IndustryOpendoor beats forecasts, ramps up home purchasesEven as revenue fell sharply year-over-year, the iBuyer sees an opportunity to “shape the future of real estate” by giving consumers more options.Cheryl Reid-SimonsMay 2, 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
By the NumbersMortgage rates keep climbing. Will buyers give up?Rates are likely to stay higher for longer, but as inventory builds, pent-up demand and more home choices could entice buyers — if they can afford it.Dave GallagherMay 2, 2024
IndustryNegotiation will be the most essential skill for buyer agentsOnce new rules go into effect — between July and September — agents will need to embrace “the new regime” to avoid liability, and to ensure they get paid. Dave GallagherMay 2, 2024
BrokerageseXp hopes to stem agent losses with rev share updatesDuring an earnings call, Glenn Sanford said he wants to help agents “in the middle,” while noting that revenue was up and touching on the commissions lawsuits.Dave GallagherMay 1, 2024
IndustryZillow revenue up thanks to big gains in rentals and mortgagesThe company reported better-than-expected revenue of $529 million in Q1 — a 13% improvement from a year ago — and hinted at further monetizing its audience. AJ LaTraceMay 1, 2024
TechLeveraging real estate tech to boost profitsThe Tech 200 highlights a range of products from 138 companies, with a focus on increasing productivity — and revenue — in a tight market.Robert DavisMay 1, 2024
BrokeragesHomeServices faces new buy-side commissions suit in FloridaThe filing comes just days after the company settled similar cases brought by sellers. The firm maintains its practices were “lawful and procompetitive.”Cheryl Reid-SimonsMay 1, 2024
Industry5 brokerage settlements receive preliminary approvalFirms that settled in the Gibson/Umpa case in March and April will have until later this year to finalize the agreements, but more than 20 defendants remain.Dave GallagherApril 30, 2024
AgentsDallas agent breaks his own world record for home salesBen Caballero isn’t slowing down. After landing in the Guinness book three times in his 62-year real estate career, he has achieved a new record.Cheryl Reid-SimonsApril 30, 2024
IndustryZillow offering 7-day ‘touring agreement’ for agentsThe NAR settlement does not address home search portals, but Zillow wants to make it easier for buyers to try out an agent in a way that aligns with new rules.Dave GallagherApril 30, 2024
IndustryPeople on the Move: eXp promotes growth leaders; CB names marketing VPeXp elevates seven executives to support growth and agent success; Coldwell Banker brings on luxury marketing pro.Real Estate News StaffApril 30, 2024
BrokeragesKW CEO on emerging from the wilderness, looking to the futureMark Willis returned to Keller Williams after a 7-year hiatus, and he’s ready to lead in a new way. “It’s not about proving myself. It’s about impact.”Dave GallagherApril 30, 2024
BrokeragesDouglas Elliman the latest firm to settle commissions lawsuitsThe brokerage becomes the ninth real estate entity to strike a deal with home sellers, with an initial damages payment of nearly $8 million.Dave GallagherApril 29, 2024
BrokeragesWilliam Raveis: ‘Pivot, innovate, downsize, upsize and lead through it’As his namesake firm celebrates 50 years, Bill Raveis says the key to surviving rough cycles is to look for opportunities and “figure it out.” Melanie KalmarApril 29, 2024
IndustryCommissions lawsuits FAQ: Answers to top questionsGet the facts about the major compensation lawsuits and recent settlements — and what they mean for agents, consumers and the future of NAR.Real Estate News StaffUpdated July 24, 2024
IndustryCoStar, Realtor.com CEOs on traffic, ads and fierce competitionAndy Florance and Damian Eales took to the stage separately during the T3 Leadership Summit to address contentious traffic claims and highlight growth goals.AJ LaTraceApril 27, 2024
BrokeragesBrokerage Beat: News from E&V, BHGRE, @properties, Christie's, EXITE&V opens in Philly; BHGRE adds N. Dakota indie, secures renewal from top firm; @properties grows in Texas; Christie's enters Albania; EXIT adds 7 markets.Real Estate News StaffApril 27, 2024
IndustryNAR president to industry executives: ‘I’m sorry’“We fought as hard as we could,” said Kevin Sears this week when speaking about the settlement, its impact, and the need to change the media narrative.Dave GallagherApril 26, 2024
BrokeragesHomeServices makes $250 million deal to settle commissions lawsuitsThe last defendant standing in the Sitzer/Burnett case reaches a whopping settlement that will protect its 70,000 agents plus brands and franchises.Dave GallagherApril 26, 2024