Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidful. I'm

Dylan Lewis. And today we're talking financials. Today we're talking

consumer goods. Wild-Carp! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

Welcome to Industry Focus. I'm Nick Saipel. On this week's episode we'll be taking a look at

Redfin, the the tech enabled real estate

brokerage that's disrupting the traditional brokerage industry joining me to help break it

all down is Motley full analyst Tim Byers. Tim welcome back on the

podcast. Thanks a lot Nick. Good to be here. Great to have you back on for folks

who are not longtime listeners or who are longtime listeners of the

podcast. You might have heard Tim and I talk about Redfin back on May 23rd of

2019 so this maybe you'll be a little bit of an update on the company

today where it is and where it's headed for folks who missed that first episode we did Tim

why don't you give us a high-level overview of what

Redfin is and what they do? Yeah Redfin is they call themselves a

technology-powered real estate brokerage. What makes them different, Nick, is that they handle the entirety of the real estate transaction.

They don't have, say, real estate agents who are contractors and have like an affiliate group,

which is the way the model tends to work.

All the brokers are employees, the engineers who write the code, their employees.

Everybody's an employee at Redfin.

It's very rare for them to use partner brokers. They do do it in some

areas but they try to make that a rarity. So Redfin is a national brokerage. They use a lot of technology. They do a lot of virtual

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