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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Housing Wire

MAY 13, 2024

Today, we have significantly added to our presence in the Southeast, welcoming the top brokerage in Tennessee,“ Reffkin said in a statement. In 2023, Park Real Estate agents closed 9,776 transaction sides for a total of $6.245 billion in sales volume, making it the No. 1 brokerage in the state by sales volume and the No.

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Brokerage Branding Agents Closing 365

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Each LO is closing 12 loans per month with an eventual goal of 15 to 20. ”

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Lending Brokerage Loan Officer Loans 438

Housing Wire

APRIL 24, 2024

Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I The brokerage models have to adapt,” Saunders said. The way Saunders views it, today’s consumers are more savvy.

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Brokerage Staging Agents Industrial 384

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 Branding Agents 400

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 Lamacchia Realty is expanding its presence in the Pioneer Valley region of Massachusetts. Based in Waltham, Mass.,

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Brokerage Branding Agents Sales 445

Housing Wire

AUGUST 23, 2024

Worth Clark operates in 18 states and is ranked as the 39th-largest independent brokerage in the country. But Michaelis also doesn’t believe that the settlement-mandated changes will affect what the brokerage does in the market. “I I think evidence can be seen in our transaction growth.

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Brokerage Property Management Agents Industrial 366

Housing Wire

APRIL 8, 2024

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

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Brokerage Agents Technology Sales 344

Housing Wire

MARCH 18, 2024

Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as real estate agents continue the trend of switching brokerages at a faster rate than 2023. Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted. respectively.

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Brokerage Agents MLS Closing 330

Housing Wire

FEBRUARY 2, 2024

Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida -based title fi r m Citrus Closing Group , according to an announcement on Thursday. “We Citrus Closing Group serves clients in the Florida counties of Lake Seminole, Osceola, Orange, and Brevard.

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Housing Wire

AUGUST 6, 2024

17 implementation deadline for these changes, brokerages like eXp are finding themselves sorting out their forms. As the largest brokerage in the country by transaction sides in 2023, Pareja said it made sense for eXp to create its own forms. And as the clock continues to count down to the Aug.

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Brokerage MLS Agents As-is 448

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 360

Housing Wire

AUGUST 25, 2024

With technology changing faster than new agents answer phone calls, choosing the right real estate brokerage software can sometimes feel like a full-time job. Here’s why: Good software might help your brokerage stay afloat in a post-lawsuit market. The looming chaos from the commission lawsuits sure isn’t helping.

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Brokerage Branding Agents MLS 358

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 363

Housing Wire

DECEMBER 11, 2023

In 2014, Bentley started his team at RE/MAX with Christie and four other agents, by 2016 the team had expanded to 10 agents and in 2018 they transitioned from a team to an independent brokerage, Bentley’s Real Estate. According to the release, the firm closed more than $350 million in volume in 2022. “We

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Closing Brokerage New Construction Agents 402

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 Commercial Property Management Branding 359

Housing Wire

SEPTEMBER 5, 2024

Access your growth playbook From the pandemic-fueled frenzy to the sobering reality of a post-pandemic slowdown,, real estate brokerages were locked in a relentless quest for growth—eager to expand market share while trimming operational fat. However, RealTrends GameChangers defied the odds and outperformed their peers.

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Brokerage Residential Closing Agents 319

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. These four brokerage companies did just over $20 billion in residential gross commission revenue, which shows steady growth in a down market,” said RealTrends Senior Advisor Steve Murray. “In of all Realtors.

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Brokerage Branding Agents Sales 383

Housing Wire

AUGUST 2, 2024

But when it comes to the financial performance of their brokerages, industry analysts don’t believe the changes will be the end-all, be-all. “It But an advantage could potentially be given to brokerages that put concerted effort into helping their agents be more efficient and productive. 17 — are top of mind. Tomasello asked. ”In

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Brokerage Agents Industrial Technology 367

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 417

Housing Wire

FEBRUARY 15, 2024

As a result, the docket was listed as closed as of Thursday morning before being reopened at midday. The plaintiffs’ original motion to stay the litigation only discussed doing so for the brokerage defendants. Like the brokerage defendants, MLS PIN has also reached a settlement agreement with the plaintiffs in the Nosalek suit.

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Closing MLS Brokerage As-is 359

Housing Wire

APRIL 10, 2024

Some institutions did not provide the services they listed to examiners, such as helping the borrower clear credit problems or participating in loan closings—professionals did not attend the closing meetings or infrequently participated via phone.

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Banks Brokerage Mortgages Loans 355

Housing Wire

AUGUST 1, 2024

The company has added independent brokerage Delhougne Realty Group , a St. Despite recent additions, eXp’s agent count has dropped to 87,111, down 1% year over year, although the company noted that 75% of the agents who left recently didn’t close more than two deals. eXp Realty is expanding its footprint in Missouri. ”

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Brokerage Agents Design Closing 312

Housing Wire

OCTOBER 31, 2024

The family-owned brokerage firm announced the completion of two acquisitions on Wednesday. According to Howard Hanna, Alliance Group closed over $140 million in sales volume in 2023. It has already been a busy week for Howard Hanna Real Estate Services (HHRES) and it is only Thursday. The firm is led by Jeff Owens.

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Brokerage Agents Closing Sales 324

Housing Wire

NOVEMBER 21, 2024

In this article, we’ve gathered 30 real estate text message scripts designed to help you connect with leads, nurture relationships, and get more deals to the closing table this coming year. Use my well-worn, proven scripts below to build connection and close more deals. I can help make the process smooth and profitable.

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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. billion in closed sales volume in 2022.

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Brokerage Agents Closing Industrial 331

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. million in cash paid on the closing date, $1.5 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

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Brokerage Mortgages Technology Branding 349

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. And why not? Instead, they’re leaving money on the table.

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Commercial Brokerage Due diligence Title 379

Housing Wire

SEPTEMBER 13, 2024

Ryan Serhant and his brokerage SERHANT. HousingWire real estate reporter Jeff Andrews sat down with Serhant to talk about the show, how it changed his life and the brokerage, and what he sees coming in the industry following the commision settlement by the National Association of Realtors (NAR). and you did it anyway.

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Brokerage Branding Agents MLS 320

Housing Wire

MARCH 18, 2024

They could look at a listing and know what they were going to get paid if their client’s deal closed, and now that is not going to be how it works.” “I don’t think they really understand what is going on and what is going to be required of them,” Danzey said. “I There is a little bit of a cramming session right now for agents,” Edgerton said.

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Industrial Brokerage MLS Agents 408

Housing Wire

OCTOBER 23, 2023

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Clean data vs. dirty data So what data should be clean? Data cleanliness can make or break a transaction!

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Due diligence Brokerage Staging Agents 348

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

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Brokerage Agents Branding Land 353

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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Industrial Seller concession Purchase and sale agreement Agents 513

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. .”

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MLS Brokerage Residential Technology 482

Housing Wire

NOVEMBER 1, 2024

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. So, let’s start with the basics: What is a real estate broker vs. an agent? Let’s dive in!

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Agents Brokerage Purchase and sale agreement Commercial 440

Housing Wire

DECEMBER 23, 2024

“The facts are clear data shows one third of consumers with a loan application already in progress with Rocket Mortgage, before contacting Rocket Homes, chose to close with a different lender. . The Jason Mitchell Group is also implicated in the alleged violations of the Real Estate Settlement Procedures Act (RESPA).

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Brokerage Mortgages Agents Closing 407

Housing Wire

APRIL 19, 2024

The recent commission lawsuits have had a profound impact on real estate agents and brokerages as they face increased scrutiny and pressure to provide more transparency in their commission structures and potential conflicts of interest. Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024.

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Brokerage Branding Agents Industrial 448