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Real estate teams will need to be increasingly nimble and versatile in the coming years to protect their place in the real estate field, industry experts said at a virtual panel.
Chris Stuart, president of Place Inc., said that he believes teams today are often chasing the wrong priorities in their efforts to grow their revenues and operations, losing sight of important considerations such as net income and the consumer experience.
“That is, by definition, the result that we all need to be focused on to not just preserve the value of the real estate agent, but [to] expand it, extend it, insulate it,” Stuart said.
Operator
Good day, and welcome to the Redfin Corporation Q4 2020 Earnings Call. [Operator Instructions] At this time,
I would like to turn the call over to Meg Nunnally. Please go ahead, ma am.
Meg Nunnally
Head of Investor Relations
Thanks, Travis. Good afternoon, and welcome to Redfin s financial results conference call for the first quarter ended March 31, 2021. I m Meg Nunnally, Redfin s Head of Investor Relations. Joining me on the call today is Glenn Kelman, our CEO; and Chris Nielsen, our CFO. You can find the press release on our website at investors.redfin.com. Before we start, note that some of our statements on today s call are forward-looking. We believe our assumptions and expectations related to these forward-looking statements are reasonable, but our actual results may turn out to be materially different. Please read and consider the risk factors in our SEC filings together with the content of today s call.
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Inman Connect
Redfin has been on a roll.
From its origins as a simple portal and online brokerage, the company has in recent years become a mortgage provider, home improvement company and an iBuyer. The iBuyer program RedfinNow, has even become a trailblazer in the fast-growing segment by pushing into pricey markets that other cash offer companies have traditionally avoided.
Now, the company is also in a transitional period, with longtime executive Scott Nagel moving toward retirement. And at the same time, Redfin is continuing its quest to streamline the real estate transaction and offer consumers a different business model than they’ll find elsewhere.