BrokeragesRedfin leaves NAR: 'Enough is enough'In a note signed by CEO Glenn Kelman and other Redfin leaders, the company said “NAR isn’t the future.”AJ LaTraceOctober 2, 2023
BrokeragesPeople on the Move: Promotions at @properties, a retirement at MLS NowTwo @properties leaders, Liz Thompson and Nicole Konsler, have moved into VP roles; MLS Now CEO Carl DeMusz to retire after 23 years.Real Estate News StaffOctober 1, 2023
BrokeragesCloud-based brokerage iad lands in the USThe French company has over 20,000 agents across Europe and Mexico, and now it’s ready to stake a claim in the lucrative U.S. market.AJ LaTraceSeptember 29, 2023
BrokeragesBrokerage Beat: News from RE/MAX, C21, ERA, Christie's, moreRE/MAX snags 165-agent firm; Century 21 grows in Long Island, Chicago; The Agency expands in Montana; Real enters Vermont; Christie's opens in Park City; more.Real Estate News StaffSeptember 29, 2023
BrokerageseXp exec talks rev share, ‘attraction’ and agents’ No. 1 jobChief Growth Officer Michael Valdes says eXp doesn’t “recruit” agents in a transactional sense, but seeks to “attract” for long-term growth and success.AJ LaTraceSeptember 29, 2023
BrokeragesTeams on the Move: @properties, KW, Compass gain teamsChicago duo takes North Shore business to @properties; No. 1 New Orleans agent joins Keller Williams; Compass team increases brokerage's Milwaukee presence.Real Estate News StaffSeptember 28, 2023
BrokeragesCompass lands $5 billion firm in Central TexasThe acquisition of Realty Austin and Realty San Antonio will significantly boost Compass' annual sales volume in Texas.Dave GallagherSeptember 27, 2023
BrokeragesPeople on the Move: NAHREP names CEO at new builder org; Real hires finance VPGeorge Carrillo will take on the top role at the newly launched National Hispanic Construction Alliance; Ravi Jani joins Real as VP of investor relations.Real Estate News StaffSeptember 25, 2023
BrokeragesBrokerage Beat: News from Christie's, RE/MAX, Real, CompassChristie's heads to Austin; RE/MAX adds franchise in Mass.; boutique Lafayette firm joins Real; Compass nabs $1 billion SoCal firm; John R. Wood upsizes.Real Estate News StaffSeptember 23, 2023
BrokeragesMV Realty files for bankruptcy amid legal turmoilThe brokerage, which offered homeowners cash in exchange for a 40-year right-to-list agreement, has been bogged down by lawsuits and investigations.Robert Davis, Stephanie Reid-SimonsSeptember 22, 2023
BrokeragesPeople on the Move: Christie's elevates 2 execs to presidentFormer president Chris Lim moves into an advisory role, while EVPs Natalie Hamrick and Kevin Van Eck will share the top leadership position. Real Estate News StaffSeptember 19, 2023
BrokeragesRE/MAX makes $55 million deal to settle commission lawsuitsThe settlement agreement leaves NAR, HomeServices of America and Keller Williams as defendants with an Oct. 16 trial date looming.Dave GallagherUpdated September 18, 2023
BrokeragesBrokerage Beat: CB gains influencer; E&V, The Agency expand in the West; moreColdwell Banker nabs LA agent with massive social presence; TTR Sotheby's, BHHS Chicago, CB Warburg add agents; RE/MAX gains indie; more.Real Estate News StaffSeptember 16, 2023
BrokeragesEngel & Völkers names new Group CEOCurrent CEO Sven Odia will shift to the role of president as he supports Jawed Barna's transition in November. AJ LaTraceSeptember 15, 2023
BrokeragesWhy Real’s president says they don’t do ‘downlines’They've structured the brokerage to avoid silos, which makes Real's rev share model better for agents and teams, says Sharran Srivatsaa.AJ LaTraceSeptember 15, 2023
BrokerageseXp lands billion-dollar brokerage in New EnglandBean Group, which serves Maine, New Hampshire, Massachusetts and Vermont, has joined eXp thanks to new incentives aimed at recruiting large teams.AJ LaTraceSeptember 12, 2023
BrokerageseXp aims to ‘accelerate’ rev share for new agentsThe company has retooled its revenue share program to make it easier for newer agents to benefit from it — and to help its recruiting efforts. AJ LaTraceSeptember 11, 2023
BrokeragesBrokerage Beat: News from The Agency, RE/MAX, EXIT, eXp, E&VThe Agency drafts former NFL stars, adds to development group; RE/MAX firm acquires large team; EXIT expands in the South; NY team joins eXp; E&V enters Belize.Real Estate News StaffSeptember 8, 2023
BrokeragesReal unveils 'very valuable' shift in rev share program“A lot of agents are going to make more money,” says CEO Tamir Poleg as Real reduces the threshold to move up in its rev share structure. AJ LaTraceSeptember 6, 2023
BrokeragesAnywhere reaches settlements in landmark commission lawsuitsThe company and plaintiffs informed the judges that a preliminary settlement has been reached, ending two potentially damaging trials for Anywhere.Dave GallagherUpdated September 19, 2023