Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 billion in sales in 2022 and will have to pay the Umpa settlement out of its own coffers.

Brokerage 382

Brokerage Agents Technology Sales 382

Housing Wire

MARCH 27, 2024

Brokerages took notice, resulting in a surge in companies and office locations competing for their share of listings, according to CoreLogic multiple-listing service data shared exclusively with HousingWire. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

Brokerage 440

Brokerage Construction MLS Land 440

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 441

Brokerage Agents Industrial As-is 441

Housing Wire

AUGUST 30, 2023

In the competitive world of real estate recruitment, brokerages fight for the attention and loyalty of talented agents who can drive their success. As the lifeblood of the industry, agents play an important role in attracting clients, closing deals and determining the ultimate profitability of a brokerage.

Brokerage 368

Brokerage Branding Agents Closing 368

Housing Wire

OCTOBER 5, 2023

The Robert Reffkin -helmed firm is welcoming back Bob Gerlach, who retired from the brokerage in 2021, according to an announcement on Wednesday. Gerlach is joining Compass as a sales manager supporting brokerage professionals in the Palo Alto market as part of the firm’s management team.

Industrial 414

Industrial Brokerage Agents Sales 414

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 456

Brokerage Industrial MLS Sales 456

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

Industrial 441

Industrial MLS Brokerage Agents 441

Housing Wire

MARCH 22, 2024

I’m sharing a transformative announcement with you today, one that marks a new era for RealTrends and propels forward the vision of bringing transparency to what it means to be a top-performing real estate brokerage, team or agent. In real estate and data alike, clarity and trust are paramount.

Brokerage 414

Brokerage Branding Agents As-is 414

Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers.

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. As a result of this scheme, the purportedly non-negotiable commissions of buyer agents are rolled into the sale price of homes.

Brokerage 424

Brokerage MLS Branding Agents 424

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.

Brokerage 414

Brokerage Branding Agents Sales 414

Housing Wire

NOVEMBER 20, 2023

billion dollar damages claim assessed against the National Association of Realtors , Keller Williams and HomeServices , I wondered what impact this could have economically on the industry. I decided to break down the numbers and look at brokerage economics. This is among the large challenges facing the industry.

Brokerage 399

Brokerage Branding Agents Industrial 399

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.

Brokerage 386

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.

Brokerage 394

Brokerage Agents Industrial Closing 394

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 362

Brokerage Development Agents Industrial 362

Housing Wire

APRIL 23, 2024

We believe adding 3D digital twins for Homes.com will increase the leads we deliver, increase customer satisfaction, increase renewal rates, increase sales and increase site traffic further.” In the first quarter, the sales team for Homes.com generated nearly $40 million in net new bookings. each, representing a value of $2.1

Sales 367

Sales Residential Branding Brokerage 367

Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. 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. Most brokers are feeling the crunch.

Brokerage 385

Brokerage Land Residential Agents 385

Housing Wire

AUGUST 2, 2023

Under the leadership of Mark Dilbeck, the company’s majority owner since 1998, the indie brokerage achieved $1.04 billion in sales volume last year, according to the RealTrends 500 rankings. Dilbeck was #373 in the nation by sales volume last year, and its agents averaged $2.99 million in volume.

Brokerage 363

Brokerage Branding Agents Sales 363

Housing Wire

APRIL 4, 2024

Ryan Serhant — the acclaimed real estate broker, media personality and serial entrepreneur — is moving beyond his career in real estate to delve into the broader arena of sales. Serhant has teamed up with former NBC News producer Kyle Scott to unveil SellIt, a sales training platform tailored for all types of entrepreneurs.

Sales 318

Sales Brokerage Industrial As-is 318

Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. The self-reported list ranks U.S. 186 spot on the Inc.

Brokerage 370

Brokerage Title Agents Residential 370

Housing Wire

DECEMBER 26, 2023

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I But not everyone shares his rosy outlook. Morgan , said.

Brokerage 441

Brokerage Mortgages Agents Industrial 441

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 430

Brokerage Branding Agents Sales 430

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 Poleg acknowledged the headwinds faced by the industry, telling analysts that elevated mortgage rates are stifling sales activity. Like many other brokerages , the firm is still in the red (it lost over $20 million last year). million loss year over year.

Brokerage 363

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 They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.”

Title 414

Title Industrial Purchase and sale agreement Agents 414

Housing Wire

MARCH 11, 2021

Growing real estate brokerage firm HomeSmart announced Wednesday that it bought PalmerHouse Properties , an Atlanta-headquartered brokerage that has about 2,000 agents. billion in 2020 sales volume from 9,904 transaction sides, and it ranks as a “top 10 brokerage in the Atlanta area,” according to data provided by HomeSmart.

Brokerage 378

Brokerage Agents Sales Industrial 378

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 393

Lending Brokerage Mortgages Banks 393

Housing Wire

JANUARY 10, 2024

It relies on examinations of agents’ sales for five major real estate firms in each of four geographic areas; out of a sample of 2,000 agents, 100 were selected randomly from each firm in each area. To Brobeck, the fact that so many agents rely on residential sales for occasional, marginal or supplemental income is a problem.

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Agents Sales Residential Commercial 424

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story.

Brokerage 457

Brokerage MLS Agents Branding 457

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 374

Agents Brokerage MLS Technology 374

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. In his role as national sales director at Movement, Yeager will focus on the company’s growing sales team. At Cobalt, Yeager oversaw $5 billion in production.

Sales 368

Sales Loan Officer Lending Residential 368

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. .

Marketing 382

Marketing Branding Brokerage Staging 382

Housing Wire

APRIL 9, 2024

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits. District Court for the Northern District of Indiana.

Brokerage 441

Brokerage Agents Sales Industrial 441

Housing Wire

APRIL 17, 2024

This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead. 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.

Agents 414

Agents MLS Brokerage Industrial 414

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. “In 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 417

Agents Brokerage Investor MLS 417

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.

Commercial 408

Commercial Brokerage Agents Industrial 408

Housing Wire

APRIL 15, 2024

In the past few weeks, 11 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza and Jack Levine — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.

Brokerage 422

Brokerage Agents Industrial Sales 422

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).

Brokerage 417

Brokerage Investor Agents Pre-approval 417