Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8 billion ).

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Brokerage Industrial MLS Sales 456

Housing Wire

AUGUST 30, 2023

Fast-growing firm The Real Brokerage is welcoming yet another top-performing agent to the company. Arizona-based David Newman and his 12-member team, David Newman Partners, are moving to The Real Brokerage, according to an announcement on Wednesday. Newman has more than 20 years of experience in the real estate industry.

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Brokerage Technology Agents Industrial 386

Housing Wire

OCTOBER 25, 2023

Florida -based Keyes Company , an independent real estate brokerage , partnered with housing data aggregator BHR , the company announced Tuesday. According to the 2023 RealTrends rankings of top real estate brokerages by sides, Keyes is ranked No. billion in closed sales volume in 2022. billion in closed sales volume in 2022.

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Brokerage Agents Industrial Closing 394

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. We both shared a passion for our families, our clients, being involved in our communities, understanding the importance of having a solid business plan and advocating for both our industry and the clients we serve.

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Brokerage Branding Agents Sales 414

Housing Wire

AUGUST 3, 2023

Kofi Nartey, a top real estate broker with a client list of celebrities and prominent athletes, has joined The Real Brokerage as a national growth leader. As part of his role at Real, Nartey will teach agents how to pitch the value proposition of The Real Brokerage. He will continue to grow his team through The Real Brokerage network.

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Brokerage Development Agents Industrial 362

Housing Wire

SEPTEMBER 7, 2023

Rather than belabor the kick in the teeth this industry is feeling, I’d like to bring attention to the other side of the coin that has some real estate brokers licking their chops. Real estate brokerage is definitely not for the faint of heart. With the Realtor count close to 1.6 With the Realtor count close to 1.6

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Brokerage Land Residential Agents 385

Housing Wire

JANUARY 23, 2024

As a licensed brokerage , it operates in all 50 states, and its real estate database is powered mostly by MLS-listed homes in the U.S. As a real estate hub, Xome offers services such as asset management, property disposition, title, close and valuation through an integrated, technology-driven platform.

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Industrial Title MLS Technology 422

Housing Wire

AUGUST 10, 2023

Low-cost residential real estate brokerage is not necessarily a new phenomenon. Flat-fee firms climbing up the brokerage rankings Interestingly, in 2013 only five of the top 100 firms in the nation, according to the RealTrends 500 rankings , were flat-fee firms. Low-cost brokerage has kicked brokers in the teeth over the years.

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Brokerage Industrial Agents Residential 370

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 During the second quarter, Real once again delivered best-in-class growth with our agents closing a record number of transactions,” said Tamir Poleg , the CEO of Real. Like many other brokerages , the firm is still in the red (it lost over $20 million last year).

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Brokerage Agents Title Lending 363

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If If the costs associated with homeownership and buying a home at a macro level is coming into question, it is hard to imagine that, that doesn’t bleed into settlement services,” Frasier said.

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Title Industrial Purchase and sale agreement Agents 414

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. These four brokerage companies did just over $20 billion in residential gross commission revenue, which shows steady growth in a down market,” said RealTrends Senior Advisor Steve Murray. “In of all Realtors.

Brokerage 430

Brokerage Branding Agents Sales 430

Housing Wire

OCTOBER 23, 2023

Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. Having this data at your fingertips will help keep the process streamlined and keep you on schedule for your targeted closing date. Data cleanliness can make or break a transaction!

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Due diligence Brokerage Staging Agents 405

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. Is now a good time to invest in real estate automation technologies? Presented by: Axis Technical Group.

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Lending Brokerage Mortgages Banks 393

Housing Wire

APRIL 17, 2024

Key highlights from this month’s AMI show that the decline in the number of active agents, those with a closing in the past year, has plateaued. Moreover, the AMI reveals an upward trend in agents switching between brokerages, though the expected peak for March fell short of previous highs, the overall trend continues generally upward.

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Agents MLS Brokerage Industrial 414

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.

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Brokerage Mortgages Loan Officer Banks 413

Housing Wire

SEPTEMBER 6, 2023

The biggest combined brokerage company in the country in terms of all their brands, just said, ‘We’re out. Top of mind, of course, is what exactly the settlement agreements include, besides an agreement by Anywhere to pay a total of $83.5 million in damages for both the Moehrl and Sitzer/Burnett suits.

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Industrial MLS Agents Equity 414

Housing Wire

APRIL 25, 2024

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. “Her industry background and understanding of modern real estate marketing will best position us to expand our reach and impact in the market.” “I’m absolutely thrilled to join eXp Realty. .

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Marketing Branding Brokerage Staging 382

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

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Agents Brokerage MLS Technology 374

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 301

Housing Wire

APRIL 29, 2024

Most notably, the brokerage appointed Amy Weaver to the position of senior vice president of the U.S. As we navigate a fluctuating economic landscape, it is crucial that we continue to innovate and double down on our growth efforts, ensuring that eXp Realty remains a leader in the real estate industry. 3 spot in the rankings.

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Commercial Brokerage Agents Industrial 408

Housing Wire

NOVEMBER 13, 2020

In most cases, the advancements cause disruption— and opportunity—in every industry. Drone mapping is replacing manned aerial flyovers such as Google Earth , a technology the industry has relied on for decades. Modern drone technology is an excellent mapping tool that helps agents close deals more quickly. Bottom Line.

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Industrial Technology Land Brokerage 442

Housing Wire

MARCH 12, 2024

In an announcement on Tuesday, the brokerage noted that it had expanded the program to more than a dozen additional markets, including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. The buyer will receive the refund at closing. The Sign & Save refund starts at 0.25% of the purchase price, but it rises to 0.5%

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Purchase and sale agreement Brokerage Agents Closing 419

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. annual increase in the number of transactions closed by Compass agents, which came in at 38,449 sides for a volume of $40.1

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Agents Brokerage Investor MLS 417

Housing Wire

FEBRUARY 20, 2024

Illinois-based Baird & Warner , an independent real estate brokerage, partnered with proptech firm RealReports , the companies announced Tuesday. In 2022, Baird & Warner closed 15,454 transaction sides totaling nearly $6.3 Founded in 1855, the brokerage lays claim as the oldest U.S. brokerage still in operation.

Brokerage 410

Brokerage Agents Design Industrial 410

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. Certner cited fair lending concerns and the potential of undue borrower influence.

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Mortgages Closing costs Equity Construction 397

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand.

Industrial 382

Industrial Mortgages Lending Due diligence 382

Housing Wire

JULY 1, 2022

The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. On the last day of the month, the New York-based Mortgage Industry Advisory Corp. (or or MIAC Analytics) released bid documents for an MSR offering it is brokering that exceeds $5 billion in value.

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Closing Marketing Loans Mortgages 365

Housing Wire

NOVEMBER 16, 2023

Due to this, Marx Sterbcow, the managing partner at Sterbcow Law Group , fears the real estate industry may be in for a “death by a thousand cuts.” “I They want smaller targets who are far easier to greenmail,” industry analyst Rob Hahn wrote in the Nov. This also provides a window of opportunity for personal injury lawyers.

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Brokerage Industrial Commercial As-is 447

Housing Wire

NOVEMBER 29, 2023

A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

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Agents Brokerage Technology Staging 432

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri. Who’s named?

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MLS Brokerage Industrial Agents 414

Housing Wire

JANUARY 11, 2024

One potential stream that quickly comes to mind is the potential of capturing title and closing business. For the most part, many brokerages and real estate agents on the buyer’s side of the transaction have continued on with a “business as usual” approach until we have certainty as to the true impact.

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Title Brokerage Construction Closing 433

Housing Wire

SEPTEMBER 28, 2023

Highlighting a significant industry challenge, Duffy pointed out, “Our industry has purchased 250 million leads going after 8 million in commissions.” ” In the past, low-fee brokerages were thought to be low service. Now, franchising criteria are stringent, with only 1 in 50 brokerages qualifying.

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Brokerage Agents Industrial Technology 403

Housing Wire

APRIL 22, 2024

This is especially effective if you’re newly licensed, just moved to a new area, or simply as an introduction if you’ve haven’t previously told your neighbors that you’re in the real estate industry. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Great news! Your neighborhood is hot!

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Brokerage Investor Agents Pre-approval 417

Housing Wire

FEBRUARY 2, 2024

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% The buyer will receive the refund at closing.

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Purchase and sale agreement Agents Closing Brokerage 464

Housing Wire

APRIL 26, 2024

Anyone with a microphone and a cup of coffee can wax poetic about the ebbs and flows of the industry. The Millionaire Real Estate Agent Host: Jason Abrams Best for: If you’re navigating the industry’s ins and outs, The Millionaire Real Estate Agent has 30-minute episodes that are digestible and informative.

Agents 457

Agents Industrial Brokerage As-is 457

Housing Wire

SEPTEMBER 22, 2023

I don’t think many people would disagree that 2023 has been a year full of challenging landscapes and uneasy terrain for many real estate brokerages. Own your narrative If there is one thing this industry is known for it’s gossip. If you have to make some unpopular changes in your brokerage, expect people to talk about it.

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Brokerage Agents Closing As-is 403