Redfin Corporation  (RDFN)
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    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services

Redfin Corporation

Business Description

Redfin Corporation is a technology-powered real estate brokerage company that operates in the United States and Canada. The company was founded in 2004 by David Eraker, Michael Dougherty, and David Selinger, and is headquartered in Seattle, Washington. Redfin is known for its innovative approach to real estate transactions, using technology to provide transparency and efficiency to the home buying and selling process.

Redfin*s business model is based on providing full-service real estate transactions at a lower cost than traditional brokerages. The company employs licensed real estate agents who work on salary and receive bonuses based on customer satisfaction, rather than commission based on sales volume. Redfin also invests heavily in technology to streamline the home-buying and selling process. Some of these technologies include a mobile app that allows users to search and schedule tours, a powerful data analysis platform that provides insights into local real estate markets, and machine learning algorithms that help predict future market trends.

Redfin*s core services include buying and selling homes, as well as providing mortgage and title services. Customers can search for homes on the Redfin website or mobile app, and are matched with a local Redfin agent who guides them through the home buying process. Redfin also offers a "sell for more" service, which uses data analytics and machine learning to help homeowners price their homes correctly and negotiate with buyers. Additionally, Redfin Mortgage offers mortgage loans to qualified buyers, and Redfin Title provides title and escrow services.

Redfin has been recognized for its innovative approach to real estate, and has received numerous awards and accolades. In 2019, Redfin was named one of the world*s most innovative companies by Fast Company. The company was also named one of the 100 best places to work in the US by Glassdoor in 2020, and was recognized by Newsweek as one of America*s most trusted companies in 2021.

As of 2021, Redfin has over 3,000 employees and operates in more than 95 markets across the United States and Canada. The company has helped more than one million customers buy or sell a home, and has facilitated more than $88 billion in real estate transactions. With its innovative technology and customer-centric approach, Redfin is poised to continue disrupting the real estate industry for years to come.

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