How old-school titans are joining forces with new indie brokerages

Here's what the NRT acquisition of Climb Real Estate tells us about the industry landscape
  • A gaggle of new kids have built their brokerages from the ashes of the Great Recession.
  • The result: higher agent productivity -- and better margins and profits.
  • Some old-school real estate entities are paying attention (and paying cash for a piece of the action).

The notorious sex, music and art confab dubbed Burning Man is under siege by the wealthy and luxury set with their million dollar RVs, runway models and celebrity DJs spinning until 8 a.m in the dusty Nevada desert. An epic event contorted into a nightclub in the sand. Another iconic gathering of the artistic and free is Austin’s South by Southwest conference, which has been hijacked by monied marketing directors.