Brokerage News

Neda Navab, who has known Compass’ CEO for over 20 years, says he “genuinely wants to build a better industry” for agents and their clients.

Watch the conversation as Kamini Lane discusses consolidation, Coldwell Banker’s “core” position within Compass, and her current stance on private listings.

The Zaken Shevett Team aims to provide an “elevated experience.” Plus, eXp gains Baja firm, ex-MLB player; Jim D’Amico buys into Corcoran affiliate; more.

With revenue gains and no long-term debt, CEO Michael Liebowitz said work is in progress to build “a company that is smarter, faster and more efficient.”

The franchisor reported lower-than-expected revenue in Q2 as operating costs rose, resulting in a net loss of more than $4 million.

Marti Realty Group, which has topped $300M in sales volume so far this year, brings 40 agents and staff and its New Home Buddy platform to Keller Williams.

Ahead of a planned vote on Real’s acquisition of REMAX, CEO Tamir Poleg said the two companies have an “opportunity to write the industry’s next great chapter.”

The brokerages will pay nearly $30 million in combined damages. The Aug. 4 ruling resolves all homebuyer claims and related future actions against the firms.

CEO Robert Reffkin cited “the wealth effect” as a revenue driver. He also criticized MLSs and portals, and suggested Compass could become the No. 1 search site.

The eXp Realty parent company said a focus on recruiting teams and improving agent productivity — enhanced by its “AI-native” platform — paid dividends in Q2.

As the brokerage landscape continues to shift, Howard Hanna NYC leader Michael Rossi says the firm is asserting its brand power with an eye toward growth.

The brokerage filed a draft registration with the SEC this week. Plus, Ruth Reffkin launches a team; SIR enters Vietnam; Real nabs media-savvy D.C. team; more.

The alignment brings a strong and sizable partner to the upstart association, which now has the potential to substantially grow its ranks.

A new paper from the Consumer Policy Center finds that tacked-on brokerage fees have become “standard practice” despite agent objections.

Compass aims to help Warburg agents deliver “greater value.” Plus, Equity Union enters second state with Nevada launch; Elliman Capital opens in Texas; more.

The firm said it’s implementing a plan to “effectively remediate” the issues, which were largely tied to an M&A side deal hidden by Fathom’s former CEO.

The family-owned firm notches another acquisition — and enters the Maine, New Hampshire and Massachusetts markets — with the addition of Portside Real Estate.

The franchisor has added four new roles focused on performance, agent attraction and commercial growth to “create more opportunity for entrepreneurs to thrive.”

The Long Island firm has added two teams to its new Merrick office. Plus, Compass opens on Shelter Island; FirstTeam adds California Central Coast office; more.

The longtime KW executive said he’ll remain active as a writer and coach, and intends to stay involved with his family businesses.