Tag Archives: brokerage

Compass recommits to North Dallas with new office space

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The brokerage has signed a lease for a 14,000-square-foot office space in the recently redeveloped HALL Park in Frisco, Texas, in a commitment to future growth in the region. Continue reading →

Douglas Elliman posts mounting losses, declining revenue in Q3

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The New York-based brokerage reported consolidated revenues of $251.5 million in Q3, a drop from the third quarter of 2022 when it tallied $272.6 million in revenue, according to an earnings call Wednesday. Continue reading →

The verdict is in: 4 key realities in the emerging market

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With the coming appeal, writes team leader Carl Medford, it will be some time before the final verdict is reached. However, there are four key realities that you can expect to see in the days that lie ahead. Continue reading →

Sitzer litigation: What agents need to hear from you now

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According to CEO Dan Stewart, the way you communicate with clients and agents right now will set you up for success as buyer commission litigation continues to unwind. Continue reading →

Compass trims losses, improves cash flow despite Q3 revenue dip

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The brokerage saw revenue fall 10 percent year over year, but also managed to cut net losses from $154 million in the third quarter of last year to $39 million this time around, according to a Q3 earnings call Monday. Continue reading →

Distance yourself from disaster. 10 to-dos in the wake of Sitzer

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Do you feel like NAR is playing a game of chicken with your business? You’re probably not alone, writes Rachael Hite. Here are 10 action steps you can take right now to build sustainability into your business. Continue reading →

EXp maintains profitability as revenue declines 2% to $1.2B

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EXp World Holdings’ revenue declined 2 percent annually to $1.2 billion in the third quarter, according to a call on Thursday. The company held onto its profitability, with net income reaching $1.4 million. Continue reading →

RE/MAX sees revenue decline for 5th consecutive quarter

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Amidst challenging market conditions, the real estate franchisor’s total revenue was down 8.7 percent year over year to $81.2 million, coming just shy of analysts’ expectations. The company also suffered a net loss of $59.5 million. Continue reading →

Redfin posts profitable Q3 despite another quarter of falling revenue

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The company posted profits of $98.3 million, up 8 percent from the third quarter of 2022, while tallying $269 million in revenue, a decrease of 12 percent from a year ago, according to third-quarter earnings Thursday. Continue reading →