LOS ANGELES & SURROUNDING REGIONS ASSOCIATE AGENTS SEEKING COMPENSATION THAT ALIGNS WITH THE CURRENT HOUSING MARKET AND RECENT COST OF LIVING EXPENSES.

LOS ANGELES & SURROUNDING REGIONS ASSOCIATE AGENTS SEEKING COMPENSATION THAT ALIGNS WITH THE CURRENT HOUSING MARKET AND RECENT COST OF LIVING EXPENSES.

Redfin has positioned itself as a full-service brokerage and #1 nationwide brokerage site in the US, combined with our own technology and real estate agents to make buying or selling a home faster, easier, and more efficient.

As Associate Agents in the Los Angeles and surrounding Markets, we are grateful for the opportunity to work with Redfin and believe in the company’s goal of redefining real estate. One thing that makes Redfin different from traditional brokerages is the team structure that emphasizes efficiency and focuses on customer satisfaction. 

Over the past couple of years, home prices have increased exponentially. The median home price in Los Angeles is now $883,400. Because of this, in 2021, Redfin has seen a 74% gross profit increase year over year, and Lead Agents have seen higher bonuses. During this same period, the only solution for an Associate Agent to earn a higher income and maintain our standard of living would be to perform more events since the pay per event has not risen in several years.

Recently, inflation has been rising at more than 7% per year. The cost of living in Los Angeles is already 73% higher than the average cost of living throughout the rest of the United States. Purchasing a home in Los Angeles on an Associate Agent’s income would be unrealistic. Our transportation costs are 65%, and rent is nearly 100% higher than the national average. An Associate agent would need to perform 20 tours a week at the $60 pay just to earn $1,200 per week (most events pay less than $60, and tours only pay $60 on nights and weekends). Adding to our challenges, in 2022 performing more events has become increasingly difficult as tours and other events appear less frequently on our calendars when we have made ourselves available for work.

We were there when Redfin was short-staffed and needed all hands on deck while there was higher demand in 2021. We were there for the company when they asked us to work during the Covid 19 pandemic, successfully navigating challenges like gathering client signatures on PEAD forms and other pandemic-related difficulties. We’ve been sacrificing our weekends and evenings for years. It has become more difficult for us to earn the necessary income to maintain our lifestyles while continuing in this role. We are now asking for a higher level of appreciation and for our contribution to this company to be recognized. 

As a collective group of Associate Agents contracted with Redfin in the Los Angeles and surrounding regions, we have the following requests:

• An immediate overall increase in event pay to match the San Francisco and Hawaii markets. In addition to matching the SF and HI markets, we request additional modifications to the pay structure which include:
• An immediate increase in pay for canceled events when we have driven to the property. The rate of pay if we have driven to the property should be equal to the rate of pay for a completed single home tour. 
• The rate of pay for pick-up and drop-off events should immediately go from $25 to $40. 
• The rate of pay for daytime events should not be less than the rate of pay for evening or weekend events. We are still doing the same task which requires the same amount of gas and time and should be paid accordingly. With the amount of traffic often being the same if not worse during the daytime.
•  Multiple home tours should increase at the rate of $20 per home instead of $10. We are driving and taking time for each additional home which is not justified by the current $10 increase.

Redfin Associate Agents in the Los Angeles and Surrounding Markets    Contact the author of the petition