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.”. Any real estate talk about technology can degenerate into to just saying the word “technology.” “We Don’t go out and build a consumer-facing technology,” McClelland advised.

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Brokerage Technology Agents Closing 427

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 395

Housing Wire

JUNE 10, 2022

Chime’s all-in-one CRM and sales acceleration platform is designed to help real estate agents, teams, and brokerages close more deals faster. The post HousingWire June Demo Day: CHIME Technologies appeared first on HousingWire. Product Fast Facts. #1. Get More Info.

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Technology Brokerage Design Closing 299

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.

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Agents Marketing Brokerage Technology 416

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 380

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%

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Brokerage Agents Title Lending 363

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.

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Agents Brokerage Technology Staging 436

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.

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Brokerage Technology Closing Sales 180

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.

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Brokerage Technology Agents Closing 383

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

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Principal Brokerage Agents Technology 427

Housing Wire

SEPTEMBER 26, 2023

Justin Tesar highlighted @properties’ technology as one of the reasons for the move. According to data from BrokerMetrics , the Tesars have closed a combined sales volume of $25.4 million since the start of the year, which is 30% higher than their sales volume for the full year 2022.

Agents 366

Agents Brokerage Technology Sales 366

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

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Due diligence Loans Lending Technology 380

Housing Wire

JULY 21, 2023

Maggie Wu has returned to Compass , and she’s bringing her four-person The W Team to the New York brokerage. In December 2021, she had left Compass to join the young brokerage SERHANT. With the move, Wu returns to where she began her career as junior partner on the Jing Chen Team in 2019. where she launched her own team.

Brokerage 359

Brokerage Investor Finance Technology 359

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.

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Title Brokerage Construction Closing 437

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%

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Brokerage Investor Technology Agents 409

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

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.

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MLS Brokerage Agents Industrial 427

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.

Purchase and sale agreement 383

Purchase and sale agreement Agents Brokerage MLS 383

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.

Brokerage 382

Brokerage Technology Branding Agents 382

Housing Wire

NOVEMBER 13, 2023

In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. It’s the backbone of the lending process , responsible for handling complex calculations, managing compliance and orchestrating a multitude of moving parts to transform an application into a closed loan.

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Lending Due diligence Technology Loans 406

RIS Media

JANUARY 24, 2022

Christie’s International Real Estate is finalizing the sale of its company-owned Manhattan brokerage office to Brown Harris Stevens, the company has announced. Sale to Brown Harris Stevens. The acquisition included a 20-agent company-owned brokerage office in New York City. billion in closed volume.

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Brokerage Sales Branding Technology 98

Housing Wire

AUGUST 9, 2023

While our industry is notorious for its lethargic adoption of new technologies, it is inevitable that AI will reshape many of the traditional and archaic processes that exist today. At the same time, there are numerous examples of ground-breaking implementations of this transformative technology that are already being used today.

Agents 370

Agents Brokerage Technology Industrial 370

Housing Wire

MARCH 12, 2021

” “The NAR and its MLS partners, which now include Zillow, are allowed to once again close off transparent access to home inventory by entering into agreements among themselves that disadvantage all but their own membership; consumers and competition will suffer,” read the lawsuit. billion visits. .” billion visits.

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MLS Brokerage Technology Industrial 475

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

Brokerage 421

Brokerage Residential Title Agents 421

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market. In 2016 LLR led a $26.5 No surprise here. Jobs are important.

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Technology Brokerage Lending Mortgages 381

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%. The brokerage was the fourth-largest in the U.S. The brokerage was the fourth-largest in the U.S. billion of revenue in the months of July, August and September.

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Lending Brokerage Loan Officer Residential 378

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 395

Brokerage Branding Residential Technology 395

Real Trends

FEBRUARY 3, 2023

Cloud-based real estate brokerage The Real Brokerage Inc. The firm has ranked in the top 1% of the 29,000 agents in San Diego County for four straight years and closed more than 150 transactions and $200 million in sales in 2022. The Real Brokerage is that brokerage,” Lefkowitz said.

Brokerage 80

Brokerage Agents Title Lending 80

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. As such, we’ve included the Blend logo in those areas.

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Technology Marketing Purchase and sale agreement Equity 136

RIS Media

JUNE 9, 2021

Since going public on the Nasdaq (FTHM) at the end of July 2020, Fathom Holdings has acquired a title company, a mortgage company, an insurance company, a lead generation business, two technology companies and completed a brokerage acquisition. Fathom Realty CEO Josh Harley weighs in on the brokerage’s recent moves.

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Brokerage Title Technology Agents 98

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In

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Equity Finance Purchase and sale agreement Investor 435

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 387

Housing Wire

OCTOBER 7, 2020

In January 2019, Keller, a charismatic Texan who co-founded the company in 1983, took back control of the brokerage from longtime employee John Davis, who had been CEO for just two years. At the time, the residential brokerage industry was grappling with a wave of consolidation, disruptions in technology, poaching wars and slowing growth.

Brokerage 437

Brokerage Technology Agents Residential 437

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

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Kirby hopes to have a total of 15 LOs and close $50 million in production volume by year-end.

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Loans Mortgages Loan Officer Lending 394

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

RIS Media

NOVEMBER 29, 2020

If you’re a broker/owner who struggles with implementing new technology, you’re not alone. For many broker/owners, there are few things more challenging than rolling out new brokerage tech tools. When it comes to new technology investments, it’s about more than just the money.

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Technology Brokerage Agents Industrial 105