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Redfin stockholder files suit over disclosures in Rocket deal

May 12, 2025 by bp56691
Redfin shareholders are set to vote on Rocket’s acquisition of the firm next month, but one stockholder has issues with the disclosures.
Categories Glenn Kelman, Goldman Sachs, HWmember, Lawsuit, Legal, Mergers and Acquisitions, Mortgage, Real Estate, Redfin, Rocket Companies

ERA Real Estate franchise affiliate announces Texas partnership

May 12, 2025 by bp56691
The combined firms now represent 111 agents who handled 1,563 transactions and $738 million in sales volume in 2024.
Categories Brokerage, First-Time Homebuyers, HWmember, Partnerships, Real Estate, Real Estate Agents, Texas

eXp Realty launches land and ranch division

May 9, 2025 by bp56691
The new division is designed to support agents working in a growing sector of the housing market with tools tailored to land and ranch transactions.
Categories Brokerage, eXp Realty, eXp World Holdings, HWmember, Real Estate, Real Estate Agents

Deadline looms in Minnesota property tax forfeiture lawsuit

May 9, 2025 by bp56691
As many as 15,000 people may qualify for payment if they lost a home, business or other property due to tax forfeiture between 2012 and 2023
Categories Affordability, HWmember, Lawsuit, Legal, Minneapolis, Minnesota, Property Tax, Real Estate, Supreme Court

Robert Reffkin on Compass’s pre-marketing strategy: What’s the downside?

May 8, 2025 by bp56691
Robert Reffkin on Compass’s pre-marketing strategy: What’s the downside?
Compass’s market share has peaked, rising from 4.47% a year ago to 6% at the end of March, while its principal agent count jumped to 20,656.
Categories Brokerage, Clear Cooperation, Compass, Earnings, HWmember, Real Estate, Robert Reffkin

Frederick Warburg Peters joins Brown Harris Stevens

May 8, 2025 by bp56691
Frederick Warburg Peters joins Brown Harris Stevens
Real estate industry veteran and founder of Warburg Realty is joining Brown Harris Stevens. Warburg Realty sold to Coldwell Banker in 2021.
Categories Coldwell Banker, HWmember, New York, New York City, People Movers, Real Estate

Zillow posts strong Q1, touts listing transparency and app traffic

May 7, 2025 by bp56691
CEO Jeremy Wacksman said the company remains on track to meet its full-year goals, including low- to mid-teens revenue growth.
Categories Clear Cooperation, Earnings, HWmember, Real Estate, Real Estate Listings, Rental Properties, Zillow, Zillow Premier Agent

eXp posts steady Q1 earnings, reinforces Clear Cooperation stance

May 6, 2025 by bp56691
eXp World Holdings, the parent company of eXp Realty, reported first-quarter 2025 earnings on Tuesday that highlighted modest growth in revenue, an assertive stance on real estate listing transparency and investments in artificial intelligence (AI).
Categories Brokerage, Clear Cooperation, Earnings, eXp Realty, eXp World Holdings, Glenn Sanford, HWmember, Real Estate

Your voice matters: Shape the future of real estate in your community

May 6, 2025 by bp56691
The real estate industry is facing another change. This isn’t the first time, and it won’t be the last. In the face of change, the industry has always innovated on behalf of buyers and sellers. This time, it’s about updates to the Clear Cooperation Policy. 
Categories Agent, Contributors, HWmember, Opinion, Real Estate

Redfin reports falling revenue, higher losses in Q1 2025

May 6, 2025 by bp56691
Redfin did not host an earnings call ahead of its pending acquisition by Rocket Companies, a move CEO Glenn Kelman said the firm is excited for.
Categories Earnings, HWmember, Mergers and Acquisitions, Real Estate, Redfin, Rocket Companies
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