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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

In 2024, a year in which single-family residential resale transactions were at a 29-year low , Compass outperformed. By contrast, legacy brokerages did not perform nearly as well. And among privately held brokerages, the one executing most effectively on what Compass is proving in the public markets is SERHANT.

Brokerage 344
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The rise and fall of great real estate brokerage firms

Housing Wire

This cycle of ascent and decline is also evident in the residential brokerage industry. The same can be said for many regional and local brokerage firms that were once dominant but have since lost ground. Today, eXp faces pressure from a wave of low-cost, virtual brokerage firms. The question is: who will be next?

Brokerage 351
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William Raveis acquires Nantucket-based Jordan Real Estate

Housing Wire

Leading real estate brokerage William Raveis is making another game-changing acquisition before the new year. This week, the firm announced the acquisition of Nantucket, Massachussetts -based brokerage Jordan Real Estate (JRE). Co-owners Gloria Grimshaw and David Callahan acquired the brokerage from founder Lucille Jordan in 2007.

Brokerage 369
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Parties in the Hooper commission lawsuit seek preliminary settlement approval

Housing Wire

The Hooper commission lawsuit plaintiffs and the brokerage defendants that have reached proposed settlement agreements are looking to make things official. The four brokerages have agreed to business practice changes, as well as total payments of $44.05 Despite the criticism, eXp is not giving up without a fight.

Brokerage 418
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Stone Point Capital takes a stake in Keller Williams

Housing Wire

In an emailed statement, Keller Williams spokesperson Darryl Frost wrote that Stone Points investment is in recognition of the companys leadership, vision and efforts to drive innovation in the industry, reinforcing its position as the leading franchise brokerage firm. The monetary terms of the deal were not disclosed.

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Compass files an antitrust suit against NWMLS over its CCP

Housing Wire

Nearly 100% of the residential real estate transactions by Seattle area real estate brokers are listed on NWMLS, and NWMLS has no meaningful competitors, the complaint adds. District Court in Seattle against Northwest MLS (NWMLS) over NWMLSs Clear Cooperation Policy (CCP) on Friday.

Brokerage 397
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eXp Realty adds rockstar agent Joshua Smith to its network

Housing Wire

Brokerage giant eXp Realty is adding a superstar agent to its ranks. According to the brokerage, Smith has been a standout in the real estate business for 20 years. According to the brokerage, Smith has been a standout in the real estate business for 20 years. agents by the The Wall Street Journal.

Agents 397