Housing Wire

OCTOBER 10, 2024

While the homebuyer commission lawsuits continue to be a thorn in the side of the real estate industry, three corporate brokerages have at least for now recorded a small win. Additionally, the brokerage defendants note that Mullis filed an appeal of the final approval of the firms’ settlement. On Wednesday, Chicago-based U.S.

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Brokerage As-is Industrial Agents 326

Housing Wire

AUGUST 22, 2024

Seattle -based real estate brokerage Redfin imposed a new round of layoffs on Thursday, a development first reported by GeekWire. Amid the flurry of commission lawsuits across the country over the past year, brokerages like Redfin have restructured their compensation plans to retain existing agents and attract new ones.

Brokerage 436

Brokerage Agents Development Sales 436

Housing Wire

JULY 9, 2024

Fast-growing firm The Real Brokerage is celebrating its 10 th anniversary by announcing that it has surpassed 20,000 agents. Realty Group , a Southern New Hampshire -based independent brokerage led by Jill O’Shaughnessy. I can’t tell you what an amazing feeling it is to reach this milestone. Jill & Co.

Brokerage 425

Brokerage Agents Closing Sales 425

Housing Wire

AUGUST 7, 2024

The Real Brokerage isn’t tapping the brakes on its rapid expansion. The ballooning agent count pushed brokerage revenue to $340 million, an 84% year-over-year improvement. The company said the program has attracted 20 independent brokerages and 700 agents so far this year.

Brokerage 446

Brokerage Agents Title Technology 446

Housing Wire

OCTOBER 1, 2024

The 13 brokerages and 15 non-Realtor-owned MLSs that have settled the commission lawsuits through the opt-in mechanisms in the National Association of Realtors’ (NAR) settlement agreement are seeking preliminary approval of their deals. Fathom Holdings Inc. million) Key Realty Ltd. 375,000) Michael Saunders & Co. ($1.2

Brokerage 413

Brokerage MLS As-is Sales 413

Housing Wire

OCTOBER 18, 2024

As he sees it, if a brokerage like Howard Hanna succeeds in having a case against them dismissed, they could potentially still publish offers of buyer broker compensation on the MLS, if the local MLS still allows it.

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Brokerage MLS Industrial As-is 413

Housing Wire

JUNE 6, 2024

The Real Brokerage announced Thursday the addition of several new teams across the U.S. The newly released 2024 RealTrends Verified rankings , based on 2023 data, showed that Real was the sixth-largest brokerage in the country for sides (48,905) and ranked No. The independent brokerage generated a sales volume of $75 million last year.

Brokerage 436

Brokerage Closing Agents Sales 436

Housing Wire

SEPTEMBER 25, 2024

The Real Brokerage has scored a 13-for-1 deal. The Real Brokerage has been adding agents at a torrid pace over the past few years. RealD2D is led by agent and coach Duane Richins, who brought a unique background to his real estate career that began in 2016.

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Brokerage Agents Sales 386

Housing Wire

MAY 13, 2024

Today, we have significantly added to our presence in the Southeast, welcoming the top brokerage in Tennessee,“ Reffkin said in a statement. 1 brokerage in the state by sales volume and the No. 26 brokerage nationwide, according to the 2024 RealTrends Verified rankings. ”We With the continued migration of the U.S.

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Brokerage Branding Agents Industrial 386

Housing Wire

SEPTEMBER 5, 2024

Access your growth playbook From the pandemic-fueled frenzy to the sobering reality of a post-pandemic slowdown,, real estate brokerages were locked in a relentless quest for growth—eager to expand market share while trimming operational fat. However, RealTrends GameChangers defied the odds and outperformed their peers.

Brokerage 418

Brokerage Residential Closing Agents 418

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 425

Brokerage Residential Industrial Agents 425

Housing Wire

AUGUST 15, 2024

The new rules mandated by the National Association of Realtors ‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are scrambling to find the best ways to implement them. Next week, the brokerage will offer daily interactive training and role-play sessions.

Brokerage 425

Brokerage Agents Industrial As-is 425

Housing Wire

JUNE 25, 2024

Austin-based independent brokerage TJ Lewis Real Estate is affiliating with Keller Williams , according to an announcement on Tuesday. According to the news release, TJ Lewis will affiliate directly with Keller Williams’ Austin Southwest market center.

Brokerage 386

Brokerage Agents Closing Sales 386

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. PREMIERE was built to be a different kind of brokerage team, so this was not a move we entered lightly.

Brokerage 455

Brokerage Agents Design Closing 455

Housing Wire

SEPTEMBER 18, 2024

Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits. HomeSmart , Redfin , United Real Estate , Douglas Elliman , Realty One Group , At World Properties, Anywhere , RE/MAX , Keller Williams , Compass , HomeServices of America and The Real Brokerage.

Brokerage 425

Brokerage Agents As-is Finance 425

Housing Wire

AUGUST 23, 2024

Worth Clark operates in 18 states and is ranked as the 39th-largest independent brokerage in the country. But Michaelis also doesn’t believe that the settlement-mandated changes will affect what the brokerage does in the market. “I A lot of it has to do with our referrals from our own agents,“ he said.

Brokerage 413

Brokerage Property Management Agents Industrial 413

Housing Wire

JUNE 25, 2024

If real estate brokerages fail to make changes to their operations, 79% of them will be unprofitable if the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement lead to typical agent commissions dropping to 2%. This is according to a study published Tuesday by AccountTECH.

Brokerage 436

Brokerage Agents Industrial Sales 436

Housing Wire

SEPTEMBER 19, 2023

The Real Brokerage continues to add to its agent count. Hettich got his start in real estate at a large national brokerage, while Théard has a successful career as an agent at a small local boutique firm. “By Lafayette, Louisiana-based District South Real Estate Co. has joined Real, according to an announcement on Tuesday.

Brokerage 436

Brokerage Agents Sales 436

Housing Wire

APRIL 24, 2024

Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I The brokerage models have to adapt,” Saunders said.

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Brokerage Staging Agents Industrial 425

Housing Wire

AUGUST 5, 2024

Brokerage stocks were especially mixed. The Real Brokerage and Anywhere fell by 5.2% Rocket Mortgage, which has a huge refinance business, added 3% in value. loanDepot rose 2.3% and Guild Mortgage stayed flat, although other lenders — including Mr. Cooper , Pennymac and Newrez parent Rithm Capital — sustained substantial losses.

Brokerage 471

Brokerage Marketing Mortgages Technology 471

Housing Wire

JUNE 12, 2024

Fast-growing real estate firm The Real Brokerage announced the launch of its Real Partners program on Wednesday. The brokerage is still accepting applications for its partner program. Real Partners is a group of preferred vendors, tools and services for Real agents to utilize.

Brokerage 446

Brokerage Agents Marketing 446

Housing Wire

MAY 2, 2024

Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey , with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who felt the same.

Brokerage 425

Brokerage Agents Residential Sales 425

Housing Wire

SEPTEMBER 11, 2024

Velt starts the conversation by asking Carrion for background on his purchase of the brokerage. He plans to focus on M&A efforts with other brokerages, day-to-day sales, and the recruiting of new agents and other professionals to keep the momentum going.

Brokerage 455

Brokerage Commercial Agents Sales 455

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 455

Brokerage Construction MLS Land 455

Housing Wire

AUGUST 2, 2024

But when it comes to the financial performance of their brokerages, industry analysts don’t believe the changes will be the end-all, be-all. “It But an advantage could potentially be given to brokerages that put concerted effort into helping their agents be more efficient and productive. 17 — are top of mind. Tomasello asked. ”In

Brokerage 425

Brokerage Agents Industrial Technology 425

Housing Wire

MARCH 22, 2024

Each year, RealTrends Verified identifies the country’s most successful residential real estate brokerages, teams and agents – verifying transaction sides and closed sales volume for top-performing real estate brokerages — to give you the full picture of real estate performance.

Brokerage 425

Brokerage Branding Agents Residential 425

Housing Wire

FEBRUARY 21, 2024

With market uncertainty, real estate agents had been sticking with their current brokerage., According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023. but that’s all starting to change. respectively.

Brokerage 455

Brokerage Agents MLS As-is 455

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 424

Brokerage Agents Investor Technology 424

Housing Wire

MARCH 27, 2024

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. But for Real, which runs a virtual brokerage model with revenue sharing for its agents, the goal is to get better, not necessarily bigger.

Brokerage 463

Brokerage Pre-approval Branding Agents 463

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 370

Brokerage Branding Agents Closing 370

Housing Wire

OCTOBER 8, 2024

But as many as 200 real estate agents , brokerage firms and landlords are alleged to have violated this law by discriminating against applicants with federally subsidized Section 8 Housing Choice Vouchers, according to an undercover investigation conducted by the Housing Rights Initiative (HRI).

Brokerage 484

Brokerage Land As-is Agents 484

Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.

Brokerage 386

Brokerage Agents Technology Sales 386

Housing Wire

MARCH 22, 2024

In real estate brokerage, growth is the name of the game and for 2024 (based on 2023 data), The Real Brokerage and The Agency are winning that game. Obviously, brokerages grow in a multitude of ways, with agent movement/recruiting being just one. Berkshire Hathaway HomeServices RW Towne Realty also had a strong showing.

Brokerage 455

Brokerage Agents Industrial Sales 455

Housing Wire

AUGUST 1, 2024

The company has added independent brokerage Delhougne Realty Group , a St. While doing competitive research I found eXp to be the most forward-thinking brokerage equipped to lead us through these changing times.” eXp Realty is expanding its footprint in Missouri. Louis-area team that tallied $353.3 ”

Brokerage 413

Brokerage Agents Design Industrial 413

Housing Wire

MAY 3, 2024

eXp Realty has acquired Broker’s LLC , a 500-agent independent brokerage based in South Florida and founded by Claudia Serna, eXp announced on Thursday. Originally from Colombia, Serna founded Broker’s LLC in 2004 and grew her independent brokerage to more than 500 agents throughout South Florida.

Brokerage 425

Brokerage Agents Closing Sales 425