National
Compass’ IPO means payday for these investors
Compass investors could be in line for a windfall when the residential brokerage goes public later this year. Since...
Residential Brokerage
The Latest
National Issue
The Covid churn: Inside resi brokerages’ recruiting games
It’s a long-held tenet of the business that agents switch firms when times are bad — and few years...
National
Toxic talk: Agents’ use of social media app Parler stirs concerns
A few weeks after the election, Steve Martin Smith, a Florida-based RE/MAX broker, used his public Parler account to...
National Issue
The definitive guide to the Compass C-Suite
As it prepares for what would be one of the most anticipated IPOs of a residential firm in years, Compass has overhauled its C-suite and reorganized key departments. The firm has 18,000 agents (who...
National Issue
A different kind of real estate listing
“We don’t need to go public in order to raise capital.” It was September, and Robert Reffkin was making an appearance on CNBC’s Squawk Box, touting his firm’s ability to attract funds without needing...
National
Why Compass is going public now — and the obstacles it faces
Compass stepped closer to an IPO last week by tapping Goldman Sachs and Morgan Stanley as underwriters. But the...
National
Compass eyes IPO in 2021
Compass has tapped underwriters for a potential public offering that would be among the most buzzed-about IPOs in the residential world. The SoftBank-backed firm, which jolted traditional brokerages when it launched eight years ago,...
National
Virtual brokerage eXp notches most profitable quarter ever
eXp Realty’s profits soared during the third quarter thanks to the booming housing market and the firm’s virtual operations....
National
Elliman reports $12M profit in third quarter after a year of heavy losses
UPDATED, Nov. 5, 2020, 4:10 p.m.: Douglas Elliman is still reeling from New York City’s struggling residential sector, but...
National
Redfin accused of redlining in lawsuit
The National Fair Housing Alliance has accused Redfin of discriminatory policies and redlining, months after the national brokerage’s CEO pledged to address systemic racial discrimination. In a lawsuit filed Wednesday in the United States...