Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. During this time, we ( RTC Consulting ) have come to grips with various certainties prevalent in residential real estate. Real estate brokerage is definitely not for the faint of heart. Most brokers are feeling the crunch.

Brokerage 378

Brokerage Land Residential Agents 378

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 354

Brokerage Development Agents Industrial 354

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.

Brokerage 399

Brokerage Branding Residential Agents 399

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 425

Brokerage Branding Agents Sales 425

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.

Agents 424

Agents Sales Residential Commercial 424

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said.

Sales 450

Sales New Construction Staging Mortgages 450

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

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 365

Sales Loan Officer Lending Residential 365

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

MAY 8, 2024

In the motion, the Batton plaintiffs argue that the three settling brokerage firms “did not reveal their intent to release homebuyer claims” until Friday and didn’t reveal that they planned to specifically prevent the Batton 1 plaintiffs from pursuing their claims until Tuesday.

Purchase and sale agreement 403

Purchase and sale agreement Residential Brokerage Development 403

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 443

Investor Residential Agents MLS 443

Housing Wire

MAY 14, 2024

The Marcus Skenderian Real Estate Group works across commercial real estate , architecture, construction , development and residential sales. million in sales last year. As part of the move, Skenderian is also opening an office in Laguna Beach, California. In 2023, the team was ranked No. The team recorded $24.1

Commercial 381

Commercial Construction Residential Technology 381

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 415

Marketing Residential Technology Branding 415

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. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release.

Brokerage 393

Brokerage Branding Residential Agents 393

Housing Wire

NOVEMBER 7, 2023

million in sales volume in 2022. billion in sales volume in 2022 across 6,080 transaction sides. 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. BCP operates as a team led by Al Donohue.

Mortgages 404

Mortgages Principal Brokerage Lending 404

Housing Wire

JANUARY 11, 2024

While REBNY is not affiliated with NAR, when Friedman sold his Park Slope property, the trade group had a rule similar NAR’s Participation Rule, requiring the listing broker to split the commission they earned in a home sale transaction with the buyer’s broker. The suit was filed in late December in U.S. Garfield & Co. ,

Residential 421

Residential Agents Brokerage Sales 421

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 416

MLS Residential Brokerage Agents 416

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 404

Brokerage Residential Technology Development 404

Housing Wire

JULY 18, 2023

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. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. In 2022, he recorded a sales volume of $30 million.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

JUNE 1, 2023

Compass, headed by CEO Robert Reffkin, took the top spot this year by sales volume. It is noteworthy that eXp was the only one of the top four firms to grow both its closed transactions and its sales volume in 2022 when sales of existing homes were down significantly. What this shows is that there is not one path to growth.

Brokerage 374

Brokerage Residential Equity Agents 374

Housing Wire

SEPTEMBER 16, 2021

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. In 2018, 1% of surveyed brokerages said their business came from open houses. million in 2018.

Brokerage 375

Brokerage Lending Residential Title 375

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 471

Agents Purchase and sale agreement Brokerage Finance 471

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 413

Brokerage Residential Equity Branding 413

Housing Wire

OCTOBER 10, 2023

Coldwell Banker has appointed Jason Waugh as president of Coldwell Banker Affiliates, where he will lead the brand and be responsible for strategy, operations and sales for the Anywhere-owned company’s growing network of franchises. Sales professionals, broker-owners — they have a lot of choices out there.

Branding 414

Branding Commercial Brokerage Residential 414

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 424

MLS Brokerage Agents Industrial 424

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. But that revenue is wrapped up in home sale commission splits to Compass’s real estate agents – money that goes in and out the door. per share to $14.43

Mortgages 404

Mortgages Brokerage Title Residential 404

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 105

Residential Commercial Brokerage Sales 105

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 368

Brokerage Finance Lending Mortgages 368

RIS Media

APRIL 7, 2021

Advisors Living, a full-service residential brokerage and advisory firm, recently announced that it has engaged Merit McIntyre as the CEO of its growing brokerage business. 1 residential real estate brokerage in the United States and has joined a growing independent real estate brokerage in Massachusetts.

Residential 60

Residential Brokerage Branding Development 60

Realty Biz

MARCH 11, 2023

Engel & Völkers Florida today announced three of their shops reported the highest residential real estate sales within the brand's global network for three weeks in a row during the month of February. But even more so is the strength of the shop ownership and advisors we have attracted to be part of Engel & Völkers in Florida.

Residential 74

Residential Sales Branding Staging 74

Housing Wire

JANUARY 12, 2021

SoftBank -backed residential brokerage Compass filed paperwork with the Securities and Exchanges Commission on Monday to go public. The document does not indicate how much money Compass plans to raise in a public offering, nor does it disclose price per share on common stock up for sale. The brokerage, which has raised $1.5

Brokerage 410

Brokerage Residential Title Agents 410

Housing Wire

NOVEMBER 9, 2021

Luxury real estate brokerage Douglas Elliman is going to be spun off from its parent company Vector Group , the owner of discount cigarette brands and Nathan’s Famous hot dogs. Lorber also said the new structure would help attract employees and acquire brokerages in target markets. 6 by sales volume. 6 by sales volume.

Brokerage 363

Brokerage Branding Residential Sales 363

Housing Wire

JULY 25, 2023

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. Anywhere, world’s largest franchisor of residential real estate brands and formerly known as “Realogy,” attributed this drop to a steep drop in home sale transaction volume. “We million to 4.3

Purchase and sale agreement 344

Purchase and sale agreement Title Brokerage Branding 344

Housing Wire

NOVEMBER 3, 2021

The cloud-based brokerage recorded $1.1 The third quarter of 2021 saw eXp agents close 130,029 residential transaction sides, a year-over-year increase of 72%. Residential transaction volume also rose to $46.6 The brokerage was the fourth-largest in the U.S. The brokerage was the fourth-largest in the U.S.

Lending 370

Lending Brokerage Loan Officer Residential 370

Housing Wire

FEBRUARY 18, 2022

The record climb in home sales and staggering increase in home price has not necessarily translated into success for the biggest U.S. residential real estate companies. That revenue figure includes the full commissions on home sales, which mostly are returned to the real estate agent on the deal. Once the $4.8

Fixed-rate mortgage 392

Fixed-rate mortgage Brokerage Residential Sales 392

Housing Wire

MARCH 25, 2021

The RealTrends 500, now in its 34th year, remains the undisputed leader in ranking the performance of residential real estate services firms. According to the research report produced by RealTrends, the 500 largest residential real estate brokerage firms in the nation closed over 3.9 HomeServices saw a 4.1% 4 with a 70.9%

Brokerage 345

Brokerage Residential Closing Sales 345

RIS Media

OCTOBER 13, 2021

Weichert, REALTORS® has named Susan Westbrook a regional vice president in its Capital Region, responsible for the management and growth of the company’s 12 sales offices in Virginia. “The company also provides its sales associates with the tools they need to succeed and maximize their productivity.

Residential 94

Residential Sales Brokerage Industrial 94