BrokerageIndustry News

RealEstate.com brokerage passes 1,000-agent mark

Revenue growth bright spot for parent company
Published on Aug 6, 2008

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by CareyBot

Despite losses at its parent company, RealEstate.com's company-owned brokerage grew second-quarter revenue by 24 percent as it expanded into 14 markets and surpassed the 1,000-agent mark.

RealEstate.com is an operating company of IAC, which is planning to spin the business off along with online lender and lead generator LendingTree and other real estate-related businesses to be grouped under the umbrella of Tree.com.

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