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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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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.

Brokerage 384
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Newrez launches mortgage JV with $4B Keller Williams group in New Jersey

Housing Wire

million in sales volume in 2022. billion in sales volume in 2022 across 6,080 transaction sides. 63 among the 500 best brokerages by volume. “We GLG is also part of a larger Keller Williams Realty franchise group of residential real estate brokerages located in Georgia. In all, BCP agents notched $4.2 It placed No.

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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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Pop the champagne, Compass hits major financial milestone

Housing Wire

But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. billion, which the brokerage attributed to a 19% year-over-year decrease in transaction sides to 54,207, combined with a decrease in the average home sale price, as the brokerage’s gross transaction value dropped 26% year over year to $56.8

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

Housing Wire

According to the brokerage, 6.5% homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. the month prior. Due to a lack of supply, prices overall have been on the upswing.

Mortgages 508
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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. In 2022, he recorded a sales volume of $30 million.

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