With a 38-year history ranking residential real estate’s most successful U.S. brokerage firms, RISMedia’s annual Power Broker Report & Survey has had a front row seat to industry change, witnessing the various stages of the brokerage lifecycle—growth, acquisition, merger, rebrand, as well as shops closing up for good. The degree and pace of change in…
Following the big news of REMAX being acquired by The Real Brokerage, the company’s CEOs were quick to express confidence that the two companies had plenty of synergy and that the stunning joining of forces was the right move at the right time. In an interview with RISMedia, as well as speaking to investors shortly…
Around 7:14 a.m. on a random Thursday, someone in nearly every brokerage office, group chat, or Slack channel sends the same message: “Did you see the news?” Another merger. Another acquisition. Another domino in a consolidation cycle that’s starting to feel less like a phase and more like the industry’s new operating system. The headlines…
In a time of significant market consolidations—Compass acquiring Anywhere, Keller Williams bringing on a private equity firm, Rocket Companies acquiring Redfin and more—Howard Hanna Real Estate Services is expanding its business with its entrance into the New York City market with the acquisition of Manhattan-based Elegran Real Estate, which claims around 150 agents. The company…