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Opendoor launches… a brokerage?

Housing Wire

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. You will be able to service more buyers and sellers every year by being able to offer products no other brokerage can.”.

Brokerage 416
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Real estate brokerage Radius unveils mortgage-lending arm

Housing Wire

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year.

Brokerage 341
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UMortgage to acquire brokerage firm NXT ?

Housing Wire

Philadelphia-based UMortgage struck a deal to acquire Dallas-based NXT Mortgage , the companies confirmed to HousingWire. UMortgage is bringing NXT’s assets, technology, and people in-house, including its founder and president, Tyler Hodgson.

Brokerage 370
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Movement Mortgage acquires brokerage Superior Rate

Housing Wire

South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The post Movement Mortgage acquires brokerage Superior Rate appeared first on HousingWire.

Brokerage 396
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Can real estate brokerages survive without mortgage?

Housing Wire

Real estate brokerages can survive, but only if they seriously invest in mortgage. So said members of a panel Tuesday on the evolution of the real estate brokerage during HousingWire Annual in Frisco, Texas. The post Can real estate brokerages survive without mortgage?

Brokerage 337
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Fast-growing brokerage Side enters NYC

Housing Wire

The real estate brokerage has not announced agent hires, but it has tapped a managing broker for the state in John Wollberg. Prior to that, Wollberg spent 12 years as managing director of another Park Avenue-located brokerage, Halstead Real Estate , according to his LinkedIn page.

Brokerage 314
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Rocket announces discount real estate brokerage

Housing Wire

Such are the ambitions of an array of companies today including Zillow and real estate brokerage Compass. The post Rocket announces discount real estate brokerage appeared first on HousingWire. Rocket Homes has plans to start iBuying – and discount real estate.

Brokerage 364
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Inside Look: RealTrends 2021 Brokerage Compensation Study

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where Steve Murray, senior advisor to RealTrends , and Tracey Velt, RealTrends editorial, as they give an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Brokerage 255
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Real estate brokerages embrace long-term remote work

Housing Wire

Brokerage executives are elated to see each other in person again. HW Media acquired RealTrends last year, and for most real estate brokerage heads RealTrends’ annual soiree was the first in real life since early 2020. The Broadmoor Hotel in Colorado Springs, Colorado.

Brokerage 419
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Canadian mortgage brokerage takes Rocket Mortgage name

Housing Wire

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. The post Canadian mortgage brokerage takes Rocket Mortgage name appeared first on HousingWire.

Brokerage 328
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Brokerage executives predict falling profits, economic decline in 2023

Inman

Brokerage Markets & Economy New Agent Select brokerage Delta Media Group fed inflation interest rates Michael Minard mortgage recession

Brokerage 137
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Warren Buffett’s boring, dominant resi brokerage

Housing Wire

But while Blefari has a clearly defined personality, the residential real estate brokerage he runs doesn’t. The post Warren Buffett’s boring, dominant resi brokerage appeared first on HousingWire. Gino Blefari, Berkshire Hathaway HomeServices of America CEO and chairman.

Brokerage 295
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A record year for real estate brokerage firms

Housing Wire

Capitalizing on these market factors, brokerage firms in the 2022 RealTrends 500 brokerage rankings broke records in market share, closed transaction sides (there must be inventory somewhere!) Before 2018, NRT, now Realogy Brokerage Group, maintained that top spot.

Brokerage 276
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Why brokerages and mortgage lenders are rushing into JVs

Housing Wire

In July, Dunn and Strei’s real estate brokerage eXp declared that it had formed a mortgage partnership, or joint venture, with the mortgage lender, Kind Lending. The post Why brokerages and mortgage lenders are rushing into JVs appeared first on HousingWire.

Brokerage 361
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Have you clearly defined your brokerage’s value proposition?

Housing Wire

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. for the largest brokerage companies in the United States. Another factor is that leading market-share brokerage ?rms

Brokerage 307
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HomeSmart snares prominent Atlanta brokerage

Housing Wire

Growing real estate brokerage firm HomeSmart announced Wednesday that it bought PalmerHouse Properties , an Atlanta-headquartered brokerage that has about 2,000 agents. How to Diversify Your Brokerage to Weather Economic Hardship. brokerages.

Brokerage 277
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Real estate brokerages: Tech won’t ruin us

Housing Wire

So began one of the more compelling panels at RealTrends’ “Gathering of Eagles” conference in Colorado Springs – “Intersection of tech and brokerage.”. Brokerages largely waved the white flag in building competing home listings sites.

Brokerage 347
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NEXA, the country’s biggest brokerage, cuts ties with AIME

Housing Wire

NEXA Mortgage, the largest mortgage brokerage in the country, this week cut ties with the Association of Independent Mortgage Experts ( AIME ), claiming the trade group fails to address bullying and lacks proper governance.

Brokerage 354
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Indie brokerages lead the way in 2022 NYC agent growth: Report

Inman

In the midst of one of the most confusing markets in recent history, New York City's independent brokerages led the way in agent count growth and retention — two metrics at the top of most leaders' minds as we inch closer to entering a mild recession.

Brokerage 137
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White-label brokerage Side achieves unicorn status

Housing Wire

San Francisco-based real estate brokerage Side announced Monday that they raised $150 million, ushering in a new phase for the four-year-old company. For example, top Beverly Hills luxury producer Ben Bacal started the brand “Revel Real Estate” under the Side brokerage.

Brokerage 319
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Mike DelPrete Intel exclusive: Big brokerages spar in race to cut costs

Inman

Brokerage Inman Intel Markets & Economy Opinion Anywhere brokerage compass douglas elliman eXp Realty mike delprete operating expenses real estate Redfin revenue technology transactions

Brokerage 131
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These brokerages topped the RealTrends 500 in 2020

Housing Wire

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. Top independent brokerage Howard Hanna/Allen Tate was involved in 105,455 transaction sides last year, good for $26.7

Brokerage 401
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Keller Williams, and brokerage’s diversity shortcomings

Housing Wire

King also replaces a white man, the abruptly departed Josh Team, and reports to another white man, Carl Liebert, the CEO of the brokerage’s holding company, KWx. These moves were orchestrated by another Caucasian male, Gary Keller, the brokerage’s co-founder and executive chairman.

Brokerage 311
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RealTrends 500: Keller Williams brokerages take 6 of the top 10 spots in 5-year movers

Housing Wire

The 2022 RealTrends 500 brokerage companies are breaking records. RealTrends has been the undisputed leader in the ranking of real estate brokerage firms, agents and teams. Agents/Brokers Brokerage Real Estate EXP Realty hwmember Keller Williams Realty RE/MAX Precision RealTrends 500

Brokerage 293
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Real estate teams beat brokerage firms in profitability

Housing Wire

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. When compared to brokerages, teams surveyed averaged $6.4 The largest brokerage firms averaged 7.4.

Brokerage 318
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Insurance brokerage Acrisure buys Tempo Title

Housing Wire

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business.

Insurance 243
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EXp CEO Glenn Sanford touts cloud-based brokerage model at ICNY

Inman

Brokerage Content Marketing Events Inman Connect Select eXp Realty glenn sanford ICNY ICNY23 inman connect Inman Connect New York inman events

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United RE Q2 explosive growth driven by tech, low-fee+ brokerage model

Housing Wire

In the past, when brokers thought about low-fee brokerage firms, they thought of low service. But, make no mistake, they are not a traditional brokerage model. ” Duffy says the company’s Bullseye Agent and Brokerage Productivity Platform is a true cloud-based system.

Brokerage 310
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Breakout: The Evolution of the Real Estate Brokerage

Housing Wire

The consolidation of real estate brokerage and mortgage services continues as both seek out ways to combine services to offer more to consumers. Real estate brokerages have long added core services to increase profitability. Now, mortgage firms such as Rocket and Better are adding real estate brokerage services. In this panel, we talk to real estate brokerage leaders about this evolution, competition from the mortgage side and what the industry will look like going forward.

Brokerage 183
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Howard Hanna acquires New York brokerage Rand Realty

Housing Wire

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City.

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Better.com to acquire UK-based digital mortgage brokerage

Housing Wire

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s

Brokerage 325
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How this real estate brokerage’s unique model generates more profit for agents

Housing Wire

For the well-prepared real estate brokerages, this holds a promising future. The fusion of technology, quick sales and incredible demand from the public have created a tsunami of discount-based brokerages trying to fill that public demand. If a volume-based discount brokerage cannot do all of these things, it may fail due to an inability to retain or recruit agents, lack of profitability, and poor customer service ratings. .

Brokerage 285
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These brokerages topped the Real Trends 500 in 2020

Housing Wire

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. Top independent brokerage Howard Hanna/Allen Tate was involved in 105,455 transaction sides last year, good for $26.7

Brokerage 245
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Survey: The Right Brokerage Could Triple Your Income

McKissock

Our recent survey found real estate agent income varies by brokerage type — so you can maximize your earnings by choosing a brokerage that’s more likely to boost your profits. Here’s what we know about how your brokerage can impact your bottom line. That depends on the brokerage.

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Lamacchia Leominster 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*. As a full-service, value-based brokerage, the company’s  mission is to guide REALTORS®, employees, and clients to their success.

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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*. As a full-service, value-based brokerage, the company’s  mission is to guide REALTORS®, employees, and clients to their success.

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Commercial brokerage company launches new service

Valuation Review

GPARENCY, a commission-free commercial mortgage brokerage, announced the launch of Broker Assist. This is a white label service for commercial mortgage brokers who need help securing and underwriting commercial property mortgages

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Brokerage uses VR to get consumers inside houses that haven’t been built yet

Housing Wire

based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. The post Brokerage uses VR to get consumers inside houses that haven’t been built yet appeared first on HousingWire. Urban District Realty , a Washington, D.C.-based

Brokerage 427
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5-Star Brokerages 2022

Mortgagebroker News

This year’s winning brokerages stand out not just for their impressive volumes but their ability to adapt to change

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Stacking the deck: Does choosing the right technology stack give your brokerage a competitive edge?

Housing Wire

And, of course, the brokerage down the street is already a customer (you’re told), so to remain competitive you need to buy it too. HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector.

Brokerage 343