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In a nutshell, it's difficult to overstate what a positive catalyst I think this could be for Redfin, as the only tech-focused brokerage that has been actively looking to disrupt the traditional feestructure. If profitability keeps improving, it could be a big win for investors.
The increase in fee income from the prior year was primarily driven by higher closing fees on new and follow-on investments, partially offset by a decrease from accelerated amortization and an exit prepayment and amendment fees, driven by investment activity.
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