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Opinion: Is the industry positioned for a mass exodus of real estate agents?

Housing Wire

The data spanning from 2009 to 2023 reveals a notable correlation between the total real estate transactions in the USA, termed national transactions , and the movement of agents between brokerages. Generally, as national transactions increase, there is a corresponding rise in the number of agents transitioning to different brokerages.

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Redfin settles commission lawsuits for $9.25 million

Housing Wire

Redfin joins Douglas Elliman , Realty One Group , At World Properties, Anywhere , RE/MAX , Keller Williams , Compass , HomeServices of America and The Real Brokerage, in settling the commission lawsuits filed by homebuyers and sellers that allege artificial inflation of agent commissions.

Brokerage 436
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Realty One Group joins growing list of firms to settle commission lawsuits

Housing Wire

Chicago-based At World Properties also announced on Wednesday that it has settled the commission lawsuits , joining Anywhere , RE/MAX , Keller Williams , Compass and The Real Brokerage. The National Association of Realtors has also reached a nationwide settlement of the commission lawsuits.

Brokerage 417
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Nevada real estate firms hit with second commission lawsuit

Housing Wire

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions.

MLS 439
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eXp posts $15.6M loss in Q1 2024 

Housing Wire

While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. In Q1 2024, the company reported a $15.6 million loss compared to a net gain of $1.5 million in Q1 2023. billion, while transaction sides increased 8% year over year to 110,976.

Brokerage 375
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Court allows Gibson and Umpa suits to consolidate

Housing Wire

National Association of Realtors , et al., Defendants in the Gibson suit include NAR, Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Bough ruled Tuesday that the Umpa and Gibson commission lawsuits can consolidate.

Brokerage 383
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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Ocala, Florida -based Foxfire Realty is the latest firm to join a national brand, announcing its move to RE/MAX on Wednesday.

Brokerage 399