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Mindy Grubb Named Executive Director of eXtend a Hand, Uniting Real Estate Leadership with Philanthropic Purpose
GlobeNewswire News Room· 2025-04-30 16:00
Core Insights - eXp Realty has appointed Mindy Grubb as Executive Director of eXtend a Hand, its charitable foundation aimed at supporting agents, staff, and their families during crises [2][4] - Grubb has over 20 years of experience in the real estate industry, previously serving at Keller Williams and leading philanthropic efforts at KW Cares [3] - The foundation's mission is to enhance support systems for those facing unexpected hardships and to expand its reach through national campaigns and agent-driven giving [4] Company Overview - eXp World Holdings, Inc. is the holding company for eXp Realty and SUCCESS Enterprises, with eXp Realty being the largest independent real estate brokerage globally, boasting nearly 83,000 agents across 26 international locations [7] - eXp Realty operates as a cloud-based, agent-centric brokerage, offering industry-leading commission splits, revenue share, equity ownership opportunities, and a global network for agents [7] - SUCCESS Enterprises, part of the eXp ecosystem, provides agents with resources for skill enhancement and business growth [8][9]
KE Holdings Inc. to Report First Quarter 2025 Financial Results on May 15, 2025 Eastern Time
Globenewswire· 2025-04-30 10:00
Company Overview - KE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services in China [3] - The company operates Lianjia, a prominent real estate brokerage brand, which has over 23 years of operational experience since its inception in 2001 [3] - KE Holdings aims to build infrastructure and standards to enhance the efficiency of housing transactions and services, including home sales, rentals, renovations, and furnishings [3] Financial Reporting - The company will report its unaudited financial results for the first quarter of 2025 before the U.S. market opens on May 15, 2025 [1] - An earnings conference call is scheduled for 8:00 A.M. Eastern Time on the same day, with registration required for participants [2] Investor Relations - A replay of the conference call will be available until May 22, 2025, with specific dial-in numbers provided for different regions [2] - The company maintains an investor relations website where live and archived webcasts of the conference call can be accessed [2]
这些机构被通报!佛山房地产经纪机构检查结果出炉
Nan Fang Du Shi Bao· 2025-04-30 00:20
4月27日,佛山市住房和城乡建设局发布通告,近日该局联合属地区局共抽查了全市五区18家房地产经 纪机构,调查结果如下: 通报批评 1.部分房地产经纪品牌加盟店等机构存在交易流程、服务标准、收费详情等公示不规范问题,如(德 佑)佛山市富乐房地产有限公司、(德佑)佛山市高明区栢林房地产经纪有限公司、(德佑)佛山市铵 铖房地产代理有限公司、(德佑)佛山市百正房地产信息咨询有限公司乐从分公司、(富房)佛山市合 盟房地产经纪有限公司、(富房)佛山市三水盛泓地产有限公司、(乐远)佛山市星晟房地产经纪有限 公司、(21世纪不动产)佛山市爱有家房地产咨询有限公司、佛山市财富居房地产中介服务有限公 司、佛山市家怡美房产代理有限公司等均不同程度存在此类问题。 2.证照与实际经营不符、从业人员信息超过有效期,如中海租售(海五路店)。 3.未办理房地产经纪机构备案,从事房地产经纪服务,如佛山市高明区斌鹏房地产经纪有限公司。 4.代理二手房源未能提供相关委托手续,如佛山市昊骏地产顾问有限公司、佛山市汇德房地产有限公 司、佛山市三水区富仁房地产中介服务部、佛山市创好房地产经纪服务有限公司。 通报表扬 部分房地产经纪机构证照齐全、公示规范 ...
Kirkland, WA New Construction Expert Feisal Ramjee Joins eXp Realty
GlobeNewswire News Room· 2025-04-29 16:00
Core Insights - eXp Realty welcomes Feisal Ramjee, a leading expert in new construction, to its network of agents, enhancing its capabilities in the real estate market [1][4] - Ramjee has a strong track record, leading sales for 30 new homes in 2025 and another 30 in development for 2026, showcasing his expertise in the new construction sector [2][4] - His annual sales volume ranges between $60 million and $88 million, indicating a significant contribution to eXp Realty's growth [3] Company Overview - eXp World Holdings, Inc. is the parent company of eXp Realty and SUCCESS Enterprises, with eXp Realty being the largest independent real estate brokerage globally, boasting nearly 83,000 agents across 26 international locations [5] - The company operates as a cloud-based, agent-centric brokerage, offering competitive commission splits, revenue sharing, and equity ownership opportunities to its agents [5] Strategic Moves - Ramjee's transition to eXp Realty is aimed at gaining financial flexibility and expanding into new markets, particularly Arizona, leveraging eXp's referral network [4] - The company supports Ramjee's vision of mentoring future agents and building a sustainable income stream through revenue sharing, aligning with its growth strategy [4]
Anywhere(HOUS) - 2025 Q1 - Earnings Call Transcript
2025-04-29 13:32
Financial Data and Key Metrics Changes - The company reported Q1 2025 revenue of $1,200,000,000, representing a 7% increase year-over-year [15] - Operating EBITDA was approximately breakeven, with a negative $1,000,000, an improvement of $12,000,000 or 92% compared to the previous year [15] - Free cash flow for Q1 was negative $130,000,000, showing a $15,000,000 year-over-year improvement [16] Business Line Data and Key Metrics Changes - The Anywhere Brands business generated $97,000,000 in operating EBITDA, an increase of $7,000,000 due to higher transaction volume and lower expenses [17] - The Anywhere Advisors segment had an operating EBITDA of negative $47,000,000, improving by $12,000,000 year-over-year driven by higher revenue and lower operating costs [17] - The Integrated Services segment reported an operating EBITDA of negative $18,000,000, down $3,000,000 from Q1 2024, despite a revenue increase of $7,000,000 [18] Market Data and Key Metrics Changes - The company experienced a 6% volume increase, significantly outperforming the National Association of Realtors' (NAR) 3% volume growth [8] - Luxury segment volume was up 16% year-over-year, with luxury listings increasing by 12% [9][10] - April volumes were relatively flat compared to Q1, attributed to market and macroeconomic volatility [8] Company Strategy and Development Direction - The company launched "Reimagine 25" to transform operations and enhance customer experiences through technology [9] - The focus remains on expanding luxury leadership and enhancing the integrated business model covering all aspects of real estate transactions [5][6] - The company aims to achieve $100,000,000 in cost savings for 2025, with $14,000,000 already realized in Q1 [9][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating a challenging housing market and emphasized the importance of broad distribution of listings for customer benefit [14][34] - The company anticipates operating EBITDA for the full year to be around $350,000,000, with the housing market being a significant variable [23] - Management noted that luxury continues to outperform, with positive trends in volume and pricing despite broader market volatility [100] Other Important Information - The company is actively pursuing AI initiatives to enhance productivity and operational efficiency [12] - There is a commitment to transparency and consumer choice in listing distribution, which management believes will benefit long-term business sustainability [14][34] Q&A Session Summary Question: Insights on clear cooperation policy and its impact on investors - Management emphasized the importance of broad listing distribution for achieving the best prices for sellers and maintaining customer trust [29][34] Question: Commentary on commission rates and market dynamics - Management noted a slight decline in commission rates, attributed to both buy-side and list-side pressures, with luxury segments experiencing more significant changes [36][39] Question: Performance of integrated services segment and investment impacts - Management acknowledged investments in technology and agent recruitment as factors affecting the integrated services segment, with expectations for improved performance in the latter half of the year [69][70] Question: Trends in luxury market and seller behavior - Management reported that luxury listings continue to perform well, with no significant changes in days on market or cancellation rates observed in April [98][100]
Anywhere(HOUS) - 2025 Q1 - Earnings Call Transcript
2025-04-29 13:32
Anywhere Real Estate (HOUS) Q1 2025 Earnings Call April 29, 2025 08:30 AM ET Company Participants Alicia Swift - Senior VP of Investor Relations & TreasuryRyan Schneider - CEO, President & DirectorCharlotte Simonelli - Executive VP & CFOAnthony Paolone - Executive DirectorJohn Campbell - Managing DirectorTommy McJoynt-Griffith - DirectorNick McAndrew - Equity Research Associate Conference Call Participants Matthew Bouley - Analyst Operator Good morning and welcome to the Anywhere Real Estate First Quarter t ...
West USA Realty joins Zillow in championing transparent listing practices
Prnewswire· 2025-04-24 21:00
Major Arizona brokerage inks agreement to align with Zillow's consumer-first listing access standardsSEATTLE, April 24, 2025 /PRNewswire/ -- West USA Realty, the Southwest's largest regional real estate brand, is joining Zillow in its pro-consumer commitment to listing transparency and ensuring the largest possible audience of buyers can see its listings. Zillow recently introduced new listing access standards designed to give consumers and agents equitable and timely access to real estate information, cont ...
La Rosa Holdings Corp. Announces Authorization of Stock Buyback Program
Globenewswire· 2025-04-24 12:30
Celebration, FL, April 24, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a real estate and PropTech company, announced today that its Board of Directors has a stock buyback program to repurchase up to $500,000 of its outstanding shares of common stock on the open market, in accordance with all applicable securities laws and regulations. The Company's decision to repurchase its shares, as well as the timing of such repurchases, will depend on a variety of factor ...
MARY LEE BLAYLOCK JOINS SOTHEBY'S INTERNATIONAL REALTY AS PRESIDENT OF BROKERAGE
Prnewswire· 2025-04-21 19:30
Company Overview - Sotheby's International Realty announced the appointment of Mary Lee Blaylock as president of brokerage, responsible for leading company-owned brokerage operations across 48 offices in the U.S. [1] - The company supports over 2,300 affiliated agents who generated an annual sales volume of $20 billion in 2024 [1]. Leadership Background - Mary Lee Blaylock brings over 30 years of residential real estate experience, previously serving as senior vice president at HomeServices of America, Inc., where she led transformation initiatives across 35 companies [2] - She was also the president and CEO of Berkshire Hathaway HomeServices California Properties, managing 56 offices and 3,000 agents, and was responsible for the National Luxury Division [2]. Strategic Vision - Blaylock aims to enhance local market positioning and drive long-term growth for Sotheby's International Realty [1]. - Philip White, president and CEO of Sotheby's International Realty, emphasized Blaylock's industry knowledge and leadership skills, which are expected to elevate the company's brokerage operations [3]. Company History and Structure - Sotheby's International Realty was founded in 1976 as a real estate service for clients of Sotheby's auction house and now operates over 1,100 offices in 84 countries [4]. - The company has a strategic alliance with Anywhere Real Estate Inc., which includes a franchise system where each office is independently owned and operated [4][5].
La Rosa Reports Wider Y/Y Net Loss & 119% Revenue Surge in 2024
ZACKS· 2025-04-21 15:20
Shares of La Rosa Holdings Corp. (LRHC) have declined 10.1% since reporting results for 2024. This compares with the S&P 500 index’s 0.2% growth over the same time frame. Over the past month, the stock has lost 37% compared with the S&P 500’s 8.4% decline.Revenue Growth Strong, Loss WidensLa Rosa reported 2024 revenues of $69.4 million, a 119% upsurge from $31.8 million in 2023, surpassing its initial guidance by $4.4 million. This surge was primarily driven by a 179% jump in residential real estate service ...