Brokerage News

Agent count has also continued to decline, and CEO Erik Carlson said they are looking at all aspects of their business in preparation for an industry rebound.

Preliminary approval of the deal was granted on Aug. 8, with a final hearing set for Nov. 26. Plus, Batton 2 plaintiffs respond to motions to dismiss.

The company reported strong Q2 numbers, noting that its rev share model and tech will continue to give it an edge, while “traditional models may struggle.”

CEO Glenn Kelman says the company's lower-fee model will attract consumers who are now more aware of commissions: "We can use price as a weapon to gain share."

A court filing indicates that Chicago-based At World Properties is nearing a deal in a lawsuit brought by an Illinois homebuyer.

The brokerage, which received praise for its new buyer and seller agreements, is sharing forms and scripts related to concessions and buy-side compensation.

A noteworthy United Real Estate merger in Dallas; Windermere appoints a new economist; Engel & Völkers agents get access to new design tools.

A $20 million payment on its commissions litigation settlement takes a bite out of cash flow but cost-cutting efforts yield $30 million in savings.

eXp showed growth in revenue and transactions as execs pitched the company’s value prop ahead of August 17 rules changes mandated by the NAR settlement.

The brokerage also reported double-digit growth in transactions and agent count, in part due to significant acquisitions this spring.

Century 21 adds affiliates on two coasts; Real nabs Chicago team; 60-year-old Colorado indie expands; E&V opens New Orleans shop; Side and Compass make gains.

The profit-share program, which made headlines last year after the company proposed changes, hit a new milestone with the multibillion-dollar figure.

Former eXp Chief Growth Officer Michael Valdes will spearhead the international expansion of LPT Realty, which he says is perfecting the model eXp pioneered.

Compass gains teams in New Jersey and Florida; E&V opens in Portland; CB Warburg adds agents; Century 21 marks third year of global giving initiative.

Buyers who sign agreements with the nation’s largest family-owned brokerage — and use its mortgage services — will get a 0.5% credit when their loan closes.

The TV star and founder of The Agency says running an association is “a pain” but sees opportunities to improve the agent experience and “fragmented” MLS space.

The two brokerages announced settlements in the Gibson/Umpa case on Monday, while several other firms filed motions to dismiss.

Michael Saunders has always been driven, building her brokerage into a multibillion-dollar company with the goal of making a difference.

Lamacchia grows with MA acquisition; Real reaches 20k agents; RE/MAX gains 60-agent firm; C21 franchise and Florida indie merge; eXp joins Fortune 1000; more.

RE/MAX gains another large Ontario firm; ERA Prime acquires Michigan indie; Sotheby's Realty expands in the Central Valley; Christie's RE grows in Belgium.