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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 377
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Husky Homes team expands Compass’s Wisconsin presence

Housing Wire

“With access to cutting-edge tools like Performance Tracker, Compass AI , and the innovative Compass Collections, we are poised to enhance our client experience and deliver unparalleled service through the industry’s leading technology platform.” The team specializes in buyer and seller representation as well as new construction.

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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 402
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Opendoor partners with eXp Realty

Housing Wire

Through the partnership, Opendoor will be the primary cash offer solution powering eXp’s ExpressOffers platform and will provide integrated API tools. With this integration, eXp agents will be able to request a cash offer on qualifying homes on behalf of their clients directly through their eXp agent dashboard.

Realty 443
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The Real Brokerage snags top Phoenix team

Housing Wire

Newman and his team serve clients in Phoenix, Scottsdale , Paradise Valley and Southeast Valley. According to the release, his team closed nearly 500 transaction sides worth roughly $300 million in sales volume in 2022. “We million loss posted in Q2 2022. million and a net loss of $3.97

Brokerage 357
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 466
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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

We were completely blown away by the tools and technology and the culture of RE/MAX,” Owen Boone, RE/MAX Foxfire’s vice president and director of operations, said in a statement. RE/MAX Foxfire has 165 agents , who collectively closed nearly $400 million in sales volume in 2022, according to the brokerage.

Brokerage 397