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DataDigest: What happens if 1 million real estate agents disappear?

Housing Wire

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Who’s most exposed? If 1 million agents disappear?

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Compass acquisition could worry some California agents

Housing Wire

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month.

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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. Anywhere, world’s largest franchisor of residential real estate brands and formerly known as “Realogy,” attributed this drop to a steep drop in home sale transaction volume. “We

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Judge rules for Zillow in REX antitrust lawsuit

Housing Wire

REX grabbed national attention in March when the residential real estate brokerage filed a lawsuit alleging an antitrust conspiracy between listings giant Zillow and the powerful National Association of Realtors. The brokerage has “Co-listed properties with MLS agents to increase the online presence of client’s listings.”.

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Title industry prepares for possible changes in a post-commission lawsuit world

Housing Wire

They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.” Industry professionals are also anticipating changes in the types of joint ventures and affiliated business agreements (ABAs) populating the title space.

Title 409
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Recruiting Insight Expands Its Capabilities To Canada With Agreement To Service Cape Breton Realty

Realty Biz

Recruiting Insight and Cape Breton Realty announced an agreement to leverage the Recruiting Insight capabilities to grow agent count and market share. In addition, the firm has collected items donated by clients, agents, and friends, as well as the public, for a large yard sale. Cape Breton Realty has offices in St.

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Why the US MLS system is the envy of other countries

Housing Wire

They also recently closed on their purchase of a new home. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. And they paid a 1% fee to their solicitor for their purchase. All in all, my parents paid 4.5% experience.

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