An epic fall from grace: Realogy’s total stock collapse

NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. They are also shedding more and more poor performing agents, I am told — something most brokers are afraid to do.

An epic fall from grace: Realogy’s total stock collapse

NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. They are also shedding more and more poor performing agents, I am told — something most brokers are afraid to do.

KW, Realogy, RE/MAX and HomeServices slap back at ‘bombshell’ antitrust lawsuit

The big residential brokerage franchisors and holding companies filed a motion on May 17 to dismiss the class action lawsuit filed by homeseller Christopher Moehrl seeking to upend the traditional commission structure in the real estate industry. 

Connect Las Vegas: Throwback to Compass and Realogy CEOs sharing their vision

At the Inman Connect New York 2019 conference, Realogy CEO Ryan Schneider and Compass CEO Robert Reffkin took to the stage to discuss their differing visions for the residential real estate market going forward.

Realtor.com lays off Arizona sales team, consolidates in California

The team in Scottsdale had been working on realtor.com’s lead generation and marketing products, which are geared toward real estate agents. Now, all those sales efforts at realtor.com will be consolidated into an office in Westlake Village, California…

Redfin’s new agent-free service hits regulatory snag

Redfin Direct, a pilot program that allows consumers to make direct offers on homes listed by real estate brokerage Redfin online without being represented by a buyer’s agent, is violating a regulation regarding agency disclosure, according to a Massachusetts state agency that oversees real estate licensees.

What is company culture? An indie broker-owner gives his 2 cents

Regardless of what type of brokerage you belong to, culture makes a big difference in how a business operates. In fact, a company’s culture can make or break its success. How do you find a culture that’s right for you? Regular Inman contributor and indie broker Troy Palmquist shares his thoughts on company culture.

Compass poaches entire Coldwell Banker team

Los Angeles-based WSA Real Estate operates in the tony western half of Los Angeles. Team members are now decamping for Compass, which is not acquiring the entity itself.

Inside the mass exodus at Purplebricks US

The U.K.-based discount brokerage launched in the U.S. in 2017 and has had a massive turnover in leadership roles in recent months.

Best friends 4ever? Redfin strikes deal with Zillow to list in 4 cities

Long-time rivals Zillow and Redfin have finally made peace — over one issue at least — and struck a deal that allows the former to directly host the latter’s listings in four U.S. cities.