A slowdown in new development and a $40 million increase in agent commissions in its NRT division brought negative profits to Realogy Holdings during the first quarter. In its quarterly report released Monday, the New Jersey-based real estate and franchise giant reported $1.2 billion in revenue, a 2 percent increase compared with the first quarter in 2017, which it said was driven by increases in home sale transaction volume, valued at $100 billion. But it […]
source https://therealdeal.com/2018/05/03/big-commissions-payouts-new-dev-slowdown-cut-into-realogys-bottom-line/
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