Brokerage News

E&V opens new shops in SW Florida, Atlanta; Caribbean firm joins Christie's; eXp gains 82-agent team; Premier Sotheby's hires managing broker; more.

The company reported significant year-over-year declines, with revenue taking a nearly 25% hit — but numbers were much improved over Q1.

Despite a net loss of just over $4M, the company increased revenue by 65% and reported EBITDA profits for the first time, while also doubling agent count.

At a conference this week, Nick Bailey said the company’s value lies in its strong brand identity and agent experience — not downlines or profit sharing.

The brokerage lost $48 million in Q2 — an improvement after substantial losses in Q1 — and the company emphasized its free positive cash flow.

eXp gains 200+ agents from two brokerages; ERA and Century 21 add family-run affiliates; Engel & Völkers doubles SoCal presence; The Agency opens in Kelowna.

Amid falling revenue and elusive net profits, the company plans to pilot a program to give agents "the lion’s share of the commission on self-sourced sales."

The company reported a net income of $9.4 million, slightly below expectations, while its agent count grew by 7%.

The company's net income of $2 million was an improvement after losses in Q1, while revenue fell by more than 10% and U.S. agent count dropped by 6.3%.

Real gains billion-dollar SoCal firm; BHGRE celebrates 15 years; The Agency Nashville adds 5 agents; Entrepreneur Media names top real estate franchises.

While down year-over-year, revenue and income were up over the previous quarter, but the company missed expectations on earnings per share.

Dava Davin, whose firm did nearly $860M in sales volume in the past 12 months, believes a philosophy of altruism has helped her win clients — and agents.

Top Dallas team joins Real; C21 adds affiliates in Missouri, Colorado; Pacific Sotheby's Realty, BHHS, CB Warburg gain agents; The Agency adds design partner.

Mark A. McLaughlin is back at Compass as the company’s chief real estate strategist. He left the company in 2021 to pursue consulting opportunities.

The company's "right to list" agreements gained national attention in December, and civil and legislative actions are ongoing.

Natalie Grubb Campbell, who manages Village Properties alongside her mom, makes sure her agents are "equipped to handle any situation" in a changing market.

Christie's Sereno gains agent team; Dallas group joins RE/MAX; Premier Sotheby's Realty snags longtime CB leader; Engel & Völkers expands in Pittsburgh.

Mark Willis, who previously served as both president and CEO at KW, is rejoining the company to assist with its market center growth.

Shawna Alt, CEO of First Weber Realtors, believes that in hard times, agents should focus on what they can control, and leaders should celebrate small wins.

The country’s largest independent brokerage recently pulled out of IDX in the Cleveland area, touching off widespread discussion. Will its approach catch on?