What the latest industry moves mean for brokerages, agents, and the future of opportunity.

By Joseph T. Hamdan
Principal | Real Estate Broker

In April, during interviews surrounding the launch of MYNY, I was asked by The Real Deal about the future of brokerage consolidation. At the time, I shared my view that overlapping brokerage brands operating under common ownership would eventually be consolidated. Following the recent announcement that Coldwell Banker Warburg will fold into the Compass brand, The Real Deal revisited those comments. While this story focuses on a single brokerage, it reflects a broader trend that deserves attention because it speaks to the direction our industry is heading.