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Redfin to display Realtor commissions on Redfin listings

https://www.housingwire.com/articles/50024-redfin-is-now-publishing-real-estate-agent-commissions-on-listings

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Redfin announced Thursday that the commissions of buyer's agents will now be published on some of the company's real estate listings, because the company believes that being transparent with commission will help the customer better understand the transaction. The commission will be displayed in the property detail section where the home is listed.

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“Across the country, the Multiple Listing Services that agents use to share listing data are now considering whether to follow the lead of the Seattle-area MLS and let brokerage websites publish the commission each listing pays a buyer’s agent,” said Redfin CEO Glenn Kelman. “But with more than 20,000 homes listed for sale each year by a Redfin agent, Redfin doesn’t have to wait for the MLS to give us permission to show the commissions offered to buyers’ agents on our own listings."

submitted by /u/aardy
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source https://www.reddit.com/r/RealEstate/comments/cxoppl/redfin_to_display_realtor_commissions_on_redfin/
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