Housing Wire

MARCH 11, 2021

Growing real estate brokerage firm HomeSmart announced Wednesday that it bought PalmerHouse Properties , an Atlanta-headquartered brokerage that has about 2,000 agents. billion in 2020 sales volume from 9,904 transaction sides, and it ranks as a “top 10 brokerage in the Atlanta area,” according to data provided by HomeSmart.

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Brokerage Agents Realty Real Estate 337

Housing Wire

NOVEMBER 17, 2021

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. in 2020 over 2019.

Real Estate 390

Real Estate Brokerage Agents Advertising 390

Housing Wire

APRIL 2, 2024

Independent real estate firms are growing quickly, with flat-fee firms taking three of the top 10 spots by transaction sides when looking at the five year movers (2019-2023) in this year’s RealTrends Verified brokerage rankings. 3 in both categories.

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Housing Wire

SEPTEMBER 30, 2020

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.

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Realty Brokerage Real Estate Sellers 435

Housing Wire

JANUARY 16, 2024

8, 2019, and the present. The lawsuit is seeking class action status for the suit, with the proposed class being any homeowner who listed and sold a home on BAREIS MLS between Dec.

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Brokerage Realtors Realty Real Estate 403

Housing Wire

APRIL 1, 2024

A new class-action lawsuit was filed by a former agent against real estate brokerage Keller Williams (KW), contesting alterations made to the company’s profit-sharing program. Hill and Kevin Ortiz — took legal action against the real estate brokerage by filing four separate class-action lawsuits. Moulder, David L. Bueker, Robert E.

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Legal Brokerage Agents Real Estate 441

Housing Wire

MARCH 12, 2024

PureWest Christie’s International Real Estate , a Montana -based real estate brokerage, is expanding into northern Idaho , the firm announced on Tuesday. The brokerage , which is a longtime affiliate of Christie’s International Real Estate, is the largest independently owned brokerage in Montana.

Real Estate 445

Real Estate Brokerage Agents Technology 445

Housing Wire

OCTOBER 4, 2023

. “Keller Williams teaches agents to run profitable businesses with good margins and reserves, and in my eyes, exemplifies this given they are one of the few private brokerages that still exist,” Leung said in a statement. Leung was a finalist of Realtor Magazine ‘s prestigious 30 under 30 2017 class.

Real Estate 430

Real Estate Real Estate Agent Brokerage Agents 430

Housing Wire

MAY 1, 2024

Senat, who spent approximately six years in the NFL as an offensive tackle, played for several teams including the Baltimore Ravens, Cleveland Browns, Dallas Cowboys, Indianapolis Colts, New York Jets and the Kansas City Chiefs, where he won a Super Bowl in the 2019 season.

Real Estate 447

Real Estate Brokerage Agents Clients 447

Inman

APRIL 5, 2023

From 2019 to 2023, the number of agents who left a brokerage due to a weak culture doubled to 30 percent, according to a recent Coldwell Banker survey.

Brokerage 167

Brokerage Agents Technology 167

Housing Wire

SEPTEMBER 29, 2023

Initially filed in April 2019, the lawsuit takes aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS).

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Brokerage Realtors Agents Design 399

Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. It stated that associates who joined the brokerage on or after April 1, 2020, and subsequently jumped to a competitor would lose their revenues from the company’s lifelong revenue program.

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Brokerage Legal Agents Realty 509

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. Anywhere will eliminate any minimum client commission requirements that company owned brokerages may have.

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Buyers Brokerage Agents Sellers 459

Housing Wire

OCTOBER 10, 2023

The Consumer Financial Protection Bureau (CFPB) on Tuesday filed a lawsuit against Freedom Mortgage Corporation for allegedly violating the Home Mortgage Disclosure Act (HMDA) and a 2019 consent order by submitting legally required mortgage loan data that “was riddled with errors.” Freedom must pay $1.75

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Brokerage Realty Real Estate Loan Officers 414

Housing Wire

FEBRUARY 28, 2024

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. from 2019 to 2023, almost double the 26.4% With fewer listings to go around, low-producing brokerages were forced out.

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Marketing Mortgage Realty Brokerage 447

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. Together, the three agents will cover West Seattle and the Eastside areas of Seattle.

Realty 385

Realty Brokerage Agents Real Estate 385

Housing Wire

SEPTEMBER 7, 2023

Edgerton and Reisinger will have an impact on the global network of 550-plus independent real estate brokerages. When she joined the company in January 2019, she focused on member engagement, performance, and satisfaction. Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018.

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Legal Brokerage Real Estate Modernization 390

Housing Wire

MARCH 20, 2024

She joined Realty ONE in 2019 and was later named as a 2022 HousingWire Marketing Leader. Realty ONE Group International, which was founded in 2005 and is based in Las Vegas, is a real estate franchise brokerage. Before this promotion, Vasquez served as the company’s vice president of global communications. The company ranked No.

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Realty Human Resources Real Estate Brokerage 380

Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. In the complaintant, March, who sold a home in Manhattan and is the only named plaintiff, states that REBNY’s Universal Co-Brokerage Agreement forced him to pay an allegedly inflated commission fee to the buyer’s broker. 8, 2019, and the present.

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Real Estate Brokerage Sellers Law 478

Housing Wire

APRIL 2, 2024

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.

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Agents Brokerage Real Estate Tools 343

Housing Wire

OCTOBER 13, 2023

” The Beinfield Team was with Compass from December 2019 to January 2023 before departing for Houlihan Lawrence in February. “With an already exceptional roster of real estate agents , our brokerage now boasts an even more formidable agent referral network.” They made the leap back to Compass in October.

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Real Estate Agent Agents Brokerage Real Estate 429

Housing Wire

JANUARY 12, 2021

SoftBank -backed residential brokerage Compass filed paperwork with the Securities and Exchanges Commission on Monday to go public. The brokerage, which has raised $1.5 billion in July 2019, tapped Goldman Sachs and Morgan Stanley late last year to underwrite the IPO. billion in venture capital and achieved a valuation of $6.4

Brokerage 395

Brokerage Agents Business Valuation 395

Housing Wire

OCTOBER 18, 2023

. “There’s definitely a shift and while we know there is a lot of movement going on with people losing jobs because of mergers or closures, a certain percentage are moving to brokerage instead of another retail company.” The InGenius data dating back to Q1 2019 points to some sobering trends.

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Retail Loan Officers Brokerage Mortgage 521

Housing Wire

AUGUST 17, 2023

Each business had a minimum revenue of $190,000 in 2019 and $2 million in 2022, according to the business magazine. Priority, run by Joseph LaMontagne, focused in growth in 2019 and was well positioned to handle the volume from the pandemic boom years of 2020 and 2021. Just three title insurance firms made the annual Inc.

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Insurance Brokerage Real Estate Business 359

Housing Wire

NOVEMBER 7, 2023

For industry analyst Rob Hahn, this would mean that an independent brokerage who becomes a RE/MAX or Anywhere franchisee prior to the settlement being approved would gain immunity from commission lawsuits. Even if they were independent brokerages before that doesn’t free then from additional lawsuits down the road.”

Brokerage 403

Brokerage Law Agents Realtors 403

Housing Wire

OCTOBER 3, 2023

According to an article by HousingWire Reporter Brooklee Han, initially filed in April 2019, the lawsuit takes aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS). It ranked No.

Real Estate 389

Real Estate Brokerage Agents Training 389

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 360

Real Estate Business Brokerage Open Houses 360

Housing Wire

JULY 21, 2023

Maggie Wu has returned to Compass , and she’s bringing her four-person The W Team to the New York brokerage. With the move, Wu returns to where she began her career as junior partner on the Jing Chen Team in 2019. In December 2021, she had left Compass to join the young brokerage SERHANT. where she launched her own team.

Brokerage 294

Brokerage Legal Clients Real Estate 294

Housing Wire

JANUARY 2, 2024

The complaint argues that the NAR and the brokerage defendants collude “to impose, implement and enforce anticompetitive restraints that cause home sellers to pay inflated commissions on the sale of their homes, in violation of federal antitrust law.” “Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

Sellers 424

Sellers Brokerage Real Estate Realtors 424

Housing Wire

FEBRUARY 28, 2024

While this is certainly not the only lawsuit Redfin has been named a defendant in, it is the first suit in which it is named as the sole real estate brokerage defendant. 2, 2019, and Oct. 2, 2023.

Realtors 410

Realtors Legal Agents Brokerage 410

Housing Wire

MARCH 1, 2021

RE/MAX has greatly expanded its foothold in northeast Florida, buying Jacksonville brokerage mainstay Magnolia Properties. and Florida Home Realty & Mortgage are the top Jacksonville brokerages by sales volume, according to RealTrends 2019 data. Like other brokerages, RE/MAX weathered a volatile 2020.

Investing 436

Investing Brokerage Realty Agents 436

Housing Wire

JUNE 11, 2021

No surprise, big growth is the theme of 2020, with RealTrends + Tom Ferry The Thousand and America’s Best Real Estate Professionals showing huge boosts in transactions sides and volume, yet productivity has not increased year to year (2019-2020). in 2020 over 2019. from 2019 to 2020. The average team did 252.9

Realty 460

Realty Real Estate Brokerage Agents 460

Housing Wire

NOVEMBER 25, 2020

Venture-backed residential brokerage Compass has hired bookrunners ahead of an independent public offering in 2021, according to a new report. In the early days of the pandemic, when lockdowns prevented Compass from showing homes in its strongest market, the brokerage elected to cut 15% of non-agent staff.

Brokerage 421

Brokerage Agents Real Estate Investors 421

Housing Wire

NOVEMBER 1, 2023

using a listing agent or broker affiliated with one of the seven brokerage defendants and paid a buyer broker commission from Oct. 31, 2019, to the present, the Halloween filing date befits the spooky consequences this suit may have for the industry. How big could this case be?

Real Estate 436

Real Estate Brokerage Sellers Law 436

Housing Wire

APRIL 22, 2024

He then asked Tager and Lickstein about their first forays into the AI space, and Tager talked about using it first through SMS text messaging around 2019, years before OpenAI ’s ChatGPT product came into the fold and set off the current run on the tech and debate about its use. “No

Real Estate 401

Real Estate Tools Brokerage Technology 401

Housing Wire

SEPTEMBER 11, 2020

billion in March 2019, suspended operations in March and did not resume buying homes until May. But it remains the biggest player in a blossoming segment of real estate, in which tech-fueled companies – and even traditional brokerages – aspire to have a hand in every element of the home buying process. The company, which has raised $1.3

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Valuation Brokerage Real Estate Agent Real Estate 429

Housing Wire

MARCH 1, 2021

The numbers are in: Compass lost $270 million in 2020, and the residential real estate brokerage generated $3.7 Those numbers are from a statement Compass filed with the Securities and Exchange Commission on Monday afternoon, in which the brokerage proposed offering $500 million in class “A” common stock. billion in 2019.

Brokerage 447

Brokerage Marketing Real Estate Investors 447