Housing Wire

SEPTEMBER 26, 2023

Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016.

Agents 355

Agents Brokerage MLS Industrial 355

Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. million, compared to Q1 2023’s free cash-flow loss of $59 million.

Agents 361

Agents Brokerage Investor MLS 361

Housing Wire

OCTOBER 6, 2023

The terms of Anywhere Real Estate ‘s $83.5 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices.

Brokerage 424

Brokerage MLS Agents Branding 424

Housing Wire

OCTOBER 16, 2023

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

Brokerage 361

Brokerage Technology Agents Industrial 361

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 406

Agents Brokerage Technology Staging 406

Housing Wire

JANUARY 11, 2024

Although what lies ahead in the world of real estate and mortgage services in 2024 remains a bit uncertain, it’s now crystal clear that, beyond the already-tired suggestion that we “survive until ’25,” quite a few businesses will be seeking to find additional sources of revenue. Here’s why.

Title 422

Title Brokerage Construction Closing 422

Housing Wire

AUGUST 8, 2023

However, the company’s real estate brokerage segment’s adjusted EBITDA was $2.5 For the three months that ended June 30, 2023, Douglas Elliman’s real estate brokerage segment reported an average price per transaction of $1.64 The brokerage segment finished the second quarter with $9.9

Brokerage 321

Brokerage Mortgages Industrial Marketing 321

Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers. The hybrid LO-agent?

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Only 1% of respondents say they are restructuring their compensation model. It ranked No. 9 of twelve possible challenges.

Brokerage 365

Brokerage MLS Agents Technology 365

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. Almost any time in history the U.S.

Industrial 437

Industrial MLS Brokerage Agents 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. Eventually the real estate market will get to more levels of transactions in the mid-cycle.”

Brokerage 356

Brokerage Investor Technology Agents 356

Housing Wire

FEBRUARY 16, 2022

real estate, as the New York City brokerage continues to burn through money amid its rapid expansion. However, 83% of that is instantly lost to “commissions and other related expenses.” After commissions and other expenses, Compass posted $1.1 It also wipes off $24 million in expenses from acquisitions.

Brokerage 370

Brokerage Title Agents Equity 370

Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” And before getting my real estate license in 2009, I had the same opinion, too. The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker.

Purchase and sale agreement 293

Purchase and sale agreement Agents MLS Brokerage 293

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas.

MLS 404

MLS Brokerage Agents As-is 404

Housing Wire

NOVEMBER 16, 2023

real estate teams and individual agents as clients for their accounting and bookkeeping services. 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 The only category that saw a rise ($800,000 to $1.5

Brokerage 341

Brokerage Sales Agents Finance 341

Housing Wire

FEBRUARY 14, 2024

I am a big believer in developing a brand for your real estate business from Day One. The power of branding in real estate In the real estate world, there’s a prevailing belief that “You are the brand” as an agent. It’s something that I could use for a future brokerage, an app, or a startup.

Branding 422

Branding Agents Brokerage Development 422

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.

Brokerage 378

Brokerage Principal Branding Agents 378

Housing Wire

MARCH 9, 2022

the M&A-hungry parent of cloud-based real estate brokerage Fathom Realty , achieved supercharged growth in 2021. During the fourth quarter, Fathom’s general and administrative expenses rose to $9.1 Leaders optimistic about future of brokerage. Fathom Holdings Inc. , million. “A million, representing 9.5%

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Title Brokerage Investor Agents 341

Housing Wire

APRIL 4, 2024

Ryan Serhant — the acclaimed real estate broker, media personality and serial entrepreneur — is moving beyond his career in real estate to delve into the broader arena of sales. In 2020, he established his brokerage, SERHANT , which now spans 19 states and has more than 500 employees.

Sales 279

Sales Brokerage Industrial As-is 279

Housing Wire

APRIL 1, 2024

We do see this as a new asset class in the real estate ecosystem and we see it as complementary to traditional debt options that exist today,” Burnett said. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In

Equity 398

Equity Finance Purchase and sale agreement Investor 398

Housing Wire

FEBRUARY 15, 2024

The plaintiffs’ original motion to stay the litigation only discussed doing so for the brokerage defendants. Named after its lead plaintiff, the Nosalek suit alleges that MLS PIN, HomeServices of America , Keller Williams , RE/MAX and Anywhere colluded to artificially inflate real estate agent commissions. The remaining $1.64

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Closing MLS Brokerage Development 369

Housing Wire

MARCH 3, 2022

People used to talk about Compass all the time,” said Jonathan Miller, a real estate appraiser at Miller Samuel , who compiles housing market reports for Douglas Elliman , a Compass rival. The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company.

Brokerage 353

Brokerage Principal Agents Staging 353

Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to?

Bankruptcy 391

Bankruptcy Brokerage Title Equity 391

Housing Wire

SEPTEMBER 7, 2023

Rather than belabor the kick in the teeth this industry is feeling, I’d like to bring attention to the other side of the coin that has some real estate brokers licking their chops. During this time, we ( RTC Consulting ) have come to grips with various certainties prevalent in residential real estate.

Brokerage 338

Brokerage Land Residential Agents 338

Housing Wire

JULY 20, 2023

Real estate teams of all sizes continue to perform, according the Streamlined Quarterly Team Benchmarking Report, which looked at the financial performance of more than 200 teams across the nation. real estate teams and individual agents as clients for their accounting and bookkeeping services.

Brokerage 282

Brokerage Agents As-is Technology 282

Housing Wire

MARCH 15, 2021

Also, we figured they would wake up one day, and say, ‘Hey, we’re a brokerage.’”. Zillow, for years, made money selling leads to real estate agents, a practice that agents like Herrera already felt ambivalent toward. The post Where real estate agents fit into Zillow’s grand vision appeared first on HousingWire.

Agents 484

Agents Brokerage 484

RIS Media

MAY 9, 2024

Bough gave his final approval today to settlement agreements struck by big brokerages in class-action commission lawsuits, granting broad immunity from claims by sellers that these companies conspired on rules that inflated real estate compensation at the expense of consumers. Judge Stephen R.

Brokerage 122

Brokerage Industrial Agents 122

Housing Wire

MARCH 21, 2024

Sarah Wheeler: Let’s talk about your background, because you have both technology and real estate experience. I have founded several startups, but my previous startup in Canada was a tech company in real estate. We were kind of the Zillow of Canada — we were the first platform to open up access to real estate data.

Technology 429

Technology Brokerage Agents As-is 429

Housing Wire

NOVEMBER 20, 2023

RE/MAX and Anywhere Real Estate can breathe a sigh of relief. The two corporate brokerages have received preliminary approval of their settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits. At Anywhere, CEO and president Ryan Schneider was equally as pleased.

MLS 391

MLS Brokerage Agents Development 391

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 404

Mortgages Brokerage Title Residential 404

Housing Wire

APRIL 17, 2023

NAF is looking for a 50/50 joint venture between the California-headquartered lender for virtually any size real estate brokerage, a larger agent team, a new home builder and a wholly-owned mortgage business. With various services plus capital in place, a joint venture ramps up faster than a traditional mortgage company.

Brokerage 330

Brokerage Banks Loan Officer Mortgages 330

Housing Wire

NOVEMBER 8, 2023

Here’s a financial checklist that real estate agents and mortgage professionals should complete before the end of the year for more success and financial security in 2024. If your estimated holiday expenses are over budget, consider ways to make it more manageable.

Commercial 431

Commercial Mortgages Residential Brokerage 431

Housing Wire

AUGUST 9, 2023

The advent of artificial intelligence (AI) has been sending shockwaves across nearly every industry, and real estate is no exception. This piece will explore some of the key domains where AI is having the greatest impact for real estate agents, brokers and the innovative companies leading the charge.

Agents 367

Agents Brokerage Technology Industrial 367

Housing Wire

OCTOBER 6, 2023

After roughly a month of speculation, Anywhere Real Estate and RE/MAX made the terms of their proposed settlement agreements in the Moehrl and Sitzer/Burnett buyer broker compensation class action suits public on Friday. In addition to the already publicized $83.5

Industrial 378

Industrial MLS Brokerage Agents 378

Housing Wire

NOVEMBER 7, 2023

million after the brokerage paid its commissions and related expenses. The company also delivered on its objective to cut down operating expenses, which came down to $1.4 The company also delivered on its objective to cut down operating expenses, which came down to $1.4 Revenue was revised down to $241.20

Principal 358

Principal MLS Agents Brokerage 358

Housing Wire

OCTOBER 27, 2020

HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector. No doubt it’s a state-of-the-art tool that’s guaranteed to help you increase profits, streamline operations and even reduce your staff, allowing you to cut expenses. To join the HW+ community, go here.

Technology 393

Technology Brokerage Agents Sales 393

Housing Wire

FEBRUARY 16, 2021

Keller Williams sold more homes – and sold more expensive homes – in 2020, according to the brokerage’s self-reported numbers released Tuesday. The Austin, Texas-headquartered real estate brokerage closed 1.22 How to Diversify Your Brokerage to Weather Economic Hardship. million home sales in the U.S.

Sales 414

Sales Brokerage Staging Closing 414