Housing Wire

JUNE 3, 2022

Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% The post Residential construction jobs now 7.6%

Residential 453

Residential Construction Banks Renovation 453

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 317

Brokerage Development Agents Industrial 317

Housing Wire

JANUARY 19, 2022

The real estate brokerage has not announced agent hires, but it has tapped a managing broker for the state in John Wollberg. Wollberg was most recently the executive vice president and managing director of sales and operations at Brown Harris Stevens , a Manhattan-based brokerage headquartered on Park Avenue. real estate. real estate.

Brokerage 381

Brokerage Branding Residential Agents 381

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 369

Brokerage Title Agents Residential 369

Housing Wire

AUGUST 10, 2023

Low-cost residential real estate brokerage is not necessarily a new phenomenon. Flat-fee firms climbing up the brokerage rankings Interestingly, in 2013 only five of the top 100 firms in the nation, according to the RealTrends 500 rankings , were flat-fee firms. Low-cost brokerage has kicked brokers in the teeth over the years.

Brokerage 353

Brokerage Industrial Agents Residential 353

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. These four brokerage companies did just over $20 billion in residential gross commission revenue, which shows steady growth in a down market,” said RealTrends Senior Advisor Steve Murray. “In

Brokerage 403

Brokerage Branding Agents Sales 403

Housing Wire

OCTOBER 23, 2023

Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. Scott Wright is a partner with RTC Consulting , a real estate brokerage valuation and M&A consulting firm. Once an offer is accepted, the full due diligence stage commences.

Due diligence 367

Due diligence Brokerage Staging Agents 367

Housing Wire

APRIL 22, 2024

While the pandemic may have ended, these habits have persisted, leading Florance to believe that the trend will seep over permanently into the residential real estate world. Through the acquisition, Florance is taking a bet that similar trends will extend into the residential real estate sector. Photography is so 1989,” Florance said.

Branding 342

Branding Brokerage Staging Residential 342

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 455

Brokerage MLS Agents Branding 455

Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 395

Brokerage Mortgages Loan Officer Banks 395

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. While CoStar’s stock climbed more than 8% on the day, the other companies’ stocks fell 4.9-14.3%.

Investor 425

Investor Residential Agents MLS 425

Housing Wire

JULY 29, 2021

In the past, when brokers thought about low-fee brokerage firms, they thought of low service. But, there’s a new breed of low-fee brokerage (not to be confused with a discount brokerage which offers a low commission to buyers and sellers), that is a hybrid between a 100% model and a traditional brokerage.

Brokerage 370

Brokerage Technology Agents Development 370

Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. In the complaintant, March, who sold a home in Manhattan and is the only named plaintiff, states that REBNY’s Universal Co-Brokerage Agreement forced him to pay an allegedly inflated commission fee to the buyer’s broker. is safe from a commission lawsuit.

Brokerage 464

Brokerage Residential Agents As-is 464

Housing Wire

OCTOBER 3, 2023

Headquartered in Roswell, Georgia, Onward Home Mortgage specializes in residential purchase mortgage lending and has a presence in the greater Georgia and Alabama areas. Through the partnership with agents at Keller Williams GLG, mortgage professionals at Onward Home Mortgage and Newrez will target borrowers in the Southeast United States.

Mortgages 403

Mortgages Loan Officer Brokerage Residential 403

Housing Wire

SEPTEMBER 12, 2023

Another independent brokerage has chosen to align with RE/MAX. The brokerage will now operate under the name RE/MAX The Collective. RE/MAX The Collective will serve buyers and sellers throughout Yakima, Ellensburg and Cle Elum and it will specialize in rural and residential properties as well as large agricultural farms.

Brokerage 397

Brokerage Branding Residential Agents 397

Housing Wire

MARCH 18, 2024

Roomvu , a Canadian-based video marketing platform for residential real estate agents, is partnering with Leading Real Estate Companies of the World (LeadingRE) and Realty One to mark Roomvu’s expansion into the U.S. Our expansion into the U.S. Our partnerships with LeadingRE and RealtyOne are just the beginning.

Marketing 385

Marketing Residential Technology Branding 385

Housing Wire

OCTOBER 19, 2023

The REBNY and the Residential Listing Service (RSL) in NYC are governed by the Universal Co-Brokerage Agreement (UCBA) and are independent from the National Association of Realtors. Starting Jan. 1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly.

Agents 432

Agents MLS Residential Brokerage 432

Housing Wire

FEBRUARY 21, 2024

The residential brokerage was dismissed this week from one of the early real estate commission lawsuits , known as “Batton 1” after its lead plaintiff, a homebuyer named Mya Batton. HomeServices of America can preserve some of its legal war chest — for now, at least. Judge Andrea Wood of the U.S.

Brokerage 364

Brokerage MLS Commercial Residential 364

Housing Wire

SEPTEMBER 13, 2023

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. In fact, the level of in-market combinations has not declined much at all.

Brokerage 334

Brokerage Property Management Title Residential 334

Housing Wire

NOVEMBER 7, 2023

63 among the 500 best brokerages by volume. “We GLG is also part of a larger Keller Williams Realty franchise group of residential real estate brokerages located in Georgia. The joint venture mortgage company is led by Margaret Bernabei, a former branch manager at a CrossCountry Mortgage outpost. million in sales volume in 2022.

Mortgages 409

Mortgages Principal Brokerage Lending 409

Housing Wire

APRIL 23, 2024

We believe that Homes.com is now one of two most heavily trafficked residential marketplace portals in the U.S.,” He believes in the success of Homes.com because it focuses on selling homes and building brands for both agents and brokerage firms. each, representing a value of $2.1 per share in cash and $2.75 in shares of CoStar Group.

Sales 318

Sales Residential Branding Brokerage 318

Housing Wire

APRIL 23, 2024

While the settlement protects roughly 1 million NAR members and hundreds of real estate brokerages nationwide, it does not provide protection for firms that recorded more than $2 billion in residential transaction volume in 2022, meaning that the nation’s largest brokerages are not protected.

Brokerage 369

Brokerage Agents MLS Staging 369

Housing Wire

NOVEMBER 28, 2023

With the residential real estate pendulum swinging from blissful exuberance in the second half of 2020 to extreme consternation for many today, brokers have had to pivot like never before. As such, it certainly feels like that pendulum is a labrys slicing through our brokerage firms. Retain and develop. Spend less money than you make.

Brokerage 406

Brokerage Residential Technology Development 406

Housing Wire

JANUARY 11, 2024

Defendants’ conspiracy has artificially inflated broker commissions to a range of 5-6% of the sale price in nearly all residential real estate transactions in REBNY Brooklyn—half of which automatically goes to the Buyer Broker—an overcharge that is borne entirely by the home seller,” the complaint states. “In Garfield & Co. ,

Residential 409

Residential Agents Brokerage Sales 409

Housing Wire

JANUARY 9, 2024

“This archaic commission structure has remained insulated from market forces for almost 30 years because of a long-running conspiracy among Defendants to implement and enforce anticompetitive restraints in the residential real estate market,” the complaint reads. “No 5, 2020, and the present.

MLS 466

MLS Brokerage Residential As-is 466

RIS Media

MAY 8, 2023

Company culture is a hot topic these days as brokerages define what they do and how they do it, hopefully using their reputations to draw elite talent. It informs every aspect of businesses that rely on staff members working together as a team.

Brokerage 106

Brokerage Residential Agents As-is 106

Housing Wire

FEBRUARY 28, 2024

While this is certainly not the only lawsuit Redfin has been named a defendant in, it is the first suit in which it is named as the sole real estate brokerage defendant. The National Association of Realtors is facing yet another copycat commission lawsuit. Filed on Tuesday in U.S. 2, 2019, and Oct. 2, 2019, and Oct.

MLS 395

MLS Residential Brokerage Agents 395

Housing Wire

OCTOBER 6, 2023

Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market. But people need homes,” said Kenny Deen, senior account executive at the independent mortgage banker and residential home lender Paramount Residential Mortgage Group.

Mortgages 473

Mortgages VA loan Finance Loans 473

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. You are forewarned — there are charts! Who’s most exposed?

Agents 478

Agents Purchase and sale agreement Brokerage Finance 478

Housing Wire

NOVEMBER 17, 2021

For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. Meanwhile, @properties ranks 8 th on RealTrend’s third-party verified and self-reported list of top brokerages nationally by sales volume with $16.4

Brokerage 409

Brokerage Residential Equity Branding 409

RIS Media

MARCH 29, 2022

After being excluded from RISMedia’s 34th Annual Power Broker Report for incorporating commercial transaction data in its reported totals for 2021, Compass has since submitted to RISMedia verified residential-only numbers for the year: 2021 residential sales volume: $251,019,336,511. 2021 residential transactions : 224,067.

Residential 104

Residential Commercial Brokerage Sales 104

Housing Wire

OCTOBER 16, 2023

The long-anticipated Sitzer/Burnett class action commission lawsuit enters its first day in court on Monday, leaving real estate professionals to ponder the fate of today’s cooperation and commission practices. What’s at stake may be much bigger than that. What’s at stake may be much bigger than that.

MLS 458

MLS Brokerage Agents Residential 458

Housing Wire

JUNE 1, 2022

Despite that, the 2022 RealTrends top real estate brokerage firms did a record number of transaction sides in 2021 (our 2022 rankings are based on 2021 data). The top four — Realogy Brokerage Group , HomeServices of America , Compass and eXp Realty — now have 20% market share in the U.S. In the franchise category, No.

Brokerage 377

Brokerage Residential Title Mortgages 377

Housing Wire

MAY 13, 2021

Compass has successfully become a publicly traded company, but the residential brokerage continues to lose money and it has unclear plans to generate more revenue. Compass CEO Robert Reffkin said that the brokerage is “expanding our adjacent service business” into title and escrow, and “plans to provide” mortgage services.

Mortgages 410

Mortgages Brokerage Title Residential 410

Housing Wire

DECEMBER 6, 2023

Defendants in the lawsuit include the Florida Association of Realtors , the nation’s largest state Realtor group with 238,000 members, and 16 large local brokerages, with agent counts ranging from 655 to nearly 4,000. District Court for the Western District of Pennsylvania.

MLS 430

MLS Brokerage Agents Industrial 430

Housing Wire

APRIL 25, 2024

We are excited to introduce Claire to homebuyers as we believe it represents a timely solution while the residential real estate industry is undergoing a significant reset,” Mike Logozzo, president and chief operating officer of reAlpha, said in a statement.

Agents 370

Agents Technology Residential Industrial 370

Housing Wire

JULY 28, 2023

Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. 18 brokerage in the country in the RealTrends 500 after reporting a total sales volume of $10.997 billion in 2022. 18 brokerage in the country in the RealTrends 500 after reporting a total sales volume of $10.997 billion in 2022.

Brokerage 350

Brokerage Finance Lending Mortgages 350