Anywhere posts $19M profit in Q2 following 2 quarters of losses

The world’s largest franchisor of residential real estate brands posted a profitable quarter for the first time since the 3Q22 despite reporting sagging revenues of $1.7 billion in line with expectations. Continue reading

Anywhere’s Cartus names veteran tech executive as president, CEO

Six months after Katrina Helmkamp’s retirement, Cartus has named Matthew Tebbe as its latest president and CEO. Tebbe will be responsible for “accelerating momentum” at the relocation brand. Continue reading

Bright MLS breaks with NAR policy on commissions

Starting Aug. 9, the nation’s second-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright. Continue reading

Keller Williams says ruling could hurt its defense in commission trial

The Sitzer/Burnett antitrust case is set to begin Oct. 16 but could be moved to February. The court denied the franchisor’s request to change the date because it conflicts with KW’s Family Reunion. Continue reading

The stories and trends that defined a whirlwind first half of 2023

Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past six months and could well define the remainder of 2023. Continue reading

MLS turns back on franchisors after settling commission case for $3M

Homesellers plan to use funds from MLS PIN, the largest multiple listing service in New England, to continue antitrust litigation against Anywhere, Keller Williams, RE/MAX and HomeServices. Continue reading

Anywhere Franchise Brands CEO: Are you using the wrong playbook?

Ahead of Inman Connect Las Vegas in August, Anywhere and Coldwell Banker executive Liz Gehringer told Inman that amid economic turmoil agents need to focus on their book of business. Continue reading

DelPrete: Legacy brokerages can no longer dismiss lower-fee models

For too long, Mike DelPrete argues, legacy brokerages shrugged off their low-fee competitors. Some of those barbs haven’t aged well. Continue reading

Compass nabs top-performing Coldwell Banker agent

Tacoma’s Margo Hass Klein joined Compass this week, according to the company. She’s the latest in a string of Coldwell Banker agents who decamped for Compass this year. Continue reading