Cash Bonuses Gain Popularity

November 2, 2017
As the housing market bounces back and competition for agents intensifies, brokers increasingly are paying signing bonuses to lure agents away from rivals. Brokers from various corners of the country report that recruiting bonuses range from as little as $6,000 to as much as $100,000. Compass and Coldwell Banker often are cited as aggressive payers…

 

Redfin and Others May be Less “Disruptive” Than Once Thought

October 5, 2017
Fresh off a successful debut on the stock market, Redfin founder Glenn Kelman took something of a victory lap at this summer’s Inman Connect conference in San Francisco. Redfin has opened offices nationally with a strategy of paying salaries to agents and charging sellers a fee of just 1 percent or 1.5 percent, depending on…

 

Realtor Association Revenue Growth Outpaces CEO Pay

September 21, 2017
The nation’s 60 largest Realtor organizations pulled in some $600 million in revenue in 2015, and they paid their CEOs more than $20 million. That’s according to Real Estate Broker’s Insider’s annual analysis of tax returns filed by national, state, and regional associations. Most organizations’ 2015 returns were made public this spring and summer. The rising…

 

No Sign of Slowdown

August 24, 2017
Defying historical norms, U.S. home prices have grown far faster than wages in recent years. It’s a trend that troubles Lawrence Yun, chief economist of the National Association of Realtors. He has been fretting publicly that the housing market has entered some sort of illogical zone of appreciation, one where home prices consistently post 8…

 

Big Brokers Report Rising Revenues, Fatter Profits, Some Challenges Remain

April 20, 2017
It’s nothing like the housing boom of 12 years ago, but today’s real estate market is on a decided upswing, one that has rewarded the nation’s largest brokers with higher revenue and profits. But, as Realogy Chief Executive Richard Smith indicates, this boom faces a number of headwinds, reflecting the muted nature of this housing…