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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 billion in sales in 2022 and will have to pay the Umpa settlement out of its own coffers.

Brokerage 378
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The Real Brokerage snags top Phoenix team

Housing Wire

Fast-growing firm The Real Brokerage is welcoming yet another top-performing agent to the company. Arizona-based David Newman and his 12-member team, David Newman Partners, are moving to The Real Brokerage, according to an announcement on Wednesday. million loss posted in Q2 2022. million and a net loss of $3.97

Brokerage 359
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Independent brokerage Keyes partners with data provider BHR

Housing Wire

Florida -based Keyes Company , an independent real estate brokerage , partnered with housing data aggregator BHR , the company announced Tuesday. The tool also comes with an AI-powered assistant, Aiden, which can answer any question on a property. The product can be used as a tool to generate client leads.

Brokerage 369
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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 399
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Just 36 real estate brokerages and teams made the Inc. 5000 in 2023

Housing Wire

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. based firms on percentage revenue growth from 2019 to 2022.

Brokerage 369
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SoCal indie brokerage Dilbeck Real Estate merges with Engel & Völkers

Housing Wire

Under the leadership of Mark Dilbeck, the company’s majority owner since 1998, the indie brokerage achieved $1.04 Dilbeck ranked as the 178th largest independent brokerage in America in 2022 and nine of its agents cleared $16 million in sales volume last year, according to our rankings. “As million in volume.

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Baird & Warner partners with data provider RealReports

Housing Wire

Illinois-based Baird & Warner , an independent real estate brokerage, partnered with proptech firm RealReports , the companies announced Tuesday. The tool also comes with an AI-powered assistant, Aiden, which can answer many questions about a property. “In Founded in 1855, the brokerage lays claim as the oldest U.S.

Brokerage 401