Redfin reports higher earnings, unveils program that cuts out buyers’ agents

Along with reporting higher revenue — and a net loss — for the quarter, Redfin unveiled a pilot program that allows consumers to make direct offers on homes through the company’s website. The initiative, dubbed Redfin Direct, is another blow to the traditional brokerage model. It began with a test run in Boston, said CEO Glenn Kelman, speaking at the company’s Wednesday earnings call. The program allows buyers to start the process of buying a home […]

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