Housing Wire

OCTOBER 13, 2023

In both cases, our clients and Compass had to design new ways to structure the transaction to get a favorable outcome for all parties. Certainly, the expectations of brokerage firms did not change in terms of the multiple of EBITDA upon which valuations are based. We were honored to represent the owners of DPP in Pasadena, Calif.,

Real Estate 370

Real Estate Brokerage Valuation Sellers 370

Housing Wire

FEBRUARY 16, 2024

In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by their clients (homebuyers),” the complaint states. 16, 2020, and the present. This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 394

Real Estate Realtors Realty Brokerage 394

Housing Wire

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” Since it was not, HomeServices is unable to compel arbitration, the brokerage argued.

Contracts 369

Contracts Brokerage Law Real Estate Agent 369

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.” Despite waiving their right to pursue class litigation against HomeServices, the plaintiffs obtained a $1.8

Contracts 379

Contracts Brokerage Law Real Estate Agent 379

Housing Wire

NOVEMBER 28, 2023

With the residential real estate pendulum swinging from blissful exuberance in the second half of 2020 to extreme consternation for many today, brokers have had to pivot like never before. As such, it certainly feels like that pendulum is a labrys slicing through our brokerage firms. Retain and develop. Spend less money than you make.

Real Estate 394

Real Estate Brokerage Advertising Housing Market 394

Housing Wire

SEPTEMBER 13, 2023

The big difference One big difference, of course, is that valuations are down from where they were in 2020 to midyear 2022. This does mean that the value of nearly all of our clients is down from where they were 15 months or more ago. Unlike in the past, the variations in business models have made local combinations more challenging.

Real Estate 310

Real Estate Valuation Brokerage Property Management 310

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday. 28, 2023.

Mortgage 292

Mortgage Legal Advertising Loan Officers 292

Housing Wire

AUGUST 9, 2023

Scaling lead generation with AI In the fast-paced and competitive market we’re experiencing today, effective lead generation can be the make or break of a brokerage. Since 2020, Addressable has facilitated nearly $2 Billion in home sales across 44 states.

Real Estate Agent 363

Real Estate Agent Real Estate Agents Clients 363

Housing Wire

DECEMBER 16, 2020

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. Comparing Q2 vs Q3 2020, FundingShield found a 30% increase in fraud/risk exposure in CPL errors and issues.

Mortgage 388

Mortgage Loan Officers Brokerage Clients 388

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 285

Real Estate Agent Real Estate Agents Loan Officers 285

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. 2 brokerages in residential sales volume nationally – and bitter rivals.

Brokerage 293

Brokerage Real Estate Agents Clients 293

Housing Wire

NOVEMBER 23, 2021

Guaranteed Rate ’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the loan officer has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday. He finished 2020 with $1.7 He was one of about a half-dozen loan officers to clear $1 billion in volume in 2020.

Loan Officers 287

Loan Officers Brokerage Retail Clients 287

Housing Wire

FEBRUARY 12, 2024

9, 2020, and the present, and paid a buyer broker commission. If NAR’s Adversary Commission Rule were not in place, then the cost of buyer broker commissions would be paid by their clients (home buyers),” the complaint states. Despite being listed in the suit, the four MLSs are not listed as defendants.

Real Estate 413

Real Estate Real Estate Agent Realtors Buyers 413

Housing Wire

MARCH 22, 2021

The complaint, filed in early 2020, comes from two rival firms that claimed Modus committed various co-branding and social media violations. This could be a major setback for Compass, which announced new virtual real estate tools in April 2020 as a way to adapt to the changes COVID-19 made on the industry. In all, Compass has lost $1.1

Insurance 423

Insurance Real Estate Agent Brokerage Real Estate 423

Housing Wire

MARCH 4, 2024

We are pleased to partner with HousingWire to provide our members with comprehensive information about the housing market to use when assisting their clients,” said Matt Silver, Illinois Realtors 2024 President and partner and senior broker for Corcoran Urban Real Estate in Chicago.

Realtors 370

Realtors Real Estate Housing Market Brokerage 370

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. The company pays as much as 90% of a home’s expected value for the HomeLight Trade-In product, launched in 2020. The acquisition and funding comes as numerous real estate brokerages are issuing pink slips and halting expansion plans.

Brokerage 313

Brokerage Real Estate Lending Clients 313

Housing Wire

MAY 29, 2024

In 2020, real estate industry veteran Rainy Hake Austin took her decades of experience to The Agency , where she currently serves as president of the Beverly Hills, California-based brokerage firm. Our agents need to trust that we as a brokerage and that I as a leader are aware of what is going on.

Agents 311

Agents Real Estate Agent Real Estate Clients 311

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 328

Real Estate Brokerage Real Estate Agent Technology 328

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. He is alluding to Compass CEO Robert Reffkin, who failed to deliver on a stated goal to have 20% market share in 20 major American markets by 2020. They let agents keep 80% of each commission, while retaining 20% for the brokerage.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Of course, CAR is examining all of its options to make sure that data integrity and CAR’s high standards of privacy for its members and their clients are protected.”.

Agents 361

Agents Brokerage Real Estate Agent Realtors 361

Housing Wire

MARCH 25, 2021

HomeServices of America and Realogy Brokerage Group continue their run as the largest brokerages by transaction sides, according to the 2021 RealTrends 500 (RT500), an independently verified compilation of the nation’s leading residential real estate companies. million residential sales transactions in 2020.

Brokerage 285

Brokerage Real Estate Realty Clients 285

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. The day started with video depositions of four real estate brokerage executives.

Law 409

Law Agents Realtors Contracts 409

Lamacchia Realty

MAY 11, 2021

Lamacchia Obtains Brokerage License in Maine. It was announced during company updates on Wednesday that Lamacchia Realty is officially licensed as a brokerage in Maine! This means our Realtors can now expand their business and serve their clients in Maine- deals have already begun! Anthony Lamacchia. Broker/Owner.

Brokerage 69

Brokerage Realty Renovations Clients 69

Housing Wire

DECEMBER 12, 2023

The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. Of the brokerage defendants, eXp and Keller Williams were the only firms to comment on the new suit. 8, 2019, and the present.

Realtors 430

Realtors Sellers Buyers Real Estate 430

Housing Wire

NOVEMBER 5, 2020

The challenges our industry is facing in 2020 have inspired our team to work to refine and speed to market the models, systems and tools top agents need to win today,” Keller Williams President Josh Team said in a statement. 30, Keller Williams agents in the U.S. and Canada closed 374,824 transactions, up 16% over Q3 2019. Agents closed $127.5

Agents 424

Agents Real Estate Brokerage Tools 424

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. In the latest RealTrends 500 ranking , William Raveis placed ninth among real estate brokerages with $16.2 billion in closed sales volume in 2020.

Brokerage 402

Brokerage Real Estate Clients Insurance 402

Housing Wire

JULY 16, 2021

Kind Lending started in April 2020 with a focus on wholesale lending, after Stearns spent over two decades running his namesake mortgage firm, Stearns Lending. eXp, meanwhile, is following in the footsteps of not just Compass but most other national brokerages, including Realogy and HomeServices of America , that have their own mortgage arm.

Mortgage 387

Mortgage Lending Brokerage Agents 387

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner. For more information, visit getbuyside.com or email sales@getbuyside.com.

Valuation 291

Valuation Real Estate Agent Real Estate Clients 291

Housing Wire

FEBRUARY 14, 2022

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. Way back in the drab plaid of the 1970s, brokerages often classified agents as employees and offered them health care and pension plans. With a two-year-old, I couldn’t meet the quota,” she said.

Business 365

Business Brokerage Real Estate Agent Agents 365

Lamacchia Realty

JUNE 14, 2024

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

Realty 63

Realty Brokerage Clients Agents 63

Housing Wire

MARCH 25, 2021

Specifically, clients can use Brokermint to complete tasks in commission automation, accounting, agent management, and reporting and analytics. The integration allows BoomTown’s clients, at no cost, to create real-time performance leaderboards and other productivity tools. BoomTown was named a 2020 HWTech100 winner.

Advertising 205

Advertising Brokerage Clients Technology 205

Housing Wire

APRIL 3, 2024

Based on millions of federal and state records, the report states that 8,682 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, with a total value of at least $11.7 That was more than double the 3,831 brokers who sent at least 99% of their business to UWM in 2020.

Loan Officers 449

Loan Officers Mortgage Business Retail 449

Housing Wire

APRIL 1, 2021

Sudi Hernandez of Cloud 9 Real Estate Group loses leads when a client hears her Cuban accent. James Dunn of eXp Realty surprised a client with his answer to their question, “You’re white, right?”. million members in 2020 identified as Black, despite respondents having the option of identifying with more than one race.

Real Estate Agent 384

Real Estate Agent Real Estate Agents Open Houses 384

Housing Wire

NOVEMBER 10, 2020

The third quarter of 2020 was highlighted by our record-breaking financial results, driving the most profitable quarter in the company’s history by our continual focus on being the most agent-centric brokerage on the planet,” said Glenn Sanford, founder, chairman and CEO of eXp World Holdings. million, compared to $259.1

Realty 401

Realty Agents Real Estate Brokerage 401

Housing Wire

JUNE 5, 2023

Consumers get a lower rate , lower fees and an exceptional client experience when they work with an independent mortgage broker. As more consumers realize they can have cost savings and elite client service, the more they are going to seek out a local broker in their area. HW: How is broker market share trending?

Mortgage 351

Mortgage Retail Lending Loan Officers 351

Housing Wire

JANUARY 21, 2022

When the restaurant Tom Hunt worked at as a server temporarily shut down during the spring of 2020 due to the COVID-19 pandemic, he decided it was the right time to pursue his longtime desire of becoming a real estate agent. By the end of 2020 the organization’s membership had soared to 1.48 million members.

Agents 373

Agents Real Estate Agent Real Estate Clients 373

Housing Wire

FEBRUARY 16, 2024

According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients. Originally filed in 2020 in U.S. All of the brokerage defendants except for HomeServices of America have settlement agreements related to the suit.

Sellers 423

Sellers Buyers Real Estate Contracts 423