Compare Redefy and Faira

For Sellers

Listing Rate
$3,000
Flat Fee
Minimum commissions and other terms may apply. Buyer's Agent Commission (2.5%-3%) is not included, but you may be able to negotiate this as well. Redefy flat fee rate increases relative to sale price according to the company’s fee schedule. For homes valued above $1 million, a 1% fee is charged.

For Sellers

Listing Rate
1%
Commission
Minimum commissions and other terms may apply. Buyer's Agent Commission (2.5%-3%) is not included, but you may be able to negotiate this as well.

For Sellers

Premium Listing
3%
Commission
Minimum commissions and other terms may apply. Buyer's Agent Commission (2.5%-3%) is not included, but you may be able to negotiate this as well.

For Buyers

Not Applicable
0
No Rates
Redefy franchisees do not openly offer buyer’s savings to consumers, but that does not mean that a consumer cannot negotiate a refund in States where allowed by law.

For Buyers

Buyer’s Savings
67%
Commission Rebate
When Faira represents home buyers, it contributes 67% of its Buyer's Agent Commission (2.5%-3%) to the buyer as a way to financially compete for a buyer’s business. Home buyers do not pay any taxes on the amount, the refund amount is always tax-free.
Question: What is the difference between Redefy and Faira?
Answer: Redefy is a real estate franchise while Faira is a full-service real estate agent that offers savings to homebuyers and home sellers
Compare Redefy and Faira for home buying and selling. HomeOpenly is an impartial and an open resource focused on trending real estate services, portals and start-ups.

First published: 17 February 2019
Last updated: 25 April 2021

Buying and Selling with Redefy

Redefy is a multi-state real estate savings franchise, offers consumers listing savings in select areas across the United States.

Once a seller enters their information with Redefy, an individual franchisee will finalize terms and payment terms of the listing agreement. Each individual franchisee responsible and liable for their actions or omissions and Redefy does not guarantee any results consumers may achieve by listing a home with a franchisee.

Redefy Pricing

Redefy offers savings to sellers (3,000 USD base flat listing fee) and 1% listing rate for any home valued above $1 million.

Listing Services

  • MLS Listing
  • Zillow, Trulia, etc. Listing
  • Accept and Deliver All Offers and Counteroffers
  • Hold Open Houses
  • Professional Photography
  • Professional Floor Plans
  • Yard Signage Installation
  • Spare Key Lock-box Installation
  • Schedule Inspection Services
  • Schedule Private Showings
  • Closing Duties

Buyer's Agent Services

  • Find the Property
  • Accept and Deliver All Offers and Counteroffers
  • Recommend Other Professionals
  • Attend Inspection Services
  • Schedule Private Showings
  • Negotiate Needed Repairs
  • Closing Duties

Redefy Editor's Review:

Redefy is a consumer-focused flat fee real estate franchise that works with a network of agents in several States.

As a listing agent, Redefy franchisee works with a seller to prepare homes for listing, including taking professional photos, pricing home and publishing marketing materials.

Redefy franchisee lists all homes on the local MLS as well as typical MLS Aggregators. Redefy franchisee provides services similar to those of a traditional real estate agent, but a much lower cost to the seller.

There are two important drawbacks of using Redefy – first, agents do not openly offer savings to buyers, second, each listing agent is an individual franchisee where the Redefy itself has no control or responsibility for each individual agent's actions.

Where does Redefy operate?

Redefy currently operates in select areas across Anchorage, Juneau, Phoenix, Tucson, Flagstaff, Oakland, San Francisco, San Jose, Sacramento, Long Beach, Orange County, San Diego, South Bay, Inland Empire, Santa Monica, San Fernando Valley, Los Angeles, Denver, Colorado Springs, Northern Colorado, Fort Myers, Jacksonville, Miami, Orlando, Tampa, Augusta, Atlanta, Boise, Coeur d'Alene, Chicago, Springfield, Detroit, Lansing, Duluth, Saint Paul, Lincoln, Omaha, Las Vegas, Reno, Charlotte, Raleigh, Eugene, Portland, Greenville, Columbia, Rock Hill/Fort Mill, Charleston, Rapid City, Sioux Falls, Austin, Dallas-Fort Worth, Houston, San Antonio, Provo, Salt Lake, Hampton Roads, Richmond, Seattle, Tacoma, Vancouver, Casper, Cheyenne..

Buying and Selling with Faira

Faira is a multi-state savings broker, offers consumers listing savings and buyer’s refunds in select areas across Washington, Arizona and California.

Faira Pricing

Faira offers savings to sellers (charges 0.5% platform fee to the buyer with an optional 1% listing fee) and commission refunds to buyers (2% of the purchase price).

For its in-house listings platform offers self-represented buyers a 2.5% independent buyer discount, to account for the fact that there is no need for Buyer's Agent Commission (BAC) expense for self-represented buyers.

However, we recommend that all Buyers work with their own competitive buyer's agent who offers a buyer's refund. Faira also offers Premium Listing option for a 3% listing fee.

Listing Services

  • MLS Listing
  • Zillow, Trulia, etc. Listing
  • Accept and Deliver All Offers and Counteroffers
  • Hold Open Houses
  • Professional Photography
  • Professional Floor Plans
  • Yard Signage Installation
  • Spare Key Lock-box Installation
  • Schedule Inspection Services
  • Schedule Private Showings
  • Closing Duties

Buyer's Agent Services

  • Find the Property
  • Accept and Deliver All Offers and Counteroffers
  • Recommend Other Professionals
  • Attend Inspection Services
  • Schedule Private Showings
  • Negotiate Needed Repairs
  • Closing Duties

Faira Editor's Review:

Faira is a consumer-focused real estate agent that successfully represents consumers across Washington, Arizona, and California and offers sizeable savings.

Faira listing service includes posting home on the MLS and MLS Aggregator services, professional photos in addition to all typical services offered by a traditional real estate agent.

Faira gives sellers access to a well-designed dashboard with great communication features. The pricing model at this brokerage may be an issue for some Buyers and Agencies who are unable to work with it due to the "platform fee" structure.

Buyer's commission rebate structure is also subjective with ambiguously defined savings. What is considered standard real estate services are advertised by Faira as Premium for a significantly larger fee.

While Faira does offer sizeable savings for Buyers and Sellers, we find that some service offerings by Faira are difficult to substantiate, especially when it comes to its Premium listings.

Where does Faira operate?

Faira currently operates in select areas across Washington, Arizona, and California..