T
he real estate brokerage is expanding its agent compensation plan nationwide ahead of schedule. The new plan, called Redfin Next, was initially piloted in San Francisco and Los Angeles a year ago. It has since been rolled out to several other markets, including Orange County and San Diego in January.

    Under this plan, agents can earn splits as high as 75% on their businesses, and the company covers nearly all business expenses. Agents also receive healthcare benefits, a 401(k) program, and paid vacations.

    Redfin's chief of real estate services, Jason Aleem, believes that this new plan has played a significant role in transforming their business and propelling their growth. He stated that Redfin Next has empowered their agents to amplify their businesses and unlocked opportunities for them to earn more money. The company plans to recruit hundreds more agents in the coming months.

    It's worth noting that agents in the Redfin Next plan work as employees rather than independent contractors. This means they don't receive a base salary or event pay. However, they can still benefit from the best of both worlds: high splits for business they generate on their own and contacts generated off of Redfin.com.