Disruptive online brokerage Redfin says they deal with “threats, stalkings and other disturbing behavior towards their employees and some customers”…

(Source: TechCrunch)

Online real estate broker Redfin is revamping its website to add recent data and photos of recent home sales as well as links to blog discussions of a listing. The Seattle-based startup, which is profitable, represents buyers and sellers in home real estate transactions for far less than the industry rates that take 5%-6% of the sale price of a home and split it between buy and sell brokers. On the buy side they reimburse 50% of the fee they receive back to the buyer. On the sell side they charge a $5,000 – $7,000 flat fee. The normal broker fees on a million dollar house are up to $60,000, so the savings for the consumer can be significant.

Read the full article by Leena Rao, “Online Real Estate Broker Redfin Adds More Recent Sales Data And Links to Blogs” at TechCrunch (Nov 5, 2009).

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