Comments on: Redfin Fined $50K and Told to Alter Blog http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/ Search luxury homes, luxury lifestyles and luxury news Mon, 13 Oct 2008 05:52:16 +0000 http://wordpress.org/?v=2.6.1 By: The Empire Strikes Back : Domus Test Test Test http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-34805 The Empire Strikes Back : Domus Test Test Test Sat, 19 Jul 2008 16:58:56 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-34805 [...] Roberta Murphy at Luxury Home Digest [...] [...] Roberta Murphy at Luxury Home Digest [...]

]]> By: Roberta Murphy http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-32805 Roberta Murphy Sun, 16 Dec 2007 03:10:00 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-32805 Idetrorce: You don't agree with Redfin's fine--or my reporting of the event? Please explain. Idetrorce:

You don’t agree with Redfin’s fine–or my reporting of the event?

Please explain.

]]> By: Bill http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-13956 Bill Tue, 03 Jul 2007 05:59:20 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-13956 You have an outstanding good and well structured site. I enjoyed browsing through it.b You have an outstanding good and well structured site. I enjoyed browsing through it.b

]]> By: Roberta Murphy http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-8481 Roberta Murphy Sat, 26 May 2007 22:33:56 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-8481 As I recall, Redfin's CEO said something to the effect that Redfin makes money on each sale, but doesn't do enough sales to make any money. The loaded question is: How many sales will they have to do to break even? $9 milliion won't go very far with Redfin's planned expansions. In San Diego, they don't even have an office listed-- and their lone agent has closed one sale in the last few months. As I recall, Redfin’s CEO said something to the effect that Redfin makes money on each sale, but doesn’t do enough sales to make any money.

The loaded question is: How many sales will they have to do to break even? $9 milliion won’t go very far with Redfin’s planned expansions. In San Diego, they don’t even have an office listed– and their lone agent has closed one sale in the last few months.

]]> By: Austin Real Estate Blog http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-8479 Austin Real Estate Blog Sat, 26 May 2007 21:19:33 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-8479 Last I heard redfin had 9 million in venture capital funding. I think they are the big boy. Last I heard redfin had 9 million in venture capital funding. I think they are the big boy.

]]> By: Justin Smith http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-8166 Justin Smith Wed, 23 May 2007 21:15:17 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-8166 I Roberta, I hope you will post an update on the appeal... I'm interested to see how this pans out. I Roberta,
I hope you will post an update on the appeal… I’m interested to see how this pans out.

]]> By: Roberta Murphy http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-7850 Roberta Murphy Mon, 21 May 2007 03:21:46 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-7850 Tony: Hmmm....looks like lots of real estate agents will be buying cigars. LOL! Tony: Hmmm….looks like lots of real estate agents will be buying cigars. LOL!

]]> By: Tony May http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-7846 Tony May Mon, 21 May 2007 02:42:08 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-7846 There are cigar-chomping good 'ol boys in every industry. Redfin clearly alienated the big real estate boys. You know, generally speaking, violating Rule 190 would be over-looked by people in this business as it just gets the listing more exposure (for both the listing and the agent). But, if you tick off the big boys, they'll call you out on 190 violation if it is the only thing they can technically get you on. Remember, Al Capone didn't get busted for being a gangster or for murder charges - it was tax evasion. Anger the big boys and girls and they'll get you with whatever they can - including minor violations. I wouldn't be surprised if this guy gets pulled over by a cop whose wife is a real estate agent and the cop not only gives him a speeding ticket but looks for every other possible violation! :) There are cigar-chomping good ‘ol boys in every industry. Redfin clearly alienated the big real estate boys.

You know, generally speaking, violating Rule 190 would be over-looked by people in this business as it just gets the listing more exposure (for both the listing and the agent). But, if you tick off the big boys, they’ll call you out on 190 violation if it is the only thing they can technically get you on. Remember, Al Capone didn’t get busted for being a gangster or for murder charges - it was tax evasion.

Anger the big boys and girls and they’ll get you with whatever they can - including minor violations. I wouldn’t be surprised if this guy gets pulled over by a cop whose wife is a real estate agent and the cop not only gives him a speeding ticket but looks for every other possible violation! :)

]]> By: Redfin Fined 50 Large (Seattle) at Condo Blog http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-7581 Redfin Fined 50 Large (Seattle) at Condo Blog Fri, 18 May 2007 12:12:27 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-7581 [...] Home Digest, Square Feet, and I am sure many more today - try a Google Blog Search for Redfin. Permalink   by Anthony Longo   May 18th, 2007 in Condo News, Real Estate &Technology. [...] [...] Home Digest, Square Feet, and I am sure many more today - try a Google Blog Search for Redfin. Permalink   by Anthony Longo   May 18th, 2007 in Condo News, Real Estate &Technology. [...]

]]> By: The Empire Strikes Back | 3 Oceans -- The San Francisco Bay Area Real Estate Blog http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-7555 The Empire Strikes Back | 3 Oceans -- The San Francisco Bay Area Real Estate Blog Fri, 18 May 2007 04:27:05 +0000 http://luxuryhomedigest.com/2007/05/17/redfin-fined-50k-and-told-to-alter-blog/#comment-7555 [...] Roberta Murphy at Luxury Home Digest [...] [...] Roberta Murphy at Luxury Home Digest [...]

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