Perfect summary. In fact RedWeek took down my listing once the 2 parties signed the contract, which is when it should be final subject to owner changing the name and sending new confirmation within x days. That is how I do direct rentals and never a delay and never a cancellation.
I sure hope RedWeek won’t charge the $99 as that would be uber insulting, and they should refund my listing costs at the very least.
I did not even think of this happening in reverse with the renter booking airfare. An owner gut get notification of rental and be slow to respond but beat deadlines, then the posting elsewhere to see if better deal (or at least get away without $99 fee and delayed payment). Owner could even post on RedWeek but not doing verification and offering to split the RedWeek fee with renter if they do it direct.
The owner simply takes their time changing name and if owner gets a better offer just cancel as allowed.
Is that how RedWeek wants to play the game? So much better dealing direct and fairly.