Brokerage News

Many agents said they would make, or perhaps consider, a move if Compass and Anywhere merge — a possibility other brokerage leaders are keeping an eye on.

LPT burst onto the scene just three years ago and is already the 16th-largest U.S. brokerage. It has global aspirations and plans to go public soon.

The company called its balance sheet, with no debt and $143 million in cash, a “competitive advantage” as “others in the industry are pursuing consolidation.”

CEO Robert Reffkin signaled that Christie’s would serve as Compass’ “blueprint” for integrating Anywhere’s franchise brands and for further organic growth.

The brokerage and franchisor delivered 6% higher revenue, which Anywhere execs credited to increased luxury sales and retention of top agents.

Plus, C21 Circle enters Chicago; CB Yost gets a new owner; Elliman expands to France, Monaco; industry veterans join Revel in California, CB in South Carolina.

But the company reported an all-time high for its global agent count, with its international pool growing 9% year-over-year.

The company is also bolstering its AI offerings to “reduce manual or low-value processes across the organization,” execs said during a Q3 earnings call.

At NextHome, Charis Moreno is now CRO and Jim Fischetti is the new president of brokerage operations. Plus, Ashley Fidler becomes CPO at MoxiWorks.

Plus, North Carolina’s ERA Live Moore partners with Missouri firm; new master franchises at KW, RE/MAX; marketing pro joins The Agency; United agents save big.

Fannie Mae President & CEO Priscilla Almodovar has been replaced by a trio of executives at the GSE. Plus, Mischa Fisher will now lead Zillow’s economic team.

Windermere Co-President OB Jacobi explains what goes into an acquisition — including when it does — and doesn’t — make sense for companies to come together.

Plus, a $1B agent joins SERHANT; Atlanta team returns to eXp; Compass, Elliman welcome new teams; new offices at The Agency and Corcoran Horizon Realty; more.

Howard Hanna’s strategic expansion into Manhattan represents “Main Street coming into a Wall Street marketplace,” CEO Hoby Hanna tells Real Estate News.

A combination of major consolidations and a less cooperative environment could make residential brokerage look more commercial, eXp’s CEO warns.

Plus, C21 acquires an independent firm in Colorado; Compass adds a $450M Florida team; BHGRE brings in a new North Carolina affiliate; more.

Scott Durkin, who was removed from his previous brokerage during a leadership shakeup, will now work as a broker. Plus, KW VP Kendra Newman gets promoted.

How do you get through five years of disruption and change? Adapt quickly and embrace opportunities. In this 2-part story, see how three leaders have thrived.

The decade began with an unprecedented pandemic and housing market whiplash. In this 2-part story, see how three leaders grew their businesses through it all.

Plus, Baird & Warner nabs a veteran Chicagoland agent; ERA picks up a family-owned brokerage; Christie’s adds an affiliate in Italy; $100M agent joins CB; more.