Housing Wire

SEPTEMBER 22, 2023

The brokerage firm will be owned and operated by Jerry Mooty Jr., Romeo Manzanilla, a seasoned Austin brokerage leader, was appointed principal, chief operating officer, and broker of record for the new firm. Christie’s International Real Estate is poised to enter the Austin market this fall as it launches a new affiliate.

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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.

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Housing Wire

SEPTEMBER 11, 2023

In today’s RealTrending Pritesh Damani , CTO for The Real Brokerage , shares how his team developed Leo, an AI assistant for teams and brokers. More than that, he discusses potential uses for brokerage leaders in streamlining business and recruiting. Here is a small preview of today’s interview with Pritesh.

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Housing Wire

SEPTEMBER 7, 2023

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. Interestingly, according to the RealTrends Brokerage Rankings , the nation’s top 500 firms account for nearly 600,000 of these Realtors.

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Housing Wire

SEPTEMBER 7, 2023

Fast-growing firm The Real Brokerage is making it easier for their agents to take advantage of the company’s revenue share program. This opens opportunities for higher compensations and a more streamlined downline system, the brokerage said. “Just think about that number — I know that is very valuable for all of you.

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Housing Wire

JULY 21, 2023

Trompeter Real Estate , a boutique brokerage in Jersey City, has joined Ryan Serhant ’s eponymous brokerage SERHANT. Co-founded by Mark Trompeter and Enrique Napoles, Trompeter Real Estate is the third independent brokerage to join SERHANT. in the last couple of months. in a statement. in a statement. “We Joining SERHANT.

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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. RealTrends couldn’t independently confirm those figures; NRE has not submitted data to the RealTrends brokerage rankings since 2019.

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Brokerage Agents Property Management Commercial 370

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.

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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.

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Housing Wire

AUGUST 15, 2023

The Real Brokerage Inc. In her new role, Rozenblat will be responsible for overseeing Real’s day-to-day operations, implementing strategies to enhance efficiency and ensuring the execution of the virtual brokerage’s tech vision. She’ll undoubtedly stay busy at Real, one of the nation’s fastest-growing brokerages.

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Brokerage Agents Mortgages Lending 370

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

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Brokerage Agents Mortgages Sales 370

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 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. The virtual brokerage in March disclosed that it is raising fees on agents. million loss year over year. compared to 8.3%

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Brokerage Agents Mortgages Lending 370

Housing Wire

AUGUST 10, 2023

Low-cost residential real estate brokerage is not necessarily a new phenomenon. Flat-fee firms climbing up the brokerage rankings Interestingly, in 2013 only five of the top 100 firms in the nation, according to the RealTrends 500 rankings , were flat-fee firms. Low-cost brokerage has kicked brokers in the teeth over the years.

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Brokerage Agents Residential Industrial 370

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. These four brokerage companies did just over $20 billion in residential gross commission revenue, which shows steady growth in a down market,” said RealTrends Senior Advisor Steve Murray. “In of all Realtors.

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Brokerage Agents Residential Sales 451

Housing Wire

FEBRUARY 8, 2023

Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. That changes now,” Homelendia CEO Frank Chimento said in a press release.

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Brokerage Mortgages Lending Loans 370

Housing Wire

AUGUST 2, 2023

Under the leadership of Mark Dilbeck, the company’s majority owner since 1998, the indie brokerage achieved $1.04 Dilbeck ranked as the 178th largest independent brokerage in America in 2022 and nine of its agents cleared $16 million in sales volume last year, according to our rankings. “For million in volume.

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Brokerage Agents Branding Sales 370

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. Presented by: Axis Technical Group.

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Housing Wire

AUGUST 28, 2020

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. Hanging your license with Opendoor Brokerage as an independent contractor means you are eligible for a consistent, steady stream of highly motivated seller & buyer clients,” the job post reads. “You

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Brokerage Agents Banks Staging 537

Housing Wire

AUGUST 25, 2022

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. The terms of the deal were not disclosed.

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Brokerage Mortgages Loan Officer Loans 488

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.

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Brokerage Agents Residential Investor 417

Housing Wire

SEPTEMBER 27, 2022

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 “We are excited to be joining forces with The Real Brokerage.

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Brokerage Lending Mortgages Loan Officer 370

Housing Wire

JUNE 21, 2022

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!) The top four — Realogy Brokerage Group (RBG), HomeServices of America , Compass and eXp Realty — now have 20% market share in the U.S.

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Housing Wire

SEPTEMBER 28, 2021

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. It is increasingly important for agents to align themselves with a business model that includes brokerage,” Kelly said.

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Brokerage Mortgages Agents Title 430

Housing Wire

JUNE 30, 2021

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 post Real estate brokerages embrace long-term remote work appeared first on HousingWire.

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Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. It notched $151.7

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Brokerage MLS Residential Agents 498

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 Agents Technology Closing 441

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

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Housing Wire

OCTOBER 25, 2021

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. Exclusive access to the HW+ Slack community and virtual events.

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Brokerage Mortgages Lending Agents 515

Housing Wire

MARCH 11, 2021

Growing real estate brokerage firm HomeSmart announced Wednesday that it bought PalmerHouse Properties , an Atlanta-headquartered brokerage that has about 2,000 agents. billion in 2020 sales volume from 9,904 transaction sides, and it ranks as a “top 10 brokerage in the Atlanta area,” according to data provided by HomeSmart.

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Brokerage Agents Mortgages Sales 402

Housing Wire

SEPTEMBER 17, 2021

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 don’t you talk a little about the types of brokerages that participated?

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Housing Wire

NOVEMBER 17, 2021

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. Broker Studies.

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Brokerage Agents Principal Closing 388

Housing Wire

APRIL 15, 2021

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. Berkshire Hathaway HomeServices of America is not just a boring mouthful of a name, but it is a confusingly layered operation.

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Brokerage Mortgages Residential Title 370

Housing Wire

MARCH 22, 2021

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. How to Diversify Your Brokerage to Weather Economic Hardship.

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Housing Wire

SEPTEMBER 10, 2022

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. NEXA, founded in 2017 by Kortas , is a fast-growing mortgage brokerage.

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Brokerage Mortgages Loan Officer Loans 417

Housing Wire

AUGUST 11, 2021

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. The Detroit-based company – and no. 1 mortgage lender in the U.S. of the sales price. “We

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Brokerage Agents Mortgages Lending 430

Inman

SEPTEMBER 13, 2023

The Bean Group is the first team to join eXp Realty via the brokerage's new Boost program, which provides financial incentives to independent recruits, according to an announcement Tuesday.

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Brokerage Agents Industrial 167

Realty Biz

SEPTEMBER 25, 2023

Shortly afterward, I was speaking with a successful broker about changes within her brokerage and the local market when the similarities struck me. Just as the two massive boosters successfully launched the rocket toward orbit only to be dropped once they had served their purpose, change in a brokerage follows the same path.

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