Baton Holdings, the successor company to financial services and marketing company Bankrate, has agreed to pay $28 million in fines to resolve a government investigation into accounting and a securities fraud scheme carried out by former executives. Continue reading
Keller Williams company-wide purge of, “ghost agents” immediately dropped the franchisor’s agent count by nearly 11,000, according to company earnings. Continue reading
Leading Edge Real Estate, a Boston indie that split from RE/MAX Integra is suing its former franchisor for what it’s calling a “predatory recruiting” campaign in violation of franchise agreements, in the wake of the divorce. Continue reading
With 2 million transaction records ingested every quarter, Realogy has a stark advantage over its competitors in the form of a robust data trove it uses to sharpen agent recruiting, company CEO Ryan Schneider said during a presentation Wednesday in New… Continue reading
APR president Mike Hulme vowed to agents in a company-wide memo in August of 2018 never to “impede your business by forcing you to change brokerages,” a clear swipe at Compass. Continue reading
Fresh off the heels of a record-setting year, Sotheby’s International Realty announced Tuesday plans to consolidate the franchise and company-owned businesses under a single umbrella. Continue reading
In a letter obtained by Inman, Mike Hulme, APR’s president, wrote about the Compass acquisition and what it means for Alain Pinel’s 1,400 agents. Continue reading
Compass is acquiring Alain Pinel Realtors (APR), according to multiple sources who spoke today with Inman and wished to remain anonymous. The acquisition will further the Compass stranglehold on the San Francisco Bay Area market. Continue reading
A New Jersey District Court Judge dismissed last week, an antitrust lawsuit that alleged Zillow impacted competition by concealing the Zestimate on homes listed by certain brokerages. Continue reading
The percentage share of veterans and active duty servicemembers that applied for a first-time home loan partially guaranteed by the U.S. Department of Veterans Affairs (VA) nearly doubled in the run up to the financial crisis, a new study out today fro… Continue reading