Housing Wire

MAY 9, 2024

In 2018, the brokerage onboarded RE/MAX Heritage in Yarmouth, Maine , led by Mike Lepage. As a result, Davin’s brokerage boasts 165 agents all over Maine and on the seacoast of New Hampshire. The brokerage has been ranked as one of the top private independents in the country by RealTrends in 2024.

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Brokerage Industrial As-is Agents 282

Housing Wire

FEBRUARY 21, 2024

With market uncertainty, real estate agents had been sticking with their current brokerage., According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023. but that’s all starting to change. respectively.

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Brokerage Agents MLS As-is 402

Housing Wire

MAY 9, 2024

In addition to RE/MAX, Anywhere and Keller Williams, NAR, Douglas Elliman , Realty One Group , At World Properties, Compass , HomeServices of America and The Real Brokerage, have also reached settlement agreements. As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5 26, 2024.

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Brokerage MLS Agents As-is 380

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here for more details on eligibility.

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Finance Banks Brokerage Closing 340

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. billion in the first half of 2022, down 17% compared to the same period in 2021, according to data from Inside Mortgage Finance. Movement originated $13.7

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Brokerage Mortgages Loan Officer Loans 471

Housing Wire

JANUARY 28, 2022

The second annual Finance Leaders award will be closing today, but there’s still time to nominate someone before the end of the day! We’re looking for strategic finance executives who are enabling, supporting and navigating this growth and innovation within mortgage banking or a real estate brokerage.

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Finance Closing Banks Brokerage 304

Housing Wire

JANUARY 11, 2022

Unlike other HousingWire awards, Finance Leaders focuses specifically on corporate finance, secondary marketing, capital markets or strategic finance executives within mortgage banking or a real estate brokerage only. The post Nominations for HousingWire’s Finance Leaders award are now open!

Finance 336

Finance Residential Title Mortgages 336

Housing Wire

DECEMBER 8, 2023

While this lawsuit is certainly not the only one making collusion allegations against many of the large national brokerages, it has one of the more robust lists of local brokerages as defendants. AF Realty Group is the smallest of the new defendants with just 15 agents, according to the complaint.

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Brokerage MLS Branding Agents 417

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Lamacchia Realty is expanding its presence in the Pioneer Valley region of Massachusetts.

Brokerage 414

Brokerage Branding Agents Sales 414

Inman

MAY 16, 2024

For real estate agents, highlighting diverse financing options is one of the easiest ways to attract more traffic to their listings. Clever's Luke Babich shares a few programs and options to know about.

Finance 130

Finance Marketing Agents Brokerage 130

Housing Wire

OCTOBER 31, 2023

During their testimony, the home seller plaintiffs and their lead attorney Michael Ketchmark argued that despite the defendants having antitrust rules and regulations in place, the trade group and corporate brokerages knowingly violated their own rules in order to maintain high commission rates.

Brokerage 545

Brokerage As-is Finance 545

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 Since this model is dependent on selling the home quickly, their move into real estate brokerage is an attempt to control that.

Equity 358

Equity Brokerage Agents Marketing 358

Housing Wire

APRIL 10, 2024

The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value. The same institution also stated that it initiated or ordered appraisals when it added borrowers’ information into a lender’s software.

Banks 350

Banks Brokerage Mortgages Loans 350

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

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Lending Brokerage Mortgages Banks 392

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. In mid-May 2022, REX ceased its brokerage operations. In a verdict announced late Friday afternoon, a jury in a U.S.

Brokerage 372

Brokerage MLS Agents Design 372

Housing Wire

AUGUST 11, 2021

Such are the ambitions of an array of companies today including Zillow and real estate brokerage Compass. As Inman News flagged , the company spends a couple of pages of its recent annual report noting that the Consumer Finance Protection Bureau may change enforcement of the Real Estate Settlement Procedures Act, or RESPA.

Brokerage 414

Brokerage Agents Lending Finance 414

Housing Wire

DECEMBER 26, 2023

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. With mortgage rates trending downward in recent weeks and economists expecting them to further recede in 2024, analysts are feeling guardedly optimistic about how the publicly traded brokerages will perform in 2024. “I

Brokerage 417

Brokerage Mortgages Agents Industrial 417

Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 371

Brokerage Mortgages Loan Officer Banks 371

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 Like many other brokerages , the firm is still in the red (it lost over $20 million last year). The brokerage now operates in 47 states in the U.S. The virtual brokerage in March disclosed that it is raising fees on agents. million loss year over year. compared to 8.3%

Brokerage 300

Brokerage Agents Title Lending 300

Housing Wire

AUGUST 2, 2023

Under the leadership of Mark Dilbeck, the company’s majority owner since 1998, the indie brokerage achieved $1.04 Dilbeck ranked as the 178th largest independent brokerage in America in 2022 and nine of its agents cleared $16 million in sales volume last year, according to our rankings. “For million in volume.

Brokerage 302

Brokerage Branding Agents Sales 302

Housing Wire

SEPTEMBER 22, 2021

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business. The post Insurance brokerage Acrisure buys Tempo Title appeared first on HousingWire.

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Title Brokerage Branding Construction 249

Housing Wire

OCTOBER 23, 2023

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Clean data vs. dirty data So what data should be clean? Data cleanliness can make or break a transaction!

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Due diligence Brokerage Staging Agents 341

Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers.

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Who’s most exposed? But that statement comes with a big asterisk.

Agents 467

Agents Purchase and sale agreement Brokerage Finance 467

Housing Wire

JANUARY 16, 2024

Northern California’s copycat commission lawsuit , known as Grace after its lead plaintiffs, has gained five additional defendants.

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Brokerage MLS Agents As-is 364

Housing Wire

OCTOBER 6, 2023

Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market. Then, we have all the traditional financing options, including jumbo.” 1 product to help first-time homebuyers get their houses.

Mortgages 464

Mortgages VA loan Finance Loans 464

Inman

JANUARY 24, 2024

Wednesday's panel at ICNY 2024 says a high interest rate environment will continue driving innovation in the mortgage and finance sector.

Finance 115

Finance Mortgages Banks Lending 115

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story. The Minnesota-headquartered firm had $133.8

Brokerage 435

Brokerage MLS Agents Branding 435

Housing Wire

JULY 28, 2023

Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. NAF offers numerous home financing options including conventional, jumbo , non-QM, as well as others. 18 brokerage in the country in the RealTrends 500 after reporting a total sales volume of $10.997 billion in 2022.

Brokerage 336

Brokerage Finance Lending Mortgages 336

Housing Wire

DECEMBER 27, 2021

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. for the largest brokerage companies in the United States. The first cause of the decline is the growth in competition for productive agents and a variety of new brokerages. Now, they’re at 13.5%

Brokerage 353

Brokerage Finance Short sale Agents 353

Housing Wire

AUGUST 17, 2023

The Consumer Finance Protection Bureau (CFPB) issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island for illegal kickbacks on Thursday, the first enforcement action associated with the 1974 Real Estate Settlement Procedures Act in six years. million fine.

Mortgages 370

Mortgages Loan Officer Brokerage Title 370

Housing Wire

APRIL 9, 2024

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits. District Court for the Northern District of Indiana.

Brokerage 408

Brokerage Agents Sales Industrial 408

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. Kortas told HousingWire that he owns 50.5% NEXA did $6.29

Mortgages 413

Mortgages Brokerage Loan Officer Lending 413

Housing Wire

JULY 21, 2023

Maggie Wu has returned to Compass , and she’s bringing her four-person The W Team to the New York brokerage. In December 2021, she had left Compass to join the young brokerage SERHANT. With the move, Wu returns to where she began her career as junior partner on the Jing Chen Team in 2019. where she launched her own team.

Brokerage 289

Brokerage Investor Finance Technology 289

Housing Wire

SEPTEMBER 29, 2023

Less than three weeks out from the trial start date, plaintiffs in the Sitzer/Burnett buyer broker commission class action lawsuit filed a notice to withdraw three named plaintiffs. Attorneys for the plaintiffs notified the court in Kansas City that they wish to withdraw Scott Trupiano, Ryan Hendrickson, and Scott Burnett as class representatives.

Brokerage 363

Brokerage MLS Agents Design 363

RIS Media

JUNE 14, 2021

Housing and Housing Finance Executive Series. ‘The Real Estate Brokerage 2021: Beyond Traditional Brokerage, Growth and Change’ discussion is scheduled for 1:30 p.m. Housing and Housing Finance Event appeared first on RISMedia. ” The webcast will be archived on the site for 90 days. .”

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Finance Brokerage Investor Industrial 82

REM Online

JULY 29, 2021

The original post can be found at the following URL: Properly raises $44 million in financing. Properly, which calls itself “the Canadian tech-enabled real estate brokerage,” recently announced that it has secured $44 million in Series B financing to fuel a national expansion.

Finance 79

Finance Brokerage Technology 79