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Housing Wire
APRIL 8, 2024
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 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.
Housing Wire
SEPTEMBER 28, 2023
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.
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Housing Wire
MAY 7, 2024
With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. With Pro Teams, a team or brokerage firm is able to maintain its own internal economics and commission models. million.
Housing Wire
NOVEMBER 29, 2023
A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.
Housing Wire
APRIL 2, 2024
Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.
Housing Wire
FEBRUARY 1, 2024
Most importantly, your website should be designed with prospective clients in mind, giving them the exact information they need and steps to get in touch. Remember — your prospective clients are glancing through dozens of agents’ websites. Then acknowledge their pain points by showing exactly how you can help them.
Housing Wire
JANUARY 31, 2024
A jury ruled that NAR and various real estate brokerages conspired to stabilize or increase commissions and used the NAR’s cooperative compensation rule as a vehicle to do it. The internet can be a tool, but it is not a replacement for the essential services agents who are Realtors provide.
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