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Christie’s will launch a new luxury Austin brokerage this Fall

Housing Wire

The brokerage firm will be owned and operated by Jerry Mooty Jr., Romeo Manzanilla, a seasoned Austin brokerage leader, was appointed principal, chief operating officer, and broker of record for the new firm. He still serves as its CEO and principal. Prior to that position, Manzanilla led Texas operations for Compass.

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Meet the new kid on the brokerage block: iad Group

Housing Wire

The Paris-based brokerage is launching its Florida operation on Friday, marking its first expansion into the U.S. According to iad, the brokerage is the No. 1 brokerage by transaction sides in France, as well as No.3 based one in Tampa, there are no brick-and-mortar store fronts for agents and brokers to operate out of. “It

Brokerage 383
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Compass adds 10 principal agents to Ocean City office

Inman

Compass has recruited 15 agents from an Ocean City, New Jersey, RE/MAX franchise, 10 of whom will serve as principal agents. The new recruits represent $136 million in 2022 sales volume.

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The Agency Dallas attracts top performing agents

Housing Wire

Agent recruitment has been off to a strong start this month at The Agency Dallas. In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Whitfield and Wilbanks are both leaving Compass to join The Agency.

Agents 359
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Real estate teams beat brokerage firms in profitability

Housing Wire

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. agents and 4.5

Brokerage 373
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eXp Holdings reports a loss in Q4 as agent count slows

Housing Wire

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Our agent-centric model and value proposition, scale and superior efficiency enable us to invest in the success of our agents.”

Agents 374
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Brokerage uses VR to get consumers inside houses that haven’t been built yet

Housing Wire

based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. Over the last few months, iBuyers and brokerages alike have launched solutions to keeping business going during the pandemic, including virtual home tours , 3D home tours and hosting virtual open houses.

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