In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11B in revenue, down from $1.6B during the same period in 2021
RE/MAX Holdings' total revenue decreased 8.9% year over year to $81.3M during Q4 due to diminished broker fee revenue, a 1.9% drop in its NA agent count and costs related to increased recruiting incentives. However, the franchisor remains bullish
Newer upstarts and legacy companies have spent recent years competing intensely for top agents. But recent data suggests the years of fast growth may be ending
There's no doubt that eXp has been on a hot streak, but that doesn't mean the brokerage lacks challenges to consider as it looks to 2022, including scaling operations through rapid growth
Creating a more robust teams structure, filtering out the industry noise and innovating the franchise model are all major challenges the brokerage will face in the coming year
RE/MAX CEO Adam Contos stressed during a third-quarter earnings call Tuesday that the company's recent investments are beginning to pay off and that it's on firm footing for 2022
The record quarter was largely driven by the company's purchase in July of RE/MAX Integra, a $235M deal that marked the largest franchise acquisition in the brokerage's history
EXp founder Glenn Sanford said his company should have half a million agents in 5 years. We asked some experts if that was realistic
RE/MAX's Friday earnings call focused on the company's 2021 trajectory, with Motto Mortgage, booj and other tech investments powering growth, according to the company
It's the forward thinkers at eXp, like the following individuals highlighted below, that are setting the company up for success, both at the agent level and within the industry at large
The $20 million equity investment deal will enable Real to improve its mobile app and expand its footprint to 50 states and several international markets
At the company's eXpCON, multiple leaders shared their vision for eXp's 2021 growth, which hinges on the launch of several initiatives, namely eXp Global
Transaction volume and tech adoption are up, according to year-end results released in conjunction with the company's annual Family Reunion event
The Austin-headquartered real estate franchise is aggressively pursuing its tech strategy, but agent count and transaction volume have declined
Former agents recall the practice, while current franchise owners insist there has never been a directive in place to keep inactive agents on the roster