Brokerage News

eXp snags 200-person team; E&V expands to D.C. and Sarasota; The Agency opens in Indianapolis; Christie's now in Puerto Rico; Real, Sotheby's, Hanna make gains.

HomeServices of America CEO Gino Blefari knows what agents are facing — and what they’re capable of. His advice? Keep going. Winning is possible.

The Speicher Group, with $1 billion in sales, has joined Real; luxury Team Carte Blanche returns to Compass; BHHS Chicago's MG Group expands.

Keller Williams saw overall declines in transactions and sales volume in Q1, but closed $4 billion worth of deals outside of the U.S. and Canada.

Bridgemarq Real Estate Services reported a net loss of $4.7 million, attributing the drop to the housing market downturn.

The Real Brokerage more than doubled its agent count vs. last year, with chairman and CEO Tamir Poleg crediting its technology and “agent attraction model.”

President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.

The brokerage reported a net loss of $15.1 million in the first quarter but says it has plenty of cash on-hand to carry it through the down cycle.

Brokerage leaders expect agents to be more tech-savvy than ever before, bringing new skills that enhance traditional approaches to buying and selling homes.

With the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.

The team, led by a retired Navy Senior Chief and an active duty Navy Lieutenant Commander, will help service members navigate the VA loan process.

Corcoran expands in NJ; RE/MAX snags SoCal firm; Real opens in Manitoba; C21 grows in Green Bay; AZ indie joins KW; The Agency opens in Boise; eXp woos teams.

In a panel discussion, former CEOs of some of the largest real estate companies talked about remote work, AI and more.

The company lost $700K and saw U.S. agent count decline in Q1, but said the results met expectations and focused on opportunities for Motto Mortgage.

Redfin CEO Glenn Kelman says the company is ‘leaner, hungrier’ and ready for when the real estate market rebounds.

The company missed analyst expectations by $0.48 per share but achieved cost savings of $50 million while legal headwinds put pressure on the bottom line.

In a panel discussion, leaders of four fast-growing brokerages shared their thoughts on agent attrition, the commissions lawsuits and other hot topics.

The cloud-based brokerage reported declines in revenue and transactions, but ended the quarter in the black and boosted agent count.

Daymond John knocked on the right door to grow the FUBU brand and his own career, with a lot of hustle and a little help from LL Cool J.

Real snags two D.C.-area teams and enters Delaware; Munich-based REIDEL joins Christie's; Realty ONE and C21 gain Chicago firms; KW recognized for diversity.

Sherry Chris, president and CEO of the Anywhere Expansion Brands portfolio, is retiring from brand leadership and will transition to an advisory role.

Brokerage leader Bill Ryan, whose firm recently joined KW, has seen tremendous growth — and a few booms and busts — over his five decades in the industry.

Several of the top brokerages in T3 Sixty's Mega 1000 list were founded after 2000, including top-ranking Compass.

CEO Glenn Kelman said working from home isn’t working out for Redfin, which will require HQ employees to spend at least two days a week in the office.

In 1973, with a $1000 loan, Barbara Corcoran launched what would become a global luxury real estate company. And it's always had a woman at the helm.

Jeff and Joanne Collis, originally based in Illinois, have been building a business in Naples, Florida while also working on deals in the Chicago suburbs.

Sotheby's Realty adds Podium Group; E&V opens in southern Colorado; KWW goes to India; ERA and BHGRE add affiliates; John R. Wood boasts top sales volume.

As the market slowed down, some top teams left Compass for greener pastures, but the company continues to grow its agent count and woo new and former teams.

Century 21 gains Long Island firm; Epique opens in Florida; Christie's moves into Lexington; BHHS PenFed launches rev share; Real Title expands to California.

Instagram-favorite Upstate Curious moves to Compass, eXp lands 129-member Kevo Properties team, Giles Group joins Elliman, Compass teams form partnership.

The brokerage's real estate support division was the hardest hit in this third round of layoffs since June.

Compass nabs AZ brokerage, Century 21 gains NY affiliate, SERHANT. adds 6 new markets, Real reaches 10k agents, ERA Doty expands, BHHS PenFed acquires Arista.

RE/MAX, @properties, BHGRE add affiliates; NextHome, KW, Anywhere recognized for innovation; eXp gains NC team; The Agency expands; E&V opens new shops.

Lane, previously brokerage president of Sotheby's Realty, steps into the role vacated by Ryan Gorman in December.

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.

The 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.

Despite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.

Ryan Schneider, leader of one of the largest real estate enterprises, believes the company will benefit from continued investments, even in a downturn.

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.

T3 Sixty’s ranking of the top real estate companies includes Compass, Keller Williams, Anywhere and other repeat leaders — plus a few surprises.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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

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