Growing eXp Realty agent count propels Q2 revenue

EXp World Holdings, the Bellingham, Washington-based holding company for eXp Realty, announced its second quarter 2017 earnings today, reporting revenue of $39.6 million for the quarter, up 198 percent from $13.3 million in Q2 …

How to sell or merge your real estate brokerage

SAN FRANCISCO — Selling your real estate brokerage can be an emotional process akin to sending your kid off to college. John Aaroe, CEO of the John Aaroe Group, and Partners Trust CEO Nick Segal — who both merged with San Francisco-based indie giant Pacific Union — have both been on this emotional ride recently. 

What to do when agents don’t fit your brokerage model

SAN FRANCISCO — A one-size brokerage model does not fit every agent’s needs. That was a key message from Sherry Chris, CEO of Better Homes and Gardens, at ICSF Broker Connect this week. Three different style brokerages — 100-percent-commission brokerage, Signature; progressive traditional agency, Coldwell Banker King; and tech startup, Door — faced off to talk about how they work together to address this issue not despite their differences, but because of them …

How to digest a big acquisition: HomeSmart’s top leaders spill the beans

At the end of May, a group of around 400 agents gathered at the Mile High Station, an attractive Denver party venue, as HomeSmart International announced the acquisition of Denver-based Cherry Creek Properties. It marked the culmination of a relationsh…

Pacific Union International names Brent Thomson COO

West Coast-based independent real estate firm Pacific Union International is expanding its leadership team with the appointment of Brent Thomson to the newly created position of COO, effective August 1.  …

Windermere Real Estate appoints its first COO: Brooks Burton

Seattle-based Windermere Real Estate has just appointed Brooks Burton, the former EVP and COO of Ohio-based HER Realtors, as its first …

Bob Goldberg named next CEO of the National Association of Realtors

Bob Goldberg has just been named the next CEO of the National Association of Realtors …

Christie’s International Real Estate to open its first brokerage office

Christie’s International Real Estate (CIRE) is opening its first company-owned residential real estate brokerage office in New York City, ending its affiliation with Brown Harris Stevens …

Why Pacific Union cut deep ties with Christie’s International Real Estate

According to Mark McLaughlin, CEO of the San Francisco indie brokerage heavyweight, one of the reasons Pacific Union began to re-examine the affiliation was CIRE’s request in 2015 for increased fees. McLaughlin felt he could do other things with the money, including investing in the company’s own global marketing campaigns. In the past year, seven U.S. real estate firms have left CIRE, but the company’s total number of affiliates has risen from 132 to 140 across 46 countries since the beginning of 2014. …

How to merge your real estate brokerage without regrets

The merger-and-acquisition path is littered with casualties. Ryan Abbe, managing director of San Francisco-based M&A adviser and real estate investment banking group JMP Securities, says that’s because the little guys can “die in these big organizations,” and giants often find it difficult to embrace smaller firms …