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 459

Brokerage Industrial MLS Sales 459

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. Newman has more than 20 years of experience in the real estate industry.

Brokerage 383

Brokerage Technology Agents Industrial 383

Housing Wire

OCTOBER 25, 2023

Florida -based Keyes Company , an independent real estate brokerage , partnered with housing data aggregator BHR , the company announced Tuesday. Trust is everything in this industry, and we’ve made a product that supercharges an agent’s ability to share their knowledge and build credibility at all times.”

Brokerage 391

Brokerage Agents Industrial Closing 391

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. We both shared a passion for our families, our clients, being involved in our communities, understanding the importance of having a solid business plan and advocating for both our industry and the clients we serve.

Brokerage 417

Brokerage Branding Agents Sales 417

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 357

Brokerage Development Agents Industrial 357

Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. Rather than belabor the kick in the teeth this industry is feeling, I’d like to bring attention to the other side of the coin that has some real estate brokers licking their chops. With the Realtor count close to 1.6

Brokerage 383

Brokerage Land Residential Agents 383

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 431

Brokerage Branding Agents Sales 431

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 During the second quarter, Real once again delivered best-in-class growth with our agents closing a record number of transactions,” said Tamir Poleg , the CEO of Real. Like many other brokerages , the firm is still in the red (it lost over $20 million last year). compared to 8.3%

Brokerage 358

Brokerage Agents Title Lending 358

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.

Brokerage 487

Brokerage Residential MLS Sales 487

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.”

Title 417

Title Industrial Purchase and sale agreement Agents 417

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.

Lending 395

Lending Brokerage Mortgages Banks 395

Housing Wire

APRIL 17, 2024

Key highlights from this month’s AMI show that the decline in the number of active agents, those with a closing in the past year, has plateaued. This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead. March’s report saw the AMI reaching a score of 114.6,

Agents 417

Agents MLS Brokerage Industrial 417

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. 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.

Brokerage 348

Brokerage Residential MLS Sales 348

Housing Wire

APRIL 25, 2024

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. “Her industry background and understanding of modern real estate marketing will best position us to expand our reach and impact in the market.” “I’m absolutely thrilled to join eXp Realty.

Marketing 376

Marketing Branding Brokerage Staging 376

Housing Wire

APRIL 29, 2024

Most notably, the brokerage appointed Amy Weaver to the position of senior vice president of the U.S. As we navigate a fluctuating economic landscape, it is crucial that we continue to innovate and double down on our growth efforts, ensuring that eXp Realty remains a leader in the real estate industry. 3 spot in the rankings.

Commercial 408

Commercial Brokerage Agents Industrial 408

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

Agents 368

Agents Brokerage MLS Technology 368

RIS Media

MAY 16, 2024

Above, Filippo Incorvaia and Sarah Close When real estate professionals, and anyone else for that matter, look back on what happened within the residential real estate industry during 2023-24, normally vital measures such as mortgage rates and number of homes sold will not just take a back seat to the legal issues that have dominated… The post (..)

Brokerage 96

Brokerage Agents Residential Closing 96

Housing Wire

FEBRUARY 12, 2024

Roughly 10 months since first expanding into Florida , Ryan Serhant’s eponymous brokerage is expanding into its third market in the state. Previously, the brokerage only operated in the Miami and Palm Beach County markets. “We we’ve found much more than just a brokerage,” Mark Raumaker said in a statement. s first in Orlando.

Marketing 406

Marketing Brokerage Agents Development 406

Housing Wire

MAY 8, 2024

“In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 415

Agents Brokerage Investor MLS 415

Housing Wire

MARCH 12, 2024

In an announcement on Tuesday, the brokerage noted that it had expanded the program to more than a dozen additional markets, including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. The buyer will receive the refund at closing.

Purchase and sale agreement 416

Purchase and sale agreement Brokerage Agents Closing 416

Housing Wire

OCTOBER 13, 2023

“It means access to the industry’s leading technology platform and a vast agent referral network that will yield the greatest returns over time.” The Beinfield Team was the ninth-best small team in Connecticut based on sales volume, closing nearly $67.2

Principal 426

Principal Brokerage Agents Technology 426

Housing Wire

NOVEMBER 29, 2023

A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 434

Agents Brokerage Technology Staging 434

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand.

Industrial 383

Industrial Mortgages Lending Due diligence 383

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. Certner cited fair lending concerns and the potential of undue borrower influence.

Mortgages 393

Mortgages Closing costs Equity Construction 393

Housing Wire

JULY 18, 2023

In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. and Mexico.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

APRIL 22, 2024

This is especially effective if you’re newly licensed, just moved to a new area, or simply as an introduction if you’ve haven’t previously told your neighbors that you’re in the real estate industry. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Great news! Great news!

Brokerage 414

Brokerage Investor Agents Pre-approval 414

Housing Wire

JANUARY 30, 2024

In his new role, Mitchelson will lead the expansion of the Corcoran brand both domestically and internationally while working closely with the Corcoran affiliate network’s existing sales team. Before joining Corcoran, Mitchelson was the regional president of Windermere Real Estate , a Pacific Northwest-based luxury brokerage.

Development 415

Development Branding Brokerage Sales 415

Housing Wire

FEBRUARY 2, 2024

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% The buyer will receive the refund at closing.

Purchase and sale agreement 469

Purchase and sale agreement Agents Closing Brokerage 469

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri. Who’s named?

MLS 417

MLS Brokerage Industrial Agents 417

RIS Media

JANUARY 23, 2024

Curbio announced that it is expanding its Brokerage Partnerships Program to meet the increased demand for vertically integrated brokerage solutions. Through its partnerships program, Curbio provides real estate brokerages with a pay-at-closing pre-listing home improvement product branded to their company and powered entirely by Curbio.

Brokerage 100

Brokerage Branding Closing Sales 100

Housing Wire

JANUARY 11, 2024

One potential stream that quickly comes to mind is the potential of capturing title and closing business. For the most part, many brokerages and real estate agents on the buyer’s side of the transaction have continued on with a “business as usual” approach until we have certainty as to the true impact.

Title 437

Title Brokerage Construction Closing 437

Housing Wire

OCTOBER 20, 2023

In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. ZipRealty closed nearly 30,000 transactions at its peak. Just look at CoStar’s dominance over the commercial brokerage market. I am repeating myself but bear with me.

MLS 427

MLS Brokerage Agents Industrial 427

RIS Media

MARCH 29, 2022

has announced the sale of title insurance underwriter, Title Resources Guaranty Company , to an affiliate of private investment firm Centerbridge Partners, L.P. The post Realogy Closes Sale of Insurance Underwriter appeared first on RISMedia. Realogy Holdings Corp. For more information, please visit www.realogy.com.

Closing 76

Closing Sales Title Equity 76

Housing Wire

FEBRUARY 27, 2024

Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year. Compass attributed some of these struggles to the slower housing market of 2023, which saw Compass close 178,848 transactions, down 15.5%

Brokerage 403

Brokerage Investor Technology Agents 403

RIS Media

APRIL 5, 2022

1 privately held real estate brokerage firm in the United States, according to the recently released RISMedia Power Broker Report. billion in closed sales volume and 125,482 closed transaction sides as reported to RISMedia. These 2021 closing numbers earned the group a No. 5 ranking by sales volume.

Industrial 93

Industrial Brokerage Technology Agents 93

RIS Media

FEBRUARY 28, 2021

A year ago, in March 2020, on the heels of an active January/February that set the year up as a strong one for home sales, the reality of COVID-19 hit the U.S. “Our advice was for them to reach out to people with kindness and a helping hand—not a sales pitch. million existing-home sales, a 5.9% total of 5.64

Closing 133

Closing Sales Agents Technology 133

Housing Wire

MAY 3, 2023

I wanted to close before May 1, so I selected a buyer who was already in underwriting. My personal experience speaks to a data trend we’re seeing with agent commissions – when the deal closed, the agents received the full 6% – $16,140, which they’d split evenly. They were wrong. They’ve never caught on.

Agents 406

Agents Brokerage Loan Officer Closing 406