BrokerageIndustry News brokerage passes 1,000-agent mark

Revenue growth bright spot for parent company

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Despite losses at its parent company,'s company-owned brokerage grew second-quarter revenue by 24 percent as it expanded into 14 markets and surpassed the 1,000-agent mark. 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 In addition to a real estate brokerage with a slightly unwieldy name -- ", Realtors" -- operates a Web portal that offers nearly 2 million listings and valuations for 97 million properties. Although shut down a subscription-based lead-generation program for agents in December (see story), the company still generates revenue through lead generation networks for real estate brokers and home builders. In releasing second-quarter results, IAC said revenue at as a whole fell 47 percent from a ye...