Housing Wire

APRIL 24, 2024

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. 1 brokerage by listing count from 2019 through 2023. The top 10 brokerages in Dallas by listing count were responsible for 12,145 listings in 2023. Houston ranks fourth with 2.3

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Brokerage Realty Marketing Real Estate 327

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. These four brokerage companies did just over $20 billion in residential gross commission revenue, which shows steady growth in a down market,” said RealTrends Senior Advisor Steve Murray. “In

Brokerage 364

Brokerage Real Estate Realty Agents 364

Housing Wire

MAY 3, 2024

eXp Realty has acquired Broker’s LLC , a 500-agent independent brokerage based in South Florida and founded by Claudia Serna, eXp announced on Thursday. In 2023, Broker’s LLC amassed over $500 million in closed sales through 1,694 transactions, an eXp news release stated.

Brokerage 338

Brokerage Agents Realty Business 338

Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.

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Brokerage Real Estate Agent Real Estate Clients 344

Housing Wire

MARCH 27, 2024

Brokerages took notice, resulting in a surge in companies and office locations competing for their share of listings, according to CoreLogic multiple-listing service data shared exclusively with HousingWire. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

Brokerage 381

Brokerage Realty Real Estate Inventory 381

Housing Wire

OCTOBER 2, 2023

FresYes Realty , one of California ‘s top real estate agent teams, has left the indie ranks to join The Real Brokerage. They did not appear in the 2023 RealTrends rankings.) Farris, a Tom Ferry Team Coach , is also bringing his weekly FresYes Insider newsletter to the virtual brokerage. million in volume.

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Brokerage Real Estate Agent Real Estate Agents 417

Housing Wire

MARCH 29, 2024

Co-founded by Sean Soderstrom, Dan Breitbach and Joe Urciuoli, the proptech company sells an AI-powered software platform to help real estate brokerages with their recruiting efforts. Courted identified three main problems with how brokerages have historically recruited agents. The company has expanded to 50 markets in the U.S.

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Brokerage Agents Realty Real Estate 322

Housing Wire

FEBRUARY 21, 2024

With market uncertainty, real estate agents had been sticking with their current brokerage., According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023. but that’s all starting to change. respectively.

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Real Estate Agent Real Estate Brokerage Agents 390

Housing Wire

JANUARY 31, 2024

The top-producing Suarez Team is joining real estate firm The Real Brokerage , according to a company announcement on Wednesday. Real president Sharran Srivatsaa expressed his enthusiasm in welcoming the Suarez Team to his brokerage. “I In third-quarter 2023, the firm reported a 92% annualized gain in revenue to $214.6

Brokerage 297

Brokerage Real Estate Training Agents 297

Housing Wire

SEPTEMBER 19, 2023

The Real Brokerage continues to add to its agent count. Hettich got his start in real estate at a large national brokerage, while Théard has a successful career as an agent at a small local boutique firm. “By Lafayette, Louisiana-based District South Real Estate Co. has joined Real, according to an announcement on Tuesday.

Brokerage 355

Brokerage Agents Real Estate Realty 355

Housing Wire

FEBRUARY 16, 2024

Path & Post Real Estate appointed Bekki Shae Smith to the role of managing broker, the Georgia -based boutique brokerage announced on Thursday. Additionally, Smith is serving as the 2024-25 Region 1 director for the Georgia Association of Realtors ; in 2023 she served as the president of the Cherokee Association of Realtors.

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Brokerage Realtors Realty Real Estate 342

Housing Wire

MARCH 18, 2024

Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as real estate agents continue the trend of switching brokerages at a faster rate than 2023. Trends in the relative movement of experienced real estate agents between brokerages are an important strategic consideration for brokerage and franchise leaders.

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Real Estate Agent Real Estate Brokerage Agents 309

Housing Wire

SEPTEMBER 27, 2023

“With this acquisition, we’ve positioned ourselves as Austin’s leading brokerage—our commitment to setting new standards and inspiring innovation for all our exceptional agents remains the top priority while honoring what Realty Austin and Realty San Antonio has built,” Rachel Hocevar, the president of Compass Texas, said in a statement.

Realty 392

Realty Brokerage Agents Real Estate 392

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 billion.

Brokerage 403

Brokerage Real Estate Realtors Legal 403

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.

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Brokerage Realty Agents Clients 310

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. To do so, RealReports is pulling information from over 30 data providers.

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Brokerage Real Estate Agent Real Estate Tools 315

Housing Wire

NOVEMBER 7, 2023

West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate , based out of Redmond, Washington. 17 in RealTrends’ latest brokerage rankings with $11.1 billion in sales volume across 16,502 transaction sides in 2023.

Brokerage 280

Brokerage Real Estate Property Management Agents 280

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.

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Brokerage Real Estate Agents Development 285

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. billion in sales volume in 2023. Lamacchia Realty is expanding its presence in the Pioneer Valley region of Massachusetts. Based in Waltham, Mass., Lamacchia Realty was ranked at No.

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Realty Brokerage Real Estate Realtors 413

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 342

Brokerage Agents Real Estate Marketing 342

Housing Wire

AUGUST 8, 2023

million in the second quarter of 2023, well below the $17.6 million in the second quarter of 2023, down from a gain of $14.6 million in the second quarter of 2023, down from a gain of $14.6 However, the company’s real estate brokerage segment’s adjusted EBITDA was $2.5 million as of June 30, 2023.

Brokerage 292

Brokerage Real Estate Advertising Inventory 292

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 million net loss during the second quarter of 2023, but revenues shot up from a year ago. Like many other brokerages , the firm is still in the red (it lost over $20 million last year). During the second quarter of 2023, they opened in Delaware, in South Dakota for the U.S.

Brokerage 287

Brokerage Agents Lending Mortgage 287

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. In mid-May 2022, REX ceased its brokerage operations. In a verdict announced late Friday afternoon, a jury in a U.S.

Advertising 359

Advertising Brokerage Real Estate Legal 359

Housing Wire

APRIL 10, 2024

The current supervisory highlights summarize the overall results of supervised institutions in 2023, when the FDIC conducted about 900 consumer compliance examinations. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value.

Brokerage 337

Brokerage Mortgage Development Insurance 337

Housing Wire

SEPTEMBER 7, 2023

Fast-growing firm The Real Brokerage is making it easier for their agents to take advantage of the company’s revenue share program. This opens opportunities for higher compensations and a more streamlined downline system, the brokerage said. “Just think about that number — I know that is very valuable for all of you.

Brokerage 329

Brokerage Agents Real Estate Clients 329

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.

Brokerage 390

Brokerage Real Estate Lending Mortgage 390

Housing Wire

AUGUST 17, 2023

With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. The top title insurance firm to make the 2023 list was AccuTitle , which placed 1,556 out of 5,000 companies, with a three-year growth average of 369%. 4,206 in 2023 with a three-year growth rate of 106%.

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Insurance Brokerage Real Estate Business 348

Housing Wire

DECEMBER 26, 2023

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. As the copycat commission lawsuits continue to pile up, and mortgage rate and inventory concerns still exist, 2024 will certainly be no walk in the park for brokerages, but analysts do expect it to be better.

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Brokerage Mortgage Agents Bracketing 406

Housing Wire

JANUARY 29, 2024

The Kays join John and Nancy Moratis in the suit that was originally filed in early December 2023 in the U.S. As for the defendants, real estate brokerages River Point Realty , Bovard-Anderson , Priority Realty , Rubinoff Realty Services and Found It PA were added in the amended complaint.

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Brokerage Realty Real Estate Real Estate Agent 305

Inman

MAY 1, 2024

Stronger lead generation systems and commission structures are driving more agents to consider switching their brokerage affiliations in the coming year, according to Coldwell Banker Real Estate's annual Agent Priorities Report published on Wednesday. In the survey of 1,500 agents, 39 percent said they plan to switch brokerages.

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Brokerage Agents Real Estate Buyers 141

Housing Wire

AUGUST 10, 2023

Low-cost residential real estate brokerage is not necessarily a new phenomenon. Flat-fee firms climbing up the brokerage rankings Interestingly, in 2013 only five of the top 100 firms in the nation, according to the RealTrends 500 rankings , were flat-fee firms. In 2023, 10 years later, flat-fee firms now account for 16 of the top 100.

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Brokerage Real Estate Realty Advertising 328

Housing Wire

JANUARY 27, 2023

Today marks the last day to nominate someone for the 2023 HW Finance Leaders award. Eligible nominees must be corporate finance, capital markets, or accounting executives within mortgage origination or a real estate brokerage and will be selected based off of financial management, strategic thinking and contribution to their organization.

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Finance Brokerage Real Estate Marketing 345

Housing Wire

APRIL 23, 2024

This impact is evident in the achievements of HousingWire’s 2023 Marketing Leaders honorees. brands, including brokerage, mortgage, title, insurance and technology. Take a look below to see some of last year’s winners and the accomplishments that helped earn them their win.

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Marketing Project Management Advertising Real Estate 312

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. We are excited to be with a brokerage with such high standards for ethics, professionalism, and organization,” DelRose Jr. Led by Mike DelRose Sr., Mike DelRose Jr.

Realty 383

Realty Brokerage Real Estate Clients 383

Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. The post Canadian mortgage brokerage takes Rocket Mortgage name appeared first on HousingWire.

Brokerage 366

Brokerage Mortgage Real Estate Lending 366

Inman

NOVEMBER 16, 2023

As we approach the final weeks of 2023, agents are continuing to migrate from legacy brands to low-fee, cloud-based brokerages. Mike DelPrete looks at the numbers and trends.

Brokerage 156

Brokerage Agents 156

Housing Wire

JULY 6, 2023

million in the first quarter of 2023 and cut approximately 91% of its workforce over an approximately 18-month period — due in large part to a substantial decline in its funded loan volume. The lender funded 2,347 loans in Q1 2023, a decline of 87% compared to 18,559 loans funded in Q1 2022. in Q1 2023 decreased by about 67% from 0.9%

Real Estate 359

Real Estate Agents Business Mortgage 359