Real Estate Agent, Atlanta, GA - October 18, 2016
Redfin is a technological Company first and foremost and the only folks getting paid decent wages are the Seattle Engineers and Executives. Agents are paid based on reviews and sometimes regardless of how hard you work, you're not compensated regardless of the hard work you did. They claim paid benefits and dues, however your base salary is so menial along with bonus structure, you indeed are paying for all of those benefits they claim to offer. If you are a RE Agent and want unlimited earning potential, don't work at this place. If you're a brand new Agent with no experience, Redfin is a great place to start because they'll provide enough leads to keep you stressed out and under water. You will be expected to close a minimum of 3 deals per month, so forget any kind of work life balance. If you attempt to take a day off to decompress, you will be scolded and told you're not a team player. Also, given your compensation is tied to a review by the customer, you better be prepared to miss out on quiet time, family time, or even the birth of your children, because rest assure some consumer will claim in a review that you didn't respond to them in a timely manner and your already menial bonus will be cut further. The Average bonus after taxes is $1,000.00 and your base salary will be $10,000.00 so you do the math. A traditional Agent will be paid thousands in commissions, paid right away, and paid regardless of what the consumer thinks. Redfin's business model is rigged to keep you hungry enough to stay, but too poor to leave. Redfin also promotes unqualified individuals into leadership positions. I would assume this is due to the revolving door. They can't sustain quality Agents because they don't compensate them fairly.