Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. During this time, we ( RTC Consulting ) have come to grips with various certainties prevalent in residential real estate. Real estate brokerage is definitely not for the faint of heart. Most brokers are feeling the crunch.

Brokerage 345

Brokerage Land Residential Agents 345

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 317

Brokerage Development Agents Industrial 317

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 491

Brokerage Residential MLS Sales 491

Housing Wire

JANUARY 19, 2022

The real estate brokerage has not announced agent hires, but it has tapped a managing broker for the state in John Wollberg. Wollberg was most recently the executive vice president and managing director of sales and operations at Brown Harris Stevens , a Manhattan-based brokerage headquartered on Park Avenue. real estate.

Brokerage 381

Brokerage Branding Residential Agents 381

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 403

Brokerage Branding Agents Sales 403

Housing Wire

JANUARY 10, 2024

It relies on examinations of agents’ sales for five major real estate firms in each of four geographic areas; out of a sample of 2,000 agents, 100 were selected randomly from each firm in each area. To Brobeck, the fact that so many agents rely on residential sales for occasional, marginal or supplemental income is a problem.

Agents 428

Agents Sales Residential Commercial 428

Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. The self-reported list ranks U.S. 186 spot on the Inc.

Brokerage 369

Brokerage Title Agents Residential 369

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. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said.

Sales 458

Sales New Construction Staging Mortgages 458

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

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. billion in sales volume in 2023, behind only Compass , Anywhere Advisors and eXp Realty.

Brokerage 455

Brokerage MLS Agents Branding 455

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. In his role as national sales director at Movement, Yeager will focus on the company’s growing sales team. At Cobalt, Yeager oversaw $5 billion in production.

Sales 339

Sales Loan Officer Lending Residential 339

RIS Media

APRIL 19, 2024

The white-glove full-service company assists clients in a wide range of real estate transactions, including assistance with luxury residential listings, ranch and rural properties, new construction, commercial sales, land sales and… The post Oklahoma Brokerage Affiliates with Better Homes and Gardens Real Estate appeared first on RISMedia.

Brokerage 104

Brokerage New Construction Commercial Land 104

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. Two of every three dollars made by the residential segment came from services for buyer agents.

Investor 425

Investor Residential Agents MLS 425

Housing Wire

MARCH 18, 2024

Roomvu , a Canadian-based video marketing platform for residential real estate agents, is partnering with Leading Real Estate Companies of the World (LeadingRE) and Realty One to mark Roomvu’s expansion into the U.S. Our expansion into the U.S. Our partnerships with LeadingRE and RealtyOne are just the beginning.

Marketing 385

Marketing Residential Technology Branding 385

Housing Wire

NOVEMBER 7, 2023

million in sales volume in 2022. billion in sales volume in 2022 across 6,080 transaction sides. 63 among the 500 best brokerages by volume. “We GLG is also part of a larger Keller Williams Realty franchise group of residential real estate brokerages located in Georgia. In all, BCP agents notched $4.2 It placed No.

Mortgages 409

Mortgages Principal Brokerage Lending 409

Housing Wire

SEPTEMBER 12, 2023

Another independent brokerage has chosen to align with RE/MAX. The brokerage will now operate under the name RE/MAX The Collective. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release.

Brokerage 397

Brokerage Branding Residential Agents 397

Housing Wire

JANUARY 11, 2024

While REBNY is not affiliated with NAR, when Friedman sold his Park Slope property, the trade group had a rule similar NAR’s Participation Rule, requiring the listing broker to split the commission they earned in a home sale transaction with the buyer’s broker. The suit was filed in late December in U.S. 29, 2019, to the present.

Residential 409

Residential Agents Brokerage Sales 409

Housing Wire

FEBRUARY 28, 2024

While this is certainly not the only lawsuit Redfin has been named a defendant in, it is the first suit in which it is named as the sole real estate brokerage defendant. 2, 2019, and Oct. 2, 2023.

MLS 395

MLS Residential Brokerage Agents 395

Housing Wire

FEBRUARY 13, 2024

The data produced when properties are listed for sale contains essential market information that can serve many business and risk management use cases,” said Ben Graboske, president of mortgage data and analytics for ICE fixed income and data services.

MLS 382

MLS Technology Mortgages Banks 382

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 339

Brokerage Residential Equity Agents 339

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

MARCH 29, 2022

After being excluded from RISMedia’s 34th Annual Power Broker Report for incorporating commercial transaction data in its reported totals for 2021, Compass has since submitted to RISMedia verified residential-only numbers for the year: 2021 residential sales volume: $251,019,336,511. 2021 residential transactions : 224,067.

Residential 104

Residential Commercial Brokerage Sales 104

Housing Wire

NOVEMBER 28, 2023

With the residential real estate pendulum swinging from blissful exuberance in the second half of 2020 to extreme consternation for many today, brokers have had to pivot like never before. As such, it certainly feels like that pendulum is a labrys slicing through our brokerage firms. Retain and develop. Spend less money than you make.

Brokerage 406

Brokerage Residential Technology Development 406

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. Meanwhile, @properties ranks 8 th on RealTrend’s third-party verified and self-reported list of top brokerages nationally by sales volume with $16.4

Brokerage 409

Brokerage Residential Equity Branding 409

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. In 2022, he recorded a sales volume of $30 million.

Agents 366

Agents Loan Officer Principal Brokerage 366

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

OCTOBER 10, 2023

Coldwell Banker has appointed Jason Waugh as president of Coldwell Banker Affiliates, where he will lead the brand and be responsible for strategy, operations and sales for the Anywhere-owned company’s growing network of franchises. Sales professionals, broker-owners — they have a lot of choices out there.

Branding 421

Branding Commercial Brokerage Residential 421

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.

Mortgages 410

Mortgages Brokerage Title Residential 410

Housing Wire

MARCH 1, 2021

The numbers are in: Compass lost $270 million in 2020, and the residential real estate brokerage generated $3.7 Those numbers are from a statement Compass filed with the Securities and Exchange Commission on Monday afternoon, in which the brokerage proposed offering $500 million in class “A” common stock. billion in revenue.

Marketing 421

Marketing Title Brokerage Residential 421

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.

Lending 338

Lending Brokerage Loan Officer Residential 338

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 381

Brokerage Residential Title Agents 381

Housing Wire

FEBRUARY 18, 2022

The record climb in home sales and staggering increase in home price has not necessarily translated into success for the biggest U.S. residential real estate companies. That revenue figure includes the full commissions on home sales, which mostly are returned to the real estate agent on the deal. Once the $4.8

Fixed-rate mortgage 383

Fixed-rate mortgage Brokerage Residential Sales 383

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.

Brokerage 334

Brokerage Branding Residential Sales 334

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Who’s most exposed? If 1 million agents disappear?

Agents 478

Agents Purchase and sale agreement Brokerage Finance 478

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. According to the research report produced by RealTrends, the 500 largest residential real estate brokerage firms in the nation closed over 3.9 HomeServices saw a 4.1% 4 with a 70.9%

Brokerage 304

Brokerage Residential Closing Sales 304

Real Trends

JUNE 22, 2023

The Real Brokerage this week announced that it picked up two of Southern California’s most productive real estate agent teams – Active Realty and Power Real Estate Group. million in residential sales volume, good for #5 in California. million in residential sales volume last year, according to the rankings.

Brokerage 89

Brokerage Residential Agents Branding 89

Housing Wire

DECEMBER 6, 2023

Defendants in the lawsuit include the Florida Association of Realtors , the nation’s largest state Realtor group with 238,000 members, and 16 large local brokerages, with agent counts ranging from 655 to nearly 4,000. District Court for the Western District of Pennsylvania.

MLS 430

MLS Brokerage Agents Industrial 430