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Rocket lays off 2% of workforce after closing Redfin acquisition

Housing Wire

billion all-stock acquisition of real estate brokerage Redfin. The company has already closed the Redfin acquisition and is awaiting regulatory approval to complete its purchase of Mr. Cooper Group. Rocket is buying the digital real estate brokerage in an all-stock transaction valued at $1.75 billion in equity.

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The many ways real estate brokerages boost agent productivity

Housing Wire

The Arizona-based brokerage has organized a vast network of referral partners that include major mortgage lenders like Rocket Mortgage, Veterans United Home Loans and Mr. Cooper just to name a few. This has enabled JMG agents to close more transactions. sides per agent in 2024, the most of any brokerage with 500 to 999 agents.

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The Real Brokerage continues its expansion tear in California, Florida

Housing Wire

The Real Brokerage is a already a top 10 company in terms of transaction volume and sides and it continued its growth this week in two of the nation’s most populous states. Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. billion.

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Better Homes and Garden Real Estate adds California brokerage

Housing Wire

A boutique real estate brokerage based in Kern County, California , has joined the Better Homes and Gardens Real Estate network. We’re fortunate enough to serve a very close-knit community where local values dictate all, and the brand perfectly understands that.

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Real estate brokerage profit margins show signs of stabilization

Housing Wire

The index benchmarks the profitability of over 150 brokerages across the country and tracks EBITDA earnings as a percentage of revenue for U.S. brokerages that demonstrate consistent GAAP-compliant financial reporting. Both independent firms and national franchises are included in the index.

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Low-fee brokerage firms could give sellers considerable savings: CPC

Housing Wire

Consumers listing a $400,000 property for sale could save up to $10,000 in broker fees by using a “low-fee” brokerage firm, according to a report published Monday by the Consumer Policy Center (CPC). to list a property will spend $6,000 less in brokerage fees to sell a $400,000 home compared to a seller who uses an agent that charges 3%.

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RealTrends’ Steve Murray explores M&A changes and brokerage team models

Housing Wire

The duo explore the current state of mergers and acquisitions, team-based brokerage models, commission compression, and growth opportunities for agents and brokers. What we’ve seen mainly is the activity is now at the local level between local brokerage companies. Why can teams make it work so much better than a brokerage?