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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 372
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Proptech startup Courted grows its roster of brokerage partnerships 

Housing Wire

Co-founded by Sean Soderstrom, Dan Breitbach and Joe Urciuoli, the proptech company sells an AI-powered software platform to help real estate brokerages with their recruiting efforts. Courted identified three main problems with how brokerages have historically recruited agents. The firm raised $6 million in seed funding in May 2022.

Brokerage 363
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2023 RealTrends real estate brokerage rankings show growth in low-cost firms

Housing Wire

2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. 4 with 355,627 transaction sides in 2022 to No. of all Realtors.

Brokerage 407
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Video marketing platform Roomvu launches in the U.S. 

Housing Wire

It was a part of the 2022 REACH Canada Cohort, a technology scale-up program backed by the National Association of Realtors (NAR). expansion comes after Roomvu’s successful launch in Canada in 2022. Backed by venture fund Second Century Ventures , Roomvu has been recognized as one of Canada’s 20 most innovative tech companies.

Marketing 388
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Compass snags two Chicago-based @properties brokers

Housing Wire

The top agents were previously at brokerage @properties. “We Her sales volume was of $25,146,500 in 2022. I’m excited to be working alongside the top real estate agents in Chicago and look forward to tapping into the Compass tools that are proven to scale agent business,” Hodge said in a statement.

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eXP’s Glenn Sanford is “concerned” about the commission lawsuit’s impact on buyers

Housing Wire

I actually started out as a buyer’s agent myself… and I see buyer’s agency as being a very valuable tool for buyers,” Sanford said during the Q&A session. million in Q3 2022). . million in Q3 2022). Across its 24 global markets, agent count grew 5% compared to Q3 2022 to more than 89,000 agents.

Buyers 379
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Lamacchia Realty Ranks #1 Brokerage in Leominster for 2022

Lamacchia Realty

Lamacchia Realty is proud to announce their ranking as #1 Brokerage overall in Leominster by closed transactions per MLSPIN Brokerage Market Share Report*. Ever since the doors opened in May of 2019 , top ranking titles have been achieved due to the hard work of our highly skilled REALTORS®. I am so proud of them all.

Realty 65