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.

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Brokerage Residential MLS Sales 344

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.

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Agents Loan Officer Principal Brokerage 370

Housing Wire

JUNE 1, 2023

Compass, headed by CEO Robert Reffkin, took the top spot this year by sales volume. 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.

Brokerage 374

Brokerage Residential Equity Agents 374

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.

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Brokerage Residential Equity Branding 413

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. HomeServices saw a 4.1% eXp Realty, ranked No. 4 with a 70.9%

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Brokerage Residential Closing Sales 345

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. But that revenue is wrapped up in home sale commission splits to Compass’s real estate agents – money that goes in and out the door. at close of business Wednesday.

Mortgages 404

Mortgages Brokerage Title Residential 404

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.

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Brokerage Lending Residential Title 375

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. The brokerage was the fourth-largest in the U.S.

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Lending Brokerage Loan Officer Residential 370

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. 6 by sales volume. 6 by sales volume.

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Brokerage Branding Residential Sales 363

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. But even more so is the strength of the shop ownership and advisors we have attracted to be part of Engel & Völkers in Florida.

Residential 74

Residential Sales Branding Staging 74

Housing Wire

JANUARY 12, 2021

SoftBank -backed residential brokerage Compass filed paperwork with the Securities and Exchanges Commission on Monday to go public. The document does not indicate how much money Compass plans to raise in a public offering, nor does it disclose price per share on common stock up for sale. The brokerage, which has raised $1.5

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Brokerage Residential Title Agents 410

Realty Biz

FEBRUARY 14, 2023

While his famous phrase coined in 1973 graphically makes the point that being close to achieving something doesn’t actually provide real benefit (other than in his two extreme examples), I would argue that there is a third comparison where close really does matter: Close counts in valuing real estate brokerages.

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Brokerage Residential Industrial Agents 103

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

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Closing Sales Agents Technology 133

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

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Brokerage Residential Agents Closing 98

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 382

Brokerage Residential MLS Agents 382

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.

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Residential Closing Agents Brokerage 414

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.”. Streamlined Service Begets Success. It was a fast-paced market—and still is. Looking Ahead.

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Residential Brokerage Technology Closing costs 98

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 391

Brokerage Branding Residential Technology 391

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms. Compass closed trading Monday at $18 per share, good for a market capitalization of $7 billion.

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Purchase and sale agreement Agents Brokerage MLS 381

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 368

First Team Real Estate

DECEMBER 6, 2021

Bruce Kallen , commercial broker and office manager for First Team Real Estate in the High Desert, recently closed escrow on two large commercial transactions in the same week, for a total of $9.6 million in gross sales volume. million commercial building in the Victor Valley. The local $1.6

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Commercial Closing Sales Residential 98

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.

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Closing Title Brokerage Branding 98

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. Minor & Brown PC served as legal counsel to REAL Trends.

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Branding Residential Brokerage Industrial 537

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

Housing Wire

NOVEMBER 16, 2023

This is extremely valuable information, not only for teams but also for the brokerage firms with whom they are affiliated,” says Steve Murray, senior advisor to HW Media. “A Despite the anticipated reconfiguration in revenue streams—with a notable contraction in the number of teams closing between $800,000 to $1.5M to 40.6%. .

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Brokerage Sales Agents Finance 384

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

First Team Real Estate

MARCH 15, 2021

HESPERIA, CA – First Team Real Estate High Desert office agent Karen Copeland recently completed the sale of a retail commercial center in Hesperia, CA , successfully representing both the seller and the buyer in the transaction. Million, with both sides, the gross sale amounts to a total of $5.3

Commercial 98

Commercial Sales Closing Short sale 98

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

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 111

Brokerage Agents Property Management Closing 111

Housing Wire

AUGUST 3, 2021

To stay up to data on real estate brokerage news, please check out RealTrends’ BrokerSource newsletter. Durkin will continue to lead the brokerage , its operations, technology initiatives, and strategic growth efforts across the United States. 6 by closed sales volume and No. Douglas Elliman is ranked No.

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Brokerage Technology Branding Agents 378

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. Guaranteed Rate Affinity originated $13.4

Purchase and sale agreement 294

Purchase and sale agreement Brokerage Loan Officer Mortgages 294

Housing Wire

JULY 26, 2021

This past December, my mother and father closed on their home of 35 years in Limerick, Ireland, after 10 months “in escrow.” They also recently closed on their purchase of a new home. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there.

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MLS Purchase and sale agreement Brokerage Closing 382

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 at close of the New York Stock Exchange on Thursday. 2 in sales volume among all brokerages, trailing only Realogy, according to RealTrends data released last week. Investors initially paid $21.15-a-share

Brokerage 365

Brokerage Principal Loans Branding 365

Inman

NOVEMBER 29, 2023

Mesnick and his business partner Chris Dalto have left Compass and brought their Seattle-based luxury team, MDG Residential, to Real. Within its first year, the team closed more than $100 million in sales volume.

Residential 183

Residential Closing Sales Brokerage 183

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 393

Marketing Brokerage Equity Branding 393

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.”

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Title Industrial Purchase and sale agreement Agents 413

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

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Equity Brokerage Mortgages Title 404