Redfin eliminates salaries, pivots to commission model in LA and SF

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Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program. Continue reading →

Real caps its RISE event by announcing more agent benefits

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At Real Brokerage’s 2023 RISE event in San Diego, the fast-growing brokerage announced a number of financial benefits for agents. Continue reading →

Tom Ferry podcast video delivers fresh drama at Sitzer | Burnett trial

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On Tuesday, plaintiffs’ attorney Michael Ketchmark played a video of a Tom Ferry interview with Allan Dalton of Berkshire Hathaway HomeServices that drew objections and threatened to derail proceedings. Continue reading →

First Team sheds Christie’s affiliation, names new CEO

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The largest privately held brokerage in the state of California has decided to separate from Christie’s International Real Estate, launch a rebrand and promote former COO Michele Harrington to CEO, Inman has learned exclusively. Continue reading →

The activity with best ROI? It’s old-school networking, Intel poll shows

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Agents are doubling down on networking to drive business in tough times, according to results from the Inman Intel Index, excerpts of which are available to Select subscribers for the first time. Continue reading →

CoStar posts 50th-straight quarter of revenue growth in Q3 earnings

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CoStar Group earned $625 million in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted a 1,290 percent annual growth in Homes.com traffic. Continue reading →

Rocket subsidiary Lendesk launches mortgage AI assistant

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Lender Spotlight AI Assistant sifts through the finer points of more than 7,000 mortgage options to help brokers identify the right product and answer clients’ questions. Continue reading →

Buffett, Munger foresee ‘hollowed out’ downtowns on the horizon

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Billionaire investor Warren Buffett and business partner Charlie Munger see long-term distress in commercial real estate, which could spell trouble for lenders and opportunity for investors. “The buildings don’t go away,” Buffett said. Continue reading →

RealScout Pro+ is company’s ‘most significant update since launch’

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The platform update is called RealScout Pro+, and it’s highlighted by Auto Nurture, a functionality that will automate outreach efforts to new and previous CRM entries. The intent is to stimulate scaling for teams and agents as the industry trudges thr… Continue reading →