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.

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?

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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.

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.”.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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

RE/MAX Gold Nation’s James O’Bryon on growing a top real estate brokerage

Housing Wire

JO James O’Bryon: Historically, a brokerage in our industry was a single woman or a single man on an island attempting to drive a company. The post RE/MAX Gold Nation’s James O’Bryon on growing a top real estate brokerage appeared first on HousingWire.

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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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. .

Top Brokerages 2021

Mortgagebroker News

CMP celebrates 38 brokerages that have established themselves as the finest in the Canadian mortgage industry

Side’s Hilary Saunders: An inside look at the alternative brokerage model

Housing Wire

The post Side’s Hilary Saunders: An inside look at the alternative brokerage model appeared first on HousingWire. It was a sunny and extremely humid Thursday morning.

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

FSRA warns of unlicensed brokerage in Ontario

Mortgagebroker News

None of the brokerage's channels have been approved by regulators

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.

Building a better brokerage

Mortgagebroker News

Christine Xu, president and owner of MoneyBroker Canada, tells CMP about her eventful career in mortgages – and some of the unique factors that give her boutique alternative brokerage its edge

How did brokerage giants RE/MAX and Keller Williams fare in the second quarter?

Housing Wire

Brokerage giants RE/MAX and Keller Williams announced second-quarter numbers Friday, reflecting a business environment that had its share of ups and downs as a result of COVID-19. The post How did brokerage giants RE/MAX and Keller Williams fare in the second quarter?

Revealed – Canada’s top mortgage brokerages

Mortgagebroker News

Find out which brokerages across the country emerged as the best in the business

Insurance fintech and Calgary brokerage cement alliance

Mortgagebroker News

The partnership will allow consumers to find their desired mortgages and insurance rates simultaneously

Top Brokerages: Entries now open

Mortgagebroker News

CMP is shining the spotlight on the best brokerages in Canada

Fintech brokerage, platform announce partnership

Mortgagebroker News

The connected platforms promise a secure, streamlined user experience

Final week to showcase top-performing brokerages

Mortgagebroker News

Top Brokerages entries close this week

@properties looks beyond Chicago with Christie’s deal

Housing Wire

On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage.

How to Change Real Estate Brokerages

CA Realty Training

How to Change Real Estate Brokerages. Are you thinking about switching brokerages? Switching brokerages is not unusual in the real estate industry. Steps to Change Real Estate Brokerages. Not every brokerage can meet your needs. Call new brokerages.

Celebrating success in large brokerages

Mortgagebroker News

The country's top brokerages discuss proven tips for building and managing a growing business and how they have found success and built strong client relationships in such a competitive market

Scott Durkin named CEO of Douglas Elliman

Housing Wire

To stay up to data on real estate brokerage news, please check out RealTrends’ BrokerSource newsletter. Durkin will continue to lead the brokerage , its operations, technology initiatives, and strategic growth efforts across the United States.

Major fintech announces partnership with brokerage

Mortgagebroker News

These alliances are becoming more important, fintech says

Digital brokerage nesto appoints new executive

Mortgagebroker News

The new executive will be responsible for marketing and communications

Compass records $100M net loss in Q3

Housing Wire

Despite a net loss of $100 million in the third quarter of 2021, Compass CEO Robert Reffkin said he was thrilled with how the brokerage had performed. “I Also trending down from the second quarter is the brokerage’s market share which fell to 5.4%

How to build a mortgage brokerage from scratch

Mortgagebroker News

For one top professional, there was a clear focus

Newbie Agent 101: How to Choose a Real Estate Brokerage

BiggerPockets

Here, we walk you through the ins and outs of choosing a brokerage that suits you—and your career. Real Estate Investing Basics agenting brokerages business-comm business-managementPassing the exam is just step one.

Douglas Elliman to remove the cigarette and hot dog shackles

Housing Wire

Luxury real estate brokerage Douglas Elliman is going to be spun off from its parent company Vector Group , the owner of discount cigarette brands and Nathan’s Famous hot dogs. Lorber also said the new structure would help attract employees and acquire brokerages in target markets.

Expansion-obsessed eXp reports $80M in Q3 profits

Housing Wire

The cloud-based brokerage recorded $1.1 The brokerage on Wednesday also announced that the launch of its residential lending joint venture Success Lending with Kind Lending, LLC has been approved in Colorado, Illinois and Tennessee. The brokerage was the fourth-largest in the U.S.

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