Redfin

Redfin is a real estate brokerage and home search site with AI-powered tools. The biggest development is ownership: Rocket Companies announced the deal in March 2025 at $12.50 per Redfin share, or $1.75 billion of equity value, and effective July 1, 2025 it acquired 100% of the shares in an all-stock transaction. Redfin now operates as a wholly owned subsidiary of Rocket, and a trade report says it is now powered by Rocket. One commentator said CEO Glenn Kelman would continue to lead the brokerage, suggesting the salaried-agent model and Redfin culture would persist at least initially. The deal closed in 2025, not 2026.

On fees, the results include no current 2026 fee schedule, only historical figures. Redfin's model has long involved sellers paying a listing fee of roughly 1% to 1.5%, well below the 2.5% to 3% traditional commission range, and one source says Redfin saved consumers 20% to 30% on commissions versus the traditional model. A 2025 analysis also noted that sellers are no longer required to pay a buyer's agent commission by default, and agent fees have become more transparent and negotiable. I found no reporting on fee changes under Rocket, so check Redfin's site for current rates in your market. Searching homes on the site is free.

Redfin suits buyers and sellers who want a lower-fee brokerage with a strong search tool. Compare Zillow, CoStar and Lofty. Browse the Real Estate tools directory for more.

Home search

Free tools.

Lower-fee selling and buying

Brokerage services.

Who owns Redfin?

Rocket Companies since July 1, 2025.

How much was the deal?

$1.75 billion in stock.

Listing fee?

Historically 1%-1.5%.

Is search free?

Yes.