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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 392
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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 421
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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*. The Lamacchia Realty market share county-wide is very strong. Laurie Howe Bourgeois ranked as the number one REALTOR® in both Leominster and Fitchburg for 2022.

Realty 65
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Keller Williams and Kaplan launch real estate school

Housing Wire

Franchise real estate brokerage Keller Williams announced Tuesday that it is partnering with educational and test prep services platform Kaplan to create the KW School of Real Estate (KSCORE). While Kaplan has had their own program for years now, this is the first time they have partnered with a real estate brokerage.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

My name is (your name), and I’m a licensed real estate professional with (your brokerage). For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage). Dear (first name), I’m (your name), a local real estate professional with (brokerage). Great news!

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What mortgage lenders need to know about wholesale

Housing Wire

As the top mortgage lender, we are always building, growing and improving broker tools on a daily basis. For this reason, we’ve seen a lot of retail LOs make the transition over to the wholesale channel by joining a mortgage brokerage. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

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Real estate brokers, it’s time to audit your tech spending

Housing Wire

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. Further, you’ll find that it’s the most valuable tool that brokers provide to their agents. That might mean sitting through some training videos.