What is the Redfin commission refund?
If you buy a property through one of Redfin’s own agents, we refund to you half of the commission that we receive from the seller*. The convention in most markets is for the seller to pay 3% of the final price as a commission to the buyer’s agent, in which case you would get 1.5% of the purchase price as a refund. We have refunded nearly $100 million in commissions. Our minimum fee is $6,000, so if the total commission is less than $12,000, we still keep $6,000 and refund to you the rest. If you buy a home through one of Redfin’s partner agents you’ll receive a refund from the partner of 15% of the buyer’s agent commission, rather than 50%. The partner agent may provide services that Redfin’s own agents do not. The website will always be clear about whether you are requesting service from one of our own agents or one of our partner agents. * Except in Oregon, where we can’t offer a refund.
If you buy a property through one of Redfin’s own agents, we refund to you half of the commission that we receive from the seller*. The convention in most markets is for the seller to pay 3% of the final price as a commission to the buyer’s agent, in which case you would get 1.5% of the purchase price as a refund. We have refunded nearly $100 million in commissions. Our minimum fee is $6,000**, so if the total commission is less than $12,000, we still keep $6,000 and refund to you the rest. If you buy a home through one of Redfin’s partner agents you’ll receive a refund from the partner of 15% of the buyer’s agent commission, rather than 50%. The partner agent may provide services that Redfin’s own agents do not. The website will always be clear about whether you are requesting service from one of our own agents or one of our partner agents. * Except in Oregon, where we can’t offer a refund. **Except in Chicago and Atlanta, where our own agents’ minimum commission is $2,500.
