Generated revenue remained flat at $1.1 billion from the same period a year ago while the franchisor improved net losses by 27 percent year over year to a loss of $101 million, according to a Thursday earnings call.
Category: Anywhere
Recruiting War ’24: Agents field new offers constantly, Intel finds
A slower market and a crowded brokerage landscape have shifted efforts from quantity to quality, new reporting and Intel survey results reveal. For agents, it’s now an unavoidable aspect of the job.
C21’s Mike Miedler speaks on the power of a ‘to-don’t’ list
The real estate conference season is heating up, as multiple real estate brands descend on Las Vegas to rally agents and brokers for what will undoubtedly be another challenging year. Century 21 is the latest brokerage to roll the dice in Sin City, with its annual One 21 Experience taking place in the Fontainebleau from Mar. 4 to 7.
Anywhere posts declining revenue, losses in ‘incredibly tough housing market’
The real estate brokerage and franchisor posted $5.6 billion in revenue during a grueling 2023 while losses improved to $97 million, according to a full-year earnings call on Thursday morning.
‘The vibe is pretty good’ as first earnings season of 2024 kicks off
Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023.
Robert Reffkin relinquishes stock unit awards for $7M cash bonus
An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000.
From Sitzer to Moehrl, 2023 was the year of commission confusion
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn’t the only lawsuit with commissions in the crosshairs.
Redfin eliminates salaries, pivots to commission model in LA and SF
Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program.
Your commission’s on trial. Here’s what to know: The Download
The bombshell buyer commission trial is finally here. We’re making sure you’re all caught up before it begins this week.
‘Modest’ commission proposals are insufficient, says watchdog
Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive landscape around agent commissions.