Opendoor launches… a brokerage?

Housing Wire

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. A spokesperson for Opendoor told HousingWire that the company is looking to staff its Home Reserve platform with independent contract agents, not salaried agents.

HomeSmart snares prominent Atlanta brokerage

Housing Wire

Growing real estate brokerage firm HomeSmart announced Wednesday that it bought PalmerHouse Properties , an Atlanta-headquartered brokerage that has about 2,000 agents. How to Diversify Your Brokerage to Weather Economic Hardship. brokerages.

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Warren Buffett’s boring, dominant resi brokerage

Housing Wire

But while Blefari has a clearly defined personality, the residential real estate brokerage he runs doesn’t. The post Warren Buffett’s boring, dominant resi brokerage appeared first on HousingWire. Gino Blefari, Berkshire Hathaway HomeServices of America CEO and chairman.

White-label brokerage Side achieves unicorn status

Housing Wire

San Francisco-based real estate brokerage Side announced Monday that they raised $150 million, ushering in a new phase for the four-year-old company. For example, top Beverly Hills luxury producer Ben Bacal started the brand “Revel Real Estate” under the Side brokerage.

Keller Williams, and brokerage’s diversity shortcomings

Housing Wire

King also replaces a white man, the abruptly departed Josh Team, and reports to another white man, Carl Liebert, the CEO of the brokerage’s holding company, KWx. These moves were orchestrated by another Caucasian male, Gary Keller, the brokerage’s co-founder and executive chairman.

How this real estate brokerage’s unique model generates more profit for agents

Housing Wire

For the well-prepared real estate brokerages, this holds a promising future. The fusion of technology, quick sales and incredible demand from the public have created a tsunami of discount-based brokerages trying to fill that public demand. If a volume-based discount brokerage cannot do all of these things, it may fail due to an inability to retain or recruit agents, lack of profitability, and poor customer service ratings. .

Lawsuit claims Compass defrauds agents

Housing Wire

Compass defrauded its real estate agents out of millions of dollars in sales commissions and broke pledges to give agents shares of stock, according to a new lawsuit that seeks class-action status. One program has agents buying stock at the “preferred” price of $154 a share.

Agents 335

21 questions agents should expect during a brokerage interview

Inman

Switching brokerages? Asking the right questions to make sure the company is a good fit is a no-brainer, and a good brokerage will likely do the same. Here are some topics you should be ready to address when being interviewed by a new brokerage.

These brokerages topped the Real Trends 500 in 2020

Housing Wire

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. Top independent brokerage Howard Hanna/Allen Tate was involved in 105,455 transaction sides last year, good for $26.7

Must-Dos for Brokerage and Agent Success

RIS Media

By adhering to our guiding principle of positioning our brokerages for long-term success by first positioning our agents for success. Extremely high effectiveness and efficiencies in back-office brokerage workflows and front-facing agent productivity systems.

Howard Hanna acquires New York brokerage Rand Realty

Housing Wire

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City.

Recordings of Houston agents by rival brokerage reveal commission steering

Inman

Agent Industry News News Brief Select agent commissions antitrust lawsuit buyer steering discount brokerages houston Houston Association of Realtors (HAR) houston chronicle Jack Ryan lockboxes NAR Ethics National Association of Realtors (NAR) real estate agent salary Rex Real Estate U.S.

Inman Handbook on choosing a new brokerage

Inman

The brokerage an agent or team chooses can make a significant mark on their ongoing success. But with new models and advanced tech, the choice is harder than ever.

Education will power your brokerage

Inman

In the above session from Connect now, Kendall Bonner of RE/MAX Capital Realty and Josh Woodward of McGraw REALTORS delve into the importance of continuing education to both agents and brokerages in real estate.

How to grow agent leaders within your team or brokerage

Inman

Agent Appreciation Month Brokerage Columns Select Service Teams Adam Hergenrother agent leaders Book club leadership real estate team team teams theme-month-202101

Real estate agent with a gun targets brokerage, kills 2 agents and self

Inman

Former BridgeWiew Real Estate Services agent Barry Stewart is accused of killing a pair of agents at his former brokerage in Watertown, New York. Agent Lifestyle News Brief Technology Barry K.

Opendoor is seeking real estate agents for ‘Opendoor Brokerage’

Inman

Brokerage Select Technology brokerage brokerage license COVID-19 ibuyer offerpad opendoor ZillowA spokesperson for Opendoor clarified that the role will support the "Home Reserve" platform that the iBuyer announced in May.

Compass acquisition could worry some California agents

Housing Wire

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. On the other hand, Compass has shot up the brokerage rankings – placing 2 nd in U.S.

Agents 322

Flat-fee brokerage Houwzer expands into Tampa

Inman

The launch marks the brokerage's second foray into Florida, after moving into Orlando in the summer of 2020.

The New Normal: What if the brokerage of the future isn’t a brokerage at all?

Inman

How are brokerages evolving given that teams are less constrained by geography thanks to powerful new upstart companies, even as control of real estate technology becomes more centralized?

Redfin’s listings to disclose agent commissions

Housing Wire

The commission gobbled up by a homebuyer’s real estate agent will now be posted on Redfin’s listings. Under that deal, the MLS operator/lobbying group for real estate agents agreed that they could no longer keep Redfin and other websites from posting an agent’s commission fee.

Agents 375

How Real Estate Brokerages Can Empower Their Agents

RIS Media

Number of agents: 300. I also love empowering my agents. Best piece of advice for new agents: Be consistent with your habits. Most agents struggle when it comes to keeping their pipeline full, so consistent lead gen habits are paramount. Chris Sears. Managing Partner.

In defense of the individual real estate agent

Housing Wire

I saw a social media post recently by our local ‘mega-agent’ entitled: “Breaking News: Individual Real Estate agents added to Endangered Professions List!”. The individual agent is on life support, it exclaims. The individual agent. The mega-agent.

Agents 375

Be prepared! 11 reasons agents might leave your brokerage in 2021

Inman

Every year, new agents join the office, and others leave. Your job as broker or manager is to look for red flags and identify which issues, life events or frustrations can affect your agents and staff members right now.

Radius Agent is launching a virtual, 100% commission brokerage

Inman

The tech startup behind the 70,000-agent social network and lead generation marketplace is getting into the brokerage business. Brokerage Industry News Select Technology biju ashokan Cota Capital nfx pete flint radius agent Radius marketplace roofstock sanya gurnani Sierre Ventures

Why there are so few real estate agents of color

Housing Wire

Shawneequa Badger, leads an agent team at Corcoran Living in Oakland. Amy Kong of Trust Real Estate hosts open houses where people ask, “Where is the agent?”. These are instances of racism experienced by Hispanic, Black and Asian real estate agents.

Agents 336

Virtual brokerage Real announces $20M funding round

Inman

Brokerage Industry News Select Technology agent count agent growth Coronavirus funding round inc 500 real brokerage Real Brokerage Inc Real Pipe LLC real trends tamir poleg virtual brokerage virtual model

The Data On Why Real Estate Agents Leave Their Brokerage

Real Trends

Can you predict agent departures? Brokerage Benchmark report Coaching REAL Trends NewsletterYes, by examining patterns of behavior. Here’s how.

3 superpowers indie brokerages have in 2020

Inman

After merging with a national brokerage, Andrew Fortune realized there were things about the boutique lifestyle that he’d never find in a national brand. Here are the three major benefits of indie brokerages.

Where real estate agents fit into Zillow’s grand vision

Housing Wire

Also, we figured they would wake up one day, and say, ‘Hey, we’re a brokerage.’”. Zillow, for years, made money selling leads to real estate agents, a practice that agents like Herrera already felt ambivalent toward.

Agents 390

How 5 top brokerages revamped their training programs

Inman

As the industry shifted in unprecedented ways over the last year, many of the country's biggest brokerages upgraded their training strategies to better serve their agents.

Brokerage uses VR to get consumers inside houses that haven’t been built yet

Housing Wire

based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. What is really different about ours and is a really special amazing piece is that the agent is inside of virtuality with the clients, looking at whatever they’re looking at,” Fiero said. “So,

Agent/broker perspective: Should brokerages police industry violations?

Inman

Each month Anthony Askowitz explores a hypothetical real estate situation from both sides of the broker/agent dynamic. This time: A rule-abiding agent is frustrated by her local association's failure to penalize serious wrongdoers appropriately, especially in her own office.

Ben Caballero heads RealTrends’ 2020 top agent list

Housing Wire

Most of the highest producing real estate agents in the country belong to an established, national brokerage. Heading the RealTrends’ top 1,000 agents list – as he has for most years since 2013 – is Ben Caballero, of Dallas-based HomesUSA.

Agents 245

How to steer your brokerage through extreme markets

Inman

Operating a brokerage during extreme market fluctuations? You'll need to develop a strategy — and that starts with supporting your agents, providing superior service and learning how to be flexible through it all.

Real estate agents hold breath on commission disclosure

Housing Wire

But the session did not reach a looming inflection point for real estate agents: Whether they must tell homebuyers what commission percentage they stand to make. At issue is unprecedented transparency required out of real estate agents.

Agents 238

Rethinking your life? 5 questions to ask before switching brokerages

Inman

It seems like every day a top team or agent is making headlines by jumping to a new brokerage. Agent Select Teams agent commission brokerage culture new brokerage switch brokerage switching brokerages

App-based brokerage Torii closes on more funding, launches LA operations

Inman

Most Torii real estate agents are salaried employees with benefits and full marketing support. The company is focused on becoming a single provider for all homebuyer needs.

Ramsey vs. eXp: The coaching company takes aim at the brokerage

Inman

Ramsey Solutions has given eXp Realty agents a startling choice: Switch brokerages or stop getting leads from the well-known coaching firm.

4 telltale signs an agent is planning to exit your brokerage

Inman

It’s that time of year when agents decide to switch brokerages and chase promises of more leads, higher splits or lower fees. Here are a few behavioral changes that indicate an agent is planning to make a switch.