Los Angeles Times

Redfin tries out 1% home listing fee for the first time in California Los Angeles Times The reduced listing fee rolled out in San Diego in the spring. Redin has tested a 1% listing fee in other places, including Seattle, Denver and the Washington, D.C., area. The real estate brokerage typically charges a 1.5% listing fee in the more than …and more »

“Redfin said its fees cover the same services offered at traditional agencies, including free professional photography, open houses (as many as necessary), online marketing, print brochures and a 3-D walk-through online tour.

Redfin agents are paid differently from a typical real estate agent. They receive a salary and benefits, rather than a commission, and get bonuses based on customer satisfaction.

There are signs that commissions for traditional agents could be lowering, said data from industry watcher Real Trends Consulting reported by the Washington Post. Real Trends said the average commission in the United States was 5.26% in 2015, a steady decline from the 1990s, when rates reached 7% in some areas.”