Corcoran is consolidating. Compass is making lay offs. Residential firms are going lean. Call it a sign of the times that these days brokerage executives show off their smarts by pulling out financial statements and reviewing expenses line by line. “Everybody is doing that right now,” said Steve Murray, president of Real Trends, which analyzes brokerage valuations. The question is whether they’re making the right choices on where to save versus splurge. Murray recalled one
source https://therealdeal.com/2020/02/24/the-squeeze-on-resi-brokerages-is-forcing-consolidation-cooperation/
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