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Updated over 5 years ago,
Redfin Direct - No agent representation needed for buyers
Redfin just released their future business model today, albeit only in BOSTON right now. It's called Redfin Direct and you can elect to have no agent representation when buying a Redfin-listed property.
https://www.redfin.com/blog/redfin-direct-unrepresented-buyers/
Sellers who chose these non represented buyers pay a 1% buyers fee on top of their 1% sellers fee for a grand total of 2% for the transaction! As an agent, I can see my commissions eventually taking a hit.
Redfin is a true market disruptor. Can I get a holla from everyone in Seattle?!