AJ LaTrace

6 days ago | realestatenews.com | AJ LaTrace |Dave Gallagher

Compass CEO Robert Reffkin reiterated the brokerage's commitment to seller choice when it comes to private listings and pre-marketing during the company's first-quarter earnings call on May 8. But Reffkin also highlighted a number of positive metrics, including major year-over-year upticks in revenue, transactions and principal agents. "I'm pleased to share that in the first quarter, the gap between Compass and the industry continued to widen," Reffkin told investors.

1 week ago | realestatenews.com | AJ LaTrace

Key points:Aperture Global launched on May 8 in 15 states and four international locations, with another 20 global markets slated to onboard in coming weeks. LPT Realty founder and CEO Robert Palmer said the new brand will compete directly with Compass, Christie’s and Sotheby’s for ultra-high-net-worth clients. The launch comes as LPT leaders prepare the company for an IPO, which Palmer said could be as early as late 2025. A new competitor in the luxury real estate space has emerged.

1 week ago | realestatenews.com | AJ LaTrace

Key points:IL State Rep. Lilian Jiménez said she was interested in the fair housing aspect of the bill and sees value in adding “safeguards” to protect Illinois consumers.

1 week ago | geekwire.com | AJ LaTrace

This story originally appeared on Real Estate News. Redfin on Tuesday announced its last quarterly earnings results as an independent company, with its acquisition by mortgage giant Rocket to be finalized later this summer. The Seattle-based brokerage and home search portal saw a decline in most major metrics compared to the previous quarter, including a drop in revenue and transactions, and increasing net losses stemming largely from its real estate services division and corporate overhead.

2 weeks ago | realestatenews.com | AJ LaTrace

Key points:Compass says the exclusive listings books allow competitors and consumers to see what homes are being pre-marketed before going to the MLS. “If Compass’ goal were to double end deals, it would keep office exclusives in-house,” the company said in the announcement, responding to critics of its private listings push. Some industry leaders have expressed concerns about fair housing, warning of a return to an era where inventory was fragmented and access was limited.