The real estate brokerage and franchisor posted $5.6 billion in revenue during a grueling 2023 while losses improved to $97 million, according to a full-year earnings call on Thursday morning. Continue reading
Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023. Continue reading
Former Capital One executive Rudy Wolfs is Anywhere’s new chief technology officer. As CTO, Wolfs will lead the franchisor’s tech and product strategy, which includes recruiting more tech talent and streamlining the company’s suite of products for brok… Continue reading
The complaint — one of nearly two dozen targeting real estate’s long-standing commission-sharing structure — alleges that “most” buyer agents will steer clients away from listings that offer a lower commission. Continue reading
Joseph Lenz is a managing director and co-head of research at TPG Angelo Gordon. He becomes the 13th member of Anywhere’s board this week after the franchising giant added a seat. Continue reading
Mitchelson will work with the Corcoran Affiliate Network’s sales team to lead strategic growth through the addition of new Corcoran affiliates. Continue reading
The Anywhere CEO challenged individual leaders to step up, rather than be dependent on NAR to lobby for the industry in Washington. He added that the most important thing for leaders today are vision and attitude. Continue reading
The new lawsuit — the second filed in California this week — takes aim at rules enacted and enforced by MetroList and complied with by some of the nation’s biggest real estate firms. Continue reading
An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000. Continue reading
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn’t the only lawsuit with commissions in the crosshairs. Continue reading