Brokerage News

After taking on the role of president a few months early, Tracy Kasper joined other officers for their gala moment at the association’s conference.

The agreements, which cover multiple buyer-broker commissions lawsuits, were deemed “fair, reasonable and adequate” by the judge.

The Agency opens 100th office; longtime Bermuda firm re-ups with Coldwell Banker; Century 21 adds affiliate in Mass.; Sotheby's grows in Upstate NY.

New buyer agency agreements are coming (though agents don't have to use them), but the focus should be on relationships, eXp’s CEO said in a YouTube broadcast.

Willis previously held the top leadership position at Keller Williams Realty from 2005-2015 and had recently rejoined the company in a consulting capacity.

Erik Carlson replaces interim CEO Steve Joyce as the leader of the company's real estate brokerage and mortgage divisions.

eXp begins search for new CFO; Century 21 strengthens Georgia presence; @properties Christie's International promotes key execs; The Agency adds Toronto office.

Strong growth was the theme of the quarter despite a net loss. CEO Tamir Poleg also said he believed Real will come out ahead should commissions rules change.

During the company's recent earnings call, CEO Glenn Sanford was asked about ongoing litigation that claims eXp ignored a pattern of sexual misconduct.

During a webinar, T3 Sixty leaders acknowledged that emotions are running high as they talked through potential implications of the Sitzer/Burnett verdict.

In the Q3 earnings call, Robert Reffkin said Sitzer/Burnett probably won't lower commission splits, highlighted the company's strength despite continued losses.

Christie's expands in NorCal, Caribbean; John L. Scott acquires Sterling Johnston; ERA, C21 add affiliates; CB Warburg nabs lux agent; eXp lands $4B team; more.

CEO Glenn Sanford acknowledged the challenging market, but said eXp has increased market share and added agents even as revenue remains flat.

While revenue dipped slightly, net losses totaled more than $59 million, but CEO Steve Joyce said the company continued to make progress in a tough market.

CEO Glenn Kelman told investors its customer focus, including self-service options for buyers, helped improve earnings and could help Redfin grab market share.

Despite cutting ties with NAR and touting its consumer advocacy, the brokerage is named in a new lawsuit similar to the Sitzer/Burnett and Moehrl cases.

Corcoran expands in Houston, opens first Canadian office; The Agency moves into Cleveland; Howard Hanna acquires century-old Lancaster County firm.

As brokerage firms vie to keep their top producers and boost agent counts, some are offering new benefits, including healthcare, to stay competitive.

The iBuyer will send potential sellers leads to the brokerage company, while Anywhere agents can present their sellers with a cash offer from Offerpad.

Plaintiffs in the Nosalek case want to reach a deal with RE/MAX and Anywhere following the brokerage companies’ settlements in Sitzer/Burnett and Moehrl.

During its annual conference this week, the brokerage unveiled four new tools and programs designed to help agents improve their financial future.

“We want to set up agents to be million-dollar producers” and remain W-2 employees, Jason Aleem, Redfin’s SVP of real estate operations, told Real Estate News.

In its Q3 earnings report, the company highlighted its $1.6B in revenue, debt reduction, and a settlement that “puts significant litigation behind us.”

Thad Fisher, former eXp, Anywhere and Zillow leader, joins KW's Livian platform; Christian Wallace named first chief of integrated home services at Real.

United DFW merges with Insight Realty; Keller Williams expands to Curaçao; E&V adds a third shop in coastal Massachusetts; eXp gains Missouri team.

Compass regains a team, adds another; ERA gains two Florida affiliates; Real expands in NorCal; The Agency launches in Salt Lake City; RE/MAX adds 15 offices.

Side President Steve Capezza, who moved to the brokerage platform in January after almost a decade at Zillow, believes there’s power in finding joy in the work.

Coldwell Banker Affiliates appoints BHHS exec Jason Waugh as president; PLACE names coach Brendon Burchard as chief growth advisor.

NAR’s profile of brokerage businesses offers a look inside the makeup, operations and goals of firms, finding that many are still in growth mode.

Century 21 gains three new affiliates; Real snags 50-agent brokerage; The Agency opens in Panama; KW gains Bay Area firm; Christie's expands in UAE; more.

The brokerage giants have agreed to significant policy changes as part of their settlement agreements in the Sitzer/Burnett and Moehrl commissions cases.

The company says eXp Exclusives is not meant to replace MLSs, but it provides a way to work with sellers who want to keep their listings private.

A respected tech leader, Sodhi spent nearly 30 years at Crye-Leike and held numerous roles on national boards.

Bryon Ellington, who has held executive roles at Century 21, Anywhere and KW during his 20-year career, will lead training and coaching initiatives.

The companies announced a partnership that will allow listing agents to get offers on behalf of their sellers directly through eXp's agent dashboard.

In a note signed by CEO Glenn Kelman and other Redfin leaders, the company said “NAR isn’t the future.”

Two @properties leaders, Liz Thompson and Nicole Konsler, have moved into VP roles; MLS Now CEO Carl DeMusz to retire after 23 years.

The French company has over 20,000 agents across Europe and Mexico, and now it’s ready to stake a claim in the lucrative U.S. market.

RE/MAX snags 165-agent firm; Century 21 grows in Long Island, Chicago; The Agency expands in Montana; Real enters Vermont; Christie's opens in Park City; more.

Chief Growth Officer Michael Valdes says eXp doesn’t “recruit” agents in a transactional sense, but seeks to “attract” for long-term growth and success.

Chicago duo takes North Shore business to @properties; No. 1 New Orleans agent joins Keller Williams; Compass team increases brokerage's Milwaukee presence.

The acquisition of Realty Austin and Realty San Antonio will significantly boost Compass' annual sales volume in Texas.

George Carrillo will take on the top role at the newly launched National Hispanic Construction Alliance; Ravi Jani joins Real as VP of investor relations.

Christie's heads to Austin; RE/MAX adds franchise in Mass.; boutique Lafayette firm joins Real; Compass nabs $1 billion SoCal firm; John R. Wood upsizes.

The brokerage, which offered homeowners cash in exchange for a 40-year right-to-list agreement, has been bogged down by lawsuits and investigations.

Former president Chris Lim moves into an advisory role, while EVPs Natalie Hamrick and Kevin Van Eck will share the top leadership position.

The settlement agreement leaves NAR, HomeServices of America and Keller Williams as defendants with an Oct. 16 trial date looming.

Coldwell Banker nabs LA agent with massive social presence; TTR Sotheby's, BHHS Chicago, CB Warburg add agents; RE/MAX gains indie; more.

Current CEO Sven Odia will shift to the role of president as he supports Jawed Barna's transition in November.

They've structured the brokerage to avoid silos, which makes Real's rev share model better for agents and teams, says Sharran Srivatsaa.

Bean Group, which serves Maine, New Hampshire, Massachusetts and Vermont, has joined eXp thanks to new incentives aimed at recruiting large teams.

The company has retooled its revenue share program to make it easier for newer agents to benefit from it — and to help its recruiting efforts.

The Agency drafts former NFL stars, adds to development group; RE/MAX firm acquires large team; EXIT expands in the South; NY team joins eXp; E&V enters Belize.

“A lot of agents are going to make more money,” says CEO Tamir Poleg as Real reduces the threshold to move up in its rev share structure.

The company and plaintiffs informed the judges that a preliminary settlement has been reached, ending two potentially damaging trials for Anywhere.

Century 21 snags SC firm; Christie’s opens in the Hamptons; Compass adds Chicago agents; Real gains luxury team; BHGRE opens in Turkey.

Emily Clark, president of Robert Paul Properties, discusses her top goals for the year and why agents should pay more attention to the industry.

As real estate companies recover from the market downturn, many firms "will have to either be an active buyer or seller" in the next few years.

Real expands on the East Coast; The Agency nabs a top NYC broker, launches in Kentucky, and gains a team in Boise; Real names a managing broker for Texas.

Starting next July, former KW agents who compete against the company will see their profit share distribution reduced from 100% to 5%.

In an SEC filing, the company said the layoffs are part of a reorganization that will “yield cost savings in the long term.”

Red Oak Realty CEO Vanessa Bergmark has clear goals for growth — and for finding and keeping great agents, no matter the market.

Century 21 gains Arkansas firm, names new CEO in Chicagoland; Realty ONE enters Belize; Texas mega-team joins Pinnacle; Ansley Christie's nabs top E&V agent.

Keller kicked off KW’s Mega Camp with a message for agents: “If you do the work, you will have a great real estate year, regardless of the market.”

As the wildfire death toll rises, Keller Williams, eXp and others connect with agents, raise money and even turn an office into an emergency “command center.”

The Canadian brokerage giant saw a much smaller drop in revenue, and agent count increased slightly.

E&V opens new shops in SW Florida, Atlanta; Caribbean firm joins Christie's; eXp gains 82-agent team; Premier Sotheby's hires managing broker; more.

The company reported significant year-over-year declines, with revenue taking a nearly 25% hit — but numbers were much improved over Q1.

Despite a net loss of just over $4M, the company increased revenue by 65% and reported EBITDA profits for the first time, while also doubling agent count.

At a conference this week, Nick Bailey said the company’s value lies in its strong brand identity and agent experience — not downlines or profit sharing.

The brokerage lost $48 million in Q2 — an improvement after substantial losses in Q1 — and the company emphasized its free positive cash flow.

eXp gains 200+ agents from two brokerages; ERA and Century 21 add family-run affiliates; Engel & Völkers doubles SoCal presence; The Agency opens in Kelowna.

Amid falling revenue and elusive net profits, the company plans to pilot a program to give agents "the lion’s share of the commission on self-sourced sales."

The company reported a net income of $9.4 million, slightly below expectations, while its agent count grew by 7%.

The company's net income of $2 million was an improvement after losses in Q1, while revenue fell by more than 10% and U.S. agent count dropped by 6.3%.

Real gains billion-dollar SoCal firm; BHGRE celebrates 15 years; The Agency Nashville adds 5 agents; Entrepreneur Media names top real estate franchises.

While down year-over-year, revenue and income were up over the previous quarter, but the company missed expectations on earnings per share.

Dava Davin, whose firm did nearly $860M in sales volume in the past 12 months, believes a philosophy of altruism has helped her win clients — and agents.

Top Dallas team joins Real; C21 adds affiliates in Missouri, Colorado; Pacific Sotheby's Realty, BHHS, CB Warburg gain agents; The Agency adds design partner.

Mark A. McLaughlin is back at Compass as the company’s chief real estate strategist. He left the company in 2021 to pursue consulting opportunities.

The company's "right to list" agreements gained national attention in December, and civil and legislative actions are ongoing.

Natalie Grubb Campbell, who manages Village Properties alongside her mom, makes sure her agents are "equipped to handle any situation" in a changing market.

Christie's Sereno gains agent team; Dallas group joins RE/MAX; Premier Sotheby's Realty snags longtime CB leader; Engel & Völkers expands in Pittsburgh.

Mark Willis, who previously served as both president and CEO at KW, is rejoining the company to assist with its market center growth.

Shawna Alt, CEO of First Weber Realtors, believes that in hard times, agents should focus on what they can control, and leaders should celebrate small wins.

The country’s largest independent brokerage recently pulled out of IDX in the Cleveland area, touching off widespread discussion. Will its approach catch on?

The Baird & Warner CEO shares how his family business has thrived in a cyclical, sometimes “regressive” industry, and discusses the future of buyer agency.

Facing a contraction of his brokerage business, J. Philip Faranda made a previously "unthinkable" decision. Now he wishes he had done it sooner.

J. Philip Faranda grew a thriving brokerage business over 18 years. He never considered selling — but then the market shifted. Here's his story.

Hoby Hanna recently made waves by pulling listings from IDX — a move that effectively keeps Howard Hanna Real Estate listings off of competitors’ websites.

United franchise and indie firm merge in AL; The Agency opens in NC; Christie's moves into Belgium; Corcoran acquires Jersey Shore firm; PA team joins eXp.

Glenn Sanford’s “State of the Union” hints at strategic partnerships, an exclusive lead-gen strategy and investments in attracting teams.

Two top teams get Real; Windermere acquires HK Lane; SIR picks up Pritchett-Rapf; McEnearney Associates and Middleburg Real Estate/Atoka Properties merge.

In light of ongoing lawsuits, brokers need to prepare their buyer agents to communicate their value and respond to objections around agreements and fees.

Rob Allen, CEO of Sage Sotheby's Realty, says a slower market has agents wondering if they're at the right brokerage — but he doesn't sign just anyone.

Jim Fite, president of the brokerage his father founded in 1937, has led his company through 7 recessions and shares advice on how to make it to the other side.