National
For Compass agents who invested, IPO is watershed moment
For Compass agents invested in the firm’s success, nothing can rain on their parade. Last week, Compass’s initial public...
Residential Brokerages
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National
What you need to know about Compass’ IPO this week
Compass’ hotly anticipated IPO is finally (almost) here. The venture capital-backed residential firm is set to go public in...
National
Redfin revenue grows as it races to hire more agents
The hot housing market has crowned another winner: Redfin. The discount brokerage reported revenue of $866.1 million in 2020,...
Compass to acquire Bold New York
Compass is acquiring Bold New York, a 10-year-old brokerage with a robust portfolio of rental developments, The Real Deal has learned. The deal, announced by Bold at a town hall meeting Tuesday, will boost...
National
Gene Martinez, early Compass recruit, dies
Gene Martinez, a longtime New York City sales manager who was one of Compass’ earliest recruits, died Tuesday night. He was 60. Compass CEO Robert Reffkin informed managers of Martinez’s sudden death in an...
National
Realogy profit surges to $98M as sales rebound
Citing explosive growth in the housing market, Realogy’s profit surged during the third quarter and the brokerage giant said...
National
Drawing agent ire, Zillow bets on brokerage to deliver profits
At the risk of alienating agents, Zillow is also banking on them to reach an elusive goal: profitability for...
National
Realogy settled part of its $400M Cartus lawsuit. Now what?
Realogy settled part of its lawsuit over the aborted $400 million sale of its relocation business. In a regulatory...
National
Realogy’s Q2 profits plunge after “unprecedented” drop in sales
Realogy’s profits plunged during the second quarter, after coronavirus slowed home sales across the country, the brokerage giant said...
Core lays off staffers, slashes pay
UPDATED, April 24, 2020, 2:55 p.m.: Over the past few weeks, as rival brokerages enacted furloughs and pay cuts, Core employees continued to work full-time for full pay. Some hoped that the Related Companies’...