Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Those fees are not insignificant, but if you have a sale a year, you can cover them, but why would someone on the fence want to risk it?”

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Brokerage Agents Industrial As-is 440

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. 166 nationwide in the 2024 RealTrends Verified sales volume rankings, after its agents closed $1.78 billion in sales volume in 2023. Based in Waltham, Mass., Lamacchia Realty was ranked at No.

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Brokerage Branding Agents Sales 414

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

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Brokerage Branding Technology Agents 392

Housing Wire

MARCH 21, 2024

Redfin is expanding an agent compensation plan it launched last year by adding seven new markets starting in May, the national real estate brokerage announced Thursday. Beginning May 5, Redfin Next will be available in seven markets outside the Golden State —including Chicago, Connecticut, Dallas, Miami, New York City, Washington, D.C.,

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Agents Marketing Brokerage Technology 405

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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Brokerage Technology Agents Industrial 365

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’re excited to expand into the Orlando market,” Serhant said in a statement. In SERHANT.,

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Marketing Brokerage Agents Development 402

Housing Wire

APRIL 25, 2024

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. On Thursday, the firm announced that Forsythe was joining eXp as its new chief marketing officer. She will also oversee eXp Realty’s brand management and advertising, as well as the firm’s digital marketing and public relations.

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Marketing Branding Brokerage Staging 349

Housing Wire

MARCH 24, 2023

2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking housing market. 1 in sales volume to to the top of the list and retained their No. Last year, Compass rose to No.

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Brokerage Branding Agents Sales 415

Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. Real estate brokerage is definitely not for the faint of heart. Not just the industry stalwarts in major metros, but smaller firms that dominate the peripheral markets. With the Realtor count close to 1.6

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Brokerage Land Residential Agents 364

Housing Wire

OCTOBER 24, 2023

Despite stalling home sales in the third quarter, Anywhere Real Estate managed to deliver “considerable profitability.” The company closed the third quarter with $1.6 ” The company produced these results as home sale transaction volume dropped 13% over last year. . million in July, 4.04 million in August, and 3.96

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Marketing Branding Brokerage Sales 420

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

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Sales New Construction Staging Mortgages 450

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. Is now a good time to invest in real estate automation technologies? Presented by: Axis Technical Group.

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Lending Brokerage Mortgages Banks 393

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 Principal Branding Agents 381

Housing Wire

FEBRUARY 16, 2021

The Austin, Texas-headquartered real estate brokerage closed 1.22 million home sales in the U.S. Keller Williams also claimed $407 billion in 2020 sales volume in Canada and the U.S., But Keller stated that “96 percent of our market centers across the U.S. and Canada in 2020, up 8 percent from 2019.

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Sales Brokerage Staging Closing 414

Housing Wire

SEPTEMBER 30, 2020

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. Across its multiple regions, its sales volume totaled more than $22 billion, and it sold over 100,000 houses.

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Brokerage Commercial Title Closing 404

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead.

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Agents MLS Brokerage Industrial 410

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.

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Agents Brokerage MLS Technology 341

Housing Wire

AUGUST 7, 2020

Brokerage giants RE/MAX and Keller Williams announced second-quarter numbers Friday, reflecting a business environment that had its share of ups and downs as a result of COVID-19. According to the company, in Q2, 122 million home searches were conducted across the KW App, KW.com, and market center and agent websites. “The U.S.

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Brokerage Technology Agents Closing 382

Housing Wire

APRIL 29, 2024

Most notably, the brokerage appointed Amy Weaver to the position of senior vice president of the U.S. I am confident that with our new team in place we can drive significant growth and help our agents to thrive in any market condition.” The firm’s $143.578 billion in sales volume earned it the No. 3 spot in the rankings.

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Commercial Brokerage Agents Industrial 390

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. of the purchase price of the house.

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Purchase and sale agreement Brokerage Agents Closing 389

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 In addition to Compass’ market share gains, the firm also recorded a 10% annual bump in revenue to $1.05

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Agents Brokerage Investor MLS 389

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. We could be facing years, not months, of fewer home sales, and Redfin still plans to thrive. in April 2021, to $4.51

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Marketing Brokerage Mortgages Title 370

Housing Wire

MARCH 11, 2024

Broker Kathy Kaye and agent Lorraine Baker joined Coldwell Banker Warburg , a New York City-based real estate brokerage, the company announced last week. Kaye and Baker each bring $200 million in career sales volume to the firm, according to its press release. In 2022, the team closed more than $28.5 million in sales volume.

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Development Brokerage Banks Agents 406

Housing Wire

NOVEMBER 29, 2023

99 agent in Tennessee by sales volume in the RealTrends America’s Best rankings, closing 54.5 million in sales volume. The Levensons said the decision to join Realty Executives was driven by the brand’s strong presence in the local market. billion in sales volume. In 2022, Ryan ranked as the No.

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Agents Brokerage Closing Sales 404

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 423

Agents Brokerage Technology Staging 423

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. A successful sale of stock at $24.50 would give the brokerage a “fully diluted market value of $12.5 at close of business Monday.

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Marketing Brokerage Residential Banks 349

Housing Wire

JULY 22, 2021

RealTrends Market Leaders report ranks the top residential real estate firms in over 160 different metropolitan areas based on 2021 RealTrends 500 brokerage rankings. When it comes to movers and shakers in the Market Leaders report, it can be boiled down to Compass and flat-fee brokerages. 3 in transaction sides and No.

Marketing 393

Marketing Brokerage Equity Branding 393

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

APRIL 22, 2024

If you opt for the handwritten note option, I’d shorten this by removing the last paragraph and jumping straight from the data to the closing sentence. My name is (your name), and I’m a licensed real estate professional with (your brokerage). You’ll want to include the list price, sale price, and days on market.

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Brokerage Investor Agents Pre-approval 389

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.

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Purchase and sale agreement Agents Closing Brokerage 464

Housing Wire

OCTOBER 13, 2023

The Beinfield Team was the ninth-best small team in Connecticut based on sales volume, closing nearly $67.2 million in sales in 2022, according to the RealTrends 2023 America’s Best list. ” Liz Beinfield leads the team alongside her two daughters, Zoe Hamann and Jenny Friedman, and her niece, Carolyn Nally. .

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Principal Brokerage Agents Technology 417

Housing Wire

JUNE 10, 2022

Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. for Planet Home Lending, will focus on increasing market share by adding branches and loan originators.

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Marketing Lending Loans Branding 398

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.

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Development Branding Brokerage Sales 406

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% the month prior.

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Mortgages Principal Brokerage Finance 502

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6% Pueblo, Colo. ,

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Marketing Technology Loan Officer Brokerage 545

Housing Wire

OCTOBER 31, 2022

“Our third quarter results reflect the headwinds experienced from increased mortgage interest rates that have significantly impacted the market. The market has shifted away from refinance towards purchase and commercial transactions, which is where we are stronger. And consequently, we are growing our market share.”.

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Title Marketing Commercial Investor 352

Housing Wire

AUGUST 15, 2023

Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. Our goal is for you to always be the economist of choice in your local market,” Keller said.

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Agents Marketing Staging Industrial 369