Brokerage News

The five defendants in Batton 2 — Compass, eXp, Redfin, Weichert and United — filed a joint motion, arguing that the claims are untimely and lack merit.

The global brokerage reached an agreement with home sellers last week, according to a court filing.

Chicago-area team joins Keller Williams Infinity; team leader joins Detroit RE/MAX franchise as broker/owner; The Agency opens fourth Texas office.

The low-fee brokerage continues to pursue antitrust claims against Zillow as it looks for a chance to start again.

Large East Coast indies join ERA; Super Bowl champ signs on with Engel & Völkers Austin; Sotheby's Realty expands in Michigan; Century 21 adds Montana firm.

At a town hall event, Keller Williams leadership addressed agents’ concerns, acknowledged that “change is not comfortable.”

Parks leaders form new firm; TX indie merges with United; NYC brokerages join Side; Corcoran gains music legend; C21 grows in AL; Chicago duo joins E&V; more.

Indiana's top C21 franchise appoints new VP of marketing; The Agency expands globally with new offices in Quebec and Portugal.

Recruiter Brent Gove has also been dismissed from the lawsuit involving allegations of sexual assault, while Michael Bjorkman’s motion to dismiss was denied.

Real Luxury launches; United grows in Alabama; RE/MAX affiliate adds 3 firms; The Agency enters Niagara; ERA Carroll expands in WY; Compass woos top producer.

High-volume OC team returns to Compass; Redfin Next in 25 new markets; 7-office Corcoran affiliate merges with NJ firm; Christie's Real Estate enters Vietnam.

President and CEO Mark Willis called the move “unprecedented," and said the vote by the company’s agent-led IALC passed by an “overwhelming majority.”

The addition of Parks Real Estate and its 1,500 agents now makes Compass the biggest brokerage in the state.

Alex Vidal, who took the helm at ERA last June, thinks about real estate like he thinks about his athletic endeavors — you have to work through the challenges.

Largest Fort Worth independent chooses Real; New England's Portside Real Estate acquires boutique Maine firm; KW celebrates annual RED Day.

The company said despite the hit to its bottom line in Q1, the settlement will reduce uncertainties and let it focus on cost reduction and market expansion.

While revenue improved 10%, the company reported steep losses — but CEO Robert Reffkin was more focused on the future of buyer agents during the earnings call.

Even as net losses increase, Redfin’s CEO says the company is in a good place: “When you give people a better deal, they actually beat a path to your door.”

The company remains on a rapid-growth trajectory, but net losses also increased this quarter, largely due to a recent commissions lawsuit settlement.

The company is the 10th brokerage to agree to pay into a settlement fund, which is approaching $1 billion.