, 11 Words and Phrases to Use in Salary Negotiations, 10 High-Paying Jobs With Tons of Open Positions, Negotiating Over Email? Non-Redfin agent compensation percentiles were then computed on net commission estimates. To see details of how Redfin and non-Redfin agent pay was calculated, refer to the methodology at the end of this report. Today, she is a corporate executive, as vice president of ‎recruiting, Partner Programs & MLS relations. Members get daily listing updates. started as a transaction coordinator with Redfin in 2007, an entry-level role. All Redfin agents are licensed real estate agents, brokers, or realtors. As of Nov 7, 2020, the average annual pay for the Redfin Real Estate Agent jobs category in Tacoma is $71,746 an year. We excluded agents who closed fewer than three home sales in the year, assuming they were part-time or new agents. 879. This estimate is based upon 36 Redfin Real Estate Agent salary report (s) provided by employees or estimated based upon statistical methods. Redfin’s mission is to redefine real estate in the consumer's favor. , we found the national median pay for different jobs across industries. Kelman said the company opted for a large-scale furlough in part because most agents … For this group, the median annualized pay was $90,166. Compare more salaries for Redfin Associate Agent in San Diego, CA at Paysa.com. 3. Top-performing Redfin agents also have the opportunity to earn an annual international vacation for the agent and a guest, all expenses paid. This is a generous assumption, given that Realogy, the largest U.S. real estate company, estimated its average commission split would be approximately 70/30 in 2017, Median expenses by income, as reported by the, National Association of Realtors 2017 Member Profile. started her career as a coordinator in Washington, D.C. Today she’s a senior manager on Redfin’s communications team, which includes overseeing Redfin media relations and all of the housing market research published on this blog. Redfin had 3,377 total employees as of Dec. 31, and employed more than 1,500 lead agents. They send out the photographer etc. The drawbacks of Redfin agents stem more from the company’s business model than from the agents themselves. Salaries at Redfin range from an average of $51,518 to $146,154 a year. Redfin salary trends based on salaries posted anonymously by Redfin employees. It is all covered by Redfin. The following are just a few examples of employees who have started out at entry-level or junior positions and advanced their careers within Redfin. Subscribe. They can earn $100K after their first year and get the tools and training to become top producers. This estimate is based upon 14 Redfin Lead Agent salary report(s) provided by employees or estimated based upon statistical methods. This is the equivalent of $1,380/week or $5,979/month. Associate Agent salaries at Redfin can range from $1,015 - $4,931. Team to learn more Associate, listing Agent and has quickly progressed within the company PayScale to real. 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