Opendoor launches… a brokerage?

Housing Wire

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. You will be able to service more buyers and sellers every year by being able to offer products no other brokerage can.”.

Movement Mortgage acquires brokerage Superior Rate

Housing Wire

South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The post Movement Mortgage acquires brokerage Superior Rate appeared first on HousingWire.

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Real estate brokerage Radius unveils mortgage-lending arm

Housing Wire

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.

The Real Brokerage to acquire LemonBrew Lending

Housing Wire

Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew. The Real Brokerage, headquartered in Ontario, Canada, will pay $1.25

Inside Look: RealTrends 2021 Brokerage Compensation Study

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where Steve Murray, senior advisor to RealTrends , and Tracey Velt, RealTrends editorial, as they give an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Fast-growing brokerage Side enters NYC

Housing Wire

The real estate brokerage has not announced agent hires, but it has tapped a managing broker for the state in John Wollberg. Prior to that, Wollberg spent 12 years as managing director of another Park Avenue-located brokerage, Halstead Real Estate , according to his LinkedIn page.

A record year for real estate brokerage firms

Housing Wire

Capitalizing on these market factors, brokerage firms in the 2022 RealTrends 500 brokerage rankings broke records in market share, closed transaction sides (there must be inventory somewhere!) Before 2018, NRT, now Realogy Brokerage Group, maintained that top spot.

Canadian mortgage brokerage takes Rocket Mortgage name

Housing Wire

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. The post Canadian mortgage brokerage takes Rocket Mortgage name appeared first on HousingWire.

Rocket announces discount real estate brokerage

Housing Wire

Such are the ambitions of an array of companies today including Zillow and real estate brokerage Compass. The post Rocket announces discount real estate brokerage appeared first on HousingWire. Rocket Homes has plans to start iBuying – and discount real estate.

HomeSmart snares prominent Atlanta brokerage

Housing Wire

Growing real estate brokerage firm HomeSmart announced Wednesday that it bought PalmerHouse Properties , an Atlanta-headquartered brokerage that has about 2,000 agents. How to Diversify Your Brokerage to Weather Economic Hardship. brokerages.

Why brokerages and mortgage lenders are rushing into JVs

Housing Wire

In July, Dunn and Strei’s real estate brokerage eXp declared that it had formed a mortgage partnership, or joint venture, with the mortgage lender, Kind Lending. The post Why brokerages and mortgage lenders are rushing into JVs appeared first on HousingWire.

Real estate brokerages embrace long-term remote work

Housing Wire

Brokerage executives are elated to see each other in person again. HW Media acquired RealTrends last year, and for most real estate brokerage heads RealTrends’ annual soiree was the first in real life since early 2020. The Broadmoor Hotel in Colorado Springs, Colorado.

Have you clearly defined your brokerage’s value proposition?

Housing Wire

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. for the largest brokerage companies in the United States. Another factor is that leading market-share brokerage ?rms

Warren Buffett’s boring, dominant resi brokerage

Housing Wire

But while Blefari has a clearly defined personality, the residential real estate brokerage he runs doesn’t. The post Warren Buffett’s boring, dominant resi brokerage appeared first on HousingWire. Gino Blefari, Berkshire Hathaway HomeServices of America CEO and chairman.

NEXA, the country’s biggest brokerage, cuts ties with AIME

Housing Wire

NEXA Mortgage, the largest mortgage brokerage in the country, this week cut ties with the Association of Independent Mortgage Experts ( AIME ), claiming the trade group fails to address bullying and lacks proper governance.

Real estate brokerages: Tech won’t ruin us

Housing Wire

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.

White-label brokerage Side achieves unicorn status

Housing Wire

San Francisco-based real estate brokerage Side announced Monday that they raised $150 million, ushering in a new phase for the four-year-old company. For example, top Beverly Hills luxury producer Ben Bacal started the brand “Revel Real Estate” under the Side brokerage.

Insurance brokerage Acrisure buys Tempo Title

Housing Wire

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business.

Title 319

RealTrends 500: Keller Williams brokerages take 6 of the top 10 spots in 5-year movers

Housing Wire

The 2022 RealTrends 500 brokerage companies are breaking records. RealTrends has been the undisputed leader in the ranking of real estate brokerage firms, agents and teams. Agents/Brokers Brokerage Real Estate EXP Realty hwmember Keller Williams Realty RE/MAX Precision RealTrends 500

The Logistics of Brokerage Growth

Realty Biz

They are developing strategies and tactics to take advantage of growth opportunities and focusing on brokerage logistics. Here are five strategies that today’s top brokerages are focusing on for dramatic growth as well as tactics and logistics to reach their goals: Scale focus.

These brokerages topped the RealTrends 500 in 2020

Housing Wire

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. Top independent brokerage Howard Hanna/Allen Tate was involved in 105,455 transaction sides last year, good for $26.7

The Top 10 Real Estate Brokerages in America

Realty Biz

It only makes sense that a well-established brokerage is bound to have more options on offer than an independent real estate agent. You'll find many excellent real estate brokerage options available to assist you with your home search, but these are your top ten choices right now.

Keller Williams, and brokerage’s diversity shortcomings

Housing Wire

King also replaces a white man, the abruptly departed Josh Team, and reports to another white man, Carl Liebert, the CEO of the brokerage’s holding company, KWx. These moves were orchestrated by another Caucasian male, Gary Keller, the brokerage’s co-founder and executive chairman.

Breakout: The Evolution of the Real Estate Brokerage

Housing Wire

The consolidation of real estate brokerage and mortgage services continues as both seek out ways to combine services to offer more to consumers. Real estate brokerages have long added core services to increase profitability. Now, mortgage firms such as Rocket and Better are adding real estate brokerage services. In this panel, we talk to real estate brokerage leaders about this evolution, competition from the mortgage side and what the industry will look like going forward.

Real estate teams beat brokerage firms in profitability

Housing Wire

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. When compared to brokerages, teams surveyed averaged $6.4 The largest brokerage firms averaged 7.4.

The Dean Aguilar Group joins The Real Brokerage

Real Trends

Publicly traded real estate brokerage The Real Brokerage Inc., In August 2022, real estate brokerage The Enclave Way joined Real with 24 agents, followed by real estate team Five Star Real Estate Network with 18 agents. Agent The Real Brokerage Inc

Better.com to acquire UK-based digital mortgage brokerage

Housing Wire

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s

What’s the real driver of value in a brokerage?

Realty Biz

The broker wanted to discuss selling his brokerage and cashing out. In fact, it was his own large team within the brokerage that provided both his personal income and covered much of the fixed overhead. These investments better enable you and your brokerage to stand out.

Brokerage Benchmarking: Interesting Productivity Figures

Real Trends

Insights from REAL Trends brokerage performance benchmark report. Brokerage Benchmark report REAL Trends Newsletter Trends

These brokerages topped the Real Trends 500 in 2020

Housing Wire

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. Top independent brokerage Howard Hanna/Allen Tate was involved in 105,455 transaction sides last year, good for $26.7

How to find the right brokerage as a new agent

Realty Biz

So now it’s time to find a brokerage to work under. Your choice of brokerage will set the tone of your real estate business for years to come. So, it’s in your best interests to choose your brokerage wisely. Don’t go with the first brokerage you come across.

United RE Q2 explosive growth driven by tech, low-fee+ brokerage model

Housing Wire

In the past, when brokers thought about low-fee brokerage firms, they thought of low service. But, make no mistake, they are not a traditional brokerage model. ” Duffy says the company’s Bullseye Agent and Brokerage Productivity Platform is a true cloud-based system.

Howard Hanna acquires New York brokerage Rand Realty

Housing Wire

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City.

Applying Business Principles in Brokerage Operations

Realty Biz

The brokerage and the building were handed down to the owner’s nephew, who decided to close the business and sell the building. Here are a few examples of how I infused business principles into my real estate brokerage: Focus on What’s Important Now.

Most Brokerages Have Zero Counter-Cyclical Hedge

Notorious ROB

What my friend and I ended up discussing is that while we think many agents in 2022 are in the same position as those agents we knew in 2007, we are pretty confident that almost all brokerages are in that same position out of necessity. Does your brokerage have property management?