Zillow misses on Q3 earnings, hires new CFO

Zillow posted a net loss of $492,000 in the third quarter of 2018, much lower than its more than $9 million loss in the same quarter of last year, according to its third-quarter earnings report. Revenue for the real estate technology giant was up 22 percent, year-over-year. 

EXp Realty triples revenue growth, transactions in third quarter

EXp World Holdings closed an estimated $6.2 billion in transactions in the third quarter, a year-over-year increase of 239 percent. 

Zillow to acquire Mortgage Lenders of America, streamline buying through Zillow Offers

Zillow announced an agreement to acquire Kansas-based Mortgage Lenders of America in an attempt to streamline the homebuying process for Zillow Offers buyers.

Redfin reports first quarter net loss of $36M

Redfin, the Seattle-based technology-focused brokerage, posted a net loss of $38.6 in the first quarter of 2018, and revenue of $79.9 million, a year-over-year increase of 33 percent. Last quarter, the company reported a net loss of $1.8 million.

Team recruitment drives eXp’s strong agent growth in Q3

In the third quarter, eXp World Holdings, the parent company of virtual brokerage eXp Realty, raised its revenue to $48.1 million, an increase of 203 percent year over year. Overall the company booked a net loss of $7.8 million for the quarter, down fr…

How much do you spend on real estate technology?

Real estate technology is a billion-dollar industry, with hundreds of companies competing for the money that agents and brokers shell out in order to help them do their jobs …

EXp reports 208% revenue boost in the first quarter

EXp World Holdings, the holding company for virtual brokerage eXp Realty, continued to motor on agent and broker numbers in the first quarter of 2017, growing its agent and broker count by 23 percent over Q4 to a total of 3, …

When and how to hire the perfect administrative assistant

Congratulations! You’ve worked your ass off and have clients coming out the wazoo. Now you find yourself so maxed out that you’re actually missing opportunities and losing business. You’ve successfully achieved exactly what all young businesses do — you’ve completely exhausted all of your resources …

Realogy’s Q2 financials dampened by poor NRT performance

Despite the soft real estate market, Realogy Holdings posted an uptick in sales and revenue in the second quarter, but the poor performance of its NRT LLC division rained on its parade, the company said in its Q2 earnings call today …

Why focusing on profitability is the wrong approach

Now, as an entrepreneur who’s built three profitable brands, I see two errors that are common among many business owners and professionals, not just real estate agents.

First, you do not make more money by spending less. You might keep more money by spending less, but you absolutely do not make more. This is slightly semantics, however, if you are saying this in your mind, you are feeding yourself a wrong message. Therefore, I won’t go into detail on this concept …