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?”

Brokerage 433

Brokerage Agents Industrial As-is 433

Housing Wire

SEPTEMBER 13, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

Brokerage 399

Brokerage Equity Agents Branding 399

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

Brokerage 356

Brokerage Sales Agents Closing 356

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. In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday.

Brokerage 369

Brokerage Commercial Property Management Branding 369

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.

Brokerage 367

Brokerage Branding Technology Agents 367

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.

Brokerage 332

Brokerage Technology Agents Industrial 332

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 426

Brokerage Industrial MLS Sales 426

Housing Wire

OCTOBER 25, 2023

Florida -based Keyes Company , an independent real estate brokerage , partnered with housing data aggregator BHR , the company announced Tuesday. According to the 2023 RealTrends rankings of top real estate brokerages by sides, Keyes is ranked No. billion in closed sales volume in 2022.

Brokerage 337

Brokerage Agents Industrial Closing 337

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 388

Brokerage Branding Agents Sales 388

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. By the numbers Consider this: It’s estimated that there are currently about 125,000 brokerage firms in the United States. With the Realtor count close to 1.6

Brokerage 331

Brokerage Land Residential Agents 331

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

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 305

Brokerage Development Agents Industrial 305

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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Lending Brokerage Mortgages Banks 394

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 307

Brokerage Agents Title Lending 307

Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 454

Sales New Construction Staging Mortgages 454

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.

Brokerage 409

Brokerage Technology Agents Closing 409

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.

Brokerage 376

Brokerage Principal Branding Agents 376

Housing Wire

MARCH 29, 2022

The 2022 RealTrends 500 rankings top movers by transaction sides is based on 2021 sales data. Top movers is a ranking of the 50 firms in the RealTrends 500 that had the largest increase in closed sides or largest increase in sales volume between 2020 to 2021. Top 50 Movers by sales Volume. View the full rankings.

Closing 319

Closing Brokerage Sales Agents 319

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.

Brokerage 407

Brokerage Commercial Title Closing 407

Housing Wire

APRIL 5, 2022

Keller Williams Realty in Portland, Maine grew 751% in sales volume percentage over the last five years — 2017-2021, ranking No. 3 of the Top 5-Year Movers by Sales Volume Percentage. The 2022 RealTrends 500 brokerage companies are breaking records. Close behind was Compass , with an increase of 1,692%.

Brokerage 349

Brokerage Sales Agents Closing 349

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., How to Diversify Your Brokerage to Weather Economic Hardship. How to Diversify Your Brokerage to Weather Economic Hardship.

Sales 417

Sales Brokerage Staging Closing 417

Housing Wire

APRIL 4, 2022

When it comes to sales volume, the top mover was Compass with a $99+ billion volume increase in 2021 compared to 2020. Next was Realogy Brokerage Group , which consists of company-owned Coldwell Banker , Sotheby’s International and Corcoran offices, with a $61+ billion increase year over years. Top 50 Movers by sales Volume.

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Sales Brokerage Agents Closing 338

Inman

SEPTEMBER 27, 2023

NYC-based brokerage Compass has acquired Realty Austin and Realty San Antonio for an undisclosed amount. The brokerage closed $5.24B in 2022 sales volume.

Brokerage 162

Brokerage Closing Sales 162

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 291

Brokerage Residential MLS Sales 291

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. No other brokerage can offer agents a big traditional split and all the benefits, support, technology and customer introductions that we provide here at Redfin.

Agents 384

Agents Marketing Brokerage Technology 384

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 362

Agents MLS Brokerage Industrial 362

Inman

MARCH 28, 2024

The Jon Campbell Team, previously the Don Wenner Team, closed 2,250 home sales across $585 million in sales volume in 2023. Technology and culture helped draw the team to Real.

Brokerage 170

Brokerage Technology Closing Sales 170

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. and Canada, Keller Williams agents closed 272,103 transactions, down 15.4% Agents also closed $85.3 billion in sales volume, down 15% year over year.

Brokerage 383

Brokerage Technology Agents Closing 383

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 312

Agents Brokerage MLS Technology 312

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 393

Marketing Brokerage Agents Development 393

Housing Wire

MARCH 6, 2024

Top-performing independent Florida brokerage Premiere Plus Realty has chosen to affiliate with Dallas-based United Real Estate , according to an announcement on Wednesday. 155 in the RealTrends 500 rankings by sides, based on its 4,671 closed transactions in 2022. Its sales volume of $3.346 billion was good for No.

Brokerage 348

Brokerage Agents Closing Sales 348

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. 54 brokerage in the country by transaction sides in the RealTrends 500 , closing 9,701 sides in 2022 and $3.44 billion in sales volume. In 2022, Ryan ranked as the No.

Agents 381

Agents Brokerage Closing Sales 381

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 402

Agents Brokerage Technology Staging 402

Housing Wire

APRIL 25, 2024

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. ” In 2023, eXp Realty agents closed 355,052 transaction side, earning the firm the top spot in the RealTrends Verified transaction side rankings, while the firm’s $143.578 billion in sales volume earned it the No.

Marketing 308

Marketing Branding Brokerage Staging 308

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. Assisting homebuyers and their agents adds more to an LO’s plate.

Industrial 501

Industrial Seller concession Purchase and sale agreement Agents 501

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.

Development 379

Development Brokerage Banks Agents 379

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 357

Purchase and sale agreement Brokerage Agents Closing 357