EXp promotes Troy Palmquist to VP of growth and product marketing

Industry veteran and DOORA co-founder Troy Palmquist has been promoted from eXp’s director of growth to the VP growth and product marketing. Palmquist joined eXp in 2023. Continue reading

Aven lands $142M in funding to take HELOC credit card nationwide

Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures. Continue reading

MoxiWorks laying off employees 1 month after replacing CEO

Real estate marketing and technology company used by more than 400,000 agents nationwide hired AI startup executive Eric Elfman in June to replace founder York Baur as CEO. Continue reading

NAR membership dips as Realtors report closing fewer deals in 2023

NAR’s 2024 Membership profile shows the impacts of a difficult market on real estate professionals — many of whom are contending with issues related to affordability and inventory. Continue reading

Final Offer buys North American operations of Openn Negotiation

The acquisition will allow Final Offer, a platform for managing and negotiating offers, to provide a “transparent and straightforward experience when buying and selling a home,” executives said. Continue reading

3rd round of layoffs at Newrez brings 2024 job cuts to 750

After cutting nearly 500 jobs after Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida. Continue reading

Feds want to expand their control over real estate sales to foreigners

A proposal would expand an existing rule and give the “Committee on Foreign Investment in the United States” power to review real estate sales near 56 military installations in 30 states. Continue reading

REColorado buyer unveiled as questions and legal fights persist

The owners of the 16th largest MLS in the country plan to sell to a title company executive. But an agent and local leader has received a cease and desist letter over her criticisms of the deal. Continue reading

RE/MAX picks up hundreds of agents in Ontario, Canada

An independent brokerage and a former Century 21 franchise just switched affiliations to RE/MAX. The moves come during a time of intense competition for talent. Continue reading

REColorado owners oust board amid plans to sell MLS

Owners of the 16th largest MLS in the country plan to sell to a newly formed private company called MAZL that is run by a person identified only as J. Burks. Continue reading