Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Those fees are not insignificant, but if you have a sale a year, you can cover them, but why would someone on the fence want to risk it?”

Brokerage 446

Brokerage Agents Industrial As-is 446

Housing Wire

SEPTEMBER 13, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

Brokerage 417

Brokerage Equity Agents Branding 417

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. 166 nationwide in the 2024 RealTrends Verified sales volume rankings, after its agents closed $1.78 billion in sales volume in 2023. Kevin Sears, President of National Association of Realtors. “It

Brokerage 417

Brokerage Branding Agents Sales 417

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 406

Brokerage Branding Technology Agents 406

Housing Wire

AUGUST 4, 2023

Redfin was in the red yet again in the second quarter , but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 million, down from $606.9

Brokerage 370

Brokerage Sales Agents Closing 370

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. He and his team were most recently brokered at Hague Realty in Scottsdale.

Brokerage 395

Brokerage Technology Agents Industrial 395

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. 38 with 12,458 transactions and $7.5

Brokerage 406

Brokerage Agents Industrial Closing 406

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

Brokerage 462

Brokerage Industrial MLS Sales 462

Housing Wire

AUGUST 2, 2023

Daryl Owen , the founder of top California independent brokerage Nationwide Real Estate Executives , is joining eXp Realty and taking 200 agents along with him. In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday.

Brokerage 370

Brokerage Property Management Commercial Branding 370

Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. Real estate brokerage is definitely not for the faint of heart. By the numbers Consider this: It’s estimated that there are currently about 125,000 brokerage firms in the United States. With the Realtor count close to 1.6

Brokerage 395

Brokerage Land Residential Agents 395

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.

Brokerage 370

Brokerage Development Agents Industrial 370

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. 1 in sales volume to to the top of the list and retained their No. of all brokerage-controlled sales in the country, staying even with the 2022 rankings, with 35.9% Last year, Compass rose to No.

Brokerage 437

Brokerage Branding Agents Sales 437

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).

Brokerage 370

Brokerage Agents Title Lending 370

Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 454

Sales New Construction Staging Mortgages 454

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.

Lending 395

Lending Brokerage Mortgages Banks 395

Housing Wire

JULY 1, 2021

So began one of the more compelling panels at RealTrends’ “Gathering of Eagles” conference in Colorado Springs – “Intersection of tech and brokerage.”. Brokerages largely waved the white flag in building competing home listings sites. The post Real estate brokerages: Tech won’t ruin us appeared first on HousingWire.

Brokerage 427

Brokerage Technology Agents Closing 427

Housing Wire

NOVEMBER 17, 2021

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 383

Brokerage Principal Branding Agents 383

Housing Wire

SEPTEMBER 30, 2020

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. Across its multiple regions, its sales volume totaled more than $22 billion, and it sold over 100,000 houses.

Brokerage 407

Brokerage Commercial Title Closing 407

Housing Wire

MARCH 21, 2024

Redfin is expanding an agent compensation plan it launched last year by adding seven new markets starting in May, the national real estate brokerage announced Thursday. No other brokerage can offer agents a big traditional split and all the benefits, support, technology and customer introductions that we provide here at Redfin.

Agents 417

Agents Marketing Brokerage Technology 417

Housing Wire

FEBRUARY 16, 2021

The Austin, Texas-headquartered real estate brokerage closed 1.22 million home sales in the U.S. Keller Williams also claimed $407 billion in 2020 sales volume in Canada and the U.S., How to Diversify Your Brokerage to Weather Economic Hardship. How to Diversify Your Brokerage to Weather Economic Hardship.

Sales 417

Sales Brokerage Staging Closing 417

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.

Agents 413

Agents Brokerage MLS Technology 413

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. This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead. March’s report saw the AMI reaching a score of 114.6,

Agents 417

Agents MLS Brokerage Industrial 417

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%

Purchase and sale agreement 442

Purchase and sale agreement Brokerage Agents Closing 442

Housing Wire

MARCH 11, 2024

Broker Kathy Kaye and agent Lorraine Baker joined Coldwell Banker Warburg , a New York City-based real estate brokerage, the company announced last week. Kaye and Baker each bring $200 million in career sales volume to the firm, according to its press release. In 2022, the team closed more than $28.5 million in sales volume.

Development 427

Development Brokerage Banks Agents 427

Housing Wire

APRIL 29, 2024

Most notably, the brokerage appointed Amy Weaver to the position of senior vice president of the U.S. In 2023, eXp agents closed 355,052 transaction sides, earning the firm the top spot in the RealTrends Verified rankings. The firm’s $143.578 billion in sales volume earned it the No. 3 spot in the rankings. million in 2022.

Commercial 417

Commercial Brokerage Agents Industrial 417

Housing Wire

NOVEMBER 29, 2023

99 agent in Tennessee by sales volume in the RealTrends America’s Best rankings, closing 54.5 million in sales volume. 99 agent in Tennessee by sales volume in the RealTrends America’s Best rankings, closing 54.5 million in sales volume. billion in sales volume. In 2022, Ryan ranked as the No.

Agents 417

Agents Brokerage Closing Sales 417

Housing Wire

MARCH 6, 2024

Top-performing independent Florida brokerage Premiere Plus Realty has chosen to affiliate with Dallas-based United Real Estate , according to an announcement on Wednesday. 155 in the RealTrends 500 rankings by sides, based on its 4,671 closed transactions in 2022. Its sales volume of $3.346 billion was good for No.

Brokerage 434

Brokerage Agents Closing Sales 434

Housing Wire

APRIL 25, 2024

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. ” In 2023, eXp Realty agents closed 355,052 transaction side, earning the firm the top spot in the RealTrends Verified transaction side rankings, while the firm’s $143.578 billion in sales volume earned it the No.

Marketing 411

Marketing Branding Brokerage Staging 411

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.

Agents 437

Agents Brokerage Technology Staging 437

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. Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 435

Agents Brokerage Investor MLS 435

Housing Wire

APRIL 22, 2024

If you opt for the handwritten note option, I’d shorten this by removing the last paragraph and jumping straight from the data to the closing sentence. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Direct mail is a memorable way to stand out among cold callers and social media influencers.

Brokerage 435

Brokerage Investor Agents Pre-approval 435

Housing Wire

AUGUST 7, 2020

Brokerage giants RE/MAX and Keller Williams announced second-quarter numbers Friday, reflecting a business environment that had its share of ups and downs as a result of COVID-19. and Canada, Keller Williams agents closed 272,103 transactions, down 15.4% Agents also closed $85.3 billion in sales volume, down 15% year over year.

Brokerage 383

Brokerage Technology Agents Closing 383

Housing Wire

MARCH 8, 2024

Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. The brokerage is part of the LeadingRE network. 26 firm in the RealTrends 500 for transaction sides, after its agents closed 16,658 transaction sides in 2022.

MLS 417

MLS Brokerage Agents As-is 417

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.”

Industrial 501

Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

OCTOBER 24, 2023

Despite stalling home sales in the third quarter, Anywhere Real Estate managed to deliver “considerable profitability.” The company closed the third quarter with $1.6 ” The company produced these results as home sale transaction volume dropped 13% over last year. . million in July, 4.04 million in August, and 3.96

Marketing 427

Marketing Branding Brokerage Sales 427

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.

Purchase and sale agreement 469

Purchase and sale agreement Agents Closing Brokerage 469

Housing Wire

APRIL 30, 2024

In the newly proposed rules handed down in October, the H4P program would, in certain circumstances, allow for inclusion of an interested party contribution of up to 6% of a home’s sale price. Certner cited fair lending concerns and the potential of undue borrower influence.

Mortgages 415

Mortgages Closing costs Equity Construction 415