Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 395

Brokerage Mortgages Loan Officer Banks 395

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 303

Brokerage Residential MLS Sales 303

Housing Wire

SEPTEMBER 7, 2023

Edgerton and Reisinger will have an impact on the global network of 550-plus independent real estate brokerages. I am excited to continue working closely with her as we broaden our offerings worldwide,” he added. Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018.

Brokerage 379

Brokerage Residential Industrial Agents 379

Housing Wire

SEPTEMBER 13, 2023

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results. Earn Outs continue to run for a minimum of two years to a maximum of five years.

Brokerage 334

Brokerage Property Management Title Residential 334

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. He closed $23 million in sales volume in 2022.

Agents 366

Agents Loan Officer Principal Brokerage 366

Housing Wire

NOVEMBER 17, 2021

For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. The deal is set to close Dec. The deal is set to close Dec. The brokerage was founded 2000 by Thad Wong and Mike Golden , who remain the companies’ co-CEO’s.

Brokerage 409

Brokerage Residential Equity Branding 409

Housing Wire

APRIL 25, 2024

Claire boasts a conversational interface to guide users through every step of the homebuying journey, from property search to deal closing. The tool helps match buyers with the ideal property while providing insights into market trends and property values.

Agents 370

Agents Technology Residential Industrial 370

Housing Wire

MAY 13, 2021

Compass has successfully become a publicly traded company, but the residential brokerage continues to lose money and it has unclear plans to generate more revenue. Compass CEO Robert Reffkin said that the brokerage is “expanding our adjacent service business” into title and escrow, and “plans to provide” mortgage services.

Mortgages 410

Mortgages Brokerage Title Residential 410

Housing Wire

NOVEMBER 3, 2021

The cloud-based brokerage recorded $1.1 The third quarter of 2021 saw eXp agents close 130,029 residential transaction sides, a year-over-year increase of 72%. Residential transaction volume also rose to $46.6 The brokerage was the fourth-largest in the U.S. Operating expenses also increased 100.3%

Lending 338

Lending Brokerage Loan Officer Residential 338

Housing Wire

JUNE 1, 2023

It is noteworthy that eXp was the only one of the top four firms to grow both its closed transactions and its sales volume in 2022 when sales of existing homes were down significantly. The full list of 2023 RealTrends 500 brokerage firms was released on March 24 and announced in The Wall Street Journal the same day.

Brokerage 339

Brokerage Residential Equity Agents 339

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. To close out his presentation, Yun touted the ongoing value of homeownership despite market headwinds.

Sales 458

Sales New Construction Staging Mortgages 458

RIS Media

DECEMBER 16, 2020

United Real Estate—a division of United Real Estate Group (UREG)—announced its merger with Virtual Properties Realty (VPR), the largest residential real estate brokerage in Greater Atlanta and the state of Georgia. VPR’s 14 locations and 3,700 agents close over $2.5 billion in annual sales. Powered by a 1.8-plus

Brokerage 98

Brokerage Residential Agents Closing 98

Housing Wire

MARCH 25, 2021

The RealTrends 500, now in its 34th year, remains the undisputed leader in ranking the performance of residential real estate services firms. increase in transaction sides, followed closely by Compass at No. million residential sales transactions in 2020. Firms are ranked based on closed transaction sides, then by sales volume.

Brokerage 304

Brokerage Residential Closing Sales 304

Housing Wire

SEPTEMBER 16, 2021

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. In 2018, 1% of surveyed brokerages said their business came from open houses. million in 2018.

Brokerage 348

Brokerage Lending Residential Title 348

RIS Media

FEBRUARY 4, 2022

In 2021, our sales associates and independent brokerages continued to recognize the value in leveraging Weichert’s technology, marketing, training and coaching support to compete and grow, as evidenced by our impressive year-end results.”. It was a fast-paced market—and still is. Customized Technology Drives Business.

Residential 97

Residential Brokerage Technology Closing costs 97

Realty Biz

JANUARY 11, 2024

The two dimensions of the real estate world, residential and commercial, have significant differences, and any aspiring agent needs to know what it all is about before biting off more than they can chew. It can be crucial to know in advance if you can do both commercial and residential real estate.

Commercial 48

Commercial Residential Agents Brokerage 48

Housing Wire

NOVEMBER 9, 2021

Luxury real estate brokerage Douglas Elliman is going to be spun off from its parent company Vector Group , the owner of discount cigarette brands and Nathan’s Famous hot dogs. Lorber also said the new structure would help attract employees and acquire brokerages in target markets. Transaction sides were down 3.6% billion.

Brokerage 334

Brokerage Branding Residential Sales 334

Housing Wire

JANUARY 12, 2021

SoftBank -backed residential brokerage Compass filed paperwork with the Securities and Exchanges Commission on Monday to go public. The brokerage, which has raised $1.5 Founded in 2012 by Robert Reffkin and Ori Allon, Compass ended 2019 as the third-largest residential brokerage in the country, according to REAL Trends.

Brokerage 381

Brokerage Residential Title Agents 381

Real Trends

DECEMBER 16, 2020

United Real Estate – a division of United Real Estate Group (UREG) – announced its merger with Virtual Properties Realty (VPR), the largest residential real estate brokerage in Greater Atlanta and the State of Georgia. VPR’s 14 locations and 3,700 agents close over $2.5 billion in annual sales.

Residential 52

Residential Brokerage Agents Closing 52

Housing Wire

MAY 3, 2021

“Zillow essentially concedes that NAR and MLS’s antiquated, anticompetitive rules are bad for consumers, but chose to close ranks and enforce them anyway.”. REX has argued that this “other” is pejorative and an attempt by NAR member brokerages to increase an anti-competitive stranglehold on home sales.

Brokerage 384

Brokerage Residential MLS Agents 384

Housing Wire

DECEMBER 9, 2020

HW Media, publisher of HousingWire, FinLedger, and producer of Engage Events, today announced it has closed on the strategic acquisition of REAL Trends, the residential real estate industry’s leading report that ranks the performance of the top U.S. brokerage firms. HW Media is owned by Riomar Capital. About REAL Trends.

Branding 538

Branding Residential Brokerage Industrial 538

Housing Wire

APRIL 3, 2024

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4%

MLS 396

MLS Residential Agents Industrial 396

RIS Media

JANUARY 12, 2022

closed 2021 with simultaneous acquisitions of five companies, the firm announced this week. The acquisitions add 1,400 sales associates, 15,000 transactions, and nearly $8 billion in closed sales volume to HomeServices’ 2021 portfolio and strengthen its commitment to fulfilling a “customer-for-life” business model. Hegg Realtors®.

Closing 97

Closing Title Brokerage Branding 97

Housing Wire

NOVEMBER 10, 2020

“The third quarter of 2020 was highlighted by our record-breaking financial results, driving the most profitable quarter in the company’s history by our continual focus on being the most agent-centric brokerage on the planet,” said Glenn Sanford, founder, chairman and CEO of eXp World Holdings. increase in closed sales volume in the U.S.

Residential 416

Residential Closing Agents Brokerage 416

Housing Wire

MARCH 9, 2022

the M&A-hungry parent of cloud-based real estate brokerage Fathom Realty , achieved supercharged growth in 2021. Leaders optimistic about future of brokerage. The brokerage’s agent count also grew 48% year over year to 8,100 agents. Fathom Holdings Inc. , million, representing 9.5% of total revenue for the quarter.

Title 343

Title Brokerage Investor Agents 343

Housing Wire

MARCH 31, 2021

Eight days after Compass unveiled a hoped-for Wall Street valuation of over $10 billion, the New York City-based residential brokerage has significantly scaled back its ambitions for an initial public offering. The brokerage had announced it was trying to manufacture $882 million through the sale of stock at $23-$26 per share.

Brokerage 379

Brokerage Branding Residential Technology 379

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. Everything can be done except for closing.

Mortgages 369

Mortgages Lending Investor Loans 369

Housing Wire

JANUARY 11, 2022

Unlike other HousingWire awards, Finance Leaders focuses specifically on corporate finance, secondary marketing, capital markets or strategic finance executives within mortgage banking or a real estate brokerage only. The post Nominations for HousingWire’s Finance Leaders award are now open! appeared first on HousingWire.

Finance 359

Finance Residential Title Mortgages 359

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. would give the brokerage a “fully diluted market value of $12.5 How to Diversify Your Brokerage to Weather Economic Hardship.

Marketing 332

Marketing Brokerage Banks Residential 332

RIS Media

APRIL 22, 2022

Glenn Sanford, founder, CEO and chairman of eXp World Holdings recently commented on the accessible leadership traits that underpinned eXp’s success as what he calls “the most agent-centric real estate brokerage on the planet.”. “My 4 among the top 1,000 brokerages for residential home sales in the U.S. Jürgen Klari?

Brokerage 108

Brokerage Agents Property Management Closing 108

Housing Wire

NOVEMBER 17, 2020

real estate brokerages and franchise brands , Realogy Holdings Corp., Yannaccone joined Realogy in 2015 as the chief operating officer of ERA , and has since held senior franchise and owned brokerage leadership positions. . The largest owner of U.S.

Branding 364

Branding Brokerage Commercial Residential 364

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. You could understand why other brokerages and agents wouldn’t be entirely convinced their data would be cordoned off. Compass closed trading Monday at $18 per share, good for a market capitalization of $7 billion.

Purchase and sale agreement 375

Purchase and sale agreement Agents Brokerage MLS 375

Housing Wire

DECEMBER 16, 2020

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. 1, 2018, and requested and was provided Smart Mortgage’s closed loan log for files he originated at Smart Mortgage between Oct.

Mortgages 396

Mortgages Loan Officer Brokerage Loans 396

Realty Biz

MARCH 11, 2023

Engel & Völkers Florida today announced three of their shops reported the highest residential real estate sales within the brand's global network for three weeks in a row during the month of February. Each brokerage is independently owned and operated. For more information, visit [link].

Residential 74

Residential Sales Branding Staging 74

RIS Media

NOVEMBER 1, 2020

An independent brokerage, after all, is regarded as the crowning success for building a winning team and starting your own company. If you own your own brokerage, you work long, crazy hours and carry a lot of risk, but you don’t make much money,” says Ribak, leader of Tropical Beachside, brokered by eXp Realty.

Brokerage 104

Brokerage Branding Agents Residential 104

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. Flat-fee brokerages climbing quickly.

Marketing 394

Marketing Brokerage Equity Branding 394

Housing Wire

APRIL 12, 2022

Donny Samson is quite aware of this particular moment in residential real estate history. “I Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”.

Title 370

Title Brokerage Agents Branding 370