Housing Wire

SEPTEMBER 13, 2023

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results. Earn Outs continue to run for a minimum of two years to a maximum of five years.

Real Estate 294

Real Estate Valuation Brokerage Property Management 294

Housing Wire

NOVEMBER 16, 2023

This explains why Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer/Burnett suit, chose to sue a whole different group of corporate brokerages in the Gibson lawsuit he filed just hours after the Sitzer/Burnett verdict was announced. 12 edition of his NotoriousROB email newsletter in reference to personal injury lawyers.

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Law Brokerage Advertising Real Estate 379

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents.

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Realtors Brokerage Agents Buyers 401

Housing Wire

JANUARY 11, 2024

For the most part, many brokerages and real estate agents on the buyer’s side of the transaction have continued on with a “business as usual” approach until we have certainty as to the true impact. Such an approach would likely tend toward a transactional, brokerage-focused revenue model.

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Brokerage Real Estate Business Construction 399

Inman

AUGUST 16, 2023

Screw 'em," the Keller Williams co-founder told agents Tuesday at his Mega Agent Camp event, referring to antitrust suits involving commissions in which the brokerage is named. "I'm happy.

Agents 129

Agents Brokerage 129

Housing Wire

FEBRUARY 27, 2024

who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. Douglas Elliman also cites lack of jurisdiction in its motion to dismiss, stating that Douglas Elliman International and Douglas Elliman Realty are holding companies that are not licensed as real estate brokerages in Missouri or elsewhere.

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Realty Real Estate Law Brokerage 348

Housing Wire

FEBRUARY 24, 2022

Years before Mark Zuckerberg introduced the “Metaverse,” there was eXp, a cloud-based real estate brokerage where executives and agents appear on a computer screen as if they are characters in Second Life or The Sims. eXp founder and CEO Glenn Sanford reported a profitable year for a brokerage that is quickly growing.

Brokerage 355

Brokerage Agents Loan Officers Real Estate 355

Housing Wire

OCTOBER 30, 2020

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Extremely non-white” ZIP code refers to a ZIP code in which 70% or more of the residents were non-white.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

JULY 24, 2023

Today, the Massachusetts-based Cobalt Group has its core team of agents who operate as a traditional real estate team, but it also has other independent agents who work under the group’s overall umbrella, a key characteristic of what many in the real estate industry are now referring to as “teamerages.” That depends on who you ask.

Brokerage 364

Brokerage Agents Real Estate Training 364

Housing Wire

JUNE 11, 2021

Most of the highest producing real estate agents in the country belong to an established, national brokerage. That Caballero is party to an average of 18 home sales a day, 365 days a year, is due to a system where he provides buyer references to nine different homebuilders. The brokerage placed 274 agents in the top 1,000.

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Agents Brokerage Realty Real Estate 423

Housing Wire

MARCH 3, 2022

The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company. Indeed, most other brokerages either do not provide an adjusted EBITDA figure or give one at less variance to net income. And agents who work at Compass say the brokerage gives them tools to be productive.

Brokerage 325

Brokerage Agents Real Estate Law 325

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 287

Real Estate Brokerage Buyers Property Management 287

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?

Brokerage 381

Brokerage Real Estate Investors Mortgage 381

Inman

MARCH 23, 2023

Jarret Willis, a Black agent who worked at the Hamptons-based luxury brokerage, was smeared by epithets, including "Jafar" in reference to the "Aladdin" Disney movie, a white colleague claims.

Real Estate 136

Real Estate Brokerage Agents 136

Housing Wire

NOVEMBER 27, 2023

In addition to what has become the “usual allegations,” the complaint also references the Department of Justice’s investigation into NAR , as well as the Sitzer/Burnett suit as evidence of the alleged conspiracy. “Moreover, they preclude a buyer broker from presenting offers to sellers that are predicated on lowering this commission.”

Real Estate 426

Real Estate Real Estate Agent Sellers Realty 426

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.

Real Estate 320

Real Estate Business Brokerage Open Houses 320

Housing Wire

APRIL 13, 2021

But, ironically, the emerging NAR-Zillow proxy battle comes three months after Zillow announced it is an NAR-member real estate brokerage. ShowingTime has about all the market after they bought Centralized Showing Service,” Fisher said, a reference to ShowingTime’s 2019 acquisition. Real estate agents and LOs: the great collaboration.

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Real Estate Agent Real Estate Brokerage Realtors 404

Appraisal Buzz

NOVEMBER 19, 2021

Redfin’s Homebuyer Demand Index hit a new all-time high since at least 2017, according to a new report from Redfin , a real estate brokerage. This is a sign of strong ongoing housing demand during a time of year when the market typically slows.

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Brokerage Real Estate Agents Appraisal 195

Housing Wire

DECEMBER 20, 2023

had no involvement in the issuance and or enforcement of NAR rules and that it did not impose those rules, including the Cooperative Compensation Rule, upon its franchisee brokerages or their affiliated independent contractor agents,” attorneys for Keller Williams wrote in the motion that both NAR and HomeServices joined.

Real Estate 320

Real Estate Sellers Realtors Brokerage 320

Housing Wire

OCTOBER 6, 2023

Both brokerages also said they will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered. For Steve Murray , the co-founder of RealTrends Consulting , none of these changes come as a major surprise and he said the industry should “breathe a sigh of relief.” .”

Agents 347

Agents Brokerage Realtors Real Estate 347

Housing Wire

OCTOBER 26, 2023

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Despite not requiring NAR membership, Frazier said the brokerage does require agents to follow the NAR Code of Ethics. They were a place to start.”

Law 331

Law Agents Brokerage Buyers 331

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Reached Monday, a Compass spokesperson declined to answer specific questions, instead referring to the company press release on the Glide purchase. Compass has faced allegations before of getting into competitors’ data.

Agents 348

Agents Brokerage Real Estate Agent Realtors 348

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 375

Real Estate Agent Real Estate Brokerage Law 375

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. In the first quarter of 2022, HomeLight and Accept.inc represented more than $3 billion in combined referred transaction volume, according to Uher. Proptech HomeLight raised $115 million in capital and acquired Accept.inc.

Brokerage 295

Brokerage Real Estate Lending Clients 295

Housing Wire

MARCH 24, 2022

To be clear, with $900 million, it’s not something we need to do to raise capital,” Reffkin said in reference to the company’s fundraising numbers at the time, which eventually swelled to $1.6 The approach contrasts Compass with other full-service brokerages, including Realogy , who do not have an agent equity program.

Agents 331

Agents Brokerage Investing Business 331

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”. DOJ has swooped into lawsuits against the National Association of Realtors and top brokerage firms.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

MARCH 22, 2021

Although the claims were made prior to Compass’s acquisition of Modus, Compass officials said the brokerage was aware of the investigation when it acquired Modus in October 2020 for approximately $50 million. The rivals were also aggrieved at the way Modus used its products to lure customers away from the other firms. billion.

Insurance 421

Insurance Real Estate Agent Brokerage Real Estate 421

GoForrmz

SEPTEMBER 28, 2023

In an era where data can make or break your business, implementing the power of digital data capture can be a game-changer for your food distribution or brokerage business. Understanding Digital Data Capture Digital data capture refers to the process of electronically collecting, storing, and managing data relevant to your business.

Business 78

Business Brokerage Inventory Transportation 78

Housing Wire

JANUARY 13, 2022

“My Coldwell Banker agent office policy insists that we do not cut commission under any circumstance,” said one agent who requested anonymity to speak candidly about her company, which is part of the Realogy brokerage conglomerate. Gorman’s comments confuse me.”. Justice Department antitrust inquiry into NAR. Filed with the court on Nov.

Brokerage 311

Brokerage Real Estate Agents Real Estate Agent 311

Lamacchia Realty

MAY 11, 2021

Lamacchia Obtains Brokerage License in Maine. It was announced during company updates on Wednesday that Lamacchia Realty is officially licensed as a brokerage in Maine! As a member of Leading Real Estate Companies of the World , the Lamacchia Relocation Department never hesitated to refer clients out of state and around the globe.

Brokerage 69

Brokerage Realty Renovations Clients 69

Housing Wire

OCTOBER 26, 2023

The Gathering of Eagles has a decades-long track record of being the premier real estate conference catering to the who’s who of real estate brokerage owners. Colloquially referred to as The Gathering, the event will be led by Brena Nath , Makenna Clay , Mark Adams and a wildly creative and ambitious team at HW Media.

Real Estate 311

Real Estate Housing Market Brokerage Mortgage 311

Housing Wire

NOVEMBER 30, 2023

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.

Real Estate 353

Real Estate Real Estate Agent Brokerage Agents 353

Housing Wire

MAY 25, 2023

Dual compensation refers to an instance in which a single individual or entity is in control of both brokerage and loan origination functions and are compensated for real estate transactions in which they represent the buyer or the seller and act as the originator on the mortgage loan used to purchase the home.

Real Estate 307

Real Estate Sellers Brokerage Buyers 307

Housing Wire

SEPTEMBER 11, 2023

In the past, we’ve always been dependent upon the real estate brokerage community, referring us to deals as loan officers,” Watanasuparp said. Cliffco’s proprietary CRM platform enables loan officers to break away from being heavily dependent on real estate agents for referrals. “In

Loan Officers 359

Loan Officers Agents Retail Technology 359

Housing Wire

OCTOBER 31, 2023

Finally, they must say whether they believe the conspiracy caused the plaintiffs to pay more for real estate brokerage services than they would have without the conspiracy. He then moved on to discuss the brokerage senior executives and CEOs called as witnesses and their lack of knowledge about the Clear Cooperation rule.

Agents 368

Agents Sellers Buyers Law 368

Housing Wire

MARCH 21, 2024

“I’m working with a couple of brokerage firms on a multipart agent training series,” Frank Borg, a Seattle -based originator with Fairway said in a February interview.

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Retail Mortgage Real Estate Agent Business 336

Housing Wire

DECEMBER 5, 2023

In reference to a letter the DOJ sent NAR in Nov. The appeal comes at a challenging time for the trade group, which is currently facing several commission lawsuits, which accuse NAR and many of the nation’s largest corporate brokerages of colluding to artificially inflate real estate agent commissions.

Real Estate Agent 328

Real Estate Agent Law Real Estate Agents 328