The LA-based luxury powerhouses have collaborated together at Compass for 6 years. After clients suggested they make the partnership official, the pair formed Jones Fridman International
A slower market and a crowded brokerage landscape have shifted efforts from quantity to quality, new reporting and Intel survey results reveal. For agents, it's now an unavoidable aspect of the job
Latter & Blum has been an indie for more than 100 years and today boasts more than 3,100 agents. The deal pushes Compass into Louisiana and Mississippi for the first time
The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied
Glennis Beacham founded the former indie brokerage in 2006 after growing her career over the course of more than 2 decades to become one of Atlanta's top luxury agents, the firm told Inman
You probably know Ryan Serhant and Josh Team pretty well, but how about the firm's female leaders who are helping to drive it to success? Here's an introduction
Real estate professionals respond in the aftermath of NAR's big commission lawsuit settlement and Compass' brand new one
The news comes 1 week after NAR's whopping $418M settlement was announced. Compass also agreed to make some minor changes to its business practices as part of the settlement
More than 90 brokerages would not be covered under the $418M deal, though most have the option of buying in
The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward
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The Andreessens have owned the home since 2007. The couple also recently purchased several parcels in Malibu, suggested a switching of allegiances to Southern California
Ahead of the National Association of Realtors' commission settlements Friday, some agents are reevaluating their memberships and considering the American Real Estate Association instead
The high-profile luxury agent has worked with Douglas Elliman since 2021 and served as a longtime agent with Rodeo Realty before that. He will now align with Compass’s Beverly Hills office
Miles was most recently affiliated with Compass and brings strong connections in the new development sector to Official. His team will also begin operating in Miami, Inman has learned
Kathy Kaye and Lorraine Baker each have about 2 decades of industry experience and bring roughly $200M each in career sales volume to the firm, Inman has learned exclusively
Amended complaint alleges Warren Buffett's company abused the trust inspired by his name to encourage homesellers to use HomeServices and further alleged price-fixing conspiracy
Compass has recruited New York-based brokers Tom Postilio and Mickey Conlon. Meanwhile, eXp added Calgary-based Sahil Chhabra and his team to its ranks
Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10B year, we’ve rounded up the top stories all in one place. Here’s what you might have missed
The Boston-headquartered franchise dubbed 'Corcoran Property Advisors' is led by brokers-owners Brian Dougherty and Nick Robert. The firm also has an office in Cohasset
The fast-growing brokerage also suffered a net loss of $83.7M in the quarter, which was an improvement compared to the loss 1 year earlier
After 2 years at Compass, NYC-based real estate broker Jaime Richichi is moving to Sotheby's International Realty. Richichi has a lifetime sales volume of $100M
Angela Boykin is suing over a home sale from 2022. Her case is the 2nd such recent lawsuit out of Nevada and adds to the growing number of cases that have followed the Sitzer | Burnett verdict
In a recent appearance at Inman Connect New York, the Compass CEO discussed his company's ongoing industry dominance and came out in favor of Homes.com in the portal wars
Broker and reality television star Ryan Serhant headlines an all-star roster of the industry's most compelling voices for the second-annual Inman Global Real Estate Influencers program
Rogers, a 17-year industry veteran, has left Compass after 5 years. In 2012, he co-represented the buyer of one of New York City's priciest-ever co-op purchases, a $50M Fifth Avenue unit
Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023
Mollie Poe and Declan Hickey were founding members of Compass San Francisco before leaving in 2020. Now, they're bringing 4 additional team members back to Compass with them
The experienced real estate executive has led initiatives at Compass and Fathom Holdings. Now she'll be president of Chirag Shah Coaching
In the ongoing tug-of-war for top agents, Corcoran Group has wrestled back 8 boomerang agents from Compass and recruited an additional 8 Compass agents to the New York City-based brand
Broker Merry Morgan Holotik can (literally) tell you what it takes to scale the summit of Mt. Everest and plant your brokerage's flag there
An anonymous couple purchased Altice USA CEO Dexter Goei's West 11th Street townhouse for $72.5M. Two Compass agents brokered the off-market sale
Coincidentally timed as Curb Your Enthusiasm launches into its final season this weekend, the architecturally significant home was built in Montecito in 1929 by George Washington Smith
Leaders from Sotheby's International Realty, Compass and Douglas Elliman shared how luxury clients are responding to the market and how their brokerages uniquely support agents
On Thursday, in conversation with Brad Inman at ICNY, Reffkin weighed in on the portal wars, predicted an improved market in 2024, and revealed he takes public transit around New York
Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws
A federal court judge denied a request from the defendants to suspend the case pending the outcome of post-trial motions after the Sitzer | Burnett verdict
Baruh works in New York City and brings with him 3 other agents and an administrator. His move comes as brokerages compete intensely for top talent
From collaborating with Wiz Khalifa to scene stealing on Amazon Prime's 'Twin Love,' siblings Krish and Akash Chandani are betting on a big 2024 as their luxury Compass team shifts into high gear
Fava and his New York-based team are the latest agents to participate in a trend of leaving a brokerage, only to return some time later
The 5th floor unit at the Standish in Brooklyn Heights was often mentioned in the 'Superman' comic books as Clark Kent's abode. Now the real-life 2,400-square-foot condo is for sale
An SEC filing showed the Compass CEO is letting go of $25M in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary will become $900K
As real estate dives into the new year, 14 of the industry's top leaders looked back on mortgage rates, slow sales, antitrust suits, NAR drama and other headline-making stories from 2023
New York City and Palm Beach, Florida, shouldered the greatest number of high-end luxury transactions in 2023. Marred by its loathed new mansion tax, Los Angeles failed to make the cut
After a roughly 4-year run with Compass, the 18-person team has returned to Fox & Roach. The team closed more than $73M in sales volume in the last year
Aaron Schwid and Youngkey Chung trusted Compass agent Matt Isbell, in part because he had appeared on 'Million Dollar Listing.' But his home showing resulted in a major disaster
LA's luxury condo market has never seen a sales price above $35M. But some agents say that under the right conditions, a condo could sell for more — and it soon may be just the right time
Learn how this Nashville team focuses on relationship-building and how it's paying dividends as they grow their impact
Hart joined Compass in 2020. After his departure, the fast-growing brokerage will eliminate the role of chief operating officer
The off-market sale of the Brooklyn Society for Ethical Culture manse at 53 Prospect Park West for $13.5M has set a new local record
The real estate agent and interior design pro said he was making the move because of The Agency's boutique culture. He has closed more than $300M in sales volume during his career
The marketing executive spent 8 years at Vogue before transitioning into real estate and was instrumental in the founding of Compass' luxury division
Mesnick and his partner Chris Dalto have left Compass and brought their Seattle-based luxury team, MDG Residential, to Real. Within its 1st year, the team closed more than $100M in sales
The Georgia suit accuses NAR and major real estate companies of conspiring to keep commissions high. It's also the latest in a string of new cases following the Sitzer | Burnett verdict
More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they're beginning to see signs of a buyer's market unfold
A majority of agents and 55% of mortgage and real estate broker-owners agree that culture is the factor that sets a company apart, according to the latest Inman Intel Index results for October
25 Compass agents with the most buyer-exclusive agreements and in-person interactions after 100 days of 2024 will win a trip to NYC, lunch with Leonard Steinberg and dinner at Reffkin’s home
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
Compass' chief real estate strategist speaks this week at the Compass RETREAT on 'The Future of the Industry and Client Representation.' In a recent conversation, he shared his insights
In a keynote address at Compass RETREAT on Tuesday, the CEO stressed getting back to basics, forging sincere connections with clients as key to surviving and thriving in the current market
Throughout the week, RETREAT attendees will learn how to develop new business tactics, wield technology more efficiently and stay afloat as guidance around commissions changes in 2024
In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws
The Blackstone Team is based in Providence and closed more than $95M in sales volume last year. The team's move to Compass comes amid intense competition for top talent
Over the past few months, 34 agents have joined The Agency from Compass' Northern California offices. In total, The Agency has brought on 72 agents in the region over the course of 2023
'Batton 2,' exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another suit called Gibson
The brokerage has signed a lease for a 14,000-square-foot office space in the recently redeveloped HALL Park in Frisco, Texas, in a commitment to future growth in the region
Disrupting the National Association of Realtors' use of multiple listing services as a 'vehicle for higher commissions' is at the center of talks, lawyer Michael Ketchmark told Inman exclusively
The brokerage saw revenue fall 10% year over year, but also managed to cut net losses from $154M in the third quarter of last year to $39M this time around, according to a Q3 earnings call Monday
The Upper East Side native comes to the brand from Compass and has closed over $300M in sales during the course of his career. He specializes in Manhattan's luxury market
Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it?
Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy
The founding real estate agents of Christie's International Real Estate San Francisco | Marin | Wine Country hail from The Payton + Binnings Team and boast $200M in transactions annually
Dallas real estate agents Heather Guild and Elena Richey bonded with a non-agent friend, Melanie Stout, over a shared interest in true crime and real estate and the 'Crime Estate' podcast was born
St. Joseph statues, canceled flights, horseshoes, oh my! When clients are already nervous about a transaction, Friday the 13th could be the 'nail in the coffin,' agents said
The spacious duplex, located in Manhattan's Upper West Side Eldorado building, sold for $4.5M under asking after listing over a year ago
It takes a highly qualified real estate agent to perform at the level that many celebrities demand. Here are the top ones serving Hollywood today, according to 'The Hollywood Reporter'
The new office is located on the western edge of Country Club Plaza and is easily walkable from some of the neighborhood's premier hotels, restaurants and high-end shops
NYC-based brokerage Compass has acquired Realty Austin and Realty San Antonio for an undisclosed amount. The brokerage closed $5.24B in 2022 sales volume
Compass has recruited 15 agents from an Ocean City, New Jersey, RE/MAX franchise, 10 of whom will serve as principal agents. The new recruits represent $136M in 2022 sales volume
The luxury magazine with a distribution of about 35,000 will now be accessible to ultra-high-net-worth clients flying through select private airports in the US, the brokerage told Inman exclusively
Ronald Leonhardt Jr. purchased the Harbor Beach home for $23M in 2021. It includes 120 feet of water frontage, a lap pool, a full summer kitchen and docking capabilities for a megayacht
The kitchen may look groovy, but none of the appliances in 'The Brady Bunch' replica house are functional, new homeowner Tina Trahan learned shortly after acquiring the property
DPP Real Estate has more than 175 agents and specializes in architecturally significant properties. Moving forward, the firm will be known as DPP @ Compass
Natalie Hamrick and Kevin Van Eck, vets of Christie's and @properties, will take up Lim's former role as co-presidents. Nidhal Charfi also joins as VP of affiliate expansion, Inman has learned
The new tool comes during a year of heightened interest in artificial intelligence. It'll help agents write listing descriptions, craft social media posts and more
The house was purchased from the television network HGTV for about 9% less than the network paid for it in 2018 and has been sold to a fan of the sitcom who collects unusual homes
The new class brings the total number of Compass Sports & Entertainment Division agents up to 158, representing 71 different markets. In 2022, they closed more than $7.7B in sales volume
Leslie Clarke's team specializes in the upscale Westport and Fairfield County markets, according to an announcement. In 2022, the 2-agent team closed $124.33M in sales
Even as real estate companies cut costs and narrowed losses in the second quarter of 2023, the third quarter may deliver the truest test of their financial mettle, Mike DelPrete told Intel
Anne Hodge and Debra Dobbs are joining Compass in the Windy City. The agents together bring more than 60 years of experience in Chicago real estate, according to the company
California-based agent Janet Roberson told Inman a Compass team leader dismissed her after her controversial testimony at a school board meeting in April
Compass has partnered with the 40-year-old brokerage and its team of nearly 40 agents, marking the publicly traded brokerage's first office in Santa Cruz County, the company announced Wednesday
The pandemic first started opening luxury buyers' eyes to New Hampshire's second-home market opportunities, and now more and more ultra-luxury buyers are catching on
The biggest publicly traded brokerages and tech companies significantly slashed losses in the second quarter, restoring investor confidence, according to an Intel analysis of Q2 earnings data
Among the publicly traded real estate enterprises to release second-quarter earnings reports this month, 2 companies stood out for John Campbell, a managing director at analytics firm Stephens
Fires that roared through western Maui last week have destroyed thousands of homes and killed scores of people. The real estate community is trying to help pick up the pieces
The deal is just the latest of Ford's big-ticket transactions, following a couple multimillion-dollar home purchases in Palm Beach over the last several months
Compass has recruited the 2nd-largest Coldwell Banker teams in Denver and Seattle. They are the 51st and 52nd agents or teams to move from Coldwell Banker to Compass this year
Prior to CityRealty, Mason spent several years at Stribling & Associates which was acquired by Compass in 2019. Now she'll be reunited with many of her former colleagues, Inman has learned
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'
At Inman Connect Las Vegas, real estate strategist Mike DelPrete explained the 'unfair advantage' of the low-fee business models and how agents are the ultimate solution
'You've got to be comfortable with being uncomfortable,' said top-producing agent Dawn McKenna at Inman Luxury Connect
Compass' 2Q revenue dropped 26% year over year to $1.5B, according to an earnings call Monday. Despite lower revenue, the brokerage reached free cash flow positivity and slimmed net losses
Joseph Magsaysay will join Compass' leadership as the brokerage looks to enhance its luxury presence in Silicon Valley. Magsaysay says he's developed a 'people first' leadership strategy
Rebranded as HHG | Compass, the 12-agent team hails from Corona Del Mar, California-based luxury brokerage Residential Agent, Inc. with operations spanning San Francisco to Los Angeles
Ahead of his appearance at Inman Luxury Connect, the Spears Group founder told Inman demand for trophy properties or highly unique listings is at an all-time high throughout North Florida
Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they're watching with Intel
Compass Head of Coaching Courtney Smith said the brokerage's new data-powered Performance Tracker tool will enable agents and team leaders to track gross commission income, sales volume and other data
With sales down and inventory low, agents are combing social media, calling expireds and seeking out people with major life milestones. In other words, they're meeting the moment with creativity
As Billionaires' Row continues to reshape Manhattan's skyline one 'supertall' at a time, agents say a new class of buyer is gradually reshaping the demographics of New York's most exclusive block
Like the energy of its premier city, homebuyers and sellers in New York State are grappling with a rollercoaster summer, with extreme buyers' and sellers' markets taking consumers on a wild ride
Maggie Wu is the latest of many agents to 'boomerang' back to Compass after briefly leaving for another company. She leads the 4-person W Team which closed $102M in sales last year
The Swann Group's agents are the latest of hundreds who have moved from Compass to Coldwell Banker over the past year, the latter brokerage told Inman this week
The office launched in January 2023 and in the last 3 months has brought on 4 big regional names as well as 5 other high-performing luxury agents, according to the luxury brokerage
Former Pacific Union CEO and Compass California President Mark McLaughlin is returning as chief real estate strategist following a 2-year hiatus. He'll focus on improving the agent experience
Lloyd spent about 4 years at Compass before her move, Inman has exclusively learned. She helped facilitate nearly $200M in sales across New York City over her roughly 10-year career
Dallas-based team leaders Jason Castro and Liz Mello have moved their team, The Castro Group, to Compass. They are the 48th agent or team to move from Coldwell Banker to Compass this year
Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past 6 months and could well define the remainder of 2023
Compass CEO Robert Reffkin revealed on CNBC how volatile mortgage rates are sidelining homesellers and why a boost in existing-home inventory could happen as early as December
Compass Luxury Division has teamed with Paris-based luxury firm BARNES International to develop a new referral program, according to the company
For too long, Mike DelPrete argues, legacy brokerages shrugged off their low-fee competitors. Some of those barbs haven't aged well
Tacoma's Margo Hass Klein joined Compass this week, according to the company. She's the latest in a string of Coldwell Banker agents who decamped for Compass this year
The home Disney built in the early 1930s and lived in for nearly 2 decades, while releasing some of his company's most iconic films, is available for rent in Los Angeles' Los Feliz neighborhood
Native New Yorker and Providence, Rhode Island, agent Kira Greene offers advice and insight plus the lessons she's learned along her journey
Ambuehl, who once had a career as an actress, will lead the Brentwood office of Aaron Kirman's AKG | Christie's International Real Estate. Last year, she sold more than $250M in real estate
The luxury team spent 24 years with Coldwell Banker before realigning with Compass, Inman has exclusively learned. Last year, the team traded $80M in real estate transactions
In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3% mortgage rate 'as a financial asset' — at least for now
The real estate giants' omission from Fortune's annual list of the biggest companies illustrates just how far industry players have fallen as a result of a housing contraction that began in 2022
Reffkin's move to the social media-forward team will create a cross-generational collaboration that capitalizes on combining varied skill sets to best help clients, Inman exclusively learned
They may have fame and money, but celebrities have to go through the painful process of house hunting just like the rest of us, Bennifer's homebuying journey shows
The home in Studio City was renovated by HGTV in 2019 and has since been used in a number of the network's specials and series. Now one lucky buyer will be able to keep a piece of TV history
Meet McKenzie Ryan. From her Olympic training days to Season 2 of 'Kendra Sells Hollywood,' here’s the Real Tea in her own words
Find out how agent migration patterns can offer significant insight into the future of real estate brokerage growth
Most publicly traded real estate companies continued to bleed money in the first chunk of 2023. These metrics help explain why investors aren't panicking
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
Find out why Boca Raton, Florida, real estate agent Aaron Buchbinder views his Sunshine State location as a competitive advantage
Moving Medicine Partners will launch as a national network of agents later this month with St. Louis relocation specialist Zoe Cangas leading the new initiative, Inman has learned exclusively
Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector
The brokerage brought in a total of $957M in revenue and lost $150M. The results are something of a repeat from Q4 2022
Since the accelerator launched a decade ago, 80 companies have graduated from the program, an Intel analysis shows. More than 75% are still in business and about 20% have been acquired
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next
The 3-person New York City team is returning to Compass to further expand into luxury markets and take advantage of the company's technology offerings, team leader Aaron Seawood says
Adana Leonard and Tommy Kanarellis — who's returning to Compass after a stint at Douglas Elliman — focus on luxury listings and join the brokerage amid fierce competition for top agents