BrokeragesKamini Lane takes on top role at Coldwell BankerLane, previously brokerage president of Sotheby's Realty, steps into the role vacated by Ryan Gorman in December.Dave GallagherMarch 20, 2023
BrokeragesBrokerage Beat: News from The Agency, ERA, Side, Christie's, LeadingRE and E&VThe Agency adds a new Canada office, ERA grows in Aspen, Side partners with two NorCal firms, Christie's team closes $47M sale, and more news.Real Estate News StaffMarch 17, 2023
BrokeragesReal posts net loss for 2022 but sees a turnaround comingDespite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.Dave GallagherMarch 16, 2023
BrokeragesAnywhere CEO sees opportunities, advantages of scaleRyan Schneider, leader of one of the largest real estate enterprises, believes the company will benefit from continued investments, even in a downturn.Dave GallagherMarch 16, 2023
BrokeragesWho’s No. 1? See which companies held on despite the downturnT3 Sixty’s ranking of the top real estate companies includes Compass, Keller Williams, Anywhere and other repeat leaders — plus a few surprises.Amie FisherMarch 13, 2023
BrokeragesBrokerage Beat: Growth in Canada, Cyprus, Caymans, Caribbean and moreThe Agency adds third Toronto office, Realty ONE opens in Cyprus and Caymans, Christie's expands to St. Croix, Great Life joins Real, Mainframe RE touts tech.Real Estate News StaffMarch 11, 2023
BrokeragesDouglas Elliman quarterly revenue down 40% from year beforeThe luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.Amie FisherMarch 10, 2023
BrokeragesHow Corcoran grew from a boutique brand to a global presenceFor most of its 50 years, Corcoran was a regional player. But in 2020, its affiliate network took off, and “it’s just the beginning of the story.”Amie FisherMarch 10, 2023
BrokeragesAgent count up, offsetting losses for top Canadian brokerage companyBridgemarq Real Estate Services reported revenue of $49.9 million in 2022 and added more than 500 agents.Stephanie Reid-SimonsMarch 9, 2023
BrokeragesBrokerage Beat: Expansions in the heartland, coasts, Caribbean and ItalyHoward Hanna merges with Coach, BHHS enters the Caymans, Sotheby's Realty expands in Finger Lakes, E&V grows in Ohio and Tulum, Corcoran enters Italy, and more.Real Estate News StaffMarch 6, 2023
BrokeragesTeams on the Move: 'Tampa Unites' at eXp; Real, KW and Compass make gainsThe latest movers: A trio of Tampa teams join eXp, Jason Martin Group moves to Real, Ken Pozak returns to KW, Brian Pistorius Group joins Compass.Real Estate News StaffMarch 4, 2023
BrokeragesBrokerage Beat: The Agency, BHGRE, JPAR and EXIT expandThe Agency extends global reach, BHGRE grows in three states, JPAR comes to the Bay Area, EXIT aims for "aggressive growth," KW agent opens boutique brokerage.Real Estate News StaffMarch 1, 2023
BrokeragesCompass revenue down, but Q4 losses improveRevenue was $1.1 billion, down 31% compared to Q4 2021, but cost-cutting measures may be stemming the tide of losses.Linda F. HerseyFebruary 28, 2023
BrokerageseXp has sluggish fourth quarter but posts record annual revenueThe Washington-based real estate giant missed revenue estimates in Q4 but increased agent count to more than 86,000.Dave GallagherFebruary 28, 2023
BrokeragesDoes your brokerage business plan include agent retention? It should!There's no quick-fix — your agent retention strategy should be as well-thought-out as your lead generation, training or sales programs.Mary BooneFebruary 26, 2023
BrokeragesAnywhere reports losses of nearly half a billion in Q4CEO Ryan Schneider said the company will make cost reductions to bring operations in line with the market, as he expects a volatile year in real estate. Linda F. HerseyFebruary 23, 2023
BrokeragesTeams on the Move: E&V, KW, Side, Corcoran and Platinum Living gain teamsThe latest movers: The Nielsen Group, Laurie Finkelstein Reader Real Estate, Archpoint Advisory, The Real Estate People, Inspired Living.Real Estate News StaffFebruary 23, 2023
BrokerageseXp Realty named in sexual assault complaintThe complaint alleges that eXp Realty turned a “blind eye” to two agents who had a history of drugging and sexually assaulting women.Dave GallagherFebruary 22, 2023
BrokeragesAt family-owned Windermere, relationships are a top priority for 2023Led by co-presidents OB Jacobi, Jill Jacobi Wood and Geoff Wood, the company continues to grow but strives to retain its family-oriented culture.Dave GallagherFebruary 21, 2023
BrokeragesGary Keller says 2023 will be a ‘very, very hard’ year in real estateDuring KW's Family Reunion event on Sunday, Keller talked about the state of the real estate market — which, he says, may get worse before it gets better.Dave GallagherFebruary 20, 2023
BrokeragesWhy some brokerages are embracing property managementThe rental market is massive. Between investor purchases and property management, it can be a lucrative business for brokerages — and a source of buyer leads. Linda F. HerseyFebruary 20, 2023
BrokeragesBrokerage Beat: Affiliations for BHGRE and Sotheby's Realty, a $44M sale, moreA family business joins BHGRE, KW opens in Germany, Howard Hanna launches community-based mortgages, Sotheby's Realty grows in Texas, and more brokerage news.Real Estate News StaffFebruary 17, 2023
BrokeragesJ. Lennox Scott is ready to grow: 'This is the start of the next 10-year cycle'Scott, chairman and CEO of John L. Scott Real Estate in the Pacific Northwest, said the market is poised to enter a new period of growth.Dave GallagherFebruary 16, 2023
BrokeragesCorcoran's Pam Liebman: 'We want people to live their best life on their terms'During Liebman’s two decades of leadership, Corcoran has grown from a boutique firm to a national franchise with plans to expand into Europe.Linda F. HerseyFebruary 14, 2023
BrokeragesTeams on the Move: Douglas Elliman, Realogics, Real and Corcoran gain teamsThe latest movers: Joni Shore Group, Robyn + Rachel Group, The Barron Team, The Prince Team.Real Estate News StaffFebruary 10, 2023
BrokeragesBrokerage Beat: Christie's coast-to-coast growth, EXIT's big bonuses, moreChristie's expands in California and Boston, E&V snags Bay Area leaders, The Agency opens in Portugal, Cupid loves Side, RE/MAX grows and more brokerage news.Real Estate News StaffFebruary 9, 2023
BrokeragesRE/MAX CEO Nick Bailey: Effective leadership means ‘taking cues from history’Bailey studies data and trends to understand where the market is headed: “The question is not how the trend is going to go. It's how fast it will move."Linda F. HerseyFebruary 6, 2023
BrokerageseXp's Jason Gesing focused on connections, problem solvingIn his new role as Chief Industry Relations Officer, Gesing has an opportunity to build relationships outside of eXp and help support the industry as a whole.Dave GallagherFebruary 4, 2023
BrokeragesBrokerage Beat: Partnerships and affiliations, plus a new look for BHHSERA lands in the Central Valley, Christie's expands in the Mid-Atlantic, E&V adds shops in No. Carolina, The Agency heads to Dallas, Side gets Robust and more.Real Estate News StaffFebruary 3, 2023
BrokeragesPartnership based on 'total trust' fundamental to @properties successCo-CEOs Michael Golden and Thad Wong have worked together for 26 years, starting out as agents before building the Chicago-based brokerage.Dave GallagherFebruary 2, 2023
BrokeragesTeams on the Move: Douglas Elliman, Real, Christie's, Coldwell Banker gain teamsThe latest movers: John Stanaland Group, The C Group, Trent Luxury, Drew and Susan Gitlin.Real Estate News StaffFebruary 1, 2023
BrokeragesCEO White: Sotheby's Realty 'has always operated from a position of strength'Philip White, the longtime leader of Sotheby's International Realty, is focused on growth and quality of service — a hallmark of the luxury brand.Linda F. HerseyJanuary 31, 2023
BrokeragesRE/MAX at 50: From disruptor to household nameFrom a mom-and-pop business that was "us against the world" to a global real estate powerhouse, RE/MAX has remained focused on growth and agent success. Linda F. HerseyJanuary 29, 2023
BrokeragesCEO Christy Budnick prioritizes collaboration at BHHSAs the leader of a massive franchise network, Budnick emphasizes teamwork. "Collaboration really allows us to understand the challenges and potential impacts."Linda F. HerseyJanuary 28, 2023
Brokerages'Don't get complacent': Realty ONE sets sights on further growth, new markets Even as the market was slowing, Realty ONE was continuing to add offices. It’s something Founder and CEO Kuba Jewgieniew is planning to do more of in 2023. Dave GallagherJanuary 26, 2023
BrokeragesReffkin's advice to leaders: 'Focus on creating value for agents' After a year of upheaval in the industry, the Compass CEO and co-founder aims to make the company cash flow positive and is leaning into culture and community.Linda F. HerseyJanuary 23, 2023
BrokeragesONEChicago leaders know how to serve the South Side: 'We’ve been through it'La'Dweena Smith, CEO of Keller Williams ONEChicago, understands the importance of being hyperlocal, serving clients in their "comfort zone."Nicole BrodeurJanuary 22, 2023
BrokeragesBrokerage Beat: Expansions, acquisitions and recognitionsLatest news: BHHS lands New England firm and Chicago top producer; E&V goes to Costa Rica; The Agency opens in Oregon; RE/MAX launches ad campaign; and moreReal Estate News StaffJanuary 21, 2023
BrokeragesGlenn Sanford focused on agents, growth and well-being as eXp moves forwardBy stepping back into the CEO role at eXp Realty, Sanford wants to send a clear message that he’s there to help agents through the market slowdown.Dave GallagherJanuary 19, 2023
BrokeragesAt Anywhere, Sue Yannaccone is ‘empowering everyone’s next move’Yannaccone, CEO and president of Anywhere Brands, says inclusiveness — internally and when working with consumers — is a key strength for the company.Linda F. HerseyJanuary 17, 2023
BrokeragesTeams are good, boutique teams are better, survey findsIn a new study from Side, agents on boutique teams reported higher levels of satisfaction and higher earnings compared with traditional brokerage teams.Dave GallagherJanuary 16, 2023
BrokeragesOptimism propels Canada’s largest brokerage forwardBridgemarq's Phil Soper has overseen the steady and consistent growth of the company during his 20-year tenure as CEO. Dave GallagherJanuary 13, 2023
BrokeragesBrokerage Beat: Recognitions, affiliations and expansionsLatest news: Four brokerages named 'best place to work,' BHGRE adds affiliate in Oregon, BHHS grows in WA, eXp expands to Dubai, Christie's adds UK affiliate.Real Estate News StaffJanuary 11, 2023
BrokeragesAnywhere announces layoffs, wind-down of RealSureThe company disclosed in an SEC filing that it made workforce reductions Monday because of the downturn in the real estate market.Linda F. HerseyJanuary 10, 2023
BrokeragesA leader of leaders: How Gino Blefari inspires the executives at HSAGet an insider’s look at what it’s like to work for the CEO of HomeServices of America — and why he’s the most influential leader in real estate.Linda F. HerseyJanuary 10, 2023
BrokeragesCompass hit with another round of layoffsThe New York-based brokerage disclosed its third round of job reductions in eight months.Linda F. HerseyJanuary 5, 2023
BrokeragesA slower market isn't slowing growth at The Real BrokerageReal CEO Tamir Poleg said the company is prioritizing growth — through acquisitions, agent count and market share — to improve the homebuying process. Dave GallagherDecember 19, 2022
BrokeragesLuxury brands are snatching up Global Living teams after breakup with CorcoranThe Corcoran Group cut ties with Global Living last month, prompting a number of the affiliate's former agents to team up with other brokerages.Dave GallagherDecember 19, 2022
BrokeragesTrends 2023: A boutique brokerage gets a tech checkupAs competition intensifies, brokerage leaders must strengthen business fundamentals like technology to stay competitive. T3 SixtyDecember 19, 2022
BrokeragesBrokerage Beat: Affiliations, expansions and notable milestonesThe latest news: Howard Hanna merger; new affiliations for RE/MAX, Century 21, BHGRE and The Agency; top E&V office renews; ERA opens in UruguayReal Estate News StaffDecember 17, 2022
BrokeragesCorcoran Group forms new affiliate after Global Living falloutAfter terminating a franchise agreement with Global Living, The Corcoran Group has launched a new affiliate with 900 agents in Northern California.Dave GallagherDecember 16, 2022
BrokeragesTeams on the Move: December editionThe latest movers: Robyn Yates-Gajjar and Sid Gajjar, Grauman Rosenfeld Group, Chad Schwendeman, Victoria FisherReal Estate News StaffDecember 14, 2022
BrokeragesThe Real Brokerage appoints presidentSharran Srivatsaa, who has worked in real estate, finance and tech, will take on the newly created position at the fast-growing brokerage.Dave GallagherDecember 12, 2022
BrokeragesFor celebrity home buyers, privacy is pricelessAgents who work with high-profile clients like pro athletes and entertainers say privacy, discretion and security are top priorities.Linda F. HerseyDecember 4, 2022
BrokeragesTurnover at the top: Keller Mortgage under new leadershipDavid Smith departs after less than two years; Keller Mortgage CFO assumes the role as interim president. Linda F. HerseyDecember 1, 2022
Brokerages'Sports and entertainment' proving to be a resilient marketThe niche area of real estate services for pro athletes and entertainers is largely insulated from the broader economic downturn.Linda F. HerseyNovember 28, 2022
BrokeragesTeams on the move: Changing brokerages, finding the best fitThe latest movers: Aaron Kirman, Luczak Real Estate, Dean Aguilar Group, Spouses With HousesReal Estate News StaffNovember 16, 2022
BrokeragesRedfin reports net loss of $90.2 million after layoffs, iBuyer shutdownRedfin announced significant losses and a new round of layoffs in anticipation of a continuing slowdown "at least through 2023."Dave GallagherNovember 9, 2022
BrokeragesTrends 2023: An inside look at the nation's most profitable brokerageHSA operates a massive business, and its well-defined, consistently executed management style may just be the key to the company's success.T3 SixtyDecember 26, 2022
BrokeragesBrokerage Beat: Closing out the year with growth and philanthropyLatest news: Coldwell Banker nabs high-volume affiliate; The Agency opens in the Dominican Republic; KW and Windermere fund community causesReal Estate News StaffDecember 23, 2022
BrokeragesCan your buyer Airbnb that house? Redfin’s new zoning details provide answersIn an effort to increase data transparency, the brokerage’s search portal now offers land-use and zoning data on 70 million homes.Dave GallagherDecember 5, 2022
BrokeragesFormer KW CEO sues brokerage, Gary Keller for $300 millionJohn Davis, who resigned from Keller Williams in 2019, said the company and its founder have tried to ruin his reputation.Dave GallagherNovember 15, 2022
BrokeragesCompass reports 14% revenue drop in Q3 after transactions declineCEO and founder Robert Reffkin said that lower sales volumes are creating “significant challenges” for the housing industry as mortgage rates climb.Linda F. HerseyNovember 10, 2022
BrokeragesHomeServices CEO Gino Blefari: ‘Where there is chaos, there is opportunity’Blefari has seen the ups and downs of the market during his four decades in the industry, which helps him keep his sights on profitability and performance.Linda F. HerseyNovember 8, 2022
BrokeragesRealty ONE continues ‘disciplined and strategic’ growthA shifting housing market hasn't deterred the company's growth plans, which include international expansion and seeking out "best fit" franchise partners.Dave GallagherNovember 4, 2022
BrokeragesCEO Ryan Schneider sees Anywhere thriving in ‘good and challenging times’Schneider, who has led the company since 2017, explains why he is bullish about the future despite turbulence in the economy.Linda F. HerseyNovember 1, 2022
BrokeragesLong & Foster CEO, brokerage president resignCEO Jeff Detwiler left after nearly 14 years with Long & Foster, along with Boomer Foster, the founder’s nephew. Two company vets have moved into their spots.Stephanie Reid-SimonsMarch 13, 2023
BrokeragesKW reports modest growth in agent count, lower sales volume in 2022The franchise is approaching 200,000 agents worldwide and reported gains in its global markets, as U.S. and Canada numbers dipped.Amie FisherMarch 13, 2023
BrokeragesRE/MAX conference looked at lessons from the past, goals for the futureFounder Dave Liniger encouraged attendees to focus on growth and adaptability, while CEO Nick Bailey said agents shouldn't be afraid to "get loud."Linda F. HerseyMarch 3, 2023
BrokeragesRedfin revenues down 25% but better than expectedCEO and founder Glenn Kelman said the company is continuing to cut expenses and looking to increase the number of online visitors who hire Redfin agents.Dave GallagherFebruary 16, 2023
BrokeragesMixed results for RE/MAX in Q4: Quarterly declines, annual gainsThe company noted that it closed out the year with a relatively small drop in revenue considering the sharp decline in home sales in 2022. Amie FisherFebruary 16, 2023
BrokerageseXp inks deal for exclusive lead sourceThe brokerage has formed a partnership with Realty.com, which will give eXp agents access to buyers and sellers in more than 26,000 U.S. cities.Dave GallagherJanuary 25, 2023
BrokeragesSide taps former Zillow executive as presidentStephen Capezza, who oversaw the Premier Agent program at Zillow, will focus on growth as president at Side.Dave GallagherJanuary 4, 2023
BrokerageseXp’s Glenn Sanford assumes new leadership roleGlenn Sanford, founder and CEO of eXp World Holdings, will step in as CEO at eXp Realty, the cloud-based brokerage.Linda F. HerseyJanuary 3, 2023
BrokeragesIndustry icon Wes Foster, co-founder of Long & Foster, has diedWes Foster, known for his integrity and "larger than life presence," said he was most proud of growing Long & Foster from humble beginnings into a major player.Cheryl Reid-SimonsMarch 18, 2023
BrokeragesBrokerage leaders expect profit margins, sales to decline in 2023A survey of brokerage leaders across the U.S. found general pessimism around the economy, but confidence in local markets.Linda F. HerseyJanuary 13, 2023
BrokeragesKeller Williams to pay $40 million in lawsuit over robocallsA class action lawsuit alleged KW contacted consumers multiple times with automated marketing calls and text messages.Linda F. HerseyJanuary 13, 2023
BrokeragesRE/MAX Q3 earnings: Higher interest rates have ‘reset the housing landscape’RE/MAX leaders say that the company’s franchise models and strategic growth initiatives helped to drive revenues in the third quarter.Linda F. HerseyNovember 4, 2022
BrokeragesRyan Gorman leaving Coldwell Banker CEO position as Anywhere reshapes leadershipRyan Gorman is out as Coldwell Banker CEO and Sue Yannaccone is in as the "singular leader" overseeing Anywhere's core brokerages business.Linda F. HerseyDecember 6, 2022
BrokeragesWith slower sales and fewer listings, KW looks to training and coachingKeller Williams' sales volume through the third quarter dropped 3% compared to the same period last year.Dave GallagherNovember 3, 2022
BrokerageseXp reports a 12% increase in revenue despite rocky real estate marketCEO Glenn Sanford says he’s pleased by the company’s performance this quarter, but believes the industry will continue to struggle amid high interest rates.Andrea HamiltonNovember 2, 2022
BrokeragesFrom Austin to the Alps, Keller Williams expands globallyKeller Williams Worldwide leads a trend among U.S. residential real estate companies to grow operations internationally.Linda F. HerseyOctober 28, 2022
BrokeragesAnywhere reports 17% revenue drop amid declining home salesCEO Ryan Schneider said the company’s strong balance sheet with a focus on cost reductions allows the company to grow in strategic areas during the slowdown.Linda F. HerseyOctober 27, 2022
BrokeragesCompass founder Robert Reffkin vows: ‘I am all in’At the company’s annual agent event, Compass CEO Robert Reffkin touched on the challenging real estate market, declining stock values and what lies ahead.Linda F. HerseyOctober 26, 2022
BrokeragesRE/MAX CEO Nick Bailey on thriving in a changing economyBailey sees this period as a natural rebalancing, with agents continuing to be front and center: “We’re going to continue to lean into what we are good at.”Linda F. HerseyOctober 26, 2022
BrokeragesBattle-tested tips for brokers in a challenging marketThis is an uncertain moment, but brokers can lead others to solid ground by taking focused action.Real Estate News StaffOctober 23, 2022
BrokeragesFlorida RE/MAX broker: ‘Our businesses are up and going again’A southwest Florida real estate broker and business owner reflects on losses from Hurricane Ian and the work ahead, but remains optimistic.Linda F. HerseyOctober 23, 2022
Brokerages‘Focus on a career, not a year’: Gary Keller on working through a downturnKeller sees opportunities for agents and brokers who remain proactive and double down on the aspects of their business that work well.Dave GallagherOctober 23, 2022
BrokeragesKW Cares responds after Hurricane Ian with $3.3M in supportThe Keller Williams nonprofit has been raising donations and sending supplies to storm victims in Florida.Linda F. HerseyOctober 21, 2022