Redfin is furloughing 41% of its real estate agents

The company announced it’s also laying off 7 percent of its staff in an SEC filing.

Compass hires former Tesla exec to manage customer experience

Kate Pearson previously served in executive roles at Walmart and Cargo.

Keller Williams franchises consider reducing agent profit sharing

A franchise owner confirmed to Inman that regional leadership at Keller Williams suggested rolling all expenses into April’s budget to enable them to hang on to more cash.

Stimulus package could create ‘chaos’ in mortgage industry

A coalition of real estate and banking trade groups is calling on Congress to help banks with liquidity as they allow homeowners to forbear their mortgage payments.

Realogy accelerates tech roadmap to meet changing agent needs

Realogy moved up the deployment of new features of its Social Ad Engine at a time when many markets are at a standstill.

Good Samaritan Brooklyn landlord waives rent for hundreds of tenants

Mario Salerno is likely forgoing hundreds of thousands of dollars in rental income.

Employment falls for first time in a decade, full picture yet to emerge

The real estate sector lost 3,400 jobs in the first two weeks of March. The numbers don’t reflect 10 million claims filed over the past two weeks.

Interest in 3D tours explodes on Zillow, especially for rentals

With in-person real estate activity banned or limited in many markets, agents are taking to Zillow’s 3D tours feature.

EXIT Realty is giving its agents their own ‘stimulus package’

The real estate franchisor’s package includes tools and training to prepare agents for the upcoming months.

Bridgewater co-CEO Eileen Murray joins Compass’ board of directors

Eileen Murray, a veteran of Bridgewater Associates, Credit Suisse and Morgan Stanley, is the second independent appointment to the company’s board of directors.