Keller Williams offloads mortgage division to Mutual of Omaha

Mutual of Omaha Mortgage has acquired Keller Mortgage for an undisclosed amount, according to an announcement on Monday. Keller Williams will retain an ownership stake in the company. Continue reading

A 3rd generation Black entrepreneur on branching out on her own

As we celebrate Black History Month, find out how this trail-blazing family created three generations of real estate excellence. Hawaii broker-owner Joyce Wright Funk traces their impact on the industry. Continue reading

Are couples moving in together just to save money? The Real Word

This week, Byron Lazine and guest host Lisa Chinatti discuss the tax on single renters, agent dress codes and the state of inflation in Left, Middle, Right.  Continue reading

Gary Keller on ChatGPT, iBuyers and companies that ‘rent’ their tech

Keller headlined his company’s Family Reunion conference Sunday, saying that he doesn’t think flashy new artificial intelligence tools are on the verge of upending the real estate industry. Continue reading

Motto Mortgage opened offices at a record pace in 2022 as sales slowed

Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6 million fourth-quarter net loss. Continue reading

Berkshire Hathaway taps former Compass COO as strategic adviser

Brent Thomson has been hired as a strategic adviser for Berkshire Hathaway HomeServices Drysdale Properties as the company looks to expand its presence in California and Nevada. Continue reading

Redfin opens up Redfin Premier luxury services to homebuyers

Redfin Premier services will now be available to homebuyers across 28 markets. The brokerage also announced new designs for its Redfin Premier Agent profiles and listings. Continue reading

Nearly two-thirds of brokerage sites aren’t displaying commissions

Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined. Continue reading

A volatile housing market slices at RE/MAX’s Q4 revenues, profits

RE/MAX Holdings’ total revenue decreased 8.9 percent year over year to $81.3 million during the fourth quarter due to diminished broker fee revenue, a 1.9 percent drop in its North American agent count and costs related to increased recruiting incentiv… Continue reading

Redfin sees revenue fall, losses mount amid tough market in Q4

The portal and online brokerage saw revenue fall 25 percent year over year during the fourth quarter of 2022, and lost a total of $61.9 million, according to an earnings call Thursday afternoon. Continue reading