Re:Redfin shares surge more than 30% in $138.5M real estate ...
by fweespeech on Friday July 28, 2017 @01:22PM
(#14875884)
> What makes Redfin a tech company? Why couldn't prudential (or another brokerage) build the same thing?
They can't because they'd need a brokerage in every state, real estate agents in every metro, and enough leverage to get the data out of the various regional MLS groups.
Its a tech company the same way Airbnb, Lyft, or Uber is a tech company. They have built alot of automation that is difficult to duplicate because you need national workforce buy-in.
They can't because they'd need a brokerage in every state, real estate agents in every metro, and enough leverage to get the data out of the various regional MLS groups.
Its a tech company the same way Airbnb, Lyft, or Uber is a tech company. They have built alot of automation that is difficult to duplicate because you need national workforce buy-in.