The 2 main paths to brokerage growth in a down market
Every broker wants to recruit top agents. But what works when transactions are scarce? Two real estate professionals shared their thoughts Wednesday at Inman Connect Las Vegas
by Daniel Houston Aug 9
Successful agents show up, Robert Reffkin says in remote-work rebuke
During an Inman Connect panel on Wednesday, Compass' CEO argued the brokerage's in-person philosophy gives it an advantage over rival firms 'charging the least and giving you the least'
by Jim Dalrymple II Aug 9
What down market? Payrolls are just fine in the brokerage world
Home transactions may be down, but you wouldn't know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the US Bureau of Labor Statistics
by Daniel Houston Aug 4
How much does it cost to open up a new brokerage?
Don’t let the costs scare you. Your willingness to plan and prepare will contribute greatly to your success as a brokerage owner
by Kevin Woody Aug 2
Builder hiring ramps up while real estate brokerages keep pace
Builders and residential contractors added nearly 60,000 jobs in June — about 11,000 more than expected for this time of year, according to data released Friday by the Bureau of Labor Statistics
by Daniel Houston Jul 7
DelPrete: Legacy brokerages can no longer dismiss lower-fee models
For too long, Mike DelPrete argues, legacy brokerages shrugged off their low-fee competitors. Some of those barbs haven't aged well
by Daniel Houston Jun 28
DelPrete: Are agents at low-fee brokerages any less productive?
The dual hypotheses that low-fee brokerages aren’t sustainable, and that their agents are less productive, are false, Mike DelPrete writes
by Mike DelPrete Jun 21
4 tips for providing a vibrant and healthy agency culture
Being the leader of a real estate agency requires a deep commitment to supporting your agents in every way possible to ensure their success and well-being
by Adriano Tori May 25
Compass CEO Robert Reffkin: FOMO is fueling 'pent-up' demand
Reffkin said Tuesday, during a Needham Technology & Media Conference session, that housing is in a 'sideways' market — but after last year, homebuyers are now afraid prices will go even higher
by Jim Dalrymple II May 16
Data storytelling: The key to smarter agent recruitment
Rather than focusing on numbers and statistics, data storytelling allows you to translate numbers into insights that are more easily understood and can be integrated into better decision-making
by Diana Zaya May 11
Compass revenue drops in Q1, but losses continue improvement
The brokerage brought in a total of $957M in revenue and lost $150M. The results are something of a repeat from Q4 2022
by Jim Dalrymple II May 9
‘Get a lawyer to look at it’: Mike DelPrete on incentive split pitfalls
Some real estate agents are earning tons in extra splits from their brokerages, the real estate advisor told Intel. Everything seems great — until they're told to pay it back in full
by Daniel Houston Apr 26
3 profit-driving tips for broker-owners in a tough market
Doing nothing in this challenging market is no longer an option. Steer the ship in the right direction using these strategies
by Chase Williams Apr 20
Median home price tallies largest annual drop in more than a decade
Pandemic-era boomtowns and tech hubs fueled an annualized 3.3% drop, to $400,528, according to new data. 'There’s this fear that everything will crash,' reports one Redfin agent in Boise, Idaho
by Ben Verde Apr 19
4 ways to level up your brokerage and develop your team
By focusing on team development and a team-oriented culture, you can gain a stronger, more experienced team that outsells the competition
by Marcus Larrea Apr 13