BrokerageIndustry News

Realogy slips into the red in Q3

Transaction volume falls 25% at company-owned brokerages
Published on Nov 10, 2010

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by CareyBot

After a strong second quarter, franchise giant Realogy Corp. slipped back into the red in the third quarter, reporting a net loss of $33 million.

Transaction volumes fell year-over-year both at Realogy's company-owned brokerages and at brokerages affiliated with Realogy brands but not owned by the company.

Company-owned brokerages, owned by Realogy subsidiary NRT LLC, operate under the Coldwell Banker, ERA, Corcoran Group and Sotheby's International Realty brand names.

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