Branchising, around for more than a decade, has found steady ground among brokers looking for a local franchise. And newer entries, like REALTEC and EXIT, are trying to establish themselves as players.
Coldwell Banker will set up a relocation department in Chicago following complaints from some area brokers about a decision by Coldwell Banker's parent company, Cendant, to steer relocation business to two independent brokerages in the area.
At 62 BJ's Wholesale Club grocery superstores along the East Coast, people are shopping for 50-roll packs of toilet paper, 10-pound packs of chicken, and discount real estate services, including mortgages.
Times are tough for residential appraisers. Artificial intelligence software that calculates a property's value in three minutes is working to replace them. Demand for appraisals has dropped as lenders turn to limited evaluations in lieu of full-blown appraisals for some types of loans.