Housing Wire

OCTOBER 28, 2024

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. Douglas Elliman continues to shake up its leadership team. According to the filing, Durkin was “terminated, effectively immediately.”

Brokerage 434

Brokerage Finance Investor Agents 434

Housing Wire

AUGUST 5, 2024

Brokerage stocks were especially mixed. The Real Brokerage and Anywhere fell by 5.2% The global stock selloff that began overnight in Asia rolled through U.S. markets on Monday as the S&P 500 and the Dow Jones Industrial Average fell by 3% and 2.6%, respectively. We’d argue that U.S. loanDepot rose 2.3% RE/MAX shed 4.7%

Brokerage 488

Brokerage Marketing Mortgages Technology 488

Housing Wire

SEPTEMBER 23, 2024

The Real Brokerage has expanded its footprint into the Richmond, Virginia , area. On its second-quarter 2024 earnings call, the brokerage reported adding almost 3,000 agents between April and June, up 70% from the same period last year and up 250% from Q2 2022. Real has been on a tear lately in adding agents.

Brokerage 448

Brokerage Agents Finance Technology 448

Housing Wire

SEPTEMBER 20, 2024

The nation’s largest brokerage by transaction sides is increasing its footprint. On Thursday, eXp Realty announced the affiliation of independent brokerage Grand Lux Realty. Founded in 2006 by Michael Levy, Grand Lux Realty is based in Westchester County, New York , and has more than 200 agents.

Brokerage 433

Brokerage Technology Agents As-is 433

Housing Wire

OCTOBER 9, 2024

If commission rates drop significantly as a result of the National Association of Realtors antitrust lawsuit settlement, it’s potentially an existential threat to many brokerages. That’s because many large brokerages still pay for office space and middle management. But which ones and how many? asked AccountTECH CEO Mark Blagden.

Brokerage 435

Brokerage Agents As-is Finance 435

Housing Wire

MARCH 6, 2025

The stagnant housing market has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. Another factor is Reals private-label program, which launched in 2024 and allows brokerage affiliates to keep their branding. It posted a net loss of $26.5

Brokerage 370

Brokerage Agents Loan Officer Technology 370

Housing Wire

SEPTEMBER 11, 2024

Velt starts the conversation by asking Carrion for background on his purchase of the brokerage. He plans to focus on M&A efforts with other brokerages, day-to-day sales, and the recruiting of new agents and other professionals to keep the momentum going. Carrion also leads the firm’s office sales and investment advisory group.

Brokerage 476

Brokerage Commercial Agents Branding 476

Housing Wire

JANUARY 14, 2025

When I started my first brokerage in my late twenties, I was full of ambition but had no idea what to expect. If your dream is to own your own brokerage and manage a team of top-performing agents, leading your team to success means much more than hanging a new license on your wall. Now you have to do some tedious stuff.

Brokerage 370

Brokerage Branding Agents Industrial 370

Housing Wire

SEPTEMBER 18, 2024

Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits. HomeSmart , Redfin , United Real Estate , Douglas Elliman , Realty One Group , At World Properties, Anywhere , RE/MAX , Keller Williams , Compass , HomeServices of America and The Real Brokerage.

Brokerage 448

Brokerage Agents As-is Finance 448

Housing Wire

OCTOBER 31, 2024

The family-owned brokerage firm announced the completion of two acquisitions on Wednesday. It has already been a busy week for Howard Hanna Real Estate Services (HHRES) and it is only Thursday. The financial terms of the deals are not being disclosed. The firm is led by Jeff Owens.

Brokerage 434

Brokerage Agents Closing Sales 434

Housing Wire

DECEMBER 19, 2024

As 2025 approaches, The Real Brokerage is heading into the new year with more growth-centered momentum. The digital brokerage platform announced another major affiliation this week to strengthen its presence in the luxury market. Real announced this week the affiliation of Urban Nest Realty , a Las Vegas -based brokerage.

Brokerage 397

Brokerage Agents As-is Industrial 397

Housing Wire

DECEMBER 9, 2024

In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Portside Real Estate Group CEO Dava Davin to discuss the importance of buyer consultations, brokerage leadership styles and ancillary solutions for brokerage growth in 2025. Velt: You are the sole owner of the brokerage.

Brokerage 366

Brokerage Title Industrial As-is 366

Housing Wire

FEBRUARY 3, 2025

Love them or hate them, profit share and revenue share real estate brokerage models appear to be on the rise, highlighted by the rapid ascent of both eXp Realty and The Real Brokerage over the past roughly 15 years. When an agent joins KW, they name a sponsor and each month part of their commission split is paid to their market center.

Brokerage 394

Brokerage Agents As-is Closing 394

Housing Wire

DECEMBER 4, 2024

While the commission lawsuits and the business practice changes outlined in the National Association of Realtors’ (NAR) settlement occupied notable portions of 2024 for The Real Brokerage , impressive organic growth is the firm’s true highlight of the year. I think 2025 is going to be another major growth year for us,” Poleg said.

Brokerage 397

Brokerage Title Technology Agents 397

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Publicly traded real estate software firm reAlpha Tech Corp. reAlpha agreed to pay Be My Neighbor an aggregate purchase price of up to $6 million. This consists of $1.5 million in cash paid on the closing date, $1.5

Brokerage 458

Brokerage Mortgages Technology Branding 458

Housing Wire

JANUARY 27, 2025

The duo explore the current state of mergers and acquisitions, team-based brokerage models, commission compression, and growth opportunities for agents and brokers. What we’ve seen mainly is the activity is now at the local level between local brokerage companies. Why can teams make it work so much better than a brokerage?

Brokerage 360

Brokerage Agents Industrial Closing 360

Housing Wire

OCTOBER 8, 2024

But as many as 200 real estate agents , brokerage firms and landlords are alleged to have violated this law by discriminating against applicants with federally subsidized Section 8 Housing Choice Vouchers, according to an undercover investigation conducted by the Housing Rights Initiative (HRI).

Brokerage 497

Brokerage Land As-is Agents 497

Housing Wire

DECEMBER 5, 2024

Processing is a big piece of what brokerages care about, so we have a copilot that we’re getting feedback on and plan to have six or seven copilots that will launch next year. We’ve trained our AI models to be extremely specific to help agents, brokerages and end customers as well. Sarah Wheeler: You founded MaxHome.AI in January.

Brokerage 370

Brokerage Staging Industrial Agents 370

Housing Wire

SEPTEMBER 10, 2024

With competition for online leads heating up, we think AgentFire’s brand-first approach can be a game changer for brand-conscious agents, teams and even boutique brokerages. Users seem to agree; AgentFire is rated above 4.8 stars on every major review platform. per month for 5 users + $1200 setup fee Growth package: $699.95

Brokerage 448

Brokerage Agents Branding Land 448

Housing Wire

NOVEMBER 1, 2024

Michele Harrington: After entering real estate sales right out of the Marine Corps , I built my own brokerage. The duo start the conversation by exploring Harrington’s path into the CEO’s role at FirstTeam. Six years ago, my whole company came over to FirstTeam. Over time, I became chief operating officer. Why is that?

Brokerage 395

Brokerage Branding Industrial Agents 395

Housing Wire

JANUARY 21, 2025

The moment felt surreal and inspiring for Chris Trapani and Ryan Iwanaga, co-founders of the Christie’s International Real Estate Sereno brokerage, as they repurchased their independence from @properties. Beyond that, the brokerage will now be the exclusive representative of Christie’s International Real Estate in the Bay Area.

Brokerage 370

Brokerage Branding Construction Agents 370

Housing Wire

AUGUST 26, 2024

Their brokerage firms, which rely on a split of those commissions for revenue, may also find themselves in a tough spot. Data from real estate accounting software provider AccountTech shows that brokerages with profit margins of 3% or less run the risk of falling into the red with even a minor decline in commission rates.

Brokerage 511

Brokerage Agents Industrial Banks 511

Housing Wire

JANUARY 6, 2025

According to the announcement, Chris will be tasked with providing strategic counsel on strengthening relationships, building trust and enhancing collaboration with brokerage leaders. NAR said this outreach will focus on creating an open dialogue with brokerage leaders and finding more opportunities to better support NAR members.

Brokerage 458

Brokerage Branding Industrial As-is 458

Housing Wire

OCTOBER 31, 2024

What has changed for real estate brokerages since then? 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. I’m hoping that this Halloween, when I’m taking my kids around trick-or-treating, it won’t be nearly as stressful,” Kelly said.

Brokerage 448

Brokerage Agents As-is Industrial 448

Housing Wire

OCTOBER 9, 2024

In its race against other brokerages to add agents, eXp Realty has scored big in California. Prime Real Estate Team is leaving the white-label brokerage Side and taking its 21 agents to eXp. eXp is one of a few national brokerages that are adding agents and teams at a rapid pace.

Land 448

Land Agents Brokerage As-is 448

Housing Wire

DECEMBER 2, 2024

Ryan Serhant ’s eponymous brokerage has been in rapid growth mode this year following the success of the Netflix show “Owning Manhattan,” and now investors want in on the action. Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE. Ryan and the SERHANT.

Development 418

Development Brokerage Technology Finance 418

Housing Wire

JANUARY 9, 2025

The Hooper commission lawsuit plaintiffs and the brokerage defendants that have reached proposed settlement agreements are looking to make things official. The four brokerages have agreed to business practice changes, as well as total payments of $44.05 Despite the criticism, eXp is not giving up without a fight.

Brokerage 418

Brokerage Residential Development As-is 418

Housing Wire

MARCH 10, 2025

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity. The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

DECEMBER 12, 2024

Leading real estate brokerage William Raveis is making another game-changing acquisition before the new year. This week, the firm announced the acquisition of Nantucket, Massachussetts -based brokerage Jordan Real Estate (JRE). Co-owners Gloria Grimshaw and David Callahan acquired the brokerage from founder Lucille Jordan in 2007.

Brokerage 369

Brokerage Agents Residential Technology 369

Housing Wire

DECEMBER 17, 2024

Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners , that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on. The federal charges against them claim that the behavior dates as far back as high school.

Brokerage 416

Brokerage Loans As-is Agents 416

Housing Wire

SEPTEMBER 26, 2024

Luxury agent Mike Mogavero is returning to the brokerage after a stint with The Agency. Reffkin said that Compass’s goal is to reach 30% market share in 30 targeted markets, although the brokerage has not yet disclosed which markets these are. In August, the eight-agent brokerage Prospect Real Estate Team moved to Compass.

Brokerage 434

Brokerage Agents Technology As-is 434

Housing Wire

OCTOBER 15, 2024

This is especially true when various MLSs, brokerages and agents are taking their own approaches to dealing with the business practice changes. As Sharran Srivatsaa , the president of The Real Brokerage , sees it, there are two primary agent camps right now. Some of them are throwing hissy fits with this.”

Brokerage 448

Brokerage Agents Industrial As-is 448

Housing Wire

DECEMBER 27, 2024

Whether youre running a large brokerage, managing a small team or working on your own, the right transaction management platform can take the worry out of compliance and lighten your workload. From managing compliance to automating commission disbursements, its built to grow with your brokerage.

MLS 397

MLS Brokerage Agents Technology 397

Housing Wire

MARCH 4, 2025

While Alabama-based brokerage leader Anna-Marie Ellison said she supports the state associations efforts, she also said her agents have not expressed concerns about signing a buyer representation agreement prior to touring a house with a prospective client. And that is positive.

Brokerage 395

Brokerage Agents As-is Banks 395

Housing Wire

JANUARY 22, 2025

The Housing Rights Initiative (HRI) is taking aim at 165 real estate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. Defendants in the suit include major brokerage companies such as Coldwell Banker , Christies International Real Estate , Keller Williams and Berkshire Hathaway Home Services Chicago.

Brokerage 418

Brokerage Agents As-is 418

Housing Wire

AUGUST 22, 2024

” The company noted that if it had “been allowed to compete with Defendants and their co-conspirators, it would have gained market share at Defendants’ expense while posing a competitive check on Defendants’ ability to charge exorbitant prices for brokerage services to consumers. .”

MLS 482

MLS Brokerage Residential Technology 482

Housing Wire

OCTOBER 17, 2024

In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a real estate agent trade group that aims to serve as an alternative to the National Association of Realtors (NAR). As an entrepreneur, Mauricio Umansky has displayed remarkable versatility. I think it’s going really well.

Industrial 459

Industrial Brokerage Branding Agents 459