How brokerages can set themselves up for profitability early

Profitability requires more than an eye on the bottom line, according to The Agency’s Mauricio Umansky. You also need to focus on agents and maintain an overarching brokerage vision. Continue reading

Side’s Guy Gal: We’re organizing the boutique broker rebellion

Big five brokerage brands are an evil empire that doesn’t create value for agents or consumers and will ultimately be defeated, the company’s co-founder and CEO said at Inman Connect Las Vegas. Continue reading

WATCH: Marc King and Nick Bailey trade jokes at Connect Las Vegas

RE/MAX CEO Nick Bailey and Keller Williams President Marc King, two of real estate’s highest profile leaders, teased each other on stage, then counseled agents to focus on fundamentals. Continue reading

Homebuyer activity shows pulse as mortgage rates dip below 5%

Redfin’s Homebuyer Demand Index rose 7 points during the last week of July, while mortgage purchase applications rose for the first time in five weeks, according to new data released Monday. Continue reading

The Agency taps former Compass exec as Los Gatos managing director

Jeff Barnett brings 30 years of real estate experience to his new role as managing director in Los Gatos, California, most recently serving as vice president and managing director at Compass. Continue reading

Opendoor is in $62M worth of legal trouble: The Real Word

This week, Byron Lazine discusses Opendoor’s recent $62 million settlement of its legal troubles with the FTC plus a flawed study of DOM. Continue reading

In earnings twist, most real estate companies avoided the worst in Q2

Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to turn a profit and stave off ruin. Continue reading

The shifting market is an opportunity. Here’s how to seize it.

Committed, full-time agents should not feel threatened by a slowdown. It’s an incredible opportunity to gain market share — so long as you take steps to prepare. Continue reading

Industry warned to prepare for $40B hit on commissions

Buyer’s agents, and the ecosystem of companies that provide services to them, would bear the brunt of legal challenges to the traditional commission structure, Brian Boero said at Inman Connect. Continue reading