article thumbnail

Brokerage executives double down on their lead generation strategies

Housing Wire

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. Anthony Djon, CEO of Anthony Djon Luxury Real Estate , said his company gets 90% of its leads from listing portals Zillow and Realtor.com.

Brokerage 330
article thumbnail

Nevada real estate firms hit with second commission lawsuit

Housing Wire

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: Real estate brokerage consolidation opportunities abound

Housing Wire

Rather than belabor the kick in the teeth this industry is feeling, I’d like to bring attention to the other side of the coin that has some real estate brokers licking their chops. During this time, we ( RTC Consulting ) have come to grips with various certainties prevalent in residential real estate.

article thumbnail

Subtle shifts in real estate agent dynamics in March: Relitix

Housing Wire

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The broader impact of the National Association of Realtors (NAR) settlement is still unfolding.

article thumbnail

Lamacchia Realty acquires family brokerage of NAR President Kevin Sears

Housing Wire

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears.

Realty 417
article thumbnail

Opinion: Is the industry positioned for a mass exodus of real estate agents?

Housing Wire

In the wake of the recent NAR settlement , coupled with persistently sluggish home sales and high interest rates , real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing.

article thumbnail

The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

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 Umpa suit is the only commission lawsuit in which Real has been named as a defendant. The brokerage will pay $9.25 The Real Brokerage closed $14.4

Brokerage 361