Housing Wire

MARCH 29, 2024

Co-founded by Sean Soderstrom, Dan Breitbach and Joe Urciuoli, the proptech company sells an AI-powered software platform to help real estate brokerages with their recruiting efforts. Courted identified three main problems with how brokerages have historically recruited agents. The company has expanded to 50 markets in the U.S.

Brokerage 326

Brokerage Agents Investor Technology 326

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 387

Brokerage Construction MLS Land 387

Housing Wire

JANUARY 3, 2024

Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage is highly dependent on the recruiting, retention and production of independent contractor sales agents. approach to value.

Brokerage 364

Brokerage Residential Industrial Agents 364

Housing Wire

JANUARY 22, 2024

Top-producing mega team PREMIERE Group is joining fast-growing firm The Real Brokerage , according to an announcement on Monday. His vision of building a tech-first, agent-centric brokerage aligns with our mission at Real. Additionally, the teamerage’s $180.853 million sales volume in 2022, earned it the No.

Brokerage 418

Brokerage Agents Design Closing 418

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?”

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Brokerage Agents Industrial As-is 421

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 390

Brokerage Branding Agents As-is 390

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. 166 nationwide in the 2024 RealTrends Verified sales volume rankings, after its agents closed $1.78 billion in sales volume in 2023. Kevin Sears, President of National Association of Realtors. “It

Brokerage 416

Brokerage Branding Agents Sales 416

Housing Wire

JANUARY 26, 2024

But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants. But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants. Nevada’s unusual commission lawsuit is no longer so unusual.

Brokerage 365

Brokerage MLS Agents As-is 365

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 309

Brokerage Branding Agents Closing 309

Housing Wire

SEPTEMBER 13, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

Brokerage 385

Brokerage Equity Agents Branding 385

Housing Wire

FEBRUARY 16, 2024

Path & Post Real Estate appointed Bekki Shae Smith to the role of managing broker, the Georgia -based boutique brokerage announced on Thursday. The team ranked third in the state for residential sales, posting $124,282,125 in volume. She aligns with our team’s core values of respect, unity, and the golden rule.

Brokerage 347

Brokerage Residential Sales As-is 347

Housing Wire

DECEMBER 8, 2023

As a result of this scheme, the purportedly non-negotiable commissions of buyer agents are rolled into the sale price of homes. While this lawsuit is certainly not the only one making collusion allegations against many of the large national brokerages, it has one of the more robust lists of local brokerages as defendants.

Brokerage 417

Brokerage MLS Branding Agents 417

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 409

Brokerage Industrial MLS Sales 409

Housing Wire

AUGUST 2, 2023

Daryl Owen , the founder of top California independent brokerage Nationwide Real Estate Executives , is joining eXp Realty and taking 200 agents along with him. In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday.

Brokerage 365

Brokerage Commercial Property Management Branding 365

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 350

Brokerage Branding Technology Agents 350

Housing Wire

AUGUST 4, 2023

Redfin was in the red yet again in the second quarter , but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 million, down from $606.9

Brokerage 343

Brokerage Sales Agents Closing 343

Housing Wire

SEPTEMBER 20, 2023

Compass’ brokerage firm recruiting efforts continue. Deasy Penner Podley , or DPP Real Estate is the latest boutique brokerage to affiliate with the national firm, according to an announcement on Tuesday. billion in sales volume, according to the release. Moving forward, the firm will be known as DPP @ Compass.

Brokerage 338

Brokerage Agents Design Sales 338

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. He and his team were most recently brokered at Hague Realty in Scottsdale.

Brokerage 314

Brokerage Technology Agents Industrial 314

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 291

Sales Residential Branding Brokerage 291

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.

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Brokerage Agents Industrial Closing 319

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 365

Brokerage Title Agents Residential 365

Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Our brokerage is unique,” Michael Gifford told HousingWire. “It’s He observes that the company is betting on a reasonably quick sale, at an increased price, drawing from the “ever rising market” theory.

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Equity Brokerage Agents Marketing 350

Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. Real estate brokerage is definitely not for the faint of heart. By the numbers Consider this: It’s estimated that there are currently about 125,000 brokerage firms in the United States. Most brokers are feeling the crunch.

Brokerage 313

Brokerage Land Residential Agents 313

Housing Wire

NOVEMBER 20, 2023

I decided to break down the numbers and look at brokerage economics. Last year, nationally there were slightly over 10 million transactions of existing homes sales. What we also know is that the average gross margin, the money that is retained by brokerage firms, is about 14% of gross commissions among all brokerage firms in the U.S.,

Brokerage 319

Brokerage Branding Agents Industrial 319

Housing Wire

NOVEMBER 7, 2023

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 284

Brokerage Property Management Agents Sales 284

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 261

Sales Brokerage Industrial As-is 261

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 370

Brokerage Branding Agents Sales 370

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 287

Brokerage Development Agents Industrial 287

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

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 290

Brokerage Branding Agents Sales 290

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. With mortgage rates trending downward in recent weeks and economists expecting them to further recede in 2024, analysts are feeling guardedly optimistic about how the publicly traded brokerages will perform in 2024.

Brokerage 412

Brokerage Mortgages Agents Industrial 412

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 350

Brokerage Branding Residential Agents 350

Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 454

Sales New Construction Staging Mortgages 454

Housing Wire

APRIL 16, 2024

In the wake of the recent NAR settlement , coupled with persistently sluggish home sales and high interest rates , real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing.

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Industrial Agents Brokerage Sales 425

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). The brokerage now operates in 47 states in the U.S.

Brokerage 289

Brokerage Agents Title Lending 289

Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm.

Brokerage 371

Brokerage Mortgages Banks Lending 371

Housing Wire

JULY 1, 2021

So began one of the more compelling panels at RealTrends’ “Gathering of Eagles” conference in Colorado Springs – “Intersection of tech and brokerage.”. Brokerages largely waved the white flag in building competing home listings sites. The post Real estate brokerages: Tech won’t ruin us appeared first on HousingWire.

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Brokerage Technology Agents Closing 396