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  "notes": "Uses Redfin marketing materials to frame a critique of Zillow's transparency.",
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      "text": "Redfin Next commission splits: 75% Agent-generated, 40% Redfin-generated",
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      "kind": "list",
      "text": "Top-tier benefits: Zero professional fees, Healthcare/401k, Paid vacation",
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      "text": "In addition to Realtor.com, Redfin recently launched Redfin Next in four California markets. The program is a similar 40% commission split for Redfin-sourced leads. Redfin provides its CRM, which is similar to Zillow's Super App. Redfin acquired Bay Equity Home Loans in 2022 which is its mortgage business. Q4'23 earnings call: Redfin's CEO said \"In May, we plan to expand Redfin Next to seven more markets, out of more than 100 Redfin markets total. With the expansion, Next will reach markets that accounted for about a third of Redfin's 2023 brokerage revenues. If the second stage of the pilot goes well, Redfin Next could become our Redfin-wide agent pay plan in early 2025.\" Why doesn't Zillow give guidance on the total number of Enhanced Markets?",
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      "text": "Source: Redfin website and Q4'23 Conference Call",
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      "text": "Realtor.com And Redfin Have Similar Models To Zillow's Flex",
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