Is Compass worth $4.4 billion, and is it being valued as a traditional brokerage or a technology company? Mike DelPrete takes a look at the company’s valuation, revenue, transaction volume, agent count and profitability. Continue reading
NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. They are also shedding more and more poor perfo… Continue reading
Realogy, Keller Williams, HomeServices of America and RE/MAX filed a motion on May 17 to dismiss the class action lawsuit filed by homeseller Christopher Moehrl seeking to upend the traditional commission structure in the real estate industry. Continue reading
At the Inman Connect New York 2019 conference, Realogy CEO Ryan Schneider and Compass CEO Robert Reffkin took to the stage to discuss their differing visions for the residential real estate market going forward. Continue reading
The team in Scottsdale had been working on realtor.com’s lead generation and marketing products, which are geared toward real estate agents. Now, all those sales efforts at realtor.com will be consolidated into an office in Westlake Village, California… Continue reading
Redfin Direct, a pilot program that allows consumers to make direct offers on homes listed by real estate brokerage Redfin online without being represented by a buyer’s agent, is violating a regulation regarding agency disclosure, according to a Massac… Continue reading
Regardless of what type of brokerage you belong to, culture makes a big difference in how a business operates. In fact, a company’s culture can make or break its success. How do you find a culture that’s right for you? Regular Inman contributor and ind… Continue reading
Los Angeles-based WSA Real Estate operates in the tony western half of Los Angeles. Team members are now decamping for Compass, which is not acquiring the entity itself. Continue reading
The U.K.-based discount brokerage launched in the U.S. in 2017 and has had a massive turnover in leadership roles in recent months. Continue reading
Long-time rivals Zillow and Redfin have finally made peace — over one issue at least — and struck a deal that allows the former to directly host the latter’s listings in four U.S. cities. Continue reading