Compass Agent Network provides a comprehensive suite of tools and services for agents, including AI assistance and renovation support, but it comes with variable commission structures and fees. RedfinNow, although discontinued, offered a quick iBuying solution with flexible closing dates but had potentially high fees. The choice depends on whether an agent prioritizes comprehensive support and tools (Compass) or a fast, albeit now unavailable, iBuying process (RedfinNow).
| Attribute | Compass Agent Network (with AI Assistant) | RedfinNow iBuying Program |
|---|---|---|
| Agent Commission Structure | Agent-specific commission split, average split of 80/20, splits range from 60/40 to 92.5/7.5, no franchise or royalty fees, monthly fee (e.g., $145), transaction fee of up to 4%. | Redfin agents typically earn a salary rather than a commission. Redfin's commission splits range from 30/70 to 75/25, but these splits apply to specific transactions rather than providing agents with full commission flexibility. |
| AI Assistant Capabilities for Agents | Compass AI automates routine tasks, automates workflows such as listing descriptions, social media content, and client communications, leverages a data lake, embedded in functionalities including performance tracking, contact management, marketing, and insights. | Redfin uses machine learning algorithms to recommend listings to buyers and estimate home values for sellers. Redfin Agent Tools acts as a personal assistant, CRM, and transaction management software. It provides proactive follow-up prompts and insights into customer online behavior. |
| iBuying Service Availability | Available in Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, Washington, Wisconsin, Wyoming. | RedfinNow is no longer available, as the program was shut down in 2022. Previously, it had expanded to 34 markets in 16 states and the District of Columbia. |
| Speed of Offer for iBuying | Connects you with a local agent. | RedfinNow typically responded within 24-48 hours with a cash offer. |
| Renovation Costs Covered by iBuying | Concierge program covers upfront costs of home improvements and staging, sellers pay only when the home sells. | Repair costs were variable and deducted from the final offer. |
| Geographic Coverage of Services | Available in over 70 markets nationwide, operates in more than 450 offices worldwide. | Redfin operates in over 90 markets in the United States and Canada. |
| Marketing and Advertising Support for Agents | Customizable marketing materials, AI-powered content creation, SEO-friendly content embedding, 3-Phased Marketing Strategy. | Redfin provides marketing support to agents. Owner Dashboard delivers real-time information about listing activity and Redfin's marketing efforts. |
| Agent Training and Development Programs | Compass Academy, Agent as CEO: The MBA of Real Estate, mentorship programs, personalized coaching. | Redfin invests in training and development programs. The Redfin Agent Development (RAD) program was a paid apprenticeship program. |
| Technology Platform Features for Agents | Collections for property curation, CMA Tool for price estimation, CRM for data organization, Compass Insights for marketing strategies. | Redfin Agent Tools is a platform accessible on mobile and desktop. It includes Redfin Fast Offers software. |
| Customer Service Support for iBuying | Agents are experts in your area. | RedfinNow had a dedicated customer service team. The National Customer Service Team is available 8 am - 5 pm PST, seven days a week. |
| Transparency of iBuying Fees | Not available | RedfinNow charged service fees, which could be up to 13% of the home price. |
| Flexibility in Closing Dates for iBuying | Not available | Sellers could pick their closing date between 10 and 90 days from accepting Redfin's offer. |