Redfin CEO: With commissions in peril ‘cooperation may crumble’

Kelman said during virtual Inman Connect on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to “a different world” than the one that exists today. Continue reading

Christie’s International Real Estate launches major NorCal expansion

The founding real estate agents of Christie’s International Real Estate San Francisco | Marin | Wine Country hail from The Payton + Binnings Team and boast $200 million in transactions annually. Continue reading

Redfin eliminates salaries, pivots to commission model in LA and SF

Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program. Continue reading

Corcoran Icon Properties opens new office in San Fran’s Cow Hollow

The new office, to be managed by Corcoran Icon Properties Partner Michael Barnacle, is located on bustling Union Street, where trendy restaurants, boutiques and fitness studios are thriving. Continue reading

Timothy Di Prizito joins AKG | Christie’s International Real Estate

The former GM of Joyce Rey’s team at Coldwell Banker said he is ready to spread his wings and likes what he sees when it comes to Aaron Kirman’s success in growing his team, Di Prizito exclusively told Inman. Continue reading

Henry Horn Group decamps for Compass in bid to build luxury biz

Rebranded as HHG | Compass, the 12-agent team hails from Corona Del Mar, California-based luxury brokerage Residential Agent, Inc. with operations spanning San Francisco to Los Angeles. Continue reading

‘Get creative’: As inventory drops, agents dust off trusted techniques

With sales down and inventory low, agents are combing social media, calling expireds and seeking out people with major life milestones. In other words, they’re meeting the moment with creativity. Continue reading

Demand for urban homes will be ‘muted’ for years: McKinsey

Consulting firm McKinsey & Company has found that pandemic-induced hybrid work is here to stay, for better or worse, ensuring permanent consequences for real estate agents in larger cities. Continue reading

Hotelier gives up on 2 hotels in San Francisco, citing ‘major challenges’

Park Hotels & Resorts CEO Thomas Baltimore says city’s “major challenges” include weak conference outlook, high office vacancy rate and “street conditions” when announcing the move. Continue reading