Housing Wire

SEPTEMBER 19, 2023

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. If added together, Nestfully’s five MLSs have 343,000+ agent and brokerage subscribers.

Realtors 350

Realtors Brokerage Real Estate Agents 350

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

Brokerage 415

Brokerage Real Estate Realtors Legal 415

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.

Brokerage 316

Brokerage Realty Real Estate Real Estate Agent 316

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 372

Advertising Brokerage Real Estate Legal 372

Housing Wire

MAY 7, 2024

The brokerage posted revenue of $225.5 million, an increase of 5% compared to the first quarter of 2023. million in Q1 2023 and well above its $23 million loss in Q4 2023. Redfin’s brokerage revenue hovered around $125 million, up 5% from a year ago. But it also reported a net loss of $66.8

Marketing 335

Marketing Brokerage Advertising Agents 335

Housing Wire

APRIL 24, 2024

National Association of Realtors , et al., The Gibson suit was filed in late October 2023 by Michael Ketchmark, just after a Missouri jury ruled in favor of his clients in the Sitzer/Burnett suit that found real estate industry players liable for colluding to artificially inflate agent commissions.

Realtors 339

Realtors Real Estate Brokerage Law 339

Housing Wire

MAY 7, 2024

With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. With Pro Teams, a team or brokerage firm is able to maintain its own internal economics and commission models.

Agents 422

Agents Brokerage Training Business 422

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 435

Brokerage Agents Real Estate Buyers 435

Housing Wire

JANUARY 9, 2024

Like the other commission lawsuits, the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS. 5, 2020, and the present. 5, 2020, and the present.

Realty 457

Realty Realtors Real Estate Real Estate Agent 457

Housing Wire

MAY 2, 2024

million in Q1 2023. Under Leo Pareja’s leadership, I am confident that eXp Realty will extend its leadership position in the coming years and continue to redefine what it means to be the most agent-centric real estate brokerage on the planet.” It’s also a dip compared to Q4 2023 when eXp boasted 87,515 agents.

Realty 330

Realty Brokerage Agents Real Estate 330

Housing Wire

OCTOBER 11, 2023

Name Job Title Company Name Aaron VanTrojen CEO Geneva Financial Home Loans Abbie Tidmore Senior Managing Director and Chief Revenue Officer Pennymac Adam Kessler CEO Academy Mortgage Baron Silverstein President Newrez Ben Madick Co-Founder and CEO Matic Insurance Bernadette Kogler Co-Founder and CEO RiskSpan Bill Rogers Founder and CEO Homeowners (..)

Realty 455

Realty Real Estate Technology Lending 455

Housing Wire

APRIL 30, 2024

On Tuesday, the nation’s largest brokerage by transaction side count announced that it had named Kendall Bonner as its new vice president of industry relations. She announced her team’s move to eXp in February 2023. “I A day after announcing major changes to its executive team, eXp Realty is once again shaking up its leadership.

Realty 348

Realty Real Estate Realtors Brokerage 348

Housing Wire

JANUARY 2, 2024

For many real estate professionals, 2023 was the year of the commission lawsuit , and the year could not end without one last copycat suit. 2023, Umpa is a resident of Maryland and the lawsuit is in regards to the sale of two homes, one in Maryland and one in Ohio. The lawsuit is seeking class action status for everyone in the U.S.

Sellers 385

Sellers Brokerage Real Estate Realtors 385

Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. Filed on Tuesday in U.S.

Realtors 369

Realtors Legal Agents Brokerage 369

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We million net loss reported in Q1 2023. million, compared to Q1 2023’s free cash-flow loss of $59 million.

Agents 347

Agents Brokerage Real Estate Clients 347

Housing Wire

MARCH 27, 2024

Realtors , was founded in 2014 by Jackson and Matt Lesher. The brokerage boasts a team of roughly two dozen licensed agents , as well as support staff members in marketing, management and transaction coordination roles. ” Corcoran Prime, previously known as The Agency Inc. .

Brokerage 355

Brokerage Real Estate Tools Clients 355

Housing Wire

NOVEMBER 29, 2023

Ryan Levenson, who is the 2023 president of the East Tennessee Realtors’ Association , is a third-generation real estate agent, following his parents, Rich and Patti Levenson, into the business. In 2023, Realty Executives ranked as the No. In 2022, Ryan ranked as the No. transaction sides and nearly $22.6

Realty 371

Realty Agents Real Estate Agent Real Estate 371

Housing Wire

APRIL 16, 2024

Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing. The data spanning from 2009 to 2023 reveals a notable correlation between the total real estate transactions in the USA, termed national transactions , and the movement of agents between brokerages.

Real Estate Agent 430

Real Estate Agent Real Estate Agents Brokerage 430

Housing Wire

MARCH 8, 2024

Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. The lawsuit names the National Association of Realtors and Keller Williams as co-conspirators, but they are not defendants in the suit. The brokerage is part of the LeadingRE network.

Brokerage 363

Brokerage Sellers Realtors Agents 363

Lamacchia Realty

JANUARY 3, 2024

has released its “Top Producing REALTORS®,” for December 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Additionally, Eileen was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list!

Realtors 73

Realtors Realty Real Estate Clients 73

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. Some 22% said they were pessimistic, compared with 14% in the Q3 2023 survey. It ranked No.

Real Estate 348

Real Estate Brokerage Agents Training 348

Housing Wire

JANUARY 17, 2023

plans to invest in tech, reduce vendor costs and focus on realtor partners in 2023. A subsidiary of HomeServices of America and owner of about 40 real estate brands across the country, the lender’s success is tied to its affiliated real estate brokerages’ business. Justin Messer, CEO at Prosperity Home Mortgage.

Mortgage 359

Mortgage Real Estate Real Estate Agent Realtors 359

Lamacchia Realty

JANUARY 11, 2024

has released their “Top Producing REALTORS®,” for all of 2023! This program recognizes the Top 10 REALTORS® out of the over 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Lamacchia Realty, Inc.

Realtors 66

Realtors Realty Real Estate Agents 66

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1%

Realtors 403

Realtors Agents Brokerage Inventory 403

Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We People who are planning to buy a home by the end of 2025 expect to pay $483,490 on average, but 52% of those who have purchased since the start of 2023 have spent more than $500,000.

Real Estate Agent 454

Real Estate Agent Agents Real Estate Buyers 454

Housing Wire

JANUARY 9, 2024

Sandra Hines and Blake Waggoner from The Hines Group will join as senior broker and broker, respectively, and Dave Janssens will join as managing broker at the California -based brokerage led by Mauricio Umansky. The team changed its name in 2023 to The Hines Group. In total, the team sold $68.6 million in real estate.

Realty 345

Realty Brokerage Agents Real Estate 345

Housing Wire

APRIL 17, 2024

The plaintiffs who signed the contract, however, sued a non-signatory parent company of the signatory brokerages, which “asserted liability based on the non-signatory’s relationship with its subsidiary.” Since it was not, HomeServices is unable to compel arbitration, the brokerage argued.

Contracts 370

Contracts Brokerage Law Real Estate Agent 370

Lamacchia Realty

DECEMBER 5, 2023

has released its “Top Producing REALTORS®,” for November 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Most recently, Eileen was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list!

Realty 73

Realty Realtors Real Estate Agents 73

Housing Wire

APRIL 29, 2024

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. 31, 2023 , Douglas Elliman had $119.8 The National Association of Realtors has also reached a nationwide settlement of the commission lawsuits. million at any point from Dec. 31, 2025 until Dec.

Brokerage 362

Brokerage Agents Legal Realty 362

Lamacchia Realty

NOVEMBER 3, 2023

has released its “Top Producing REALTORS®,” for October 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! In fact, Carolyn qualified for Lamacchia Realty’s Top Producer Circle in 2021 , 2022 , and recently 2023!

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

APRIL 29, 2024

We are pleased to announce that Emerson Realtors out of Auburn, Massachusetts have joined forces with Lamacchia Realty. Emerson Realtors was co-founded by Kevin Maher, a fifth generation REALTOR® whose career spanned an impressive 45 years. We are looking forward to the next chapter for our brokerage.

Realtors 78

Realtors Realty Real Estate Brokerage 78

Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. According to the National Association of Realtors , 4.09 million existing homes were sold in 2023, the fewest since 1995. It generated $1.3

Housing Market 347

Housing Market Marketing Brokerage Agents 347

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Lamacchia Realty

MAY 7, 2024

has released its “Top Producing REALTORS®,” for April 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Earlier last year, Shauna was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list.

Realtors 72

Realtors Realty Real Estate Clients 72

Housing Wire

AUGUST 1, 2023

Congratulations to the 2023 Women of Influence winners. Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Lamacchia Realty

OCTOBER 11, 2023

has released its “Top Producing REALTORS®,” for September 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Most recently, Amy was named in the Boston Agent Magazine’s 2023 Who’s Who list !

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

FEBRUARY 13, 2024

The deal, in addition to existing agreements with the Realty Alliance and the National Association of Realtors , brings ICE’s MLS data coverage to more than 90% of active listings across the country. Since ICE acquired Black Knight in September 2023, the company has been accelerating its business expansion in the mortgage space.

Real Estate 360

Real Estate Realty Brokerage Technology 360