Realogy CEO explains the problem with big agent signing bonuses

Realogy CEO Ryan Schneider is wary of chasing agents with big signing bonuses because he’s not sure the return on investment is there, he explained at the Keefe, Bruyette & Woods Real Estate Finance & Asset Management Conference on Thursday. Continue reading

Redfin: Warren’s debt cancellation plan would help Millennial homebuyers

Senator Elizabeth Warren’s student debt plan could have major repercussions for the housing industry, according to a new study from real estate brokerage Redfin.  Continue reading

Better Homes and Gardens Real Estate goes capped, taking on KW

Better Homes and Gardens Real Estate’s franchise business is moving to a capped fee model, where franchisees pay a royalty fee capped at a set amount per annual agent sales. It’s the only Realogy franchise business that will be operating outside the 6 … Continue reading

KW franchise in Missouri fined for dozens of licensing violations

Keller Williams Realty Chesterfield, a Missouri-based Keller Wiliams franchise, was fined $10,000 and its associate broker Rebecca Reich Rose was placed on a two-year probation period for numerous instances of unlicensed real estate activity and other … Continue reading

Century 21 Beachside and Coldwell Banker Beachside are shutting down

Tom Denny, the longtime owner of both residential brokerage franchises, plans to retire, he told Inman. That means all the more than 550 agents who presently hang their hats across the 10 offices maintained by the two brokerages will be looking for new… Continue reading

Tornadoes tear through western Ohio, killing 1 and leveling homes

Tornadoes and catastrophic weather tore through western Ohio late Monday into early Tuesday, striking the city of Dayton, Ohio, and killing at least one individual. Continue reading

US home prices continued to grow in March — but sluggishly

Home prices in the U.S. grew at a 3.7 percent annual rate in March, down from the previous month’s 3.9 percent, according to Case-Shiller. Continue reading

Owners.com is seeking to hire salaried agents in some markets

Owners.com, a former for-sale-by-owner search site turned tech-focused brokerage, is making the switch to employee agents, according to job listings in multiple markets. Continue reading

Engel & Völkers launches in Brooklyn amid luxury real estate boom

Global luxury real estate brand Engel & Völkers announced Thursday it’s entering the Brooklyn market with three new offices led by Donald Brennan, a longtime residential real estate leader in New York City.  Continue reading