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.”.

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.

Can real estate brokerages survive without mortgage?

Housing Wire

Real estate brokerages can survive, but only if they seriously invest in mortgage. So said members of a panel Tuesday on the evolution of the real estate brokerage during HousingWire Annual in Frisco, Texas. The post Can real estate brokerages survive without mortgage?

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.

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.

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.

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.

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.

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.

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

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.

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

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.

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 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.

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 245

What’s my brokerage worth?

Realty Biz

They typically start with wanting to know the value of their brokerage. Even within the same market, comparable brokerages will often vary greatly in value. Every week I hear the question, “ what is the multiple today for valuing a brokerage ?” The post What’s my brokerage worth?

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.

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.

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

Brokerage Benchmarking: Interesting Productivity Figures

Real Trends

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

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.

Why real estate brokerages are NOT startups

The American Genius for Real Estate

(BROKERAGE) Brokerages are popping up nationwide that are sleek and modern, but also misinformed as they call themselves startups. The post Why real estate brokerages are NOT startups appeared first on The American Genius Real Estate.

The Real Brokerage arrives in Ontario

REM Online

The original post can be found at the following URL: The Real Brokerage arrives in Ontario. The Real Brokerage has launched operations in Ontario. The original post can be found at the following URL: The Real Brokerage arrives in Ontario.

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.

How this real estate brokerage’s unique model generates more profit for agents

Housing Wire

For the well-prepared real estate brokerages, this holds a promising future. The fusion of technology, quick sales and incredible demand from the public have created a tsunami of discount-based brokerages trying to fill that public demand. If a volume-based discount brokerage cannot do all of these things, it may fail due to an inability to retain or recruit agents, lack of profitability, and poor customer service ratings. .

Top Five Brokerage Deal Killers

Realty Biz

A large multi-state brokerage company exec once grumbled to me, “ I think our lawyers have killed more good deals than they’ve closed.”. #4. Brokerage culture has emerged as one of the dominant barriers to a successful merging of companies.

Survey: The Right Brokerage Could Triple Your Income

McKissock

Our recent survey found real estate agent income varies by brokerage type — so you can maximize your earnings by choosing a brokerage that’s more likely to boost your profits. Here’s what we know about how your brokerage can impact your bottom line. That depends on the brokerage.

The Real Brokerage comes to Canada

REM Online

The original post can be found at the following URL: The Real Brokerage comes to Canada. The Real Brokerage, an international, technology-powered real estate company, has launched in Canada with the venture opening in Alberta under Real Broker AB.

Chelsea family brokerage celebrates 70th anniversary

REM Online

The original post can be found at the following URL: Chelsea family brokerage celebrates 70th anniversary. The original post can be found at the following URL: Chelsea family brokerage celebrates 70th anniversary.

Lamacchia Realty Receives Brokerage Leadership Award

RIS Media

Leading Real Estate Companies of the World® (LeadingRE) presented Anthony Lamacchia, broker/owner and CEO of Lamacchia Realty, with its Brokerage Leadership Award during its Annual Awards Gala last week in Las Vegas, the company has announced.

Century 21 announces renewals of 15 brokerages

REM Online

The original post can be found at the following URL: Century 21 announces renewals of 15 brokerages. Century 21 Canada recently announced the renewals of 15 brokerages as well as several new franchisees and offices during the past year.