DOUG

Douglas Elliman Inc. is a real estate services company operating one of the largest residential real estate brokerages in the United States. The company provides real estate brokerage services connecting buyers and sellers of residential properties through a network of real estate agents primarily in New York, Florida, California, Massachusetts, and other markets. Douglas Elliman generates revenues from commissions on residential real estate transactions closed by its agents. The company also provides title insurance and settlement services. Founded in 1911 and headquartered in Miami, Florida, Douglas Elliman operates in luxury and high-end residential real estate markets. The company was spun off from Vector Group in 2021 to operate independently. Douglas Elliman faces intense challenges from commission pressure, agent migration to competitors, cyclical housing market conditions, high-end market sensitivity, and evolving brokerage business models. The company has experienced transaction volume declines, profitability pressures, and strategic uncertainties. Douglas Elliman competes with Compass, Corcoran, Sotheby's, and other luxury real estate brands. The company continues to work on agent retention, market share, operational efficiency, and adapting to changing residential real estate brokerage dynamics.