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The Real Brokerage snags top Phoenix team

Housing Wire

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.

Brokerage 397
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Washington-based indy firm joins RE/MAX

Housing Wire

Another independent brokerage has chosen to align with RE/MAX. Yakima Valley, Washington-based The Real Estate Collective , is RE/MAX’s latest franchise, according to an announcement on Tuesday. The brokerage will now operate under the name RE/MAX The Collective.

Brokerage 397
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Opinion: All the ways the class-action commission lawsuits are misguided

Housing Wire

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. million members are independent contractors.

Business 370
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Amid expansion, Opendoor lost $270M in Q1

Housing Wire

Opendoor wants to give residential real estate brokerages a run for their money , but its first quarter earnings suggest the company is not quite there yet. Founded in 2014, Opendoor is a pioneer in cash home-buys moving online, and an alternative to home sellers having to work with real estate agents.

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Opinion: Real estate is already changing, despite commission lawsuit’s outcome

Housing Wire

Buyer’s agent commissions won’t necessarily go away Two weeks ago, the Real Estate Board of New York (REBNY) and the Residential Listing Service modified their rules starting Jan. It’s doubtful that amount will be what it is today, though. So here we are about to be crucified by the lawyers.

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The ‘double-edged sword’ of dual licensing

Housing Wire

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.