Author Archives: Patrick Kearns

Another 6.6 million filed for unemployment last week

By Patrick Kearns | April 9, 2020 - 12:48 pm |April 9, 2020 Uncategorized

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More than 15 million Americans have filed for unemployment insurance since states began issuing stay-at-home orders. Continue reading →

EXp Realty lays off 15% of staff amid market slowdown

By Patrick Kearns | April 8, 2020 - 8:29 pm |April 8, 2020 Uncategorized

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Executives at the company are taking salary reductions in an effort to reduce company expenses as home sales across the country slow. Continue reading →

Compass launches customizable drip campaign platform

By Patrick Kearns | April 8, 2020 - 8:14 pm |April 8, 2020 Uncategorized

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Compass CEO Robert Reffkin calls ‘Action Plans’ the most significant CRM feature since the CRM’s launch. Continue reading →

KW regions held Zoom calls to help franchise owners adjust expenses

By Patrick Kearns | April 8, 2020 - 3:12 pm |April 8, 2020 Uncategorized

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Some franchise owners defended the practice of adjusting expenses to increase brokerage profits and reduce agent profit sharing for April. Continue reading →

Realogy and KW top T3 Sixty’s holding company and franchisor rankings

By Patrick Kearns | April 8, 2020 - 10:00 am |April 8, 2020 Uncategorized

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Redfin and RE/MAX had the most productive agents in 2019, according to the ranking. Continue reading →

EXp leader is stepping in to help virtual vendor subsidiary

By Patrick Kearns | April 7, 2020 - 7:51 pm |April 7, 2020 Uncategorized

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Glenn Sanford is going to be the chief strategy officer of VirBELA, after previously stepping back from the day-to-day of eXp Realty. Continue reading →

Redfin is furloughing 41% of its real estate agents

By Patrick Kearns | April 7, 2020 - 2:58 pm |April 7, 2020 Uncategorized

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The company announced it’s also laying off 7 percent of its staff in an SEC filing. Continue reading →

Compass hires former Tesla exec to manage customer experience

By Patrick Kearns | April 6, 2020 - 10:51 pm |April 6, 2020 Uncategorized

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Kate Pearson previously served in executive roles at Walmart and Cargo. Continue reading →

Keller Williams franchises consider reducing agent profit sharing

By Patrick Kearns | April 6, 2020 - 5:47 pm |April 6, 2020 Uncategorized

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A franchise owner confirmed to Inman that regional leadership at Keller Williams suggested rolling all expenses into April’s budget to enable them to hang on to more cash. Continue reading →

Stimulus package could create ‘chaos’ in mortgage industry

By Patrick Kearns | April 6, 2020 - 5:11 pm |April 6, 2020 Uncategorized

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A coalition of real estate and banking trade groups is calling on Congress to help banks with liquidity as they allow homeowners to forbear their mortgage payments. Continue reading →