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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. Nearly three-quarters of Hispanic and Black sellers reported that their agent recommended using a private listing network, compared to only 24% of white sellers.

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The Real Brokerage continues its expansion tear in California, Florida

Housing Wire

The Real Brokerage is a already a top 10 company in terms of transaction volume and sides and it continued its growth this week in two of the nation’s most populous states. Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. billion.

Brokerage 397
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Brad Clayton, Steve Murray launch FIJI MarketPlace for brokerage valuations

Housing Wire

The industry veterans describe it as an AI-driven platform for real estate team and brokerage valuations and sales. FIJI is the future of real estate brokerage valuations and M&A. Im also excited about the new FIJI AI tools that will give brokerages ongoing advice and support to reach their goals, Murray said in a statement.

Brokerage 341
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FirstTeam begins national expansion, introduces new agent compensation plan

Housing Wire

FirstTeam , an independent real estate brokerage based in Southern California , has begun its national expansion by opening new offices in Idaho and Washington , with plans to establish operations in Arizona , Nevada , and Oregon. Founded in 1976, FirstTeam operates more than 46 offices with 2,200-plus sales agents.

Agents 370
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Douglas Elliman fires brokerage CEO Scott Durkin

Housing Wire

The New York Times reported that Richard Ferrari, who previously managed Douglas Elliman’s brokerage sales and operations in New York and the Northeast, has been named CEO of Douglas Elliman Realty. He was named CEO in 2021 after being selected by Lorber and Dottie Herman, Elliman’s previous CEO.

Brokerage 434
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Real estate agents absolutely worth it, new consumer survey says

Housing Wire

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. Of the 73% who said they preferred using agents, 67% believe traditional real estate agents are still the best option and 6% favor discount agents.

Agents 476
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World’s first AI real estate agent has already made $100M in sales

Housing Wire

Israeli startup eSelf AI has developed a technology that provides interactive AI real estate agents capable of answering questions and guiding prospective buyers through listings at any time. Porta da Frente Christies CEO Joo Clia told Fox Business that the firm has seen great results since live-testing the AI agent about a year ago.

Agents 345