CategoryReal Estate Brokerage

The Buy Side Commission Collapse That Didn’t Happen

Time to read [8 minutes] Takeways Despite predictions of steep declines after the 2024 NAR and Sitzer‑Burnett settlements, buyer‑agent commissions have largely held steady or risen, supported by research from the Consumer Policy Center and the Federal Reserve. Slower sales cycles have increased demand for agent expertise and fullservice support, sustaining traditional commission structures even...

Compass Paid Double Nickels On The Dime For Anywhere

Time to read [9 minutes] Takeways Compass announced an allstock acquisition of Anywhere (the industry’s largest legacy brokerage), a deal nearly tripling its sales volume while planning to maintain brand identities postmerger. The acquisition raises potential antitrust concerns due to Compass’s private listing network, which limits market transparency, reduces consumer exposure to...

The Blizzard Of Oz Without Walk-ins Or Snow

Time to read [7 minutes] A Segue From A Personal Experience To Rock Music Is Underrated ”Uptime” In A Real Estate Brokerage Office Is Underrated Direct Interaction With Homebuyers Early On Is More Effective If you like heavy metal music, this has been an eventfilled couple of weeks with the historic last Black Sabbath concert on July 5th and images of Ozzy Osborne on his throne (a perfect...

Amid Housing Economy Confusion, Perhaps Compass Is Purchasing BHHS After All?

BHHS CEO Who Denied Compass Was Acquiring His Firm Last Month, Just Stepped Down Companies Are Beginning To Use Two Scenarios When Forecasting The 2025 Economy Lack Of Clarity Continues To Define The New Global Trade War Era The headlines screamed Gino Blefari had stepped down as HomeServices CEO, and everybody in the industry gave a knowing nod. A month ago, after some terrific reporting by the...

Rental Is Mental But Hurts Like Dental

NYC Rentals Are Setting New Price Records As Mortgage Rates Remain Stuck Manhattan Is Not A Leading Indicator For The US Housing Market Multifamily Sales Are Expected To Go Big In 2025 Back in college, I remember reading a story about the first lead singer for Van Halen getting into a bar fight, saying his adversary’s problem was “more dental than mental.” I applied the literary flex to today's...

Will Redfin Finally Become A Rocketship?

Redfin Snapped Up By Rocket Mortgage Becoming A Notable Threat To Zillow Redfin, The Discount Real Estate Broker, Never Figured Out How To Be Profitable Rocket Has Always Seemed To Defy Interest Rate Gravity And Redfin Has Great Tech Wow. Today is the birthday of the World Wide Web. No one saw the acquisition of Redfin by Rocket Mortgage coming, and perhaps that's what makes this transaction so...

Seat Time, Not Acquired Knowledge, Seems To Be The Currency Of Real Estate Continuing Ed.

SeatTime Is The Primary Emphasis Of Real Estate CE Classes CE Classes Are A Cottage Industry That Likely Doesn’t Try To Protect The Consumer Professional Competence Should Be Rewarded, Not Punished I’ve always been a fast test taker. I can’t explain it, but in high school and college, I was always one of the first students to turn in my exams. I’m certainly not the smartest, as my grades would...

The New Compass Plan Seems…2-Sided

It is Never Ethical To Hide Information From Homebuyers All Real Estate Brokerages Would Love To Have Both Sides Of A Sale Compass Is Pushing For A Private Network To Control Listings And Recruitment I need to get something off my chest as I watch the "NAR Clear Cooperation" litigation wars play out. Compass is banking on Clear Cooperation being dismantled to set up a private listing network. I...