Do I need to remind you this is Piggington. In God we trust everyone else bring data. Here is data from earnings call
transactions down 33%
45% of transactions were done by non-redfin agents. They were referred to independent agents
2022 was already a low volume year and 2023 is far worse.
Lets go with 2022 as base year = 100
100 – 33% of transactions = 67
67 x 55% of transactions by in house agents =37
RDFN agents did 37% the number of transactions as they did in 2022!
That’s scorched earth not doing great!
RDFN is planning to phase out even more and take that to 55% or more referred out next year and transaction counts are still dropping.
Its likely 70% of their in house business is gone next year if not more!
Me thinks your friend has adopted the realtor Pollyanna façade
As for SDAR that was embezzlement by management of a trade association plain and simple. That individual should be in jail and likely will be once things shake out over time. It has nothing to do with the realtors or the profession. Its white collar crime which exists in every industry
