Warren sent a letter to Compass CEO Robert Reffkin and MRED MLS CEO Rebecca Jensen
Brokerages, lenders and associations named new execs, welcomed teams, explored new markets
As brokerages face pushback over client fees, these charges are broadly unpopular with agents. Many have had to pay them out of pocket
Compass, Zillow, Rocket and more reported Q2 earnings this week
Revenue fell 5.8% and US agent count hit its lowest level in at least 2 years as shareholders prepare to vote Aug. 14 on the sale to The Real Brokerage
Here are the most essential stories of the week, according to Inman readers
Rocket also believes the housing market will continue to sour amid high rates that will continue industry trend of consolidation. 'We expect to be a beneficiary of that,' CEO Varun Krishna said.
The team, run by duo Chris and Meredith Marti, has been open for 9 years. The Martis also own 2 real estate tech companies
Agent count, transaction volume climb as Real heads toward an Aug. 14 vote on its REMAX merger
Opinion
Conflicting numbers mean agents are losing the ability to advise clients with confidence
Compass CEO says the brokerage's support of certain MLSs has led to more competition
AGNT, formerly eXp World Holdings, revenue increased 11% YOY to $1.4B as agent count, productivity shot up 6%
The megabrokerage pulled in $4.3B in total revenue and posted a profit of $92M in the second quarter, earnings show
The cut is the 2nd significant layoff this year for the portal. CEO Jeremy Wacksman said it has to do with cost management
Consolidation is making all real estate brokerages look the same
The announcement came the same day Better announced that it lost $30.6M in Q2 despite funded loan volume climbing 45% year-over-year