SOTM: RE/MAX Joins Forces with Redfin and Real Estate Startup Riley Shuts Down

March 20, 2019

It’s been an interesting week in real estate, especially with news of RE/MAX and Redfin joining forces. On today’s State of the Market podcast, Pat Hiban and Kevin Kauffman explore how this referral-based partnership will work and what it could mean for RE/MAX agents. Other stories discussed on this episode include lead-qualification startup Riley shutting down and the class action lawsuit filed against the NAR.

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Listen to today’s show and learn:

  • Redfin and RE/MAX join forces [1:50]
  • Why a referral-based business model might make sense for Redfin [5:26]
  • How much Redfin made in referral fees alone last year [13:21]
  • Kevin’s opinion on the class action lawsuit against the NAR [17:12]
  • Lead-qualification startup Riley shuts down [18:41]
  • Why Kevin doesn’t use ISAs or AI services like Riley [24:30]
  • The problem with automated text services [26:10]
  • How to break through your goals.
  • Plus so much more.

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