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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.

Principal 399
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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. and Mexico.

Agents 364
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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 500
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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 We focus on sharing our knowledge with smaller brokerage shops seeking guidance, offering them a playbook for integrating our program into their business model.” “But to the partners we want to welcome, we aim to be more targeted.

Mortgages 339
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Compass Appoints Dawanna Williams, Founder and Managing Principal of Dabar Development Partners, to Board of Directors

Realty Biz

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc. About Compass.

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Compass makes its hotly anticipated Wall Street debut

Housing Wire

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 at close of the New York Stock Exchange on Thursday. billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures. The New York City-headquartered company began offering shares Thursday morning.

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