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. 

Amazon HQ2 sent home prices skyrocketing in VA neighborhood

Six months after Amazon said it would build a major office in Arlington County, Virginia, home prices in the area have risen by $110,000.

SEC charges real estate developer with fraud in Ponzi scheme

The U.S. Securities and Exchange Commission filed an emergency action Thursday against New York State real estate developer Robert Morgan.

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…

Company that eliminates security deposits ‘locks’ in new partner

LeaseLock replaces security deposits with monthly fees and believes its new insurance partnership shows that the industry is embracing its business model.

Vacasa’s new board member hints at IPO future

Matt Roberts, the former CEO of OpenTable is joining the board of directors for vacation rental management startup Vacasa.

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.

Trulia founder Pete Flint’s venture firm NFX raises $275M

NFX splits its investments equally between business-to-business companies and business-to-consumer companies but said that out of 3,000 firms seeking money this year it will ultimately only fund 0.5 percent.