Remax's Q1 results show North American agent count and revenue slipping
Recently released data puts the proposed merger into perspective amid ongoing consolidation
Compass agents are thrilled. Anywhere agents have concerns — but few are looking to jump ship. In the first Intel Index survey conducted after the merger news broke, real estate professionals shared their unfiltered thoughts about the deal shaking the industry
Despite hitting Q3 records on several key metrics, Compass also faced substantial losses during this earnings season, largely due to the Anywhere transaction
RE/MAX affiliate, RE/MAX Premier, has purchased Compass's former North Shore offices, as the NYC-based brokerage consolidates locations after buying @properties Christie's International Real Estate. The agents in those offices are still with Compass
The franchisor's total agent count grew 2.5% from a year ago, to 147,073. But a growing proportion of those agents work outside of RE/MAX's main markets, the US and Canada
Despite a slower housing market, the brokerage's revenue grew 28.7% year over year in Q1 while transactions rose 27.8%
Revenue fell to $74.5M, down from $78.3M a year earlier, marking the 11th-straight quarter of decline, according to financial results posted by RE/MAX Thursday after the markets closed
Austin James Realty's team is heading to Keller Williams Coastal Virginia Chesapeake, executives announced Thursday. In 2024, the team inked 117 transactions totaling $36.1M in sales
The Real Brokerage brought in more than 10,000 new agents in 2024 while surpassing a $1B in annual revenue, according to fourth-quarter and fiscal-year earnings released Thursday
A drop in expenses was enough to offset falling revenue from franchise fees and annual dues that make up about 70% of RE/MAX's revenue, the company said on Thursday
The virtual brokerage ended 2024 with 82,980 agents — a 5% drop compared to the previous year, according to Q4 earnings data. EXp also posted $1.1B in revenue in the final 3 months of last year
The company now has 17,752 principal agents. Founder and CEO Robert Reffkin said in a new earnings report that he believes his company will pull ahead in 2025
Total revenue declined by 8.3% YOY to $78.3M during Q1 2024, besting analysts' expectations for it to fall by 9.5%. News comes one quarter into Amy Lessinger's tenure as president
The company earned $943M in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780