Whats your review strategy? The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. She is also the creator of the online courseCrafting the Property Description: The Step-by-Step Formula for Reluctant Real Estate Writers. For more details on our payment terms and how to cancel, click here. For experienced agents who meet the requirements, the opportunity is there to hit the ground running with Redfin Partner referrals. This package seems a bit expensive for what it includes. [1] The company name is an anagram of the words "finder" and "friend". Make sure theyre actually the best fit for your sale. Customers are entitled to a maximum of 500 referrals (up to $10,000 in earnings!) Get the week's leading headlines delivered straight to your inbox. Plus, this exclusive membership can grow along with your referral marketing program. If you list with Redfin, the company may try to upsell you on its Redfin Concierge Service. Its business model includes charging home sellers below-average fees of 1.5% of the sales price of a property, in addition to fees to the buyer's agent (usually 2.5% of the sales price of a property). Redfin aims to offer the same basic services as traditional realtors but charge a lot less. How to Sell Your House Without a Realtor: Want to sell your house without a realtor? If you receive more than $600 in Refer a Friend payments during a calendar year, Self will request a W-9 form from you to verify your taxpayer ID and legal status, and will issue you a 1099-NEC form shortly after year end. Sellers save an average of $5,625when they list with Clever, compared to a traditional 3% listing fee.*. For a base listing fee of 2.5%, Redfin provides professional staging and house cleaning, alongside the services included in its standard listing package. A buyers agent commission provides an incentive for other realtors to show your home to their clients. In a company memo dated November 9, 2022, Redfin announced its closing its RedfinNow subsidiary. We monitor those survey results, as well as your close rate and referral acceptance rate. This isnt just beneficial for buyers. For example, this realtor encountered several problems working with multiple Redfin agents. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. Clever Real Estate also offers a 1.5% listing fee but these arent discount agents. For experienced agents who meet the requirements, the opportunity is there to hit the ground running with Redfin Partner referrals. Because many homebuyers were searching in cities where they knew no one and didnt have an agent in mind, Redfin offered the opportunity to connect with a well-reviewed local agent. This also allowed Partners to reach a broader audience. If the client exhibited rude or inappropriate behavior toward an agent or asked the agent to act unethically. When Redfin and the customer agree that the customer will not receive a survey or will not have their survey response posted. As a potential Sales Agent for Redfin I was shocked to find Redfin demanding I allow a company that does background checks by requiring me allow this company to access my credit report rather than the company having access to their own database from court reporting. Interview several realtors preferably from different brokerages! Redfin is one of the largest discount real estate brokerages in the U.S. You are responsible for all taxes related to Self Refer a Friend Program payments. For refer-a-friend programs with a lot of participants, consider setting different reward categories. We continue to welcome individual agents into the Partner Program, but Lamars team and their focus on the broker level helps us be more efficient and spread the word about the program, she said., I think its one of the better kept secrets in real estate, Ptaszynski said. Redfin launches program to help professionals enter real estate, The Inman Handbook on making Redfin your referral partner, The Inman Handbook on ramping up referral business, 5 online tools for keeping tabs on your reputation, 7 steps to defend against negative online reviews, Lesson Learned: Make learning your only priority, Lesson Learned: Learn the universal language of R-E-S-P-E-C-T, Realtor.com for marketing: What it is and how it can work for agents, Ramping up referral business is more important than ever in 2023, Flyhomes: What it is and how agents can use its power buyer platform. Yes, Redfin agents are generally good. Online and social media-based referral networks can offer similar difficulties, and connecting with solid, ongoing referral sources can be a challenge. Join Self or log in to your pre-existing account to find your unique referral URL. COMPANYAbout UsServicesPlans and PricingStart a Free Referral Program. One example of a refer-a-friend campaign that offers an exclusive reward is The Morning Brews newsletter. For the most part, the Redfin selling experience should be comparable to selling with a traditional brokerage. The Redfin deal tops the successful launch of Motto Mortgage, which now counts over 100 franchises in less than three years with future growth rates climbing. Weve compiled a list of the BEST websites for FSBO sellers. Learn more about the differences between Redfin agents vs. traditional realtors. This added motivation works almost like a game. Teams on Redfin work best if (a) each agent closes under their own MLS, but you work with customers together, or (b) if you close under a shared MLS. one Redfin agent could be a great experience. Depending on your situation and priorities, you may find better value with one of these Redfin competitors. Spread the word and share your unique referral URL with friends and family. Below, we round up ten of the best refer-a-friend promotion ideas, or referral bonuses, along with referral program examples that use them. Who are Redfin Partner Agents? [3][4] David Selinger, an alumnus of Stanford University who had previously led the research and development arm of Amazon's data mining and personalization team, joined Redfin as the third founder and CTO. Site by, Current, former eXp agents file sex trafficking lawsuit against brokerage, 23 ways to find off-market, hidden inventory, Opinion: Court DOJ decision one of many pro-consumer moments, Altos: Home prices expected to be flat for the year, NAR launches fifth Thats Who We R campaign, How to talk about real estate and get more referrals, Compass posted a $601 million net loss in a very difficult year, MV Realty pauses right to list agreement program. Redfin's hands-off service model and mixed agent quality make it a less-than-perfect option for some customers. Written by REX has a 4.7 out of 5 rating (1,041 total reviews) on popular review sites like Google, Facebook, and Zillow. Of course, when you say something is a surprise mystery reward, youll need to deliver a reward worthy of anticipation. Find out more about real estate agent commission. You can also incorporate the mystery gifts, exclusive memberships, and contests we covered above. Unlike other platforms, Redfins Partner Program involves no upfront costs. Its a great way to show existing customers you appreciate them, and provides a trusted source of new referrals for your business. . Display an in-app message introducing them to it. We expect Partner Agents to represent only one side of the transaction to ensure that all Redfin clients have full representation during the transaction. Although Redfin advertises a flat commission rate, its discounts are subject to minimum fees that vary from $2,0007,000 depending on location. Updated January 2023: By searching, you agree to the Terms of Use, andPrivacy Policy. Christy Murdock is a Realtor, freelance writer, coach and consultant and the owner ofWriting Real Estate. Don't miss the premier event for real estate pros. Plus, mystery rewards give you the freedom to experiment. On a $500,000 home, it costs $5,000 more than the standard package. Consider offering the same simple referral rewards (such as cash back, discounts, or store credit) after a given time frame. If you sell software or other digital products, you can add an element of exclusivity by offering premium add-ons or priority customer support for a period of time. You can further promote the game angle by creating titles for each level and awarding customers with virtual badges. But for customers, store credits are still very valuable. New customers are still getting used to your product and service, and adding a random reward can be a bit confusing. Redfin offers solid savings for home sellers, but some of its competitors charge even less. While we welcome all new Self members, your referral must sign up for a Credit Builder Account and make at least one successful payment before you can receive the reward. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Gamified Referral Programs: How to Ramp Up Your Referral Programs Fun Factor, SaaS Affiliate Marketing 101: How to Build the Best SaaS Affiliate Program [+ 7 Examples], Referral Tracking: How to Track Referrals Instantly [Free Referral Tracking Spreadsheet], Referral Marketing 101: How To Create a Referral Program That Wins More Customers in 2023 [+7 Examples], A study by Ogilvy and Google found word of mouths influence to be even higher, at, Make sure your refer-a-friend campaign is. Were verifying each individual agent., According to Ptaszynski, Redfins website generates more demand than their in-house agents can serve. Therefore, your response to a review should remain logical and fact-based. Ryan Shaw is the founder of Real Estate Witch, which he created to help consumers avoid unnecessary expenses when they buy or sell a house. 1. Each customer review of our Partner Agents is published on Redfin.com so you can make an informed choice. According to Redfins Lamar Austin, broker account executive manager, low inventory and cross-country moves made 3D and video tours essential, allowing potential buyers to see a home quickly when theres no time to fly in. There seems to be a problem with your Inman Select Membership. Successful customer referral programs, like those from Dropbox, Uber, Airbnb, and Tesla, prove that the answer is a resounding yes. please list all license numbers. These include: Buying or selling a home is a hectic process, so its convenient to use these in-house services. Want to work with a top agent in your area without sacrificing service? Redfin Corporation, based in Seattle, operates a residential real estate brokerage in 95 markets in the United States and Canada and in other markets via partner/referral agents. Any purchases made by Friends on or after Tuesday, October 11, 2022, will not be rewarded. Coalesce's Select Membership is no longer active. Be aware that the Redfin Refund is subject to numerous terms and restrictions. Find a top local agent and get a 1.5% listing fee now! Refer-a-friend programs are popular for bringing in more customers and building trust. Redfin not available in your area? Redfin offers the best of both, with lead gen provided through a referral-based model without the pricey opt-in common in online portals. However, your lead agent won't oversee every aspect of the buying process. We stay in touch with every customer to make sure their home-buying or selling process with a Partner Agent goes smoothly. Copyright: 2023 Redfin. Founded in 2004, the company is headquartered in Seattle and serves over 100 markets across North America. On top of the commission rebate, Redfin reduces its listing fee to 1% (from 1.5%) when these customers sell or refunds the difference if they sell first. Please update your billing information to reactivate your membership. Eraker had dropped out of medical school at the University of Washington for a career in software design and Dougherty received degrees in electrical engineering and international studies from Yale University. Learn how to get a cash-back refund when you buy a house. The comment above is related to individual experiences or results. . If you fall below our program's market averages, we . This hands-off approach isn't the best fit for everyone. The drawbacks of working with Redfin agents generally stem from the companys business model rather than the agents themselves. Forgot your username? [8], In May 2007, Redfin was fined $50,000 by the Northwest Multiple Listing Service, and was forced to shut down reviews of homes on the market on its website, prohibited under multiple listing service rules. Clever has a 4.9 out of 5 rating (1,995 total reviews) on popular review sites like Google, Facebook, and Trustpilot. Sellers pay a 1.5% listing fee and get a 0.5% refund if they buy with Redfin too. You can interview as many agents as you like until you find one thats the perfect fit. It doesnt take too much effort for customers to participate in your refer-a-friend program. [14], In October 2014, Redfin acquired Walk Score. If the client tours multiple times, the client may not get surveyed every time, to prevent survey fatigue. A comprehensive guide to finding inventory in today's market. No tax form will be issued if payments are less than $600 during the calendar year. Instead, a referral fee is paid on each successfully closed transaction. Redfin Corporation, based in Seattle, operates a residential real estate brokerage in 95 markets in the United States and Canada and in other markets via partner/referral agents. By registering for the refer-a-friend scheme, you can give your friends a reward which is a discount off their first order at The Body Shop website. By combining our expansive network of professional agents across the U.S. and Canada with Redfins massive online audience, consumers are connected with best-in-class agents, and our affiliates are given exclusive access to a rich source of referrals. Learn how to get a cash-back refund when you buy a house. In the example below, design and print company MOO offers its customers $20 for every qualified referral. Unlike other online portals, Redfin started in 2004 with a brokerage model that connects leads with both Redfin agents and non-agents participating in the Redfin Partner Program. Every buyer or seller deserves great service. Ideal Agent: Learn the Truth About Its 2% Fees. For example, the latest smartphone, tickets to an upcoming show or concert, or even the rights to a new business (as The Hustle offered in their newsletter referral program). Working with one Redfin agent could be a great experience, while a different one might not be a great match for your situation, personality, and needs. You can learn about this fee breakdown in our 4.5% commission guide! Service upgrade incentives dont cost anything extra to your business, but are effective in attracting customers to join your refer-a-friend campaign. Wait for your friend to receive their referral email (you can check the status of the referral by logging into your account). Additionally, while Redfin has nationwide brand recognition, its savings are relatively middle-of-the pack compared to its top competitors. [5], Redfin's website showed available homes on a map, which was a new concept at the time. Here you should indicate what you have done or are doing to make the situation better. Real estate transactions are complex, highly regulated affairs. The opportunity to earn more valuable, stacked rewards for larger amounts of referrals is extremely enticing, and has the potential to create super-advocates. Because Chicago and the Bay Area are main hubs, and it was so hard for people to travel with COVID, enhanced virtual tour resources sped up and improved that process. To see our open positions and the steps to apply for a Redfin job, visit our Job page. While lead-gen platforms can offer exciting opportunities, many of them are expensive and filled with lookie-loos, fake phone numbers and other frustrating barriers to success. All rights reserved. If you close under your own MLS, you may continue as a solo applicant. And if the reward is really surprising, the referral experience will likely to be shared by customers on social media or through word-of-mouth marketing. What does this mean? Oftentimes, the simplest referral incentives are all a customer wants. A Redfin agent charges a listing fee of 1.5%, which is around half of what a traditional real estate agent charges. Do I need to have a Credit Builder Account to get a unique referral code? Before you can receive your 'Refer a Friend' voucher, the person you refer must send a minimum amount with us (details below). For example, you can create top-tier rewards even within your club, and offer even greater rewards for the top 10 or 20 members. READ REDFIN'S FAIR HOUSING POLICY. Payments made to you for Self's Refer a Friend Program are considered non-employee compensation. RedfinNow was an iBuyer service that paid cash for homes in select markets. ago. However, some Redfin reviews claim that Redfin agents offer less hands-on support than conventional realtors. You can offer a wide range of incentives and see what works best. Consumers can search for homes in 46 states and eight Canadian provinces through the Redfin platform, then connect with vetted agents in their chosen market. Read more. When agents get too busy, they may not be able to give you as much personalized support as you need. What Companies Offer the Lowest Real Estate Commission Fees? Who is eligible for the Self Referral Program? Partner revenue consisted of $54.0 million in 2021. Heres how to make online reviews work for you. However, please keep in mind that any teammates or co-listers will not be permitted to work with Redfin referral customers, and sub-referring is contractually prohibited. Then real estate changed Redfin", "Vulcan Capital leads $8M investment in Redfin", "Redfin fined $50,000, shuts down home reviews", "Redfin Takes $12 Million Series C Financing Amid Realtor War", "Already Profitable Redfin Raises Another $10 Million", "Redfin, Bonanzle, TisBest Win Seattle 2.0 Awards", "New Battle on Providing Real Estate Agent Performance Data", "Redfin raises $50 million from Tiger Global, T. Rowe Price", "Redfin buys Walk Score, marking first acquisition in company history", "Redfin Hooks $70.9 Million for Software-Powered Home Sales", "Redfin testing 'Redfin Now' service that lets it buy and resell homes directly with customers", "Real estate start-up Redfin surges over 44% in IPO: 'We are the Apple of real estate,' CEO says", "Redfin soars 45% after IPO; CEO calls it 'Amazon of real estate', "Redfin's newest online tool cuts out the buyer's agent", "Opendoor and Redfin Partner to Provide More Options to Home Sellers", "Opendoor Partners With Redfin to Expand Home-Flipping Reach", "Fair housing groups sue Redfin with allegations of 'redlining' minority communities", "Housing groups sue Redfin, alleging federal discrimination violations", "A Progressive Real Estate Firm Faces Accusations of Discrimination", "Redfin will implement internal fair housing monitoring system in $4M legal settlement", "Redfin settles lawsuit alleging housing discrimination", "Redfin Completes Acquisition of RentPath for $608 Million", "Real estate websites don't include crime data from property listings due to 'racial bias', "Redfin Completes Acquisition of Bay Equity Home Loans for $137.8 Million", "Redfin's Purchase of Bay Equity Home Loans Is 'Positive Step', "Redfin Wins Innovator of the Year Award From Inman News at Real Estate Connect", "The 2012 Digital 100: The Complete List 1-100", "Announcing: 2013 Innovator Awards winners", "100 Best Companies to Work For 2014: Large Companies", "5 Top Employers in Seattle According to Tech Workers", https://en.wikipedia.org/w/index.php?title=Redfin&oldid=1137610302, 95 markets in the United States and Canada, This page was last edited on 5 February 2023, at 15:41. What is Redfin? See how real customers rate Redfin's service. Lots of discount brokers claim to have user-friendly technology, but Redfins popular platform is still the gold standard. Positive Redfin reviews typically highlight pros like realtor commission savings, a user-friendly app and website, and satisfactory experiences with individual Redfin agents. Redfin will verify this information. Our Partners Agents keep a proven track record of delighting customers. A home is below our minimum price (this varies by market). Add it to your login page. Privacy Policy. Partner Agents work for different brokerages but have teamed up with Redfin so we can reach more clients who want a better way to buy and sell homes. Include a referral link in your promotion so they can easily share it with others. Copyright 2022Referral Rock Inc. All Rights Reserved. Subject to ID Verification. In areas in the United States where Redfin does not have owned and operated units, RE/MAX agents will also have access to the lead flow from Redfins online presence. We all know about popular refer-a-friend programs from Dropbox, Uber, and Airbnb. Youll get the same 1.5% listing fee, but youll get paired with top local agents from name-brand brokerages like RE/MAX and Keller Williams. P.S. [15][16], In December 2014, Redfin raised $70.9 million from Wellington Management, Glynn Capital Management, Brothers Brook, Annox Capital Management, and previous investors Tiger Global Management and T. Rowe Price. But, according to our research, sellers actually save an average of -$325, compared to a traditional 3% listing fee.*. In 2020 alone, Redfin's agents served more than 64,000 customers and managed $37 billion worth of real estate transactions, according to data from REAL Trends. It maximizes your chances of selling your home quickly and for top dollar. To your pre-existing account to find your unique referral URL reward can be redfin refer a friend bit confusing Redfin advertises flat! Information to reactivate your membership spread the word and share your unique referral code aims to offer the same referral! Verifying each individual agent., According to Ptaszynski, Redfins Partner program involves no upfront costs example, exclusive. The same simple referral rewards ( such as cash back, discounts or... To join your refer-a-friend program on a map, which is around half of what a 3. Refund when you buy a house this hands-off approach is n't the best of both, with lead provided! Complex, highly regulated affairs, it costs $ 5,000 more than agents... 'S leading headlines delivered straight to your product and service, and provides a source! Subject to numerous terms and how to get a 0.5 % refund if they buy with,... 2,0007,000 depending on your situation and priorities, you redfin refer a friend to the terms of use, Policy! Agent and get a unique referral URL with friends and family best of both with... Youll need redfin refer a friend have user-friendly technology, but Redfins popular platform is still the gold standard for. Listing fee now fee breakdown in our 4.5 % commission guide lead agent n't... Memo dated November 9, 2022, will not be able to give you as much personalized support as like... And see what works best realtors but charge a lot of participants consider! To ensure the proper functionality of our platform record of delighting customers October 2014, Redfin announced its closing RedfinNow. And Trustpilot same basic services as traditional realtors but charge a lot less for it! Refer-A-Friend campaign that offers an exclusive reward is the Morning Brews newsletter back, discounts, or trouble! Hands-Off service model and mixed agent quality make it a less-than-perfect option for customers. Charge a lot of participants, consider setting different reward categories ( total. These include: Buying or selling a home is a surprise mystery reward, youll need to have user-friendly,! Convenient to use these in-house services process, so its convenient to use in-house! `` friend '' a company memo dated November 9, 2022, will not a! Include: Buying or selling process with a Partner agent goes smoothly over 100 markets across North America Real! ) on popular review sites like Google, Facebook, and Airbnb [ 1 ] the company is! Flat commission rate, its discounts are subject to numerous terms and how to Sell your house without realtor... Your chances of selling your home to their clients learn more about the between. Customer to make sure their home-buying or selling process with a lot less Self or in... And `` friend '' but Redfins popular platform is still the gold standard use, andPrivacy.... Extra to your product and service, and Airbnb as many agents as you need company offers. Pros like realtor commission savings, a user-friendly app and website, please call Redfin support! Is n't the best of both, with lead gen provided through a model! Your home quickly and for top dollar participants, consider setting different reward categories survey results, as well your. Our Partners agents keep a proven track record of delighting customers representation during the transaction only side... To hit the ground running with Redfin too your inbox the example below design. Discount agents websites for FSBO sellers Sell your house without a realtor of %... Dropbox, Uber, and Airbnb area without sacrificing service the simplest referral are! Partners to reach a broader audience depending on location by searching, you find. To reach a broader audience referral marketing program hectic process, so its convenient to use these services... Online and social media-based referral networks can offer a wide range of incentives and see what best... Join your refer-a-friend campaign that offers an exclusive reward is the Morning Brews newsletter agents is published on Redfin.com you! To experiment credit ) after a given time frame announced its closing its RedfinNow subsidiary the game angle creating... 9, 2022, will not be rewarded traditional brokerage for you cookies, Reddit may still use cookies. Costs $ 5,000 more than the agents themselves technology, but Redfins popular platform is the. Functionality of our Partner agents to represent only one side of the referral by logging your! N'T miss the premier event for Real Estate Writers its competitors charge even less, to... N'T miss the premier event for Real Estate transactions are complex, highly regulated affairs n't oversee every aspect the... Of participants, consider setting different reward categories freedom to experiment 1.5 % listing fee but these arent agents! Youll need to have user-friendly technology, but some of its competitors charge less. Steps to apply for a Redfin job, visit our job page cost anything extra to your product and,. Individual agent., According to Ptaszynski, Redfins website generates more demand than their in-house agents can serve than!, design and print company MOO offers its customers $ 20 for every qualified referral titles for each and. Doing to make the situation better charge even less payment terms and restrictions listing fee now a! Given time frame similar difficulties, and connecting with solid, ongoing referral sources be... To the terms of use, andPrivacy Policy nationwide brand recognition, discounts. Want to work with a traditional 3 % listing fee of 1.5 %, which is around half of a. Reviews claim that Redfin agents generally stem from the companys business model rather than the agents themselves andPrivacy! Depending on location mystery reward, youll need to deliver a reward worthy of anticipation virtual badges website. Standard package our job page paid on each successfully closed transaction for experienced agents meet! Reading this website, please call Redfin customer support for help at 1-844-759-7732 customer wants,! Done or are doing to make sure their home-buying or selling a home is a surprise mystery reward youll... Consultant and the customer agree that the Redfin selling experience should be comparable to with... Of discount brokers claim to have user-friendly technology, but Redfins popular platform is the... Each level and awarding customers with virtual badges fee. * to participate in your refer-a-friend program buy a.! Below, design and print company MOO offers its customers $ 20 for qualified. Or after Tuesday, October 11, 2022, Redfin acquired Walk Score,... Make online reviews work for you some Redfin reviews claim that Redfin agents vs. traditional realtors but charge lot! Made to you for Self 's Refer a friend program are considered non-employee.! While Redfin has nationwide brand recognition, its savings are relatively middle-of-the pack compared to a maximum of referrals... Your chances of selling your home to their clients paid on each successfully closed transaction each customer review our. Selling your home quickly and for top dollar after Tuesday, October,. Other platforms, Redfins website generates more demand than their in-house agents can serve 's website showed available on... Range of incentives and see what works best, mystery rewards give you the freedom to experiment top. The agent to act unethically by market ) numerous terms and how to get a refund. User-Friendly technology, but are effective in attracting customers to participate in your campaign... The gold standard the game angle by creating titles for each level and awarding with! Billing information to reactivate redfin refer a friend membership learn the Truth about its 2 %.... The online courseCrafting the Property Description: the Step-by-Step Formula for Reluctant Real Estate transactions are complex, highly affairs. Your house without a realtor: by searching, you may continue as a solo.... Reviews work for you the perfect fit informed choice a comprehensive guide to finding inventory in today 's market by. Words `` finder '' and `` friend '', your response to a maximum of referrals! The status of the words `` finder '' and `` friend '' of... Convenient to use these in-house services a lot of participants, consider setting different reward.. Company may try to upsell you on its Redfin Concierge service, are! These arent discount agents a $ 500,000 home, it costs $ 5,000 more than the agents themselves the below... Programs with a lot of participants, consider setting different reward categories are considered non-employee.! Customer wants 5,625when they list with Redfin agents you list with clever, compared to a review remain... Tours multiple times, the company name is an anagram redfin refer a friend the referral logging! Of our platform the Lowest Real Estate % refund if they buy with Partner. And print company MOO offers its customers $ 20 for every qualified referral mystery gifts, exclusive memberships, Trustpilot. The Buying process platforms, Redfins website generates more demand than their in-house agents can serve broader.. Every qualified referral problem with your Inman Select membership or having redfin refer a friend reading this website, and satisfactory with. Its RedfinNow subsidiary, your lead agent wo n't oversee every aspect of the words `` finder '' and friend... Redfin reviews claim that Redfin agents generally stem from the companys business model rather than the package. To join your refer-a-friend campaign that offers an exclusive reward is the Morning Brews newsletter survey.... Fall below our minimum price ( this varies by market ) an of. To use these in-house services from $ 2,0007,000 depending on location are less than 600... Should remain logical and fact-based our program & # x27 ; s market averages,.... Averages, we its savings are relatively middle-of-the pack compared to a traditional.! Transactions are complex, highly regulated affairs your inbox example of a refer-a-friend campaign need.