Redfin Employee Reviews about "benefit"

Pros

This company is by far the best I have ever worked for. Their benefits package is the best I've seen in over 10 years (I used to work in health insurance). They are an extremely socially conscious and 100% inclusive company, if you are a minority of ANY kind, THIS IS THE COMPANY FOR YOU! They provide all the materials and training needed to perform at the highest level. I would recommend this company over just about any other.

Cons

I have run into any cons as of yet. It's been an amazing and life changing experience!

Pros

- Control over your own hours. There is a scheduling interface where you can open or block certain hours of days in the week - You are paid for every tour, inspection etc. that you do. paid bi-weekly. You are not expected to close deals at all and you won’t be able to unless you’re a Lead Agent - It is clear how much you will make as there is a pay chart that makes it transparent - Excellent pay, especially weekdays after 5pm and weekends when you get paid more - You are paid even if client cancels on the same day of a confirmed tour - You can work weekends only as part time, or you can work 7 days a week as you see fit. You can take a few months off and get right back into action. Just make sure you’re communicating about it with your manager - You will often be on the road in your car driving to properties. I like this because I love my alone time listening to music and driving. You won’t have to drive any clients - Your work place is different every day and you’ll get to meet tons of clients and other real estate professionals. Great if you like a little adventure everyday

Cons

- There is often work on your days off in preparation for future tours. You have to call, text email listing agents to arrange tours for the following work days. This work is unpaid. Don’t worry though, if you don’t have any future tours to book, then you don’t have to do anything on your off days - Unless you want to become a lead agent, there is virtually no upward mobility in being an Associate Agent - You will be doing the same thing over and over again. It will be predictable. However some people like this consistency - Lots of miles on your car. You can deduct mileage on taxes however. There’s a neat tool that Redfin offers to keep track of mileage - No benefits, as you are an independent contractor. HOWEVER! This job is wonderful for military reservists and national guard as you’ll have the federal benefits to make up for it

Pros

Paid benefits and PTO. Learn a lot about real estate really fast and no need to fish for clients.

Cons

Beware of management in Portland OR. Agree that of your manager is there to be a support and advocate for agents then could be great. Not the case in Oregon. Good luck.

Pros

Vibrant culture, smart and friendly coworkers to collaborate with on initiatives, inspiring mission-driven work, stocked kitchens, fun team events outside of work, real career advancement opportunities, supportive team environment. If you're driven and passionate about what we do, you can make it happen here and have fun while doing it!

Cons

It would great if there was a 401(k) employer match to make our benefits package even better.

Pros

Redfin has done a great job building teams that live by our values. I interact with people across the organization and everyone has been nothing but genuine, helpful, and friendly. New ideas are encouraged, which is refreshing. Our benefits package is awesome and there's always something to eat in the kitchen.

Cons

As with any company growing as quickly as we are there are growing pains, but when a road block is identified, leadership acknowledges it and puts together an action plan to resolve.

Pros

Tons of flexibility with this job. You have almost complete control over your schedule. 401K and good health benefits. Tons of excellent training available.

Cons

Most managers are good sales people that have been promoted. Not many have higher education backgrounds and their communication skills are severely lacking. Huge disconnect between the reops and the bizops side of the business.

Pros

Great people to work with. Opportunity to work from home. Good and affordable health benefits for husband and wife.

Cons

The role seems to be largely disappearing as the company scales back due to the volatility of the housing market. Training could use some improvement.

Pros

Able to set your own hours

Cons

They have cut pay to they Associate agents constantly over the last few years. Do not pay for mileage or any prep work for a tour. They don't help pay for anything you need to do your job including internet, ink (you have to print tour information prior to every tour out of your packet), no mileage pay, etc. They treat their bottom employees like they don't matter at all. A tour gets canceled you did all the work, printed out everything you get nothing. No benefits or anything for their AA which do a lot of work and it all goes unnoticed. AA are treated like disposable objects. It costs more in gas, wear and tear on your car than they pay you and print supplies than they pay you.

Pros

Great search engine placement for online shoppers. This is where the lead source comes from much like Realtor.com and Zillow etc.

Cons

Redferno is a fake acting pep rally. They Claim agents are closing all these transactions is highly unlikely. Zillow has about 7-10 percent conversion rate on online leads. That is about what it is here. I can promise keeping a client under contract and closed is a huge task, and claiming agents are doing 100 transactions a month is hard to believe without major assistance. From experience you are building a relationship with the client because they can choose from 20 other real estate firms, agents etc. So this takes a lot of showings and time to build this trust. On Average I show at least 3 homes to 1 buyer and receive NO AA assistance for showings. So I would say that amount of transactions is IMPOSSIBLE to achieve. Not to mention the amount of deals that fall apart with financing, inspection, appraisal issues etc. For all you realistic agents dealing with 5 transactions in one month(guarantee most slow time is 1 a month), the amount of phone calls with the clients to ensure the file closes is a tremendous task for the compensation you receive. I promise the transaction coordinators make your job 3 times more complicated, duplicate communication, add extra unnecessary steps, and interfere with your clients. Title companies audit the contracts, and transaction coordinators are more overhead that reduce producing agent commissions. I would rather hire my own secretary if needed. Redfin managers literally produce nothing. Not sure why they are even needed. Pay is 12K and transaction bonuses are 1200-1600 no matter if a house is 100,000 or 600,000. Your lucky to break 40-45k on average. I am not sure about big cities but it's all fiction folks. If you in a big city more agents to distribute leads to, and they do favoritism to agents for listings etc. No benefit for adding a sphere client(400 bonus on your pathetic 1200 transaction bonus). Listen, I don't need mileage and event pay. What I need is a better split from you! You are getting 13% split and you get 87%. A 12K salary 12K event pay and gas does not equal a better split percentage . I'm not sure of the metrics of your overhead, but your way off on what our pay should be. All your loyalty bonus crap is a scam. Ill take care of my gas and expenses. I don't claim to know all the metrics, and can sort of understand the making 45-75K and accept this pay. HOWEVER, I don't need Managers micromanaging you, constant meetings, company parties, walking on egg shells to fit into your cult. The entire industry is independent contractors, so you recruit us knowing we don't like micromanagement. We are the bosses and have to deal with clients and the clients call us. Leave us alone unless we aren't selling! The entire onboard process is long and we are pre-screened seeing if we have done closed transactions, current MLS access, and background check. My point is you are hiring someone that already knows what they are doing. What is up with the managers? Remember all those issues above on how deals fall apart. Well apparently that is all your fault, and have to babysit the transaction coordinator, the manager, the other manager, the client, the lender, hell the dog, and figure out how to keep everyone happy. But wait, if you have the tolerance to put up with all this, and resolve all the problems do you get a congrats on a closed deal. NO they wait until you have 2 million dollars in one month under contract and they send termination to keep commissions. It's a huge corporation that you can not call anyone to speak with grievances. Your manager controls your livelihood. That is a great model for a criminal organization to steal commissions, hire new agent, fire, steal, repeat. It is almost comical that they think they get some satisfaction in terminating you. You literally are terminating the broker sponsorship and you continue on your real estate career. They sent threatening termination emails over uploading deals 'incorrectly in agent tools.' After stressful emails I still wrote a 680K sphere client for Redfin, being loyal instead of changing brokers. The company terminated 1 day after that closing. The company waited until the deal closed to terminate and to collect 16,0000 dollar commission check in which I hope they send 2200 dollars. I also have 4 deals under contract and they said they are not going to pay the commissions another one which is sphere. If you like writing up deals for a company to rob you this is the place for you. I hope upper management reads this and fires the Managers in the south region. If you are going to fire producing agents I strongly suggest you close the doors. If after you read this hopefully I helped make your decision to work for this brokerage, or further do something else with your livelihood.

Pros

The only pros Redfin has going for it is a great website and app to search for homes and health benefits for full-time staff

Cons

This company is in terrible disarray. The real estate and business operations are at a boiling point, agents and staff are fleeing and no amount of free Jack Links is going to fix this mess. There is constant agent turnover with inexperienced managers behind the curtain. if you are trying to sell new construction why on Earth would you sell with Redfin? The agent you hire to sell your project is probably not going to be there in a few months because they are overworked, over micromanaged and totally underpaid. The so-called "data" they have is questionable and definitely not anything compared to an experienced agent who has many deals under their belt and a large network of agent relationships. There is no incentive to be a Redfin agent. This is not a company that invests anything in its employees. People are easy to replace or dispose of at Redfin.