Brokerage News

The 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.

The luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.

For 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.”

Bridgemarq Real Estate Services reported revenue of $49.9 million in 2022 and added more than 500 agents.

Howard 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.

The 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.

The 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.

Revenue was $1.1 billion, down 31% compared to Q4 2021, but cost-cutting measures may be stemming the tide of losses.

The Washington-based real estate giant missed revenue estimates in Q4 but increased agent count to more than 86,000.

There's no quick-fix — your agent retention strategy should be as well-thought-out as your lead generation, training or sales programs.

CEO 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.

The latest movers: The Nielsen Group, Laurie Finkelstein Reader Real Estate, Archpoint Advisory, The Real Estate People, Inspired Living.

The complaint alleges that eXp Realty turned a “blind eye” to two agents who had a history of drugging and sexually assaulting women.

Led by co-presidents OB Jacobi, Jill Jacobi Wood and Geoff Wood, the company continues to grow but strives to retain its family-oriented culture.

During 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.

The rental market is massive. Between investor purchases and property management, it can be a lucrative business for brokerages — and a source of buyer leads.

A family business joins BHGRE, KW opens in Germany, Howard Hanna launches community-based mortgages, Sotheby's Realty grows in Texas, and more brokerage news.

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.

During Liebman’s two decades of leadership, Corcoran has grown from a boutique firm to a national franchise with plans to expand into Europe.

The latest movers: Joni Shore Group, Robyn + Rachel Group, The Barron Team, The Prince Team.

Christie'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.

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."

In 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.

ERA 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.

Co-CEOs Michael Golden and Thad Wong have worked together for 26 years, starting out as agents before building the Chicago-based brokerage.

The latest movers: John Stanaland Group, The C Group, Trent Luxury, Drew and Susan Gitlin.

Philip White, the longtime leader of Sotheby's International Realty, is focused on growth and quality of service — a hallmark of the luxury brand.

From 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.

As the leader of a massive franchise network, Budnick emphasizes teamwork. "Collaboration really allows us to understand the challenges and potential impacts."

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.

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.

La'Dweena Smith, CEO of Keller Williams ONEChicago, understands the importance of being hyperlocal, serving clients in their "comfort zone."

Latest 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 more

By 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.

Yannaccone, CEO and president of Anywhere Brands, says inclusiveness — internally and when working with consumers — is a key strength for the company.

In a new study from Side, agents on boutique teams reported higher levels of satisfaction and higher earnings compared with traditional brokerage teams.

Bridgemarq's Phil Soper has overseen the steady and consistent growth of the company during his 20-year tenure as CEO.

Latest 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.

The company disclosed in an SEC filing that it made workforce reductions Monday because of the downturn in the real estate market.

Get 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.

The New York-based brokerage disclosed its third round of job reductions in eight months.

Real CEO Tamir Poleg said the company is prioritizing growth — through acquisitions, agent count and market share — to improve the homebuying process.

The Corcoran Group cut ties with Global Living last month, prompting a number of the affiliate's former agents to team up with other brokerages.

As competition intensifies, brokerage leaders must strengthen business fundamentals like technology to stay competitive.

The latest news: Howard Hanna merger; new affiliations for RE/MAX, Century 21, BHGRE and The Agency; top E&V office renews; ERA opens in Uruguay

After terminating a franchise agreement with Global Living, The Corcoran Group has launched a new affiliate with 900 agents in Northern California.

The latest movers: Robyn Yates-Gajjar and Sid Gajjar, Grauman Rosenfeld Group, Chad Schwendeman, Victoria Fisher

Sharran Srivatsaa, who has worked in real estate, finance and tech, will take on the newly created position at the fast-growing brokerage.

Agents who work with high-profile clients like pro athletes and entertainers say privacy, discretion and security are top priorities.

David Smith departs after less than two years; Keller Mortgage CFO assumes the role as interim president.

The niche area of real estate services for pro athletes and entertainers is largely insulated from the broader economic downturn.

The latest movers: Aaron Kirman, Luczak Real Estate, Dean Aguilar Group, Spouses With Houses

Redfin announced significant losses and a new round of layoffs in anticipation of a continuing slowdown "at least through 2023."

HSA operates a massive business, and its well-defined, consistently executed management style may just be the key to the company's success.

Latest news: Coldwell Banker nabs high-volume affiliate; The Agency opens in the Dominican Republic; KW and Windermere fund community causes

In an effort to increase data transparency, the brokerage’s search portal now offers land-use and zoning data on 70 million homes.

John Davis, who resigned from Keller Williams in 2019, said the company and its founder have tried to ruin his reputation.

CEO and founder Robert Reffkin said that lower sales volumes are creating “significant challenges” for the housing industry as mortgage rates climb.

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.

A shifting housing market hasn't deterred the company's growth plans, which include international expansion and seeking out "best fit" franchise partners.

Schneider, who has led the company since 2017, explains why he is bullish about the future despite turbulence in the economy.

CEO 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.

The franchise is approaching 200,000 agents worldwide and reported gains in its global markets, as U.S. and Canada numbers dipped.

Founder Dave Liniger encouraged attendees to focus on growth and adaptability, while CEO Nick Bailey said agents shouldn't be afraid to "get loud."

CEO 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.

The company noted that it closed out the year with a relatively small drop in revenue considering the sharp decline in home sales in 2022.

The 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.

Stephen Capezza, who oversaw the Premier Agent program at Zillow, will focus on growth as president at Side.

Glenn Sanford, founder and CEO of eXp World Holdings, will step in as CEO at eXp Realty, the cloud-based brokerage.

Wes 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.

A survey of brokerage leaders across the U.S. found general pessimism around the economy, but confidence in local markets.

A class action lawsuit alleged KW contacted consumers multiple times with automated marketing calls and text messages.

RE/MAX leaders say that the company’s franchise models and strategic growth initiatives helped to drive revenues in the third quarter.

Ryan Gorman is out as Coldwell Banker CEO and Sue Yannaccone is in as the "singular leader" overseeing Anywhere's core brokerages business.

Keller Williams' sales volume through the third quarter dropped 3% compared to the same period last year.

CEO 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.

Keller Williams Worldwide leads a trend among U.S. residential real estate companies to grow operations internationally.

CEO 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.

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.

Bailey 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.”

This is an uncertain moment, but brokers can lead others to solid ground by taking focused action.

A southwest Florida real estate broker and business owner reflects on losses from Hurricane Ian and the work ahead, but remains optimistic.

Keller sees opportunities for agents and brokers who remain proactive and double down on the aspects of their business that work well.

The Keller Williams nonprofit has been raising donations and sending supplies to storm victims in Florida.