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Top indie brokerage John L. Scott acquires Sterling Johnston Real Estate

Housing Wire

West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate , based out of Redmond, Washington. Scott currently has more than 100 offices spread across Washington , Oregon, Idaho and California, according to the brokerage’s website.

Brokerage 375
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Indie brokerage Nationwide Real Estate Executives joins eXp Realty

Housing Wire

Daryl Owen , the founder of top California independent brokerage Nationwide Real Estate Executives , is joining eXp Realty and taking 200 agents along with him. RealTrends couldn’t independently confirm those figures; NRE has not submitted data to the RealTrends brokerage rankings since 2019.

Brokerage 370
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Opinion: Real estate brokers are still buying and selling firms

Housing Wire

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results.

Brokerage 389
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Alexa L. Barnett to Lead Commercial Property Management at Horrell Co.

Realty Biz

Barnett will be taking on the role of Head of Commercial Property Management. Horrell Company's new Head of Commercial Property Management, Alexa L. Elliott Smith , President & CEO of Horrell Company I look forward to growing our portfolio and property management services under Elliott's leadership.

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Illinois homebuyer files commission lawsuit against @properties

Housing Wire

In addition to the long running Moehrl commission lawsuit , as well as the Batton 1 and Batton 2 suits , the Prairie State is now home to the Tuccori suit, filed in early December 2023 by James Tuccori against @properties. With four commission lawsuits in play, Illinois currently holds the title for the most commission lawsuits in one state.

MLS 420
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7 ways to avoid being a ‘broke’ real estate broker

Housing Wire

For many real estate agents, a logical step on their path of professional development is becoming a real estate broker, then working as either a managing broker or a broker-owner. For brokers who are franchise owners in a big-box brokerage model , upstream costs can make it difficult to maintain profitability.

Brokerage 402
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How to Become a Property Manager in 7 Easy Steps

The Close

In my 28-year real estate career as a broker and coach, I have worked with many agents who have asked about either adding property management to their current business or becoming a full-time property manager. From the outside looking in, property management looks easy.