Realogy, the company that operates some of the biggest brokerage brands in real estate, is in the midst of CEO succession-planning — but even though that big project can often derail focus, the company reported revenue growth and a significantly smaller net loss in its earnings call for the first quarter of 2017 (Q1 2017) today.
- Realogy's revenue was $1.2 billion in the first quarter, up 6 percentage points from Q1 2016. Operating expenses were also higher; the company operated at a $28 million net loss in Q1.
- Recruiting and retaining top agents are boosting the company's bottom line, while underwriting standards and inventory remain problems.
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