Redfin CEO Glenn Kelman recalls a tense board meeting when his company discussed eliminating its customer commission refund in the latest Greymatter video from Greylock Partners. Typically in real estate transactions, the seller of a home pays a commission of 5% which is split between the seller’s agent and the buyer’s agent. Traditional brokerages keep all of their commission. Read More...
Redfin’s Irrational Moment