The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions
Erik Carlson comes to RE/MAX Holdings in the wake of Adam Contos' departure. He also joins the company at a tumultuous time for the real estate industry
Amidst difficult market conditions, the real estate franchisor's total revenue was down 8.7% YOY to $81.2M, coming shy of analysts' expectations. The company also suffered a net loss of $59.5M
The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings
While the brokerage's overall head count rose modestly to 144,510 agents in the second quarter, its agent count declined in the US by 6.3%, to 56,987, according to a Q2 earnings call Wednesday
Total revenue dropped 6.2% year over year and US agent count fell 5.4%, according to earnings data released Thursday as the real estate brokerage continues to wrestle with a shifting market
Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6M Q4 net loss as rising rates dented home sales
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
As the brokerage prepares for a slower market, agent recruitment, finding a permanent RE/MAX Holdings CEO and franchise consolidation are among the issues RE/MAX will face in 2023
Former FathomRealty executive Grady Ligon has joined the company, bringing more than 20 years of experience in financial and brokerage technology
DeSplinter, who joined the board in 2016, informed the lead independent director he intends to retire ahead of the completion of his term, which was scheduled to end next year
Hospitality mogul Annita M. Menogan has nearly 4 decades of experience in the world's top food brands including Red Robin Gourmet Burgers and the Adolph Coors Co.
The biggest real estate brokerages and franchise networks made big gains in market share in 2021 and accounted for 61% of home sales, a new report reveals
RE/MAX Holdings reported rising revenues and profits despite difficulty in growing its agent count in the United States, according to Q4 and year-end results released Wednesday
There are now 187 independently owned offices operating under the Motto Mortgage brand serving 38 states