RedFin is trying to cut out the realtors and take home sales and purchases direct to the web. The interface includes MLS scrapes and historical sales data on to a single map, making it look sort of similar to Zillow.
Here are some of the financial models:
- RedFin reimburses 2/3 of the buy-side fee to the buyer.
- Flat fee of $1,350.00 for all sales activities
This will be interesting to watch as they expand out of the Seattle market and into other cities.