BELLINGHAM, Wash., Oct. 09, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric™ real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that The Slocum Home Team, Rhode Island’s leading family-run real estate dynasty with 76 years of history, has joined its growing global network. Founded in 1949 by George Slocum in Warwick, Rhode Island, the Slocum name has become synonymous with trust, service, and success in real estate. Spannin ...

SEATTLE--(BUSINESS WIRE)--Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's up from 14.3% a year earlier and marks the highest August rate in records dating back to 2017. Home purchases are falling through more frequently because buyers and sellers oftentimes aren't on the same page and aren't willing to compromise. Buyers ar. ...

Core Insights - Approximately 48% of newly built apartments completed in Q1 2025 were rented within three months, indicating a slight increase from 47% in Q4 2024 and 46% in Q3 2024 [1] Group 1 - The data is based on an analysis by Redfin, utilizing the U.S. Census Bureau's seasonally adjusted absorption rate for unfurnished, unsubsidized, privately financed rental apartments [1]

Core Insights - eXp Realty has welcomed Amy Tapp and her 45-person team, who closed $80 million across 350 transactions in 2024, into its global network [2][3] - Tapp's transition from her independent brokerage to eXp is aimed at enhancing collaboration, leveraging advanced technology, and providing growth opportunities for her team [3][4] - eXp Realty is recognized as the largest independent real estate brokerage globally, with over 82,000 agents across 28 countries, offering industry-leading commission splits and equity ownership opportunities [6] Company Developments - Amy Tapp, a prominent real estate leader in Lubbock, founded Amy Tapp Realty in 2012 and has extensive experience in residential, luxury, land, and investment properties [3][4] - The partnership with eXp allows Tapp to focus on mentoring her agents and expanding her business reach beyond Lubbock, while benefiting from eXp's resources and collaborative culture [4][5] - eXp Realty's model emphasizes agent empowerment through a cloud-based platform, enabling agents to build successful businesses [6][7]

Core Insights - eXp Realty has welcomed the K2 Omni Group, the 1 Zillow Seller Team in the Nation as of June 2024, into its network, indicating a strategic expansion move for eXp Realty [2][4] Company Overview - eXp Realty is a cloud-based, agent-centric brokerage and a subsidiary of eXp World Holdings, Inc., which operates globally with over 82,000 agents across 28 countries [9] - The company offers industry-leading commission splits, revenue share, equity ownership opportunities, and a global network to empower agents [9] K2 Omni Group Profile - Founded by Kiki and Kristina Salcido, Nathan Armstrong, and Berenice Holden, K2 Omni Group achieved $105 million in sales volume and completed 313 transactions in 2024 with only 22 agents [3] - The team has expanded to 56 agents and 12 support staff, with a presence in multiple markets including Albuquerque, Santa Fe, Las Cruces, Boston, Dallas-Fort Worth, Phoenix, and Tampa/Orlando [3][4] Growth and Innovation - K2 Omni Group has demonstrated significant growth and innovation since its inception, transitioning from Simply Real Estate, which was recognized for its people-first culture [4] - The rebranding to K2 Omni Group in 2024 aimed to create a national platform with larger ambitions [4] Strategic Advantages - The partnership with eXp Realty is seen as a multiplier for K2 Omni Group, providing scalable systems, compensation structures, and national reach [7] - K2 Omni Group plans to leverage eXp Realty's global platform to accelerate their expansion while maintaining their culture and service [6][8] Community Engagement - The partners of K2 Omni Group are actively involved in community initiatives, including co-founding a nonprofit dog rescue and launching a local grocery store [5]

Core Viewpoint - La Rosa Holdings Corp. has regained compliance with Nasdaq Listing Rule 5550(b)(1), which is crucial for its long-term growth strategy and credibility in capital markets [1][2][3] Financial Compliance - The company reported stockholders' equity of $7,595,799 as of June 30, 2025, meeting the requirements of Nasdaq Listing Rule 5550(b)(1) [2] Business Model and Services - La Rosa Holdings Corp. operates in the real estate and PropTech sectors, offering flexible compensation options for agents, including revenue-sharing and fee-based structures with 100% commission [3][4] - The company provides both residential and commercial real estate brokerage services, along with technology-driven products and support for agents and franchise partners [4] Expansion and Operations - La Rosa operates 26 corporate-owned brokerage offices across several states including Florida, California, Texas, Georgia, North Carolina, and Puerto Rico, and has recently begun expanding into Europe, starting with Spain [5] - The company also has six franchised offices and branches, as well as three affiliated brokerage locations in the U.S. and Puerto Rico, and operates a full-service escrow settlement and title company in Florida [5]

Core Insights - RE/MAX Holdings reported total revenue of $72.8 million for Q2 2025, a decrease of 7.3% compared to Q2 2024, primarily due to a decline in U.S. agent count and lower Broker Fees revenue [4][10] - The company achieved an adjusted EBITDA of $26.3 million, down 6.4% year-over-year, with an adjusted EBITDA margin of 36.1% [11][10] - The total agent count increased by 2.5% to 147,073 agents, with a notable 11.5% increase in agents outside the U.S. and Canada [3][10] Revenue Performance - Total revenue for Q2 2025 was $72.8 million, down from $78.5 million in Q2 2024, reflecting a decrease of $5.7 million [4][10] - Revenue excluding Marketing Funds was $54.5 million, a decline of 6.8% year-over-year, attributed to a 5.7% decrease in organic revenue and 1.1% adverse foreign currency movements [4][10] - Recurring revenue streams, including franchise fees and annual dues, accounted for 67.3% of revenue excluding Marketing Funds, down from 65.9% in the prior year [5] Operating Expenses - Total operating expenses decreased to $58.7 million in Q2 2025, down 5.7% from $62.3 million in Q2 2024 [6][10] - Selling, operating, and administrative expenses were $33.9 million, representing 62.2% of revenue excluding Marketing Funds, compared to 59.7% in the prior year [7] Profitability Metrics - Net income attributable to RE/MAX Holdings was $4.7 million for Q2 2025, an increase from $3.7 million in Q2 2024 [8][10] - Basic and diluted GAAP earnings per share were both $0.23 for Q2 2025, compared to $0.20 and $0.19 in Q2 2024, respectively [8][10] - Adjusted earnings per diluted share were $0.39, down from $0.41 in the same quarter last year [12] Balance Sheet and Cash Flow - As of June 30, 2025, the company had cash and cash equivalents of $94.3 million, a decrease of $2.3 million from the end of 2024 [13] - Outstanding debt was $439.0 million, slightly down from $440.8 million at the end of 2024 [13] - Cash flow from operations for the first half of 2025 was $10.2 million, down from $25.3 million in the same period of 2024 [26] Outlook - For Q3 2025, RE/MAX Holdings expects revenue in the range of $71.0 million to $76.0 million and adjusted EBITDA between $23.5 million and $26.5 million [19] - The full-year 2025 revenue outlook has been adjusted to a range of $290.0 million to $296.0 million [19]

Core Viewpoint - La Rosa Holdings Corp. has regained compliance with Nasdaq's minimum bid price requirement and has extinguished a majority of its outstanding warrants, strengthening its capital structure and aligning with long-term investor interests [1][4]. Group 1: Compliance and Capital Structure - On July 21, 2025, La Rosa received confirmation from Nasdaq that it has maintained a minimum closing bid price of $1.00 or greater for 10 consecutive trading days, thus regaining compliance with Nasdaq Listing Rule 5550(a)(2) [1]. - The company extinguished a majority portion of its outstanding warrants through two exchange agreements, including one with its CEO Joseph La Rosa, which reflects a commitment to strengthening its capital structure [1][4]. Group 2: Exchange Agreements - On July 14, 2025, La Rosa entered into an exchange agreement with a warrant holder to cancel warrants for 1,851,852 shares at an exercise price of $0.135 per share in exchange for 75,000 shares of common stock [2]. - On July 17, 2025, a similar agreement was made with CEO Joseph La Rosa, who surrendered his warrants for cancellation in exchange for 75,000 shares of common stock [3]. Group 3: Business Model and Operations - La Rosa Holdings Corp. operates in the real estate and PropTech sectors, providing agents with flexible compensation options, including a revenue-sharing model and a fee-based structure with 100% commission [5]. - The company offers both residential and commercial real estate brokerage services, technology-driven products, and support for agents and franchise partners, encompassing various services such as franchising, education, coaching, and property management [6]. - La Rosa operates 26 corporate-owned brokerage offices across several states and has recently begun expanding into Europe, starting with Spain [7].

Core Viewpoint - RE/MAX Holdings, Inc. will release its financial results for Q2 2025 on July 29, 2025, and will host a conference call on July 30, 2025, at 8:30 a.m. Eastern Time [1][2]. Company Overview - RE/MAX Holdings, Inc. is a leading franchisor in the real estate industry, operating under the REMAX® brand globally and the Motto® Mortgage brand in the U.S. [4] - Founded in 1973, RE/MAX has grown to over 145,000 agents in nearly 9,000 offices across more than 110 countries and territories, making it the largest real estate seller by total residential transaction sides [4]. - Motto Mortgage, launched in 2016, is the first and only national mortgage brokerage franchise brand in the U.S., with over 220 offices in more than 40 states [4].

Core Insights - La Rosa Holdings Corp. has surpassed 3,000 real estate agents in its network, marking a significant milestone in its growth trajectory [1][2] - The company reported preliminary unaudited revenue of approximately $38.4 million for the first half of 2025, reflecting a year-over-year growth of about 19.4% compared to the same period in 2024 [1][2] Company Overview - La Rosa Holdings Corp. is a real estate and PropTech company that offers flexible compensation options for agents, including a revenue-sharing model and a fee-based structure with 100% commission [3] - The company aims to equip agents and franchisees with the necessary tools to deliver exceptional service through its proprietary technology platform [3] Business Model and Services - La Rosa provides both residential and commercial real estate brokerage services, along with technology-driven products and support for agents and franchise partners [4] - The business model encompasses internal services for agents and external offerings for the public, including real estate brokerage, franchising, education and coaching, and property management [4] Expansion and Operations - The company operates 26 corporate-owned brokerage offices across several states, including Florida, California, Texas, Georgia, North Carolina, and Puerto Rico [5] - La Rosa has initiated its expansion into Europe, starting with engagement of an area developer in Spain, and also has six franchised offices and branches in the U.S. and Puerto Rico [5]