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Newrez launches mortgage JV with $4B Keller Williams group in New Jersey

Housing Wire

63 among the 500 best brokerages by volume. “We We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. “We Carnegie Mortgage Partners’ office is in Ridgewood, New Jersey. In all, BCP agents notched $4.2

Mortgages 406
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Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. million after the brokerage paid its commissions and related expenses. Revenue decreased by 10% year over year to $1.34

Principal 374
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The Agency Dallas attracts top performing agents

Housing Wire

In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. Rizo is coming to The Agency from Douglas Elliman. and Mexico.

Agents 368
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Compass Appoints Dawanna Williams, Founder and Managing Principal of Dabar Development Partners, to Board of Directors

Realty Biz

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc. She holds an A.B. About Compass.

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Compass makes its hotly anticipated Wall Street debut

Housing Wire

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 Last week, the brokerage announced in a Securities and Exchange Commission filing that it sought around $882 million from its initial public offering by trading 36 million shares at $23 to $26. Investors initially paid $21.15-a-share

Brokerage 335
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How the Fed’s rate hike will affect the housing market

Housing Wire

Based on our conversations with clients, we believe many market participants will be pleased with the aggressive approach of the Federal Reserve, as there is some belief the Fed’s decision will more quickly bring stability to the home mortgage interest rate environment,” said Marty Green, principal at mortgage law firm Polunsky Beitel Green. .

Marketing 417
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Real estate brokers, it’s time to audit your tech spending

Housing Wire

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. Scott Petronis is the founder and principal at Xcentric Consulting, LLC. And, one thing that I always spot in these financials is excess spending.