Housing Wire

FEBRUARY 1, 2024

Shortly after EasyKnock acquired home equity investment platform Balance Homes , the company appointed former Balance Homes co-founders Judd Schoenholtz and Aaron LaRue as chief revenue officer and chief technology officer, respectively. In his new role, Schoenholtz will be responsible for driving growth for the EasyKnock marketplace.

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Housing Wire

AUGUST 26, 2023

The fight for gender equity in the workplace remains a challenge, especially when it comes to the number of women in leadership positions. A survey found that 14% of men working in female-dominated industries already hold an executive level position, compared to only 8% of women (a 75% difference).

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Housing Wire

APRIL 1, 2024

The accumulation of home equity has propelled many Americans towards financial security, with homeowners currently sitting on nearly $30 trillion of wealth, according to the St Louis Fed. Real estate brokerages , agents, and the vendors that service the industry account for a substantial portion of all the small businesses in America.

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Equity Agents Industrial Land 464

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. Many of these concerns were expressed by influential senior advocacy group AARP , one of the largest consumer interest groups in the U.S.

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Mortgages Closing costs Equity Construction 374

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 394

Housing Wire

FEBRUARY 15, 2024

Additionally, unprecedented litigation efforts against agent commissions have crippled the industry since last fall. The firm’s owned brokerage group, Anywhere Advisors , recorded a 10% annual decline in transaction sides to 57,546. It generated $1.3 billion in revenue in the fourth quarter, a decrease of 6% year over year.

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Marketing Branding Brokerage Sales 389

Housing Wire

OCTOBER 19, 2023

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Michelle Figgs, the former senior industry analyst at Keller Williams , appeared next.

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Agents MLS Brokerage Equity 401

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. On Friday, home seller plaintiff Dalton Jensen filed an antitrust lawsuit in U.S. 9, 2020, and the present, and paid a buyer broker commission.

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MLS Equity Brokerage Industrial 431

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). on a per-unit basis.

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Mortgages Loans Equity Principal 400

Housing Wire

JUNE 1, 2023

eXp used a mixture of its own equity, revenue sharing and the virtual nature of its business to gain its position. Compass, for its part, declined at a slower rate than the two other giants of the industry. The firm moved from number three to number one by transaction sides in the 2023 RealTrends 500 rankings, based on 2022 data.

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Brokerage Residential Equity Agents 363

Housing Wire

AUGUST 7, 2023

Digitization redraws industry boundaries and changes how the value of information is expressed, enriched and exchanged. Many industries began to deploy electronic supply chains in the 1980’s. Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading.

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Lending Loans Technology Brokerage 365

Realty Biz

OCTOBER 23, 2023

JPAR® , a leading player in the real estate industry, has been recognized as a 2023 Top Franchise for Diversity, Equity, and Inclusion by Entrepreneur. This accolade underscores the company's commitment to promoting diversity, equity, and inclusion within its corporate culture and among its franchisees and agents.

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Equity Branding Brokerage Agents 95

Housing Wire

APRIL 9, 2024

Despite the more regional focus of WSFS Mortgage’s reverse mortgage offerings — which offers the loans through its brokerage — the survey itself was conducted nationwide with a research company enlisting responses from 750 homeowners at or over the age of 60. I think the survey bears that out.”

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Mortgages Equity Banks Brokerage 386

Realty Biz

OCTOBER 25, 2023

Stoic Equity Partners has recently added Brent Barkin to its team. In his new role at Stoic Equity Partners, Barkin will be responsible for overseeing investor outreach and sponsorship opportunities. Stoic Equity Partners, founded by Jeremy Friedman and Grant Reaves, is a commercial real estate investment firm based in Daphne, Alabama.

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Equity Development Commercial Branding 62

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Every deal is different – the amount of equity they forward and the fee that they charge for the service. Once the home sells, the homeowner receives the full proceeds.

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Equity Brokerage Mortgages Title 404

Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to? Redfin posted $1.9

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Bankruptcy Brokerage Title Equity 393

RIS Media

APRIL 20, 2022

Redfin has completed its big-ticket purchase of Bay Equity Home Loans. To that end, Kelman said that Redfin and Bay Equity have already hit the ground running by getting both sides in tune with each other. The Seattle-based company is integrating all lending operations under Bay Equity, which will still operate under that name.

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Equity Loan Officer Lending Loans 94

Housing Wire

OCTOBER 23, 2020

Stone Point Capital has purchased Vista Equity Partners’ stake in real estate software company Lone Wolf Technologies. Financial terms of the transaction with Vista Equity Partners weren’t disclosed. million agents, 8,000 brokerages and hundreds of MLS ’ and associations in North America.

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Technology Equity Brokerage MLS 295

Housing Wire

MAY 31, 2022

The chief executive officer for real estate brokerage Side announced a fresh $50 million in venture capital money spearheaded by ultra-prolific financier Tiger Global Management. The reason to stay private is twofold, industry experts said. The recent brokerage IPO wave started with Redfin in 2017. Side is no outlier.

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Brokerage Investor Technology Industrial 380

C4D Crew

MARCH 6, 2024

In recent years, the real estate industry has witnessed a remarkable transformation, marked by the increasing presence and influence of women professionals. Historically, real estate has been perceived as a male-dominated field, but today, women are making significant strides, breaking barriers, and reshaping the landscape of the industry.

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Toronto Realty Blog

SEPTEMBER 25, 2023

Chris had the idea to talk about “discount brokerages,” and I thought it was great. Chris had the idea to talk about “discount brokerages,” and I thought it was great. Alternative Brokerage Models: Are We Trying to Solve a Problem That Doesn’t Exist?

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Brokerage Industrial MLS Equity 97

Housing Wire

SEPTEMBER 11, 2020

Palihapitiya’s special purpose acquisition company – better known as “SPAC” – raised $360 million in April and is “discussing raising fresh equity to help fund the transaction with prospective investors,” Bloomberg reported. iBuyers’ market share more than doubled in 2019, according to industry analyst Mike Del Prete. Roughly $8.7

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Brokerage Investor Equity Agents 404

Housing Wire

SEPTEMBER 18, 2023

Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. RE/MAX’s settlement agreements, as well as the earlier settlement agreements reached by Anywhere Real Estate , must be approved by the U.S. million for both lawsuits.

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MLS Branding Agents Brokerage 483

Housing Wire

FEBRUARY 28, 2021

The company integrates with an existing brokerage website to provide homeowners with three valuations along with insight into the number of real estate buyer leads actively searching for a property just like theirs. Despite low inventory, the housing market is expected to remain strong in 2021 due to low mortgage rates.

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Brokerage Technology Equity Closing 414

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). As an entrepreneur, I get extremely vested when I see our industry friends and innovators land exceptional outcomes. Hey Clayton …” and a link.

Technology 369

Technology Brokerage Lending Mortgages 369

Housing Wire

FEBRUARY 14, 2022

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. Way back in the drab plaid of the 1970s, brokerages often classified agents as employees and offered them health care and pension plans. I started at Redfin 12 years ago,” she said.

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Brokerage Agents Industrial Sales 370

Housing Wire

JANUARY 3, 2024

The firm has succeeded in bringing Reffkin’s compensation more in line with other industry CEOs, though Compass has not posted a profit yet. The new year is bringing some major changes to Compass CEO Robert Reffkin’s compensation plan. In addition, his base salary is jumping up to $900,000 from $400,000 in 2022.

Equity 421

Equity Industrial As-is Marketing 421

RIS Media

MARCH 10, 2022

As the industry awaits HomeSmart’s IPO, the company has announced an equity-share program available to agents participating its Agent Referral Program. By offering equity, both the agents and HomeSmart have shared interest in the success and growth of the company.”.

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Equity Agents Branding Brokerage 98

Realty Biz

MAY 1, 2023

Many were contacted over the last few weeks to get their insights and observations on what they see as the top challenges facing their brokerages for 2023. This impact is felt throughout the industry. One of the biggest challenges as a real estate broker is always having to be “ the smartest person in the room.

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Brokerage Industrial Agents As-is 52

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. The lender and LO can make or break the transaction.”

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Agents Loan Officer Lending MLS 392

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. 2 brokerages in residential sales volume nationally – and bitter rivals.

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Purchase and sale agreement Brokerage Loan Officer Mortgages 294

Housing Wire

SEPTEMBER 15, 2020

Opendoor also launched a brokerage last month. to become a public company using the special purchase acquisition company in a deal that values Opendoor at $4.8 billion and provides it with up to $1 billion in cash proceeds. We created the IPO 2.0 “Opendoor perfectly embodies this vision,” Palihapitiya said. We created the IPO 2.0

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Equity Residential Brokerage Technology 322

Housing Wire

JUNE 19, 2023

Whether you’re on the brokerage or lending side, offering clients something that aligns with today’s narrative is key. Over the past decade, the industry has primarily focused on optimizing and monetizing transactions. The newest prop tech applications to moat the client relationship are home management tools.

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Technology Mortgages Title Lending 331

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

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Due diligence Marketing Loans Mortgages 393

Housing Wire

MARCH 19, 2021

A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public. “We’re the only nationwide brokerage in the [Baltimore and Washington D.C. “We’re the only nationwide brokerage in the [Baltimore and Washington D.C.

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Marketing Rent back Equity Brokerage 404

Housing Wire

JULY 20, 2023

For example, when you’re just starting out in real estate, you’ll need to put in sweat equity. These could include a personal note, an offer to grab coffee or an invite to an industry or community party or event. Memorable experiences and high-quality service keep clients coming back in any industry.

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Agents Closing Equity Branding 265

RIS Media

OCTOBER 12, 2021

Whatever the reason, Americans ages 25 to 40 display noticeably different attitudes about tapping their home equity than do older homeowners. On the other hand, only 49% of millennials say they’d tap equity for home improvements, compared with 64% of Generation X and 66% of boomers. A Much Different Rate Picture.

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Equity Loans Mortgages As-is 93