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Top indie brokerage John L. Scott acquires Sterling Johnston Real Estate

Housing Wire

West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate , based out of Redmond, Washington. The acquisition brings 43 additional agents to John L. 17 in RealTrends’ latest brokerage rankings with $11.1

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Illinois homebuyer files commission lawsuit against @properties

Housing Wire

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

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7 ways to avoid being a ‘broke’ real estate broker

Housing Wire

For many real estate agents, a logical step on their path of professional development is becoming a real estate broker, then working as either a managing broker or a broker-owner. Perhaps you’ve developed specialized expertise that would allow your brokerage to dominate a specific niche or market segment.

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How Much Does the Average Real Estate Agent Make?

McKissock

If you’re considering switching careers to real estate, you might be wondering, “how much does the average real estate agent make?” We surveyed real estate agents across the country to learn what their annual earnings are, and what factors impact how much money they make.

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Redfin makes its big rental play with RentPath acquisition

Housing Wire

After a deal to be acquired by CoStar Group fell through due to antitrust objections from the federal government, real estate brokerage and listings portal Redfin has scooped up the Atlanta-based rental platform. ” Here’s how to find property owners ready to sell. It looks like RentPath will be sold after all.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

Because the larger brokerage firms, historically, tend to represent more buy side than sell side, they “may be looking at a big loss of revenue,” says Murray. ” So, he recommends brokeragesmanage their companies away from a sales office-based culture.” “He got up to 20% to 30%, as I recall.”

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United Real Estate expands North Texas footprint through M&A

Housing Wire

Bearden will serve as CEO of the merged firm and Brenda Cole a co-owner of United will serve as the manage broker. “We We built our brokerage from the ground up and knew we wanted to expand further for our agents and clients. With the support of the sixth-largest national brokerage in the U.S.,