Brokerage News

Top companies and MLSs outside the settlement can take part in a streamlined process to pay into a fund — but it could cost millions.

In a new compensation report, eXp said it paid agents and brokers nearly $198 million in revenue share and $34.7 million in EXPI shares.

The brokerage said the program, which launched as a pilot in September, is “good for our customers, our agents and our growth as a brokerage.”

CEO Mark Willis adds “president” to his title and confirms that about 30 people have been let go from the company.

Kamini Lane, who took the helm less than a year ago, has reshaped her leadership team and sharpened her focus on empowerment and making a positive impact.

United gains 1,500-agent firm; Compass adds top Pittsburgh team; The Agency opens in Hilton Head; moves at CB Warburg, John R. Wood Christie’s, E&V Gestalt.

Fourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.

Hanna was removed from Batton 2, marking the second time this year that the family-owned brokerage has been dropped from a buyer-broker compensation case.

In an amended complaint, plaintiffs in a sexual assault case describe the defendants’ roles in the misconduct and ask for a new trial date.

Top broker moves to E&V Kirkland; Corcoran lands Espinal Adler Team in NYC, launches in Mass.; NY “Super Brokers” join Compass; The Agency open in Mexico City.

C21 President and CEO Mike Miedler says growth is more than numbers, it’s creating opportunities for the future — and being “ready, willing and able to grow.”

Zillow’s Listing Showcase product will be available only to Hanna agents in the Cleveland and Pittsburgh metros.

Mark Willis challenged KW Family Reunion attendees to own their full potential and get back on a growth trajectory after a tough year.

CEO Glenn Kelman highlighted new programs and told investors the company isn’t interested in an ad war: “Our basic thesis is that the best product wins.”

Revenue dipped, but Compass managed to gain more than 1,000 agents in 2023 and cut losses for the year nearly by half.

Keller Williams’ charismatic co-founder kicked off the Family Reunion event with his hot takes on the housing market “winter” and how to get through it.

The plaintiff, who paid a 2% commission, argues in the filing that “a truly competitive rate for buyers’ agents would in fact be 0%.”

Corcoran grows in Houston; RE/MAX adds WY offices; C21 gains Denver affiliate; TN firm joins BHGRE; Livian adds 4 teams; The Agency opens in Halifax & Jamaica.

Losses rose as revenue, U.S. agent count dropped. After a leadership shakeup, CEO Erik Carlson said having "the right people" is "vital to our future success."

The company said its "decision to offboard a significant number of unproductive agents" in Q4 was offset by "excellent" retention of strong producers.