Why doesn Redfin service listings that don cover our partner agents minimum commission?
Redfin’s partner agents have a $2,500 minimum commission. We never want you to pay out-of-pocket costs to cover our agent’s commission, so we choose not to tour or service offers on homes with list prices under $100,000 at 2.5% and $83,300 at 3%. We calculate the minimum commission by multiplying the list price by the market commission (usually 3% or 2.5%). Homes priced below $100,000 with a 2.5% buy-side commission, and $83,300 with a 3.0% buy-side commission don’t generate a gross commission to meet the $2,500 Redfin partner minimum. If you are interested in buying a home below these price points, you may want to hire an attorney to help you and negotiate with the listing agent directly. Remember to have the home inspected!
