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One-third of real estate CEO comp is variable, up from 2016

Housing Wire

A full one-third of the compensation paid to non-controlling shareholder real estate CEOs is variable, according to the 2021 RealTrends Brokerage Compensation Report. This is up considerably from 2016, when the last report was published. “A Non-controlling CEOs are getting bonuses based on brokerage profitability.”.

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Recruiters turn to AI in their quest to lure top agents

Housing Wire

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

Agents 421
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

Because the larger brokerage firms, historically, tend to represent more buy side than sell side, they “may be looking at a big loss of revenue,” says Murray. “You must train all of your agents as to how you’re going to get compensated,” said Murray. “He got up to 20% to 30%, as I recall.”

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Lenders, tech firms hire executives to navigate down market

Housing Wire

Motto Mortgage, a national mortgage brokerage franchise, and wemlo , a mortgage processing solution with an all-in-one digital platform, tapped Chris Erickson as vice president of product and strategy for both brands this week. For the Motto brand, Erickson will focus on streamlining the product ecosystem for franchisees.

Marketing 410
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Lamacchia Realty Ranked in the 2023 Mega 1000

Lamacchia Realty

The Real Estate Almanac by T3 Sixty has published its annual ranking of the Mega 1000 Brokerages. This comprehensive report evaluates the top 1,000 brokerages in the nation based on their annual sales volume, transaction sides, and agent count. Therefore, they feel sales volume best reflects a company’s overall strength.

Realty 67
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7 best real estate schools in Massachusetts for 2024

Housing Wire

You can also opt-in to Freedom Trail’s broker recruitment program to be contacted directly by local brokerages that are hiring new agents. 6 months course access Ridgeline: All features of Base + Livestream option and Forms Training 101. 25 hrs livestream access. 40 hrs livestream access. 60 hrs livestream access.

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Recruiting real estate agents: A complete roadmap for 2024

Housing Wire

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. The number of agents switching brokerages is ticking upward and markets are stabilizing across the country. If you want to learn how to recruit agents, now is the time.