Airbnb is acquiring the online hotel booking platform HotelTonight Inc. in a move to diversify its service offerings. The rental-by-owner company announced the acquisition Thursday, saying in a statement that HotelTonight will help further Airbnb’s mission to “create a world where anyone can belong anywhere.” HotelTonight was founded in 2010 and offers deals on unsold […]
Baton Holdings, the successor company to financial services and marketing company Bankrate, has agreed to pay $28 million in fines to resolve a government investigation into accounting and a securities fraud scheme carried out by former executives. In settlement documents with the U.S. Department of Justice (DOJ), Bankrate admitted former executives engaged in a scheme […]
Keller Williams company-wide purge of “ghost agents” immediately dropped the franchisor’s agent count by nearly 11,000, according to company earnings. Source: click here
The number of homeowners sitting on negative equity has grown for the first time in four years, according to new data from CoreLogic released Thursday. Nationwide, 35,000 more homeowners now owe more for their mortgages than their homes are worth — an unexpected figure given that the numbers have been falling since 2015. In total, […]
Invariably, in high-stress and high-emotion situations like buying and selling real estate, there are often points where things can become stalled, and everyone needs a time out. Here are nine situations in which negotiations can easily get put on pause. Source: click here
RE/MAX agent Paul Saperstein was successful on his own, but he was ready to start a team — so he moved over to eXp and teamed up with colleague Tony DeFalco to launch The Saperstein Team. Here’s how switching brokerages to start a team worked out for him. Source: click here
Zillow dived into iBuying after seeing it, and startup Opendoor specifically, as an “existential threat,” the company’s newly reinstalled CEO said this week, and he anticipates major changes to its current practice of charging agents for a subscription to get leads. Rich Barton, co-founder and CEO of Zillow Group Rich Barton, who returned to the […]
Leading Edge Real Estate, a Boston indie that split from RE/MAX Integra is suing its former franchisor for what it’s calling a “predatory recruiting” campaign in violation of franchise agreements, in the wake of the divorce. Source: click here
After struggling to sell her Hollywood Hills home, Katy Perry has inked a $9.4 million deal with prominent restaurateur Michael Chow. Chow, who owns a chain of the Mr. Chow Chinese fine dining restaurants across the U.S. and London, purchased Perry’s house just a bit below the $9.45 million she had been asking since 2017. Because Perry […]
All teams have to start from square one. Hear from successful team leaders, moderator Kris Lindahl, Rachel Adams Lee, Jeremy Stein and Daniel Beer, as they reflect back on what they did early on to set up their teams for success. Source: click here
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