11:17 AM EDT, 09/09/2024 (MT Newswires) -- Redfin (RDFN) said Monday its pay plan for Redfin Next agents nationwide will be enhanced, effective Oct. 27, as it plans to recruit hundreds more marketing talents in the coming months.

The real estate brokerage said commission splits will be as high as 75% with the agents' business-related expenses to be covered by the company.

Redfin said its agents will continue to work as employees, not as independent contractors, and also receive benefits on top of technology and other support.

Shares of the company rose more than 2% in recent trading activity.

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