Housing Wire

MARCH 29, 2024

Co-founded by Sean Soderstrom, Dan Breitbach and Joe Urciuoli, the proptech company sells an AI-powered software platform to help real estate brokerages with their recruiting efforts. Courted identified three main problems with how brokerages have historically recruited agents. The company has expanded to 50 markets in the U.S.

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Brokerage Agents Investor Technology 374

Housing Wire

MARCH 27, 2024

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. In 2023, Real recorded 48,905 sides, up 14,721 sides from 2022, and a sales volume of $21.2 billion, up $6.80 million on $689.1

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Brokerage Pre-approval Branding Agents 482

Housing Wire

MARCH 22, 2024

In real estate brokerage, growth is the name of the game and for 2024 (based on 2023 data), The Real Brokerage and The Agency are winning that game. Obviously, brokerages grow in a multitude of ways, with agent movement/recruiting being just one. Here are the Top Movers by transaction sides and sales volume.

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Brokerage Agents Industrial Sales 476

Housing Wire

APRIL 24, 2024

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. Dallas, too, is outpacing the rest of the country in office count, sale-to-list price ratio and average price per square foot, according to CoreLogic data shared exclusively with HousingWire.

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Brokerage Marketing MLS Mortgages 379

Housing Wire

JANUARY 22, 2024

Top-producing mega team PREMIERE Group is joining fast-growing firm The Real Brokerage , according to an announcement on Monday. His vision of building a tech-first, agent-centric brokerage aligns with our mission at Real. Additionally, the teamerage’s $180.853 million sales volume in 2022, earned it the No. million.

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Brokerage Agents Design Closing 460

Housing Wire

MARCH 27, 2024

Brokerages took notice, resulting in a surge in companies and office locations competing for their share of listings, according to CoreLogic multiple-listing service data shared exclusively with HousingWire. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

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Brokerage Construction MLS Land 433

Housing Wire

JANUARY 3, 2024

Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage is highly dependent on the recruiting, retention and production of independent contractor sales agents. approach to value.

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Brokerage Residential Industrial Agents 411

Housing Wire

APRIL 22, 2024

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

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Brokerage Purchase and sale agreement Title Industrial 395

Housing Wire

SEPTEMBER 19, 2023

The Real Brokerage continues to add to its agent count. Hettich got his start in real estate at a large national brokerage, while Théard has a successful career as an agent at a small local boutique firm. “By Lafayette, Louisiana-based District South Real Estate Co. has joined Real, according to an announcement on Tuesday.

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Brokerage Agents Sales 409

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Those fees are not insignificant, but if you have a sale a year, you can cover them, but why would someone on the fence want to risk it?”

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Brokerage Agents Industrial As-is 462

Housing Wire

JANUARY 26, 2024

But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants. The Brokerage Defendants also serve an essential role in the conspiracy by executing the conspiracy’s objectives on the ground,” the complaint states. “The

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Brokerage MLS Agents As-is 413

Housing Wire

MARCH 22, 2024

I’m sharing a transformative announcement with you today, one that marks a new era for RealTrends and propels forward the vision of bringing transparency to what it means to be a top-performing real estate brokerage, team or agent. In real estate and data alike, clarity and trust are paramount. We believe in a content and community flywheel.

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Brokerage Branding Agents As-is 433

Housing Wire

SEPTEMBER 13, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

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Brokerage Equity Agents Branding 429

Housing Wire

AUGUST 30, 2023

In the competitive world of real estate recruitment, brokerages fight for the attention and loyalty of talented agents who can drive their success. As the lifeblood of the industry, agents play an important role in attracting clients, closing deals and determining the ultimate profitability of a brokerage.

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Brokerage Branding Agents Closing 325

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. 166 nationwide in the 2024 RealTrends Verified sales volume rankings, after its agents closed $1.78 billion in sales volume in 2023. Based in Waltham, Mass., Lamacchia Realty was ranked at No.

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Brokerage Branding Agents Sales 448

Housing Wire

SEPTEMBER 27, 2023

“With this acquisition, we’ve positioned ourselves as Austin’s leading brokerage—our commitment to setting new standards and inspiring innovation for all our exceptional agents remains the top priority while honoring what Realty Austin and Realty San Antonio has built,” Rachel Hocevar, the president of Compass Texas, said in a statement.

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Brokerage Agents Branding Technology 430

Housing Wire

FEBRUARY 16, 2024

Path & Post Real Estate appointed Bekki Shae Smith to the role of managing broker, the Georgia -based boutique brokerage announced on Thursday. The team ranked third in the state for residential sales, posting $124,282,125 in volume. 2 spot in Georgia, according to RealTrends ’ 2023 America’s Best list.

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Brokerage Residential Sales As-is 395

Housing Wire

DECEMBER 8, 2023

As a result of this scheme, the purportedly non-negotiable commissions of buyer agents are rolled into the sale price of homes. While this lawsuit is certainly not the only one making collusion allegations against many of the large national brokerages, it has one of the more robust lists of local brokerages as defendants.

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Brokerage MLS Branding Agents 455

Housing Wire

SEPTEMBER 20, 2023

Compass’ brokerage firm recruiting efforts continue. Deasy Penner Podley , or DPP Real Estate is the latest boutique brokerage to affiliate with the national firm, according to an announcement on Tuesday. billion in sales volume, according to the release. Moving forward, the firm will be known as DPP @ Compass.

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Brokerage Agents Design Sales 384

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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Brokerage Branding Technology Agents 394

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

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Brokerage Industrial MLS Sales 451

Housing Wire

AUGUST 2, 2023

Daryl Owen , the founder of top California independent brokerage Nationwide Real Estate Executives , is joining eXp Realty and taking 200 agents along with him. In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday.

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Brokerage Property Management Commercial Branding 368

Housing Wire

AUGUST 30, 2023

Fast-growing firm The Real Brokerage is welcoming yet another top-performing agent to the company. Arizona-based David Newman and his 12-member team, David Newman Partners, are moving to The Real Brokerage, according to an announcement on Wednesday. He and his team were most recently brokered at Hague Realty in Scottsdale.

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Brokerage Technology Agents Industrial 353

Housing Wire

AUGUST 4, 2023

Redfin was in the red yet again in the second quarter , but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 million, down from $606.9

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Brokerage Sales Agents Closing 355

Housing Wire

AUGUST 25, 2022

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 acquisition is another step to boost its sales amid shrinking loan origination volumes. The terms of the deal were not disclosed.

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Brokerage Mortgages Loan Officer Loans 497

Housing Wire

OCTOBER 25, 2023

Florida -based Keyes Company , an independent real estate brokerage , partnered with housing data aggregator BHR , the company announced Tuesday. According to the 2023 RealTrends rankings of top real estate brokerages by sides, Keyes is ranked No. billion in closed sales volume in 2022. 38 with 12,458 transactions and $7.5

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Brokerage Agents Industrial Closing 364

Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Our brokerage is unique,” Michael Gifford told HousingWire. “It’s He observes that the company is betting on a reasonably quick sale, at an increased price, drawing from the “ever rising market” theory.

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Equity Brokerage Agents Marketing 394

Housing Wire

NOVEMBER 20, 2023

I decided to break down the numbers and look at brokerage economics. Last year, nationally there were slightly over 10 million transactions of existing homes sales. What we also know is that the average gross margin, the money that is retained by brokerage firms, is about 14% of gross commissions among all brokerage firms in the U.S.,

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Brokerage Branding Agents Industrial 366

Housing Wire

NOVEMBER 7, 2023

West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate , based out of Redmond, Washington. 17 in RealTrends’ latest brokerage rankings with $11.1 billion in sales volume across 16,502 transaction sides in 2023.

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Brokerage Property Management Agents Sales 324

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. 1 in sales volume to to the top of the list and retained their No. of all brokerage-controlled sales in the country, staying even with the 2022 rankings, with 35.9% Last year, Compass rose to No.

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Brokerage Branding Agents Sales 418

Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. Real estate brokerage is definitely not for the faint of heart. By the numbers Consider this: It’s estimated that there are currently about 125,000 brokerage firms in the United States. Most brokers are feeling the crunch.

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Brokerage Land Residential Agents 352

Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. The self-reported list ranks U.S. 186 spot on the Inc.

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Brokerage Title Agents Residential 368

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass.

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Brokerage Residential MLS Sales 505

Housing Wire

APRIL 4, 2024

Arizona -based brokerage LUXE Realty welcomed Jack Luciano and Raul Siqueiros as director of estates division and director of new development, respectively, the company announced on Thursday. The two real estate agents were formerly associated with The Agency Scottsdale.

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Sales Brokerage Development Agents 369

Housing Wire

APRIL 4, 2024

Ryan Serhant — the acclaimed real estate broker, media personality and serial entrepreneur — is moving beyond his career in real estate to delve into the broader arena of sales. Serhant has teamed up with former NBC News producer Kyle Scott to unveil SellIt, a sales training platform tailored for all types of entrepreneurs.

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Sales Brokerage Industrial As-is 298

Housing Wire

APRIL 23, 2024

“We believe adding 3D digital twins for Homes.com will increase the leads we deliver, increase customer satisfaction, increase renewal rates, increase sales and increase site traffic further.” In the first quarter, the sales team for Homes.com generated nearly $40 million in net new bookings.

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Sales Residential Branding Brokerage 334

Housing Wire

JANUARY 19, 2022

The real estate brokerage has not announced agent hires, but it has tapped a managing broker for the state in John Wollberg. Wollberg was most recently the executive vice president and managing director of sales and operations at Brown Harris Stevens , a Manhattan-based brokerage headquartered on Park Avenue. real estate.

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Brokerage Branding Residential Agents 395