Brokerage News

A $20 million payment on its commissions litigation settlement takes a bite out of cash flow but cost-cutting efforts yield $30 million in savings.

eXp showed growth in revenue and transactions as execs pitched the company’s value prop ahead of August 17 rules changes mandated by the NAR settlement.

The brokerage also reported double-digit growth in transactions and agent count, in part due to significant acquisitions this spring.

Century 21 adds affiliates on two coasts; Real nabs Chicago team; 60-year-old Colorado indie expands; E&V opens New Orleans shop; Side and Compass make gains.

The profit-share program, which made headlines last year after the company proposed changes, hit a new milestone with the multibillion-dollar figure.

Former eXp Chief Growth Officer Michael Valdes will spearhead the international expansion of LPT Realty, which he says is perfecting the model eXp pioneered.

Compass gains teams in New Jersey and Florida; E&V opens in Portland; CB Warburg adds agents; Century 21 marks third year of global giving initiative.

Buyers who sign agreements with the nation’s largest family-owned brokerage — and use its mortgage services — will get a 0.5% credit when their loan closes.

The TV star and founder of The Agency says running an association is “a pain” but sees opportunities to improve the agent experience and “fragmented” MLS space.

The two brokerages announced settlements in the Gibson/Umpa case on Monday, while several other firms filed motions to dismiss.

Michael Saunders has always been driven, building her brokerage into a multibillion-dollar company with the goal of making a difference.

Lamacchia grows with MA acquisition; Real reaches 20k agents; RE/MAX gains 60-agent firm; C21 franchise and Florida indie merge; eXp joins Fortune 1000; more.

RE/MAX gains another large Ontario firm; ERA Prime acquires Michigan indie; Sotheby's Realty expands in the Central Valley; Christie's RE grows in Belgium.

Another group of plaintiffs has filed an appeal in the RE/MAX, KW and Anywhere settlements, while the brokerages offered new arguments for dismissing Batton.

KW gains Austin indie; Christie's Sereno expands in Wine Country; BHGRE grows in Colorado; The Agency opens in White Rock; RE/MAX nabs large Canadian firm.

A Nevada lawsuit was dismissed this week, but an amended sexual misconduct complaint filed in California could put company leadership back in the hot seat.

The five defendants in Batton 2 — Compass, eXp, Redfin, Weichert and United — filed a joint motion, arguing that the claims are untimely and lack merit.

The global brokerage reached an agreement with home sellers last week, according to a court filing.

Chicago-area team joins Keller Williams Infinity; team leader joins Detroit RE/MAX franchise as broker/owner; The Agency opens fourth Texas office.

The low-fee brokerage continues to pursue antitrust claims against Zillow as it looks for a chance to start again.