BrokeragesRedfin cuts more than 200 positionsThe brokerage's real estate support division was the hardest hit in this third round of layoffs since June.Cheryl Reid-SimonsApril 13, 2023
BrokeragesBrokerage Beat: News from Compass, C21, SERHANT., Real, ERA Doty, BHHS PenFedCompass nabs AZ brokerage, Century 21 gains NY affiliate, SERHANT. adds 6 new markets, Real reaches 10k agents, ERA Doty expands, BHHS PenFed acquires Arista.Real Estate News StaffUpdated April 8, 2023
BrokeragesBrokerage Beat: Innovation winners, affiliations, and moreRE/MAX, @properties, BHGRE add affiliates; NextHome, KW, Anywhere recognized for innovation; eXp gains NC team; The Agency expands; E&V opens new shops.Real Estate News StaffUpdated April 1, 2023
BrokeragesKamini Lane takes on top role at Coldwell BankerLane, previously brokerage president of Sotheby's Realty, steps into the role vacated by Ryan Gorman in December.Dave GallagherMarch 20, 2023
BrokeragesIndustry icon Wes Foster, co-founder of Long & Foster, has diedWes Foster, known for his integrity and "larger than life presence," said he was most proud of growing Long & Foster from humble beginnings into a major player.Cheryl Reid-SimonsMarch 18, 2023
BrokeragesBrokerage Beat: News from The Agency, ERA, Side, Christie's, LeadingRE and E&VThe Agency adds a new Canada office, ERA grows in Aspen, Side partners with two NorCal firms, Christie's team closes $47M sale, and more news.Real Estate News StaffUpdated March 17, 2023
BrokeragesReal posts net loss for 2022 but sees a turnaround comingDespite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.Dave GallagherMarch 16, 2023
BrokeragesAnywhere CEO sees opportunities, advantages of scaleRyan Schneider, leader of one of the largest real estate enterprises, believes the company will benefit from continued investments, even in a downturn.Dave GallagherMarch 16, 2023
BrokeragesLong & Foster CEO, brokerage president resignCEO Jeff Detwiler left after nearly 14 years with Long & Foster, along with Boomer Foster, the founder’s nephew. Two company vets have moved into their spots.Stephanie Reid-SimonsMarch 13, 2023
BrokeragesKW reports modest growth in agent count, lower sales volume in 2022The franchise is approaching 200,000 agents worldwide and reported gains in its global markets, as U.S. and Canada numbers dipped.Amie FisherMarch 13, 2023
BrokeragesWho’s No. 1? See which companies held on despite the downturnT3 Sixty’s ranking of the top real estate companies includes Compass, Keller Williams, Anywhere and other repeat leaders — plus a few surprises.Amie FisherMarch 13, 2023
BrokeragesBrokerage Beat: Growth in Canada, Cyprus, Caymans, Caribbean and moreThe Agency adds third Toronto office, Realty ONE opens in Cyprus and Caymans, Christie's expands to St. Croix, Great Life joins Real, Mainframe RE touts tech.Real Estate News StaffUpdated March 11, 2023
BrokeragesDouglas Elliman quarterly revenue down 40% from year beforeThe luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.Amie FisherMarch 10, 2023
BrokeragesHow Corcoran grew from a boutique brand to a global presenceFor most of its 50 years, Corcoran was a regional player. But in 2020, its affiliate network took off, and “it’s just the beginning of the story.”Amie FisherMarch 10, 2023
BrokeragesAgent count up, offsetting losses for top Canadian brokerage companyBridgemarq Real Estate Services reported revenue of $49.9 million in 2022 and added more than 500 agents.Stephanie Reid-SimonsMarch 9, 2023
BrokeragesBrokerage Beat: Expansions in the heartland, coasts, Caribbean and ItalyHoward Hanna merges with Coach, BHHS enters the Caymans, Sotheby's Realty expands in Finger Lakes, E&V grows in Ohio and Tulum, Corcoran enters Italy, and more.Real Estate News StaffUpdated March 7, 2023
BrokeragesTeams on the Move: 'Tampa Unites' at eXp; Real, KW and Compass make gainsThe latest movers: A trio of Tampa teams join eXp, Jason Martin Group moves to Real, Ken Pozak returns to KW, Brian Pistorius Group joins Compass.Real Estate News StaffUpdated March 4, 2023
BrokeragesRE/MAX conference looked at lessons from the past, goals for the futureFounder Dave Liniger encouraged attendees to focus on growth and adaptability, while CEO Nick Bailey said agents shouldn't be afraid to "get loud."Linda F. HerseyMarch 3, 2023
BrokeragesBrokerage Beat: The Agency, BHGRE, JPAR and EXIT expandThe Agency extends global reach, BHGRE grows in three states, JPAR comes to the Bay Area, EXIT aims for "aggressive growth," KW agent opens boutique brokerage.Real Estate News StaffMarch 1, 2023
BrokeragesCompass revenue down, but Q4 losses improveRevenue was $1.1 billion, down 31% compared to Q4 2021, but cost-cutting measures may be stemming the tide of losses.Linda F. HerseyFebruary 28, 2023