EXp cites ‘volatile housing market’ for double-digit sales decline in Q4

EXp World Holdings’ revenue increased 13 percent to $933 million in Q4 2022 as closed transaction sides and volume fell by 13 percent and 16 percent, respectively, according to an earnings call Tuesday afternoon. Continue reading

Compass revenue falls in Q4 — but losses narrow despite ‘difficult year’

In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11 billion in revenue, down from $1.6 billion during the same period in 2021. Continue reading

Helping new buyers get ‘invested’ in real estate

When working with buyers, take that conversation one step further, and share what you know about the different investment opportunities in real estate. Continue reading

ChatGPT’s take on commissions, compliance and the MLS

RESO CEO Sam DeBord asks the latest in artificial intelligence, OpenAI’s ChatGPT, what it thinks about compensation in the MLS. Here’s what you should know. Continue reading

Zillow gets vote of confidence from JP Morgan analysts

Analysts gave Zillow an “overweight” rating, which means they expect Zillow to outperform peer companies. The report also sets Zillow’s share price target at $48 by December of this year. Continue reading

The Agency expands into Outaouais region of Quebec

With the new location in Outaouais, the luxury brokerage continues to strengthen its reach across Canada. This marks The Agency’s 13th office located throughout the provinces of Quebec, Ontario, Alberta and British Columbia. Continue reading

Former KW CEO slams Gary Keller, calls brokerage ‘criminal enterprise’

Former Keller Williams CEO John Davis says he wants his claims decided through a public trial rather than arbitration. KW says Davis’s claims are “unsubstantiated, unwarranted, and disparaging.” Continue reading

Brad Inman: Decision-makers, not experts, will forge real estate’s path

The Inman founder kicked off Disconnect in Palm Springs, California, on Monday by calling on real estate leaders to deliver a path forward through the rough patches ahead. Continue reading

BHHS CEO Christy Budnick is ready to dive into the spring market

As “motivator and chief encourager” of Berkshire Hathaway HomeServices, Budnick said she’s bullish about the upcoming year. Agents who get down to business will thrive, she added. Continue reading

Quitting time? How brokers can help cash-strapped agents survive

In a market where listings are still scarce, a mid-career agent is having difficulties. What can the broker do for an agent in this position, who is completely strapped for cash? Continue reading