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June 29, 2015 05:00 am GMT

Redfins Irrational Moment

Screen Shot 2015-06-28 at 5.52.01 PMRedfin CEO Glenn Kelman recallsa tense board meeting when his companydiscussed eliminating itscustomer commission refund in the latest Greymatter video from Greylock Partners.Typically in real estate transactions, the seller of a home pays acommission of 5% which is split between the seller’s agent and thebuyer’s agent. Traditional brokerages keep all of their commission. Read More

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