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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.

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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.

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

Brokerage 418
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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. In late March, a website called Washington Homeowner Rights and backed by Compass, surfaced soliciting NWMLS home sellers for a potential class action lawsuit.

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. eXp isnt just a brokerage its a movement for growth, innovation, and shared success. According to eXp, Smith’s expertise goes beyond residential real estate.

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Here’s how brokerage valuation works

Housing Wire

Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage is highly dependent on the recruiting, retention and production of independent contractor sales agents. approach to value.

Brokerage 448