Real Estate Brokerage Layoffs and Agent Attrition Heading Into 2027: What Real (REMAX) and AGNT's Earnings Actually Said
On November 5, 2026, two of the largest public real estate brokerage companies in the country reported their third-quarter earnings on the same day — and both told investors, in their own words, that 2027 is going to be hard. Real (REMAX) Group posted a $67.2 million net loss and disclosed that agent attrition accelerated after the quarter ended. AGNT, Inc., eXp Realty's parent company, swung from a profit to a $4.3 million net loss, driven by legal costs it says are running at "peak activity" this year. If you're sponsored at either brokerage and have been quietly wondering whether it's time to look elsewhere, their own filings are worth reading before you decide anything.
What Real (REMAX) Group told investors on November 5, 2026
Real's own numbers for the third quarter of 2026 are a mix of top-line growth and bottom-line trouble. Revenue came in at $727.9 million, up 28% year over year from $568.5 million — but the company posted a GAAP operating loss of $72.0 million, compared with a $0.5 million loss a year earlier, and a pro forma net loss of $67.2 million, or $2.25 per diluted share, versus a loss of just $0.02 per share in the same quarter last year.
The more pointed disclosure was about agents. Real's own release said the company "proactively offboarded" more than 500 agents in October — agents the company says had unpaid dues or expired licenses. Real Estate News, reporting separately on the same results, put the two-month figure at "upwards of 1,000" agents offboarded since quarter-end. The two numbers don't fully reconcile, and neither is something to treat as a single confirmed total — but both come from coverage of the same earnings call, and both point the same direction: REMAX's own U.S. and Canada agent count fell 3% year over year, to 72,118.
Real's chairman and CEO, Tamir Poleg, put the company's own outlook plainly on the earnings call: "As we look to 2027, we're preparing for another very challenging year." That's not an analyst's interpretation — it's the company's own leadership describing its own forward view.
What AGNT, eXp Realty's parent, told investors the same day
AGNT's quarter looked healthier on the surface and worse underneath. Revenue rose about 6% year over year to roughly $1.4 billion, and the company's own agent count grew 5% to 87,457 (a figure that includes NextHome agents under the AGNT umbrella). Adjusted EBITDA, though, slipped to $17.1 million from $17.7 million a year earlier — and the headline number is a swing from a profit in the third quarter of 2025 to a $4.3 million net loss this quarter.
The company has been consistent about why: legal costs. Reporting on the earnings call described those costs as running higher than the company's historical baseline and "peaking" during 2026, with AGNT's own CFO, Jesse Hill, telling analysts the elevated spending should normalize in 2027 but stay above baseline for the rest of this year. AGNT's shares moved lower after the announcement. Leo Pareja — who took over as AGNT's CEO in October after founder Glenn Sanford stepped down — struck a cautious tone of his own on the call, telling analysts: "We should expect this market to stay difficult for a while."
Why two same-day earnings calls matter if you're the one sponsored there
Neither company's quarter is a rumor — both sets of numbers are the company's own disclosures to its own shareholders. What they describe is worth separating from what gets lost in the "industry is struggling" headline version of this story, because the two companies have two different problems.
Real's own release disclosed that it is actively deciding which agents to keep on its roster — "proactively offboarded," in the company's own words — heading into a year its CEO is calling "very challenging." That's a company managing its own agent count from the top down, for reasons that have nothing to do with any individual agent's production or conduct.
AGNT's loss, meanwhile, came specifically from legal costs the company itself says are not tied to agent transactions at all. An agent sponsored under that parent company's brokerage is, in effect, carrying some exposure to a legal bill they had no part in creating — and the company's own CFO is telling Wall Street that bill is still running at "peak activity" this year.
Both are public companies. Both answer to shareholders every quarter. Both just told those shareholders, on the record, that next year is going to be harder than this one.
What a flat monthly fee doesn't do
RaiderX's dues don't move with a parent company's board meeting. Individual sponsorship is $99/month, and you keep 100% of your commission. A team or group is $119/month per agent, split however the team leader sets it up. An LLC is $199/month plus $20/month per sponsored agent, and a property management company is $499/month plus $20/month per agent, with PortfolioX included.
That fee is the same whether a parent company's stock is up or down, whether legal costs are "peaking" or not, and whether a board decides this is the quarter to trim agent count. It's a number you can plan around a year out — which is more than either Real or AGNT's own leadership told their shareholders they could promise their agents on November 5.
None of this is a guarantee about what happens to any specific agent at either company, and it isn't a prediction about either company's future. It's simply what both companies told their own investors, in their own words, on the same day.
Frequently Asked Questions
Did Real (REMAX) and eXp actually lay off employees?
Not in the traditional sense. Real's release describes "proactively offboarding" more than 500 independent-contractor agents in October over unpaid dues or expired licenses — not a corporate layoff of W-2 staff. AGNT's net loss was driven by legal costs, not an announced layoff. The word "attrition" fits what both companies actually disclosed better than "layoffs" does, even though both terms get used in coverage of this kind of quarter.
Does a brokerage's stock price affect my commission split day to day?
Not directly and not immediately — but a public brokerage's agent-facing decisions, including who stays on the roster and what support gets funded, ultimately answer to the same quarterly results it reports to shareholders. A flat-fee, privately held sponsorship model doesn't carry that same link between a stock price and an individual agent's standing.
Where did these numbers come from?
Real (REMAX) Group's own November 5, 2026 earnings release and reporting on its earnings call, and reporting on AGNT, Inc.'s same-day Q3 2026 earnings call. Both companies are publicly traded and required to disclose this information to their own shareholders.
How is RaiderX's pricing different?
RaiderX charges a flat monthly fee by plan type — $99/month for an individual (keep 100% of commission), $119/month per agent for a team, $199/month plus $20/month per agent for an LLC, or $499/month plus $20/month per agent for a property management company — rather than a commission split or cap tied to company performance.
Thinking about where you're sponsored?
If you're an experienced Texas agent weighing a move, see how flat-fee sponsorship compares to a traditional split, read what changed when eXp's parent company changed leadership, or check where the brokerages above rank on Texas's largest brokerages by agent count. When you're ready, you can apply to RaiderX and keep your commission structure independent of anyone else's quarterly earnings call.