Tag Archives: mike delprete

The problem with stock as a recruiting tool for Compass agents: Mike DelPrete

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Stock option programs sound good on paper, but as we can see with Compass, the reality varies. The post-IPO performance of Compass’ stock highlights the primary issue with stock as a recruiting tool. Continue reading →

IBuyers are entering the previously untouched Northeast market: Mike DelPrete

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Billion-dollar disruptors are coming to the Northeast market, featuring new models like instant offers, cash offers and buy-before-you-sell programs. Are agents and brokers ready? Continue reading →

Offerpad is a more profitable flavor of iBuying: Mike DelPrete

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Offerpad’s latest financials strongly suggest that a less venture-funded, less tech-enabled, more real-estate focused and less breakneck version of iBuying can be (almost) profitable. Continue reading →

Why are so many teams suddenly joining eXp Realty?

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Recent months have seen team after team decamping for eXp. To figure out why exactly so many teams are joining eXp at this specific moment, Inman reached out to team leaders across the U.S. Continue reading →

Zillow’s uphill battle to attach mortgages: Mike DelPrete

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In 2018, Zillow set itself lofty goals when it entered the mortgage business. Three years later, Zillow’s actual performance is far, far below its predictions, which highlights how difficult the mortgage space is, not just for Zillow, but also for ever… Continue reading →

RE/MAX sues eXp Realty over recruitment, ‘false advertising’

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The suit claims eXp tried to solicit franchisees whose contracts with RE/MAX weren’t over yet, and that it misrepresented RE/MAX’s commission splits, among other things. Continue reading →

The New Normal: What if the brokerage of the future isn’t a brokerage at all?

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How are brokerages evolving given that teams are less constrained by geography thanks to powerful new upstart companies, even as control of real estate technology becomes more centralized? Dive into Part 1 of Inman’s New Normal series. Continue reading →

The catch-22 behind Compass’ path to profitability

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Leading industry analysts shared with Inman their evaluations of Compass’ earnings and how the path to profitability could impact agents. Continue reading →

Zillow vs. realtor.com: Mike DelPrete on their battle

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It appears that Zillow’s longstanding traffic lead over realtor.com is diminishing. It’s insignificant in terms of competitive advantage and revenue uplift — and might simply be an artifact of pandemic browsing patterns — but it does reveal a deeper tr… Continue reading →