Housing Wire

APRIL 16, 2024

In the wake of the recent NAR settlement , coupled with persistently sluggish home sales and high interest rates , real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing.

Industrial 440

Industrial Agents Brokerage Sales 440

Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 billion in sales in 2022 and will have to pay the Umpa settlement out of its own coffers.

Brokerage 369

Brokerage Agents Technology Sales 369

Housing Wire

MARCH 22, 2024

In real estate brokerage, growth is the name of the game and for 2024 (based on 2023 data), The Real Brokerage and The Agency are winning that game. For all of 2023, the Relitix Agent Movement Index , showed a marked decrease in agent movement. Here are the Top Movers by transaction sides and sales volume.

Brokerage 446

Brokerage Agents Industrial Sales 446

Housing Wire

APRIL 22, 2024

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

Brokerage 367

Brokerage Purchase and sale agreement Title Industrial 367

Housing Wire

JANUARY 22, 2024

Top-producing mega team PREMIERE Group is joining fast-growing firm The Real Brokerage , according to an announcement on Monday. Founded in 2017 in Greensboro, North Carolina by David Keener, the PREMIERE Group operates as a teamerage , providing agents with marketing and operations resources. million.

Brokerage 437

Brokerage Agents Design Closing 437

Housing Wire

MARCH 27, 2024

Brokerages took notice, resulting in a surge in companies and office locations competing for their share of listings, according to CoreLogic multiple-listing service data shared exclusively with HousingWire. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

Brokerage 415

Brokerage Construction MLS Land 415

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Fewer agents? Obviously, RE/MAX comes to mind as it has a large franchise model that is tied to agent count,” Tomasello said. “If

Brokerage 438

Brokerage Agents Industrial As-is 438

Housing Wire

JANUARY 3, 2024

Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage is highly dependent on the recruiting, retention and production of independent contractor sales agents. approach to value.

Brokerage 391

Brokerage Residential Industrial Agents 391

Housing Wire

SEPTEMBER 19, 2023

The Real Brokerage continues to add to its agent count. Led by Carrie Théard and Sean Hettich, District South’s 40 agents serve home buyers and sellers in Louisiana’s Acadiana region. All 40 of Théard and Hettich’s agents will be joining Real, bringing the firm’s agent count to over 12,000.

Brokerage 390

Brokerage Agents Sales 390

Housing Wire

JANUARY 10, 2024

Most agents seldom sell homes, according to a new study published by the Consumer Federation of America last week. The study, CFA’s third of three on this topic, suggests that a significant portion of agents in the U.S. sell at most five homes in a year. On this, NAR has previously reached the same conclusion.

Agents 424

Agents Sales Residential Commercial 424

Housing Wire

MARCH 22, 2024

I’m sharing a transformative announcement with you today, one that marks a new era for RealTrends and propels forward the vision of bringing transparency to what it means to be a top-performing real estate brokerage, team or agent. Agent and Team Rankings will be unveiled in June. We believe in a content and community flywheel.

Brokerage 409

Brokerage Branding Agents As-is 409

Housing Wire

APRIL 24, 2024

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. Dallas, too, is outpacing the rest of the country in office count, sale-to-list price ratio and average price per square foot, according to CoreLogic data shared exclusively with HousingWire.

Brokerage 337

Brokerage Marketing MLS Mortgages 337

Housing Wire

AUGUST 30, 2023

In the competitive world of real estate recruitment, brokerages fight for the attention and loyalty of talented agents who can drive their success. As the lifeblood of the industry, agents play an important role in attracting clients, closing deals and determining the ultimate profitability of a brokerage.

Brokerage 338

Brokerage Branding Agents Closing 338

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 During the second quarter, Real once again delivered best-in-class growth with our agents closing a record number of transactions,” said Tamir Poleg , the CEO of Real. Like many other brokerages , the firm is still in the red (it lost over $20 million last year). compared to 8.3%

Brokerage 319

Brokerage Agents Title Lending 319

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The agent movement reflects the relative mobility of experienced agents between brokerages.

Agents 374

Agents MLS Brokerage Industrial 374

Housing Wire

MARCH 21, 2024

Redfin is expanding an agent compensation plan it launched last year by adding seven new markets starting in May, the national real estate brokerage announced Thursday. No other brokerage can offer agents a big traditional split and all the benefits, support, technology and customer introductions that we provide here at Redfin.

Agents 393

Agents Marketing Brokerage Technology 393

Housing Wire

SEPTEMBER 13, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

Brokerage 406

Brokerage Equity Agents Branding 406

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. 166 nationwide in the 2024 RealTrends Verified sales volume rankings, after its agents closed $1.78 billion in sales volume in 2023. Based in Waltham, Mass., Lamacchia Realty was ranked at No.

Brokerage 417

Brokerage Branding Agents Sales 417

Housing Wire

JANUARY 26, 2024

But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants. The Brokerage Defendants also serve an essential role in the conspiracy by executing the conspiracy’s objectives on the ground,” the complaint states. “The

Brokerage 394

Brokerage MLS Agents As-is 394

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

Agents 322

Agents Brokerage MLS Technology 322

Housing Wire

AUGUST 30, 2023

Fast-growing firm The Real Brokerage is welcoming yet another top-performing agent to the company. Arizona-based David Newman and his 12-member team, David Newman Partners, are moving to The Real Brokerage, according to an announcement on Wednesday. Newman has more than 20 years of experience in the real estate industry.

Brokerage 344

Brokerage Technology Agents Industrial 344

Housing Wire

SEPTEMBER 20, 2023

Compass’ brokerage firm recruiting efforts continue. Deasy Penner Podley , or DPP Real Estate is the latest boutique brokerage to affiliate with the national firm, according to an announcement on Tuesday. Based in Pasadena, DPP @ Compass has over 175 agents serving an area spanning from Santa Monica to Palm Springs.

Brokerage 368

Brokerage Agents Design Sales 368

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 378

Brokerage Branding Technology Agents 378

Housing Wire

AUGUST 4, 2023

Redfin was in the red yet again in the second quarter , but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 million, down from $606.9

Brokerage 361

Brokerage Sales Agents Closing 361

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. As a result of this scheme, the purportedly non-negotiable commissions of buyer agents are rolled into the sale price of homes.

Brokerage 425

Brokerage MLS Branding Agents 425

Housing Wire

AUGUST 2, 2023

Daryl Owen , the founder of top California independent brokerage Nationwide Real Estate Executives , is joining eXp Realty and taking 200 agents along with him. In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday.

Brokerage 369

Brokerage Commercial Property Management Branding 369

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

Brokerage 436

Brokerage Industrial MLS Sales 436

Housing Wire

OCTOBER 25, 2023

Florida -based Keyes Company , an independent real estate brokerage , partnered with housing data aggregator BHR , the company announced Tuesday. Through this collaboration, all Keyes agents will benefit from RealReports, BHR’s flagship product. billion in closed sales volume in 2022. 38 with 12,458 transactions and $7.5

Brokerage 349

Brokerage Agents Industrial Closing 349

Housing Wire

NOVEMBER 29, 2023

A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 412

Agents Brokerage Technology Staging 412

Housing Wire

APRIL 4, 2024

Arizona -based brokerage LUXE Realty welcomed Jack Luciano and Raul Siqueiros as director of estates division and director of new development, respectively, the company announced on Thursday. The two real estate agents were formerly associated with The Agency Scottsdale.

Sales 351

Sales Brokerage Development Agents 351

Housing Wire

APRIL 23, 2024

“We believe adding 3D digital twins for Homes.com will increase the leads we deliver, increase customer satisfaction, increase renewal rates, increase sales and increase site traffic further.” The integration of Matterport to Homes.com will allow homebuyers to view properties online, helping agents to provide even more value to their clients.

Sales 314

Sales Residential Branding Brokerage 314

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Industrial 501

Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

NOVEMBER 20, 2023

I decided to break down the numbers and look at brokerage economics. Last year, nationally there were slightly over 10 million transactions of existing homes sales. What we also know is that the average gross margin, the money that is retained by brokerage firms, is about 14% of gross commissions among all brokerage firms in the U.S.,

Brokerage 347

Brokerage Branding Agents Industrial 347

Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Our brokerage is unique,” Michael Gifford told HousingWire. “It’s So that’s a major differentiator from us and other agents.” I will say that real estate brokerage is a far cry from Fintech.”

Equity 378

Equity Brokerage Agents Marketing 378

Housing Wire

NOVEMBER 7, 2023

West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate , based out of Redmond, Washington. The acquisition brings 43 additional agents to John L. Scott’s primary Bellevue office, Seattle Agent Magazine reported.

Brokerage 307

Brokerage Property Management Agents Sales 307

Housing Wire

AUGUST 25, 2022

South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The terms of the deal were not disclosed.

Brokerage 475

Brokerage Mortgages Loan Officer Loans 475

Housing Wire

DECEMBER 6, 2023

Flat-fee real estate brokerage Fathom Realty will hike its agent fees in 2024 to bolster the company’s revenue by more than $3 million next year. The brokerage will implement two main changes to its fee structure, effective on Jan. This is on top of the existing agent’s transaction fee of $550. per share.

Agents 413

Agents Brokerage Sales Finance 413