With agent count sinking, RE/MAX will consider business model changes

Is a business model change coming for RE/MAX? The possibility was floated on the company’s second-quarter 2024 earnings call Friday morning, as the brokerage’s sinking agent count continues to suppress revenue in what’s already a difficult housing market for real estate companies.RE/MAX has operated
Read MoreBlend remains confident in Q4 profitability as rates provide an ‘encouraging signal’

Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as it signed deals with new customers across the mortgage and consumer banking channels. But executives expect a shift in the landscape due to declining interest rates, which may help them achieve profitability i
Read More‘Real Estate Insiders’ discuss commission sharing risks and alternate practices

In a recent episode of the Real Estate Insiders Unfiltered Podcast, the hosts dive into commission sharing practices for agents, the associated risks and the alternatives ahead of the National Association of Realtors‘ (NAR) business practice changes that are set to take effect on Aug 17. Co-hosts Ja
Read MoreCourt grants preliminary approval to HomeServices’ commission lawsuit settlement

HomeServices of America is one step closer to moving on from the home seller commission lawsuits. On Thursday, Judge Stephen R. Bough — who is overseeing the Sitzer/Burnett and Gibson/Umpa commission cases — granted preliminary approval to the brokerage firm’s settlement agreement.“The Court finds t
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