Coldwell Banker CEO talks leaving the company, says established brands survive recessions

Current Coldwell Banker CEO Charlie Young said Thursday that he plans to leave his company next year but also argued that the firm is well-positioned to thrive even if a recession hits in the near future. Continue reading

Coldwell Banker CEOs: iBuyers will be a ‘small component’ of the marketplace

CHICAGO — Both the outgoing and incoming CEOs of Coldwell Banker agreed Thursday that iBuying will be a “small component” of the real estate marketplace in the future, though they also said that disruptors offer valuable insights for … Continue reading

A VC firm that backed Compass is betting on a new startup

Prevu, a New York City-based startup brokerage and platform, just closed a $2 million seed funding round. The round was led by Corigin Ventures, a seed venture firm that’s also backed Compass, Transfix, Latch, ClassPass and Wheels Up. Continue reading

Realogy calls Compass allegations ‘sensational’ and ‘not true’

In an internal email, Realogy CEO Ryan Schneider insisted his company never explored a sale and called Compass’ claims an attempt “to inspire sensational news coverage.” Continue reading

Compass accuses Realogy of exploring sale, files motion to dismiss lawsuit

On Friday, Compass asked a judge to dismiss a Realogy lawsuit that alleges it practiced “illegal schemes” and accused the industry giant’s CEO of exploring a possible sale of his company. Continue reading

Inman News quiz: Think you’re on top of the week’s biggest stories?

The real estate industry threw some curveballs. Take Inman’s real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week. Continue reading

Agent in Compass team mutiny lawsuit files countersuit

A Washington, D.C., Compass agent who was accused in a lawsuit earlier this year of mutinying and trying to steal her former team leader’s business has hit back, denying any wrongdoing and filing a countersuit for millions of dollars. Continue reading

Former Realogy exec temporarily barred from Compass’ alleged ‘dummy’ job

A New Jersey judge granted a temporary injunction in a Realogy-filed lawsuit against a former executive who attempted to flee to Compass, allegedly in violation of his restrictive covenant agreement (RCA). The judge ruled that Compass was complicit in … Continue reading

Realogy continues its ride on the stock market rollercoaster

Investment research firm Zacks on Tuesday downgraded Realogy’s status from ‘hold’ to ‘sell’ after its stock dropped to $4.52 per share. Continue reading

Clients allege Compass is no longer supporting Contactually

Multiple clients of customer relationship management tool Contactually are dismayed over the lack of support the company is providing existing clients since it was acquired by brokerage Compass in February. Continue reading