The Bay Area’s residential brokerage market has seen huge consolidation over the past few years. Flush with funding, brokerages like New York-based Compass have spent lavishly, buying up smaller competitors and investing in new technology. The buying sprees come as the home selling and buying landscape also shifts thanks to new startups like Reali and Opendoor, which are making inroads into the market.
To weather the changes, high-end Bay Area brokerage Alain Pinel Realtors picked up boutique…
