Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. These four brokerage companies did just over $20 billion in residential gross commission revenue, which shows steady growth in a down market,” said RealTrends Senior Advisor Steve Murray. “In of all Realtors.

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Housing Wire

AUGUST 3, 2023

Kofi Nartey, a top real estate broker with a client list of celebrities and prominent athletes, has joined The Real Brokerage as a national growth leader. As part of his role at Real, Nartey will teach agents how to pitch the value proposition of The Real Brokerage. He will continue to grow his team through The Real Brokerage network.

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Brokerage Real Estate Agents Development 368

Housing Wire

JUNE 11, 2021

Most of the highest producing real estate agents in the country belong to an established, national brokerage. RealTrends , which is owned by HW Media , on Friday released its annual list of the top 1,000 agents in the country for 2020, with separate tallies for sales volume and the number of deals done. Not until nos.

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Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. The post Canadian mortgage brokerage takes Rocket Mortgage name appeared first on HousingWire. It previously acquired Lendesk, a Canadian fintech company.

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Brokerage Mortgage Real Estate Lending 410

Housing Wire

JUNE 30, 2021

Brokerage executives are elated to see each other in person again. HW Media acquired RealTrends last year, and for most real estate brokerage heads RealTrends’ annual soiree was the first in real life since early 2020. The post Real estate brokerages embrace long-term remote work appeared first on HousingWire.

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Brokerage Real Estate Business 539

Housing Wire

SEPTEMBER 27, 2022

Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew. The Real Brokerage, headquartered in Ontario, Canada, will pay $1.25 “We are excited to be joining forces with The Real Brokerage.

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Brokerage Lending Loan Officers Technology 370

Housing Wire

APRIL 25, 2024

Louis Ronayne first joined the brokerage as an agent and later became a team leader, serving at the brokerage from July 2000 to September 2014. In February 2020 , KW introduced a more restrictive policy to its profit-sharing program. But that policy did not impact agents who joined before April 1, 2020.

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Housing Wire

MAY 2, 2024

In February 2020, KW introduced a more restrictive policy to its profit-sharing program. 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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Agents Brokerage Legal Real Estate 431

Housing Wire

JANUARY 19, 2022

The real estate brokerage has not announced agent hires, but it has tapped a managing broker for the state in John Wollberg. Wollberg was most recently the executive vice president and managing director of sales and operations at Brown Harris Stevens , a Manhattan-based brokerage headquartered on Park Avenue. real estate.

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Brokerage Real Estate Agents Valuation 410

Housing Wire

SEPTEMBER 17, 2021

The following Q&A comes from the HW+ exclusive Slack channel, where Steve Murray, senior advisor to RealTrends , and Tracey Velt, RealTrends editorial, as they give an exclusive first look at the 2021 RealTrends Brokerage Compensation Report. Why don’t you talk a little about the types of brokerages that participated?

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Brokerage 373

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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Housing Wire

APRIL 22, 2024

In the past few weeks, 12 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine and John Exnicios — took legal action against the real estate brokerage by filing a host of class-action lawsuits.

Agents 430

Agents Brokerage Legal Real Estate 430

Housing Wire

APRIL 15, 2024

In the past few weeks, 11 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza and Jack Levine — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.

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Brokerage Legal Agents Real Estate 438

Housing Wire

FEBRUARY 9, 2021

That follows a startling trend of high vacation home demand, continuing an eight-month streak of more than 80% and includes a peak of 118% year-over-year in September 2020. How to Diversify Your Brokerage to Weather Economic Hardship. ” The post Vacation home demand soared in 2020 appeared first on HousingWire.

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Home Value Brokerage Contracts Agents 397

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

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.

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Real Estate Brokerage Agents Advertising 384

Housing Wire

APRIL 9, 2024

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits. District Court for the Northern District of Indiana.

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Brokerage Agents Legal Real Estate 450

Housing Wire

APRIL 4, 2024

Davis — took legal action against the real estate brokerage by filing six separate class-action lawsuits. In February 2020 , KW introduced a more restrictive policy to its profit-sharing program. But that policy did not impact agents who joined before April 1, 2020. Moulder, David L. Bueker, Robert E. On Wednesday, Penny B.

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Brokerage Legal Agents Contracts 419

Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

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Brokerage Mortgage Loan Officers Finance 421

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. In February 2020 , KW introduced a more restrictive policy to its profit-sharing program. But that policy did not impact agents who joined before April 1, 2020. Moulder, David L.

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Brokerage Legal Agents Realty 500

Inman

MAY 2, 2024

Cultural economist Mike Green looks at the aftermath of NAR's 2020 apology and what it would take to create a more equitable and inclusive housing market.

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Housing Market Marketing Brokerage Agents 169

Housing Wire

AUGUST 7, 2020

Brokerage giants RE/MAX and Keller Williams announced second-quarter numbers Friday, reflecting a business environment that had its share of ups and downs as a result of COVID-19. The post How did brokerage giants RE/MAX and Keller Williams fare in the second quarter? RE/MAX reported total revenue in Q2 of $52.2 “The U.S.

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Brokerage Training Agents Technology 384

Housing Wire

MARCH 27, 2024

The brokerage boasts a team of roughly two dozen licensed agents , as well as support staff members in marketing, management and transaction coordination roles. ” Corcoran’s affiliate network launched in February 2020 and grew steadily both domestically and internationally. .

Brokerage 430

Brokerage Real Estate Tools Clients 430

Housing Wire

DECEMBER 13, 2023

Compass ’ chief operating officer Greg Hart will leave the brokerage at the end of the year, according to a document filed with the Securities and Exchange Commission on Tuesday. Hart joined Compass in March 2020 to serve as the firm’s chief product officer, before assuming the role of chief operating officer over the summer of 2022. .”

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Brokerage Technology Finance Real Estate 410

Housing Wire

JANUARY 18, 2024

The complaint names 35 entities as defendants, including the National Association of Realtors , local and national brokerages, MLSs and local Realtor associations. 17, 2020, and the present. 17, 2020, and the present. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit.

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Realtors Brokerage Realty Real Estate 531

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.

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Real Estate Business Brokerage Open Houses 419

Housing Wire

FEBRUARY 29, 2024

Sahil Chhabra is bringing his 21-agent team, the Chhabra Group , to eXp , as a so-called “mega team,” the brokerage announced on Thursday. Since joining the real estate industry in 2020 after a career in the hospitality sector, Chhabra has accumulated an aggregate sales volume exceeding $425 million, according to a news release.

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Brokerage Agents Real Estate Clients 426

Housing Wire

FEBRUARY 16, 2024

Like the other commission lawsuits, the Boykin suit is seeking class action status for anyone who listed a property on a MLS in Nevada using a listing agent affiliated with one of the brokerage defendants named in the suit and paid a buyer broker commission between Feb. 16, 2020, and the present.

Real Estate 441

Real Estate Realtors Realty Brokerage 441

Housing Wire

MAY 17, 2024

Under the changes, the company cut profit-share distribution for vested “former” KW agents — those who joined the company before April 1, 2020, and left for another brokerage — from 100% to 5%. The changes were first announced in August 2023 during KW’s Mega Agent Camp event.

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Brokerage Agents Realty Business 246

Housing Wire

JANUARY 22, 2024

Right-to-list agreement firm MV Realty is no longer allowed to offer brokerage services in North Carolina. Since starting the program in August 2020, MV Realty says it has enrolled more than 35,000 homeowners in 33 states and has paid homeowners nearly $40 million. MV Realty did not return a request for comment.

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Realty Real Estate Brokerage Law 458

Housing Wire

MARCH 29, 2022

Different from our top movers by transaction side percentage , this is the actual numeric increase in transaction sides year to year between 2020 and 2021. Top movers is a ranking of the 50 firms in the RealTrends 500 that had the largest increase in closed sides or largest increase in sales volume between 2020 to 2021.

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Realty Brokerage Real Estate Agents 369

Housing Wire

SEPTEMBER 7, 2023

The brokerage on Thursday launched Accelerate , an incentive program that helps agents maximize their revenue share earning potential during their first year with the brokerage. In June, the brokerage announced that it was refining revenue share criteria, reducing the current FLQA tier 7 threshold from 40 to 30 FLQA.

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Realty Agents Brokerage Design 396

Housing Wire

OCTOBER 13, 2023

Certainly, the expectations of brokerage firms did not change in terms of the multiple of EBITDA upon which valuations are based. The reality is that in all the deals we have worked on since July 2022, EBITDA in absolute terms is not what it was in calendar years 2020 and 2021. This remains the most active part of the market.

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Real Estate Brokerage Valuation Sellers 410

Housing Wire

MARCH 8, 2024

Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. The brokerage is part of the LeadingRE network. In a lawsuit filed on Tuesday in U.S. District Court in New Orleans, home seller plaintiff Joseph C. In 2023, it ranked as the No.

Brokerage 421

Brokerage Sellers Realtors Agents 421

Housing Wire

AUGUST 25, 2023

Keller Williams President Marc King last week wrote in an email that the company will cut the profit share distribution for vested “former” KW agents (agents who joined the company before April 1, 2020) who jumped ship to another brokerage from 100% to 5%. In February 2020, KW had already introduced a more restrictive policy.

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Agents Brokerage Real Estate Business 370

Housing Wire

APRIL 17, 2024

The plaintiffs who signed the contract, however, sued a non-signatory parent company of the signatory brokerages, which “asserted liability based on the non-signatory’s relationship with its subsidiary.” Since it was not, HomeServices is unable to compel arbitration, the brokerage argued. The Supreme Court, however, did not agree.

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Contracts Brokerage Law Real Estate Agent 421

Housing Wire

OCTOBER 10, 2023

However, the CFPB said it found 51 errors in an initial review of 159 files in Freedom’s 2020 submission and asked the company to correct these inaccuracies. Boca Raton, Florida-based Freedom reported data on over 700,000 loan applications in 2020 and originated nearly 400,000 HMDA-reportable loans worth almost $100 billion.

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Brokerage Realty Real Estate Loan Officers 397