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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. Broker Studies.

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The Beinfield Team in Connecticut returns to Compass after brief departure

Housing Wire

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement. million in sales in 2022, according to the RealTrends 2023 America’s Best list.

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The Agency Dallas attracts top performing agents

Housing Wire

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. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He closed $23 million in sales volume in 2022.

Agents 364
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MSR market closes June on $5.2B high note, but has it peaked?

Housing Wire

The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. On the last day of the month, the New York-based Mortgage Industry Advisory Corp. (or or MIAC Analytics) released bid documents for an MSR offering it is brokering that exceeds $5 billion in value. and 39.5%, respectively.

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As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Housing Wire

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% the month prior.

Mortgages 501
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Reverse mortgage veteran offers advice for bringing new partners aboard

Housing Wire

Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. With the right ambassador, that task is made simpler. My goal is to activate some of those.”

Mortgages 341
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NAR CEO back on stand for second day of defense testimony in commission lawsuit trial

Housing Wire

This means sellers wind up paying inflated commissions at closing. In his testimony, Gansho stated that NAR does not conspire with brokerages on commissions, and he echoed Goldberg’s sentiment that brokerages do not follow and enforce the rule. The research, known as the “D.A.N.G.E.R.

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