Brokerage News

In the Q3 earnings call, Robert Reffkin said Sitzer/Burnett probably won't lower commission splits, highlighted the company's strength despite continued losses.

Christie's expands in NorCal, Caribbean; John L. Scott acquires Sterling Johnston; ERA, C21 add affiliates; CB Warburg nabs lux agent; eXp lands $4B team; more.

CEO Glenn Sanford acknowledged the challenging market, but said eXp has increased market share and added agents even as revenue remains flat.

While revenue dipped slightly, net losses totaled more than $59 million, but CEO Steve Joyce said the company continued to make progress in a tough market.

CEO Glenn Kelman told investors its customer focus, including self-service options for buyers, helped improve earnings and could help Redfin grab market share.

Despite cutting ties with NAR and touting its consumer advocacy, the brokerage is named in a new lawsuit similar to the Sitzer/Burnett and Moehrl cases.

Corcoran expands in Houston, opens first Canadian office; The Agency moves into Cleveland; Howard Hanna acquires century-old Lancaster County firm.

As brokerage firms vie to keep their top producers and boost agent counts, some are offering new benefits, including healthcare, to stay competitive.

The iBuyer will send potential sellers leads to the brokerage company, while Anywhere agents can present their sellers with a cash offer from Offerpad.

Plaintiffs in the Nosalek case want to reach a deal with RE/MAX and Anywhere following the brokerage companies’ settlements in Sitzer/Burnett and Moehrl.

During its annual conference this week, the brokerage unveiled four new tools and programs designed to help agents improve their financial future.

“We want to set up agents to be million-dollar producers” and remain W-2 employees, Jason Aleem, Redfin’s SVP of real estate operations, told Real Estate News.

In its Q3 earnings report, the company highlighted its $1.6B in revenue, debt reduction, and a settlement that “puts significant litigation behind us.”

Thad Fisher, former eXp, Anywhere and Zillow leader, joins KW's Livian platform; Christian Wallace named first chief of integrated home services at Real.

United DFW merges with Insight Realty; Keller Williams expands to Curaçao; E&V adds a third shop in coastal Massachusetts; eXp gains Missouri team.

Compass regains a team, adds another; ERA gains two Florida affiliates; Real expands in NorCal; The Agency launches in Salt Lake City; RE/MAX adds 15 offices.

Side President Steve Capezza, who moved to the brokerage platform in January after almost a decade at Zillow, believes there’s power in finding joy in the work.

Coldwell Banker Affiliates appoints BHHS exec Jason Waugh as president; PLACE names coach Brendon Burchard as chief growth advisor.

NAR’s profile of brokerage businesses offers a look inside the makeup, operations and goals of firms, finding that many are still in growth mode.

Century 21 gains three new affiliates; Real snags 50-agent brokerage; The Agency opens in Panama; KW gains Bay Area firm; Christie's expands in UAE; more.