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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

Equity 431
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Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. million after the brokerage paid its commissions and related expenses. Revenue decreased by 10% year over year to $1.34

Principal 396
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Pop the champagne, Compass hits major financial milestone

Housing Wire

But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. billion, which the brokerage attributed to a 19% year-over-year decrease in transaction sides to 54,207, combined with a decrease in the average home sale price, as the brokerage’s gross transaction value dropped 26% year over year to $56.8

Brokerage 369
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RE/MAX lays off 7% of staff in reorg

Housing Wire

In the same filing, RE/MAX announced that it had let go of Adam Grosshans, the firm’s principal accounting officer, as part of the reorganization. She was also appointed as RE/MAX’s new principal accounting officer. ” RE/MAX laid off 17% of its staff , roughly 120 employees, a little over a year ago. million a year prior.

Principal 370
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How to get a real estate license in Ohio (OH) in 5 steps

Housing Wire

3] [4] Step 2: Select a sponsoring real estate brokerage The state of Ohio requires anyone who wants to be licensed as a real estate agent to be sponsored by a brokerage before they take the licensing exam. Ready to find a real estate brokerage? Look for a broker who specializes in that niche.

Brokerage 421
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zavvie Taps Venkatesh Baglodi as Its New CTO

RIS Media

With a background that includes key tech roles at UPS, AT&T, and most recently as the engineering leader at Alexa AI and AWS AI at Amazon, Venkatesh Baglodi will use that experience to help the rapidly growing PropTech startup zavvie as its new chief technology officer. “There are more than 100,000 real estate brokers in the U.S.

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? Instead, they’re leaving money on the table.