Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it? Continue reading
Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy Continue reading
The Bean Group is the first team to join eXp Realty via the brokerage’s new Boost program, which provides financial incentives to independent recruits, according to an announcement Tuesday. Continue reading
The Virginia Corbett Home Team includes 16 agents and five staffers. The team’s move to eXp comes as brokerages across the U.S. compete for top talent. Continue reading
The franchisor will drastically slash profit share for “vested KW agents who actively compete with our brokerages” unless they return within six months, Keller Williams President Marc King said Tuesday. Continue reading
During an Inman Connect panel on Wednesday, Compass’ CEO argued the brokerage’s in-person philosophy gives it an advantage over rival firms “charging the least and giving you the least.” Continue reading
EXp’s revenue fell 13 percent from the second quarter of 2022 to $1.2 billion, and its gross profit decreased 10 percent to $96.5 million, according to an earnings call Thursday afternoon. Continue reading
Bryan Knisley previously ran his own brokerage and completed stints at RE/MAX and Keller Williams. He’s bringing 27 agents with him to eXp, according to the company. Continue reading
EXp founder and CEO Glenn Sanford is now a defendant in the sex trafficking case and allegedly turned a blind eye to the assaults for financial gain, according to an amended legal filing. Continue reading
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading