The 2015 buzzword in real estate might have been “disruption” — but based on the 2015 earnings report from Realogy Holdings Corp., one of the nation’s largest real estate franchisors, traditional models are still doing just fine.
- Despite TRID adding five days to the closing process, volume was still good enough to boost the company’s revenues 7 percent year-over-year to $5.7 billion.
- Closing times have stabilized since the end of last year, and transaction delays did not dampen contract cancellations or buyer demand.
- Deployment of the Zap platform, a customer relationship and transaction management system that Realogy acquired through its buy of ZipRealty last year, exceeded the company’s expectations.
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