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	<title>Comments on: Redfin Turns Profitable, Real Estate Industry Shudders</title>
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	<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/</link>
	<description>Startup and Technology News</description>
	<lastBuildDate>Thu, 26 Nov 2009 21:07:37 -0800</lastBuildDate>
	
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		<title>By: Online Real Estate Broker Redfin Raises Another $10 Million</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-3093092</link>
		<dc:creator>Online Real Estate Broker Redfin Raises Another $10 Million</dc:creator>
		<pubDate>Thu, 12 Nov 2009 20:58:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-3093092</guid>
		<description>[...] in a venture capital round led by Greylock Partners.  Redfin announced it was profitable this summer.  According to TechCrunch Redfin has roughly quadrupled in size since 2008, even in a down real [...]</description>
		<content:encoded><![CDATA[<p>[...] in a venture capital round led by Greylock Partners.  Redfin announced it was profitable this summer.  According to TechCrunch Redfin has roughly quadrupled in size since 2008, even in a down real [...]</p>
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		<title>By: Already Profitable Redfin Raises Another $10 Million</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-3092043</link>
		<dc:creator>Already Profitable Redfin Raises Another $10 Million</dc:creator>
		<pubDate>Thu, 12 Nov 2009 10:16:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-3092043</guid>
		<description>[...] was a safety round, as Redfin announced profitability over the summer and have now exceeded a $20 million in revenue run rate (it was just $15 million [...]</description>
		<content:encoded><![CDATA[<p>[...] was a safety round, as Redfin announced profitability over the summer and have now exceeded a $20 million in revenue run rate (it was just $15 million [...]</p>
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		<title>By: Online Real Estate Broker Redfin Adds More Recent Sales Data And Links To Blogs</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-3078562</link>
		<dc:creator>Online Real Estate Broker Redfin Adds More Recent Sales Data And Links To Blogs</dc:creator>
		<pubDate>Thu, 05 Nov 2009 19:41:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-3078562</guid>
		<description>[...] as well as automatic links to blog discussions of a listing. The Seattle-based startup, which is profitable, represents buyers and sellers in home real estate transactions for far less than the industry [...]</description>
		<content:encoded><![CDATA[<p>[...] as well as automatic links to blog discussions of a listing. The Seattle-based startup, which is profitable, represents buyers and sellers in home real estate transactions for far less than the industry [...]</p>
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		<title>By: villas</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2949867</link>
		<dc:creator>villas</dc:creator>
		<pubDate>Wed, 26 Aug 2009 18:37:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2949867</guid>
		<description>What Redfin has accomplished is pretty amazing but their long term survival will remain to be seen. They aren’t in enough markets to be considered a player in the real estate industry. There are several real estate firms in Las Vegas that have revenues in excess of $15 million and that’s with only 1 office, not several in other cities like Redfin.

Either way, to make a profit in the real estate industry during this recession is an achievement! Congrats Redfin!</description>
		<content:encoded><![CDATA[<p>What Redfin has accomplished is pretty amazing but their long term survival will remain to be seen. They aren’t in enough markets to be considered a player in the real estate industry. There are several real estate firms in Las Vegas that have revenues in excess of $15 million and that’s with only 1 office, not several in other cities like Redfin.</p>
<p>Either way, to make a profit in the real estate industry during this recession is an achievement! Congrats Redfin!</p>
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		<title>By: Reba Haas</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2945508</link>
		<dc:creator>Reba Haas</dc:creator>
		<pubDate>Tue, 25 Aug 2009 00:11:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2945508</guid>
		<description>It is NOT in the buyer&#039;s agents best interest to shove a client into an overly expensive house and to not negotiate on their behalf. If you are an inexperienced or self-serving agent, then perhaps you might do so. Anyone who is worth their salt in this industry works on a relationship basis and the way to keep a long term relationship with a client or to be considered as a referral is to work hard for your client&#039;s best interests, including negotiating pricing and terms. Considering the margins for our business are in the low percentiles then the overall difference isn&#039;t much when you consider house prices.

If you choose an agent whose negotiation skills are poor or who thinks the way you describe above, then it&#039;s partly the consumer who is at fault. You have to interview an agent to determine if they&#039;ll be the right fit and if they work in a manner you&#039;ll like. Agent interviews should always entail discussion of compensation, timeline, roles and responsibilities, and what happens if you&#039;re not pleased with how things are going.</description>
		<content:encoded><![CDATA[<p>It is NOT in the buyer&#8217;s agents best interest to shove a client into an overly expensive house and to not negotiate on their behalf. If you are an inexperienced or self-serving agent, then perhaps you might do so. Anyone who is worth their salt in this industry works on a relationship basis and the way to keep a long term relationship with a client or to be considered as a referral is to work hard for your client&#8217;s best interests, including negotiating pricing and terms. Considering the margins for our business are in the low percentiles then the overall difference isn&#8217;t much when you consider house prices.</p>
<p>If you choose an agent whose negotiation skills are poor or who thinks the way you describe above, then it&#8217;s partly the consumer who is at fault. You have to interview an agent to determine if they&#8217;ll be the right fit and if they work in a manner you&#8217;ll like. Agent interviews should always entail discussion of compensation, timeline, roles and responsibilities, and what happens if you&#8217;re not pleased with how things are going.</p>
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		<title>By: Reba Haas</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-1/#comment-2945493</link>
		<dc:creator>Reba Haas</dc:creator>
		<pubDate>Tue, 25 Aug 2009 00:04:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2945493</guid>
		<description>Believe me, we have.  About half of the transactions we&#039;re working on now are short sales. Since many marketplaces have 25-50% of the sales being bank owned or short sale position there is plenty of business that Redfin won&#039;t touch because of their policy. Even if you aren&#039;t actively looking for short sales, they&#039;re all over the place and all kinds of price points so it&#039;s not hard to have even a buyer client want to buy one. I&#039;ve just received bank approval(s) on a short sale for a technology client of mine whose doing a move up purchase - and I did all the negotiations with the lenders on behalf of my clients. It took from April 30th to August 21st to get the approvals done. Now we&#039;re moving toward closing. There are plenty of us working hard on these client files - if you have a short sale that needs to be done, I highly recommend CDPE (Certified Distressed Property Expert) designated agents who have received training in this area.  I had experience in this area prior to the big mortgage meltdown but I got the designation anyway since it&#039;s appropriate and RE/MAX is leading the way on getting its agents educated in this arena.</description>
		<content:encoded><![CDATA[<p>Believe me, we have.  About half of the transactions we&#8217;re working on now are short sales. Since many marketplaces have 25-50% of the sales being bank owned or short sale position there is plenty of business that Redfin won&#8217;t touch because of their policy. Even if you aren&#8217;t actively looking for short sales, they&#8217;re all over the place and all kinds of price points so it&#8217;s not hard to have even a buyer client want to buy one. I&#8217;ve just received bank approval(s) on a short sale for a technology client of mine whose doing a move up purchase &#8211; and I did all the negotiations with the lenders on behalf of my clients. It took from April 30th to August 21st to get the approvals done. Now we&#8217;re moving toward closing. There are plenty of us working hard on these client files &#8211; if you have a short sale that needs to be done, I highly recommend CDPE (Certified Distressed Property Expert) designated agents who have received training in this area.  I had experience in this area prior to the big mortgage meltdown but I got the designation anyway since it&#8217;s appropriate and RE/MAX is leading the way on getting its agents educated in this arena.</p>
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		<title>By: Reba Haas</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2903085</link>
		<dc:creator>Reba Haas</dc:creator>
		<pubDate>Wed, 05 Aug 2009 20:21:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2903085</guid>
		<description>I would agree.  Hopefully the public will learn better skills in interviewing their agents too. Want a few tips?  Read these articles:
http://www.teamreba.com/blog/2009/06/29/as-a-real-estate-buyer-or-seller-what-are-your-expectations-of-agent-availability/
http://www.teamreba.com/blog/2008/07/24/how-do-you-compare-agencies/
http://www.teamreba.com/blog/2008/07/04/good-advice-on-tips-to-interviewing-a-listing-agent/
I&#039;ve got loads more tips than just these.</description>
		<content:encoded><![CDATA[<p>I would agree.  Hopefully the public will learn better skills in interviewing their agents too. Want a few tips?  Read these articles:<br />
<a href="http://www.teamreba.com/blog/2009/06/29/as-a-real-estate-buyer-or-seller-what-are-your-expectations-of-agent-availability/" rel="nofollow"></a><a href='http://www.teamreba.com/blog/2009/06/29/as-a-real-estate-buyer-or-seller-what-are-your-expectations-of-agent-availability/'>http://www.team...t-availability/</a><br />
<a href="http://www.teamreba.com/blog/2008/07/24/how-do-you-compare-agencies/" rel="nofollow"></a><a href='http://www.teamreba.com/blog/2008/07/24/how-do-you-compare-agencies/'>http://www.team...mpare-agencies/</a><br />
<a href="http://www.teamreba.com/blog/2008/07/04/good-advice-on-tips-to-interviewing-a-listing-agent/" rel="nofollow"></a><a href='http://www.teamreba.com/blog/2008/07/04/good-advice-on-tips-to-interviewing-a-listing-agent/'>http://www.team...-listing-agent/</a><br />
I&#8217;ve got loads more tips than just these.</p>
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		<title>By: Redfin Profitable &#124;</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2881229</link>
		<dc:creator>Redfin Profitable &#124;</dc:creator>
		<pubDate>Mon, 27 Jul 2009 07:46:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2881229</guid>
		<description>[...] CEO Glenn Kelman, via Techcrunch &#8230;the run rate is around $15 million. 2007 revenues were $5 million, 2006 revenues were $1 [...]</description>
		<content:encoded><![CDATA[<p>[...] CEO Glenn Kelman, via Techcrunch &#8230;the run rate is around $15 million. 2007 revenues were $5 million, 2006 revenues were $1 [...]</p>
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		<title>By: Tom</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-1/#comment-2873937</link>
		<dc:creator>Tom</dc:creator>
		<pubDate>Thu, 23 Jul 2009 12:11:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2873937</guid>
		<description>Businessweek Article:
The Great Earnings Illusion
07/23/2009

&quot;While some corporate profits are based on economic growth, others are the result of one-time gains such as asset sales and cost cuts.&quot;

Full Article Link:
http://www.businessweek.com/magazine/content/09_31/b4141020321320.htm</description>
		<content:encoded><![CDATA[<p>Businessweek Article:<br />
The Great Earnings Illusion<br />
07/23/2009</p>
<p>&#8220;While some corporate profits are based on economic growth, others are the result of one-time gains such as asset sales and cost cuts.&#8221;</p>
<p>Full Article Link:<br />
<a href="http://www.businessweek.com/magazine/content/09_31/b4141020321320.htm" rel="nofollow"></a><a href='http://www.businessweek.com/magazine/content/09_31/b4141020321320.htm'>http://www.busi...41020321320.htm</a></p>
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		<title>By: Dave</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2871926</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Wed, 22 Jul 2009 13:40:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2871926</guid>
		<description>99% of agents give the other 1% a bad name. Maybe I&#039;ll try redfin next - all the agents I&#039;ve worked with so far have been either lazy or incompetent. I had some family friends told by their realtor that she would not put in their offer because it would hurt her reputation. 

The only reason the realtor brand hasn&#039;t come crashing down is that most buyers and sellers don&#039;t know better, and don&#039;t know that there is an organization that they should be reporting people to. If every ethics violation was both provable and reported, and the NAR followed through, I can&#039;t imagine more than a quarter of realtors would still be around.</description>
		<content:encoded><![CDATA[<p>99% of agents give the other 1% a bad name. Maybe I&#8217;ll try redfin next &#8211; all the agents I&#8217;ve worked with so far have been either lazy or incompetent. I had some family friends told by their realtor that she would not put in their offer because it would hurt her reputation. </p>
<p>The only reason the realtor brand hasn&#8217;t come crashing down is that most buyers and sellers don&#8217;t know better, and don&#8217;t know that there is an organization that they should be reporting people to. If every ethics violation was both provable and reported, and the NAR followed through, I can&#8217;t imagine more than a quarter of realtors would still be around.</p>
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		<title>By: Dave</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-1/#comment-2871918</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Wed, 22 Jul 2009 13:34:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2871918</guid>
		<description>No agent works for &quot;free.&quot; The seller pays a commission which is split between the buying and selling agents, but that&#039;s just a technicality - it means that the home price is 6% higher than the home would have been otherwise. 

The fact that the 6% is worked into the home price rather than broken out in the listing is nothing but semantics. As the buyer, you&#039;re the one bringing the money to the table, and you&#039;re paying 3% more for your representation&#039;s commission. With Redfin you can get half of that price increase back.</description>
		<content:encoded><![CDATA[<p>No agent works for &#8220;free.&#8221; The seller pays a commission which is split between the buying and selling agents, but that&#8217;s just a technicality &#8211; it means that the home price is 6% higher than the home would have been otherwise. </p>
<p>The fact that the 6% is worked into the home price rather than broken out in the listing is nothing but semantics. As the buyer, you&#8217;re the one bringing the money to the table, and you&#8217;re paying 3% more for your representation&#8217;s commission. With Redfin you can get half of that price increase back.</p>
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		<title>By: Buyer</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2871743</link>
		<dc:creator>Buyer</dc:creator>
		<pubDate>Wed, 22 Jul 2009 11:03:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2871743</guid>
		<description>flat fee mls had just about the only good post in the thread.

Redfin is a start, but it&#039;s still a company that is charging too much for something a RE attorney can do for much less. 

$7000 to list a home on the MLS? That&#039;s ridiculous. You can get it on for $500 through other companies.

They used to offer 2/3 back to the customer, now it&#039;s only 1/2. 1.5% commission isn&#039;t anything to write home about.

Competition is good. However Redfin&#039;s pricing needs to change or another site will pop up, offering listings for cheaper.

I&#039;m glad to see Realtors losing business. 40% of them are idiots. 50% recognize that other Realtors are idiots, thinking they&#039;re in that top tier, but really aren&#039;t close (see Realtors posting in this thread). Then you have the top 10% who actually understand that now is a horrific time to buy. This number is probably far lower than 10%.</description>
		<content:encoded><![CDATA[<p>flat fee mls had just about the only good post in the thread.</p>
<p>Redfin is a start, but it&#8217;s still a company that is charging too much for something a RE attorney can do for much less. </p>
<p>$7000 to list a home on the MLS? That&#8217;s ridiculous. You can get it on for $500 through other companies.</p>
<p>They used to offer 2/3 back to the customer, now it&#8217;s only 1/2. 1.5% commission isn&#8217;t anything to write home about.</p>
<p>Competition is good. However Redfin&#8217;s pricing needs to change or another site will pop up, offering listings for cheaper.</p>
<p>I&#8217;m glad to see Realtors losing business. 40% of them are idiots. 50% recognize that other Realtors are idiots, thinking they&#8217;re in that top tier, but really aren&#8217;t close (see Realtors posting in this thread). Then you have the top 10% who actually understand that now is a horrific time to buy. This number is probably far lower than 10%.</p>
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		<title>By: DeployedUSMC</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2870516</link>
		<dc:creator>DeployedUSMC</dc:creator>
		<pubDate>Tue, 21 Jul 2009 21:26:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2870516</guid>
		<description>I bought my house with RedFin while I was deployed in Iraq. They were with me every step of the way. I did all the negotiating directly with the bank because the sellers agent was SO WORTHLESS. It got VERY ugly between all of the people involved - to the point the seller&#039;s agent did not want to &quot;let me&quot; buy the house if I contacted the bank one more time... I had my financing broker do it for me. :)  
I searched for a house for well over a year. In that time I went through about 6 agents and reported 2 of them formally and complained about 2 others. NOTHING happens to these people. The NAR is paid by its members. The investigator finally told me that they have been so innundated with complaints that they do not know where to start correcting the problem.
I was so glad to find a way to correct the problem - REDFIN!!! They were really great to me and my family. PDF files back and forth to Iraq and contracts done in minutes - not days or hours. It was great! Time is the only thing we cannot purchase now days, and I value mine more than anything. They made me feel like they understood that and they made every effort to prove that they could produce things at a moments notice. Change the wording on a contract to squeeze the seller a little - Sure We Can! Want to re-address something in the seller&#039;s BS 20 page &quot;Nothing is our fault and if we fail to meet a deadline too bad, but if you fail it will cost you $X,XXX.00&quot; paperwork - We Understand and WE WILL HELP!!! 

Thanks so much to RedFin for facilitating my purchase, for standing by a tough customer, and for having a sense of humor when it was all over. If it were not for you, I would never have thought I could get in to a house with a pool in Sunny Southern California. 

And, just as an aside to you critics out there, during my transaction, RedFin had a problem with my paperwork once... just once... and I got a personal phone call (Yes, to Iraq) from the regional sales manager who promptly offered me several nice concessions for the mistake and personally reviewed the rest of the transaction. True professionals throughout the entire process.

A VERY SATISFIED REDFIN CUSTOMER...</description>
		<content:encoded><![CDATA[<p>I bought my house with RedFin while I was deployed in Iraq. They were with me every step of the way. I did all the negotiating directly with the bank because the sellers agent was SO WORTHLESS. It got VERY ugly between all of the people involved &#8211; to the point the seller&#8217;s agent did not want to &#8220;let me&#8221; buy the house if I contacted the bank one more time&#8230; I had my financing broker do it for me. <img src='http://www.techcrunch.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /><br />
I searched for a house for well over a year. In that time I went through about 6 agents and reported 2 of them formally and complained about 2 others. NOTHING happens to these people. The NAR is paid by its members. The investigator finally told me that they have been so innundated with complaints that they do not know where to start correcting the problem.<br />
I was so glad to find a way to correct the problem &#8211; REDFIN!!! They were really great to me and my family. PDF files back and forth to Iraq and contracts done in minutes &#8211; not days or hours. It was great! Time is the only thing we cannot purchase now days, and I value mine more than anything. They made me feel like they understood that and they made every effort to prove that they could produce things at a moments notice. Change the wording on a contract to squeeze the seller a little &#8211; Sure We Can! Want to re-address something in the seller&#8217;s BS 20 page &#8220;Nothing is our fault and if we fail to meet a deadline too bad, but if you fail it will cost you $X,XXX.00&#8243; paperwork &#8211; We Understand and WE WILL HELP!!! </p>
<p>Thanks so much to RedFin for facilitating my purchase, for standing by a tough customer, and for having a sense of humor when it was all over. If it were not for you, I would never have thought I could get in to a house with a pool in Sunny Southern California. </p>
<p>And, just as an aside to you critics out there, during my transaction, RedFin had a problem with my paperwork once&#8230; just once&#8230; and I got a personal phone call (Yes, to Iraq) from the regional sales manager who promptly offered me several nice concessions for the mistake and personally reviewed the rest of the transaction. True professionals throughout the entire process.</p>
<p>A VERY SATISFIED REDFIN CUSTOMER&#8230;</p>
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		<title>By: The Innovator&#8217;s Dilemma in Real Estate Redux: Redfin Proves You Can Turn a Profit Even With Lower Commissions &#124; 3 Oceans Real Estate</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2866161</link>
		<dc:creator>The Innovator&#8217;s Dilemma in Real Estate Redux: Redfin Proves You Can Turn a Profit Even With Lower Commissions &#124; 3 Oceans Real Estate</dc:creator>
		<pubDate>Sun, 19 Jul 2009 18:25:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2866161</guid>
		<description>[...] Techcrunch, predictably, painted the event as causing &#8220;shudders&#8221; in the real estate indu....  Even more predictably, the post attracted the usual scrum of Realtor-hating consumers, with Reba Haas pretty much single-handedly keeping them at bay. [...]</description>
		<content:encoded><![CDATA[<p>[...] Techcrunch, predictably, painted the event as causing &#8220;shudders&#8221; in the real estate indu&#8230;.  Even more predictably, the post attracted the usual scrum of Realtor-hating consumers, with Reba Haas pretty much single-handedly keeping them at bay. [...]</p>
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		<title>By: Tom</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-1/#comment-2864028</link>
		<dc:creator>Tom</dc:creator>
		<pubDate>Sat, 18 Jul 2009 00:40:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2864028</guid>
		<description>Sorry to burst your bubble, but no. However I do look forward to seeing your Redfin testimonial after you pay them $5,000 to $7,000 upfront to sell your home and/or after you use a Redfin REAL ESTATE AGENT to buy your next home.

The more likely scenario is that we will see your comments on how you knew they were going to fail within the comment section when TC writes their deadpool article on Redfin in 2010.</description>
		<content:encoded><![CDATA[<p>Sorry to burst your bubble, but no. However I do look forward to seeing your Redfin testimonial after you pay them $5,000 to $7,000 upfront to sell your home and/or after you use a Redfin REAL ESTATE AGENT to buy your next home.</p>
<p>The more likely scenario is that we will see your comments on how you knew they were going to fail within the comment section when TC writes their deadpool article on Redfin in 2010.</p>
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		<title>By: Tom</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-1/#comment-2864020</link>
		<dc:creator>Tom</dc:creator>
		<pubDate>Sat, 18 Jul 2009 00:32:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2864020</guid>
		<description>Reads like Matt is one of those guys that likes to use air quotes at a party while every one rolls thei eyes.</description>
		<content:encoded><![CDATA[<p>Reads like Matt is one of those guys that likes to use air quotes at a party while every one rolls thei eyes.</p>
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		<title>By: Tom</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-1/#comment-2864014</link>
		<dc:creator>Tom</dc:creator>
		<pubDate>Sat, 18 Jul 2009 00:23:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2864014</guid>
		<description>TC should make up their mind on whether or no cutting employees and expenses to make it appear as though a company is more profitable than it really is. It&#039;s OK FOR Redfin to do it, but not Google? (see link for another TC STORY)

http://www.techcrunch.com/2009/07/17/how-google-made-its-q2-numbers-squeezing-expenses/</description>
		<content:encoded><![CDATA[<p>TC should make up their mind on whether or no cutting employees and expenses to make it appear as though a company is more profitable than it really is. It&#8217;s OK FOR Redfin to do it, but not Google? (see link for another TC STORY)</p>
<p><a href="http://www.techcrunch.com/2009/07/17/how-google-made-its-q2-numbers-squeezing-expenses/" rel="nofollow"></a><a href='http://www.techcrunch.com/2009/07/17/how-google-made-its-q2-numbers-squeezing-expenses/'>http://www.tech...ezing-expenses/</a></p>
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		<title>By: Reba Haas</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2859358</link>
		<dc:creator>Reba Haas</dc:creator>
		<pubDate>Wed, 15 Jul 2009 23:47:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2859358</guid>
		<description>Then you&#039;ve been meeting the wrong agents and possibly ones that are NOT members of the association.  You can read the Code of Ethics at this link: http://www.realtor.org/mempolweb.nsf/pages/code 

It is also useful to know in your own particular area what the other rules are that agents must abide by. In my area we have a huge binder of rules that we follow under the NWMLS, plus agency law for our State: http://apps.leg.wa.gov/RCW/default.aspx?cite=18.85</description>
		<content:encoded><![CDATA[<p>Then you&#8217;ve been meeting the wrong agents and possibly ones that are NOT members of the association.  You can read the Code of Ethics at this link: <a href="http://www.realtor.org/mempolweb.nsf/pages/code" rel="nofollow"></a><a href='http://www.realtor.org/mempolweb.nsf/pages/code'>http://www.real....nsf/pages/code</a> </p>
<p>It is also useful to know in your own particular area what the other rules are that agents must abide by. In my area we have a huge binder of rules that we follow under the NWMLS, plus agency law for our State: <a href="http://apps.leg.wa.gov/RCW/default.aspx?cite=18.85" rel="nofollow"></a><a href='http://apps.leg.wa.gov/RCW/default.aspx?cite=18.85'>http://apps.leg...aspx?cite=18.85</a></p>
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		<title>By: Omaha Realtor Creates 3Compete.com to Connect &#8220;Top Producers&#8221; with Sellers and Buyers - Silicon Prairie News</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2856809</link>
		<dc:creator>Omaha Realtor Creates 3Compete.com to Connect &#8220;Top Producers&#8221; with Sellers and Buyers - Silicon Prairie News</dc:creator>
		<pubDate>Wed, 15 Jul 2009 05:19:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2856809</guid>
		<description>[...] feedback. Although I know very little about the real estate industry, I&#8217;ve taken notice of innovation within it and I was excited to see Dirk taking innovative steps in [...]</description>
		<content:encoded><![CDATA[<p>[...] feedback. Although I know very little about the real estate industry, I&#8217;ve taken notice of innovation within it and I was excited to see Dirk taking innovative steps in [...]</p>
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		<title>By: Tim</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2855225</link>
		<dc:creator>Tim</dc:creator>
		<pubDate>Tue, 14 Jul 2009 17:47:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2855225</guid>
		<description>Actually, I was reading somewhere that buyer&#039;s agents do not have a real incentive to negotiate well for you. 

Since they are paid a percentage (3%) commission based on the amount that the buyer pays, what they really want to do is get you into the most expensive house you&#039;re willing buy in the shortest amount of time. And that is certainly not aligned with what I&#039;m looking for as a customer.

Because Redfin pays their agents a bonus based on customer satisfaction, the interests of agent and buyer are much more aligned.</description>
		<content:encoded><![CDATA[<p>Actually, I was reading somewhere that buyer&#8217;s agents do not have a real incentive to negotiate well for you. </p>
<p>Since they are paid a percentage (3%) commission based on the amount that the buyer pays, what they really want to do is get you into the most expensive house you&#8217;re willing buy in the shortest amount of time. And that is certainly not aligned with what I&#8217;m looking for as a customer.</p>
<p>Because Redfin pays their agents a bonus based on customer satisfaction, the interests of agent and buyer are much more aligned.</p>
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		<title>By: Congrats to Redfin&#8230; &#171; Lightning &#124; Twice</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2855109</link>
		<dc:creator>Congrats to Redfin&#8230; &#171; Lightning &#124; Twice</dc:creator>
		<pubDate>Tue, 14 Jul 2009 17:08:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2855109</guid>
		<description>[...] Redfin Turns Profitable, Real Estate Industry Shudders [...]</description>
		<content:encoded><![CDATA[<p>[...] Redfin Turns Profitable, Real Estate Industry Shudders [...]</p>
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		<title>By: Stagingworks</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2853766</link>
		<dc:creator>Stagingworks</dc:creator>
		<pubDate>Tue, 14 Jul 2009 02:54:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2853766</guid>
		<description>Congrats Redfin. Your success must be a good motivation for other players in the same industry. &lt;a href=&quot;http://www.stagingworks.ca/testimonials.htm&quot; rel=&quot;nofollow&quot;&gt;Toronto Home Staging&lt;/a&gt; may learn some key sucess from what you have shown off.</description>
		<content:encoded><![CDATA[<p>Congrats Redfin. Your success must be a good motivation for other players in the same industry. <a href="http://www.stagingworks.ca/testimonials.htm" rel="nofollow">Toronto Home Staging</a> may learn some key sucess from what you have shown off.</p>
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		<title>By: NYTimes Tech Editor Reads TechCrunch Every Morning For Story Ideas &#124; Webbyn.com</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2853764</link>
		<dc:creator>NYTimes Tech Editor Reads TechCrunch Every Morning For Story Ideas &#124; Webbyn.com</dc:creator>
		<pubDate>Tue, 14 Jul 2009 02:51:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2853764</guid>
		<description>[...] Thursday on the eve of our all day Real Time event and August Capital party. I got a great story on Redfin turning profitable and saw some unlaunched Animoto video [...]</description>
		<content:encoded><![CDATA[<p>[...] Thursday on the eve of our all day Real Time event and August Capital party. I got a great story on Redfin turning profitable and saw some unlaunched Animoto video [...]</p>
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		<title>By: NYTimes Tech Editor Reads TechCrunch Every Morning For Story Ideas &#124; Stoth</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2853724</link>
		<dc:creator>NYTimes Tech Editor Reads TechCrunch Every Morning For Story Ideas &#124; Stoth</dc:creator>
		<pubDate>Tue, 14 Jul 2009 02:25:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2853724</guid>
		<description>[...] Thursday on the eve of our all day Real Time event and August Capital party. I got a great story on Redfin turning profitable and saw some unlaunched Animoto video [...]</description>
		<content:encoded><![CDATA[<p>[...] Thursday on the eve of our all day Real Time event and August Capital party. I got a great story on Redfin turning profitable and saw some unlaunched Animoto video [...]</p>
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		<title>By: NYTimes Tech Editor Reads TechCrunch Every Morning For Story Ideas</title>
		<link>http://www.techcrunch.com/2009/07/10/redfin-turns-profitable-real-estate-industry-shudders/comment-page-2/#comment-2853691</link>
		<dc:creator>NYTimes Tech Editor Reads TechCrunch Every Morning For Story Ideas</dc:creator>
		<pubDate>Tue, 14 Jul 2009 01:57:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=81047#comment-2853691</guid>
		<description>[...] Thursday on the eve of our all day Real Time event and August Capital party. I got a great story on Redfin turning profitable and saw some unlaunched Animoto video [...]</description>
		<content:encoded><![CDATA[<p>[...] Thursday on the eve of our all day Real Time event and August Capital party. I got a great story on Redfin turning profitable and saw some unlaunched Animoto video [...]</p>
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