Redfin reduces both rebates and listing fees further

Offering buyer rebates never worked out as quite as well as Redfin had planned, and now the high-tech brokerage is trimming them yet again. But as the broker increases costs for its buyer clients, it’s doing the opposite for sellers, rolling out a 1 percent listing fee to three more markets. The fee changes reflect Redfin’s view that sellers are much more responsive to low fees than buyers …

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