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Redfin

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Redfin is an online real estate company that provides real estate search and brokerage services. Redfin uses an interesting combination of online real estate search and access to live agents. They employ their agents so they can better control customer satisfaction; traditional brokerage firms license their name to independent agents. Redfin claims to save homebuyers on average $7,500 by reimbursing roughly 1/2 of the buy-side real estate fee directly on closing. Redfin also pays bonuses to agents when they receive high customer satisfaction.

The service launched in February 2006.

Redfin’s main competitors include real estate search services like Trulia, Zillow, Estately and Realtor.com. None of their competitors combine online real estate search and brokerage services.

On their site, Redfin combines MLS listing information with historical data into a single map. You can search for homes by neighborhood, city or MLS number, or you can refine results using detailed parameters like price and number of beds or baths. As of July 2007, users can look for homes in Chicago, Washington, D.C. area, including Central Maryland and Northern Virginia, Greater Boston, the San Francisco Bay Area, Greater Seattle and Southern California, including Los Angeles, Orange County, the Inland Empire and San Diego.

The company was founded by David Eraker and is based out of Seattle; there is also a San Francisco engineering office, and local agents in each of the markets Redfin serves.

Recent Milestones

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• 
  Redfin added Sasha Aickin as Chief Technology Officer. (12/1/11)
  Posted 9/17/12 at 11:47am
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  Redfin received $14.8M in Series E funding. (10/27/11)
  Posted 10/27/11 at 6:04pm via techcrunch.com
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  Redfin added Michelle Broderick as Marketing Director. (9/1/10)
  Posted 12/2/10 at 4:44pm
• 
  Redfin — Redfin named in Lead411's Hottest Seattle Companies list (6/8/10)
  Posted 6/11/10 at 10:54am via lead411.com
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  Redfin added James Slavet as Board member. (11/12/09)
  Posted 11/12/09 at 1:58am
• 
  Redfin received $10M in Series D funding. (11/12/09)
  Posted 11/12/09 at 1:55am
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  Redfin received $12M in Series C funding. (7/1/07)
  Posted 7/18/07 at 2:18am via techcrunch.com
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  Redfin received $8M in Series B funding. (5/1/06)
  Posted 7/18/07 at 4:52am via redfin.com
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  Redfin received $1.25M in Venture Round funding. (1/9/06)
  Posted 4/12/10 at 11:48pm via 360digest.com
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  Redfin received $770k in Series A funding. (9/1/05)
  Posted 7/18/07 at 4:53am
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  Redfin added David Selinger as CTO & Co-Founder. (1/1/04)
  Posted 11/1/11 at 10:47am
• 
  Redfin added Glenn Kelman as President & CEO.
  Posted 7/18/07 at 2:10am
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  Redfin added Adam Wiener as Vice President, Analytics & New Business.
  Posted 9/17/12 at 11:56am
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  Redfin added Scott Nagel as Chief of Real Estate Operationsons.
  Posted 3/9/08 at 5:38pm
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  Redfin added Tom Vogl as Chief Marketing Officer.
  Posted 9/17/12 at 11:54am
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  Redfin added Bryan Selner as Vice President, Products.
  Posted 9/17/12 at 11:56am

Videos

Screenshots

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Products

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Redfin

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Website	redfin.com
Blog	blog.redfin.com
Stage	Live
Launch Date	July 18, 2005
Tags	wiki

Above: Redfin Screenshot -- #1
Uploaded: 2/5/08

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Sources

1. Citation Needed [add]
2. Redfin Gets $1.25 Million (360digest.com) [edit]
3. redfin.com [edit]
4. techcrunch.com [edit]
5. Citation Needed [add]
6. Redfin Raises Another $14.8 Million To Reinvent The Real Estate Market (techcrunch.com) [edit]
Lead411's Hottest Seattle Companies list (lead411.com) [edit]