scaredy
The system is more expensive to maintain than you think. If they were simply handing out referrals and drawing 30% they would make a mint but there is much more to support than that. Mark my words, in a few years Redfin will be toast too and will be changing their model. Frankly I dont beleive any of these companies really intend to change anything anyway. All these companies are started by tech entreprenuers. I have some experience in tech start-ups and these guys come from a mentality that they need an exit strategy and that usually means building something they can sell to an industry leader.