Illinois’ 3rd commission suit names @properties, champions buyers

A Chicago homeowner is the latest to allege NAR policies amounted to a conspiracy to keep commissions high for buyers; @properties vows to “vigorously defend” against the new lawsuit. Continue reading

How a construction niche produced 1 of the top luxury agents in the US

The former No. 1 Engel & Völkers Americas agent tells Inman how real estate professionals can build top businesses by targeting a niche. Continue reading

Compass picks up 2 top agents in Chicago from @properties

Anne Hodge and Debra Dobbs are joining Compass in the Windy City. The agents together bring more than 60 years of experience in Chicago real estate, according to the company. Continue reading

Thad Wong plans to grab more market share during downturn

“The part that I can’t control is the market, but I can control my market share,” @properties CEO Thad Wong said at Inman Connect Las Vegas on Tuesday. Continue reading

Christie’s president: ‘Luxury isn’t a price point — it’s a level of service’

Despite instability, the priciest and most unique properties are still moving, Christie’s Co-CEO Thad Wong and President Chris Lim told Inman during the brokerage’s annual conference. Continue reading

Nest Realty buys back company shares from @properties

Three years after entering into an agreement with @properties, Nest Realty’s partners have regained ownership of the brokerage, which is now fully independent, Inman reports exclusively. Continue reading

Christie’s affiliate owners: In a downturn, spend money (prudently)

The two-day Christie’s International Real Estate conference in the Cayman Islands drew broker-owners — including Aaron Kirman in his debut at the event — from four continents and around two dozen U.S. states. Continue reading

Compass explores possibility of franchising, company says

CEO Robert Reffkin floated the idea of a franchise brand during an earnings call Tuesday, describing it as a “more profitable” method of growing the business. Continue reading

CA Christie’s affiliates show huge growth in year of new partnerships

The luxury brand’s billion-dollar growth in terms of agent business came in large part from strategic recruitment by its Sereno and Orange County affiliates, as well as the addition of star agent Aaron Kirman. Continue reading

What Sandra Bullock can teach real estate agents about winning clients

Crystal White, director of agent development at @properties, told Inman ahead of ICNY Jan. 24-26 that real estate pros need to know their business as well as A-list actors know their lines. Continue reading