How did Zillow, eXp Realty, Realogy and homebuyers themselves fare during third-quarter earnings this week?
The parent company of eXp Realty beat the consensus estimate, posting a net loss of $0.03 per share and revenue of $282M
The discount brokerage argued in a letter that Bright MLS's new policy banning pocket listings will 'act as a restraint of trade'
One CEO said NAR's policy 'levels the playing field,' but others expressed skepticism at a one-size-fits-all solution
Jason Gesing will oversee brokerage operations for eXp Realty while founder Glenn Sanford will focus on the overall parent company
EXp Realty also crossed the 23,000-agent threshold this week
Jones, who once served as an officer in the U.S. Army, will be in charge of investor relations and financial planning
The proprietary tech platform will connect sellers with institutional investors for a quick-close, all-cash offer, as well as show the buyer what the home might fetch on the market
The distinction allows the virtual cloud brokerage to handle its own data, promote efficiencies and enable interoperability with partners
Mortgage, home warranty, title, escrow and moving services are all coming to eXp Realty's virtual world
The virtual, cloud-based real estate brokerage nearly doubled its revenue but still posted a net loss in Q2
Investment management firm BlackRock now owns a 16% stake in the real estate holding company
EXp Realty's parent company is promoting Mitch Robinson, a senior vice president of marketing and communications for the virtual brokerage, to the newly created position
John Campbell, an analyst with Stephens, is upgrading his investor outlook for Zillow, Redfin and eXp Realty, saying they represent the future while downgrading calls for Realogy and RE/MAX