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June 29, 2015 05:00 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/lYmoA5XKnVQ/
Redfins Irrational Moment
Redfin 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 MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/lYmoA5XKnVQ/
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