Remove Agents Remove Purchase and sale agreement Remove Technology
article thumbnail

Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity. The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025.

article thumbnail

Coldwell Banker taps Payload for automated earnest money deposits

Housing Wire

Coldwell Banker Realty just made earnest money deposit payments much easier for real estate agents and homebuyers. Technology provider Payload is integrating with the brokerage firm, according to a recent announcement. With its new integration, Coldwell Banker Realty — a subsidiary of Anywhere Real Estate Inc.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MLSs turn to AI to catch commission lawsuit settlement violations

Housing Wire

MLSs are using AI technology to catch agents who attempt to circumvent the commission lawsuit settlement terms. Before the commission lawsuit settlements, “three” used to be the magic number for agents posting on multiple listings services (MLSs). But now it’s a dirty word. Change the price to $750,002.75.

MLS 409
article thumbnail

Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

Youve likely heard about real estate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Our goal is to help educate you on what a real estate team is, how they work and the types of agents who thrive on teams. If youre reading this article, youre not alone.

article thumbnail

Will someone buy a house from an AI real estate agent?

Housing Wire

Theres been some pretty regular chatter in the real estate-o-sphere (which, lets be honest, isn’t really a thing) about AI and whether itll replace agents. Homa basically offers a suite of AI tools to help buyers purchase a home represented by an AI real estate agent, not a human one. Ill give you my answer upfront: yes.

Agents 215
article thumbnail

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. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms.

article thumbnail

Zillow is still in the red, but its major revenue streams are rising

Housing Wire

This agreement is really a great win-win, Zillow CEO Jeremy Wacksman said on the earnings call. Origination volume is up even more, as the company’s purchase loan volume doubled in 2024, while refinance originations rose 69%. The deal has a five-year term with two options to extend it by two years.