BrokeragesCan REX make a comeback?The low-fee brokerage continues to pursue antitrust claims against Zillow as it looks for a chance to start again.Dave GallagherJune 17, 2024
BrokeragesBrokerage Beat: News from ERA, E&V, Sotheby's Realty, C21Large East Coast indies join ERA; Super Bowl champ signs on with Engel & Völkers Austin; Sotheby's Realty expands in Michigan; Century 21 adds Montana firm.Real Estate News StaffJune 15, 2024
BrokeragesKW tackles commissions questions, tries to calm agent fearsAt a town hall event, Keller Williams leadership addressed agents’ concerns, acknowledged that “change is not comfortable.”Dave GallagherJune 10, 2024
BrokeragesBrokerage Beat: News from Onward, United, Side, Corcoran, moreParks leaders form new firm; TX indie merges with United; NYC brokerages join Side; Corcoran gains music legend; C21 grows in AL; Chicago duo joins E&V; more.Real Estate News StaffJune 8, 2024
BrokeragesBrokerage Beat: News from Century 21, The AgencyIndiana's top C21 franchise appoints new VP of marketing; The Agency expands globally with new offices in Quebec and Portugal.Real Estate News StaffJune 1, 2024
BrokeragesGlenn Sanford and eXp dismissed from misconduct caseRecruiter Brent Gove has also been dismissed from the lawsuit involving allegations of sexual assault, while Michael Bjorkman’s motion to dismiss was denied.AJ LaTraceMay 28, 2024
BrokeragesBrokerage Beat: News from Real, United, RE/MAX, The Agency, ERA, CompassReal Luxury launches; United grows in Alabama; RE/MAX affiliate adds 3 firms; The Agency enters Niagara; ERA Carroll expands in WY; Compass woos top producer.Real Estate News StaffUpdated May 24, 2024
BrokeragesBrokerage Beat: News from Compass, Redfin, Corcoran, Christie's RE, moreHigh-volume OC team returns to Compass; Redfin Next in 25 new markets; 7-office Corcoran affiliate merges with NJ firm; Christie's Real Estate enters Vietnam.Real Estate News StaffMay 18, 2024
BrokeragesKeller Williams cancels plan to cut profit share for ex-agentsPresident and CEO Mark Willis called the move “unprecedented," and said the vote by the company’s agent-led IALC passed by an “overwhelming majority.”Stephanie Reid-SimonsUpdated May 17, 2024
BrokeragesCompass scoops up Tennessee’s top brokerageThe addition of Parks Real Estate and its 1,500 agents now makes Compass the biggest brokerage in the state.AJ LaTraceMay 14, 2024
BrokeragesERA president: To ‘accomplish really big things,’ you need a planAlex Vidal, who took the helm at ERA last June, thinks about real estate like he thinks about his athletic endeavors — you have to work through the challenges.Melanie KalmarMay 12, 2024
BrokeragesBrokerage Beat: News from Real, Portside, KWLargest Fort Worth independent chooses Real; New England's Portside Real Estate acquires boutique Maine firm; KW celebrates annual RED Day.Real Estate News StaffMay 11, 2024
Brokerages$17.8M settlement took a bite out of Douglas Elliman profitsThe company said despite the hit to its bottom line in Q1, the settlement will reduce uncertainties and let it focus on cost reduction and market expansion.Cheryl Reid-SimonsMay 10, 2024
BrokeragesCompass beats revenue expectations, adds agentsWhile revenue improved 10%, the company reported steep losses — but CEO Robert Reffkin was more focused on the future of buyer agents during the earnings call.Dave GallagherMay 8, 2024
BrokeragesRedfin: Revenue is up, Kelman is bullish despite lossesEven as net losses increase, Redfin’s CEO says the company is in a good place: “When you give people a better deal, they actually beat a path to your door.”Dave GallagherMay 7, 2024
BrokeragesReal Brokerage revenue up 86% as agent count soarsThe company remains on a rapid-growth trajectory, but net losses also increased this quarter, largely due to a recent commissions lawsuit settlement.AJ LaTraceMay 7, 2024
BrokeragesRedfin to pay $9.25 million to settle commissions casesThe company is the 10th brokerage to agree to pay into a settlement fund, which is approaching $1 billion.Dave GallagherMay 6, 2024
Brokerages‘Standing still is not enough’ says Anywhere’s Sue YannacconeYou may not have every answer — and legal threats still loom — but you must keep moving forward with consumers in mind, the industry leader advised her peers.Stephanie Reid-SimonsMay 5, 2024
BrokeragesBrokerage Beat: News from E&V, Corcoran, Side, Real, moreE&V opens in Mexico City; Corcoran gains 3 NFL pros; Side adds teams; largest woman-owned firm joins Real; William Raveis acquires S.C. indie; eXp Canada grows.Real Estate News StaffMay 4, 2024
BrokeragesRE/MAX sees dip in revenue, agents in first quarterFollowing a series of leadership changes, the company is focusing on cutting expenses as it navigates the tough real estate market.Dave GallagherMay 2, 2024