article thumbnail

Howard Hanna acquires New York brokerage Rand Realty

Housing Wire

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The post Howard Hanna acquires New York brokerage Rand Realty appeared first on HousingWire.

Realty 410
article thumbnail

Mark Willis steps back into CEO role at Keller Williams

Housing Wire

Willis joined Keller Williams from Coldwell Banker in 1991, serving in multiple roles during his time with the brokerage. He left the company in 2016. Treble damages could result in NAR and the defendant brokerages paying roughly $5.36 The defendants have been ordered to pay damages of $1.78 All three parties plan to appeal.

Brokerage 432
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cash-offer giant Flyhomes nabs $150M in Series C round

Housing Wire

Flyhomes makes its money from brokerage fees, not from flipping homes, said Tushar Garg, Flyhomes’ CEO and co-founder at the time of its Series B funding round in 2019. The company claims that this process makes submitting a FlyHomes Cash Offer “effectively free” for the buyer. billion homes since launching operations in 2016.

Brokerage 384
article thumbnail

Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

article thumbnail

Flyhomes lays off 20% of its employees as housing demand falls

Housing Wire

“The past few months have brought the largest interest rate hike in nearly 30 years, and that has impacted the demand for housing,” the brokerage and lender said. . Through subsidiaries including Flyhome Brokerage , Flyhomes Mortgage and Flyhomes Closing , Flyhome claims to provide end-to-end home buying services.

Brokerage 384
article thumbnail

Cardinals of a different feather: Inside Samson Properties’ unique model

Housing Wire

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
article thumbnail

Illinois mortgage pros ensnared in alleged fraud scheme

Housing Wire

The federal government said Lajewski masterminded the scheme and brought along Siekowski, Bobrowicz and Bukowski to make false representations that caused buyers of Lajewski’s properties on the South Side of Chicago to fraudulently obtain mortgages from various lenders. A more secure closing process for everyone involved.

Mortgage 397