Tag Archives: glenn kelman

The CCP illusion: NAR’s Jedi mind trick on a failing policy

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Compliance expert Summer Goralik examines the new watered-down version of Clear Cooperation announced this week along with what it means for agents and consumers. Continue reading →

Don’t break up the marketplace, just fix it: Glenn Kelman

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Rather than intentionally fragmenting the marketplace, the Redfin CEO writes, all listings should show in one place, with the seller allowing different levels of disclosure on each listing. Continue reading →

NAR opts to keep Clear Cooperation but adds a new option

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After months of debate, NAR announced Tuesday it will keep its policy requiring properties to be listed on an MLS within one day of marketing while adding new “delayed marketing exempt listings.” Continue reading →

Rocket: Redfin acquisition will cut consumer transaction costs by half

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Rocket executives say that a whopping $20,000 in savings from unifying home search, buying, selling, mortgage, title and servicing could allay antitrust concerns and keep regulators at bay after the deal closes. Continue reading →

Krishna, Kelman dish on the future of ‘the Rocket-Redfin experience’

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Rocket CEO Varun Krishna and Redfin CEO Glenn Kelman shared with Inman why they agreed to merge as part of a $1.75 billion acquisition. AI, data and a complete consumer experience were at the center of it. Continue reading →

Rocket Companies to purchase Redfin in $1.75B all-stock deal

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Rocket Companies announced Monday its plans to acquire Redfin in an all-stock transaction valued at $1.75 billion in equity. This acquisition will integrate Redfin’s home search platform, which features over 1 million listings and a network of 2,200 ag… Continue reading →

Redfin on the upswing after Zillow deal despite widening Q4 losses

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Redfin posted double-digit revenue growth for Q4 and FY 24 on Thursday. The company’s $100 million Zillow rental syndication deal has opened the door for greater advertising spend, CEO Glenn Kelman said. Continue reading →

Umansky, Dwiggins clash in heated debate over Clear Cooperation

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While on stage at Inman Connect New York, Mauricio Umansky argued that Clear Cooperation stifles competition. Meanwhile, James Dwiggins said the rule puts the customer first. Continue reading →

Redfin lays off 46 employees at Seattle HQ

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Seattle-based brokerage Redfin has begun the year by laying off 46 employees, including managers in its headquarters, program, and field leadership roles. No agents were part of the layoffs, a spokesperson told GeekWire, which broke the news Thursday a… Continue reading →

Robert Reffkin predicts the end of Clear Cooperation in 2025

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The Compass CEO, long a critic of the polarizing NAR rule, believes that the real estate industry as a whole will finally come around to his view in the near future. Continue reading →