Broker News

Talking Strategy And Sheltering in Place With Jerry Mooty

By Elaine Raffel / June 25, 2020 / 0 Comments

Mooty is joining Rogers Healy and Associates as Director of Strategy, a new position that will contribute to the company’s business development activities.

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JP & Associates Launches New Program to REPAIR America With Open Communication

By Candy Evans / June 18, 2020 / 3 Comments

On the eve of Juneteenth 2020, Frisco-based JP & Associates Realtors is launching a new company-wide initiative to drive communication about social injustice in the world called Real Estate Professionals Against Injustice and Racism, or R.E.P.A.I.R. “We want peaceful, constructive action and communication to build mutual respect among all races,” says Giuseppe JP Piccinini, founder […]

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Compass Cuts Salaries Up To 50 Percent For 3 Months, Offers Restricted Stock For Lost Wages

By Joanna England / April 22, 2020 / 0 Comments

As more and more brokerages look for ways to survive the coronavirus outbreak, Compass CEO Robert Reffkin announced another round of cost-saving measures for the brokerage. After a round of layoffs that shed 15 percent of Compass’ staff and curbed executive salaries by 25 percent, the brokerage will now trim salaries by 10 to 50 […]

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Breaking: Redfin Furloughs 41 Percent of Salaried Agents

By Candy Evans / April 7, 2020 / 0 Comments

The company chose to furlough agents instead of laying off in order to benefit from the $2 trillion CARES Act stimulus. Seattle-based Redfin, one of the very first disruptive brokerages to set the scene for upending the traditional brokerage model, announced Tuesday that it will furlough 41 percent of its agents, totaling nearly 600 people, […]

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Brokerages Keep Sales Moving With Technology Partnerships, Virtual Tours

By Joanna England / April 6, 2020 / 0 Comments

As showings and open houses dwindle during the biggest season in real estate sales, brokerages are finding innovative ways to adapt to this new normal, specifically with virtual tours.

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Compass Lays Off 15% of Corporate Staff, Blames COVID-19

By Candy Evans / March 24, 2020 / 0 Comments

Compass agents to have company-wide teleconference call with Reffkin The Real Deal reports that Compass has laid off 15 percent of its staff company-wide, blaming economic fall-out from COVID-19. In a move that is being echoed at many companies now across the U.S., CEO Robert Reffkin said he would forgo a salary entirely and executive […]

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