Housing Wire

MARCH 19, 2025

United Real Estate Richmond is the largest Black-owned real estate brokerage in America, founded by brothers John S Finn Jr. Virginia-based River City Blues Realty has merged with United Real Estate Richmond to form RVA Blue Realty , according to an announcement on Wednesday. and Jeffrey S Finn.

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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 448

Housing Wire

SEPTEMBER 22, 2023

The brokerage firm will be owned and operated by Jerry Mooty Jr., Romeo Manzanilla, a seasoned Austin brokerage leader, was appointed principal, chief operating officer, and broker of record for the new firm. He still serves as its CEO and principal. Prior to that position, Manzanilla led Texas operations for Compass.

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Brokerage Principal Branding Agents 435

Housing Wire

SEPTEMBER 28, 2020

based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. Over the last few months, iBuyers and brokerages alike have launched solutions to keeping business going during the pandemic, including virtual home tours , 3D home tours and hosting virtual open houses.

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Brokerage Principal Development Technology 544

Housing Wire

FEBRUARY 19, 2025

In his opening remarks during Compass s fourth-quarter 2024 earnings call on Tuesday, Reffkin said that almost half of the markets the brokerage operates in have stopped enforcing CCP, a rule implemented by the National Association of Realtors (NAR). That 24-hour window doesnt provide much benefit to a brokerage pursuing exclusive listings.

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Housing Wire

APRIL 22, 2025

His brother, Jeffrey Finn, serves as principal broker, Richmond BizSense reported. His brother, Jeffrey Finn, serves as principal broker, Richmond BizSense reported. It has grown from six agents to its current position as the largest African American-owned brokerage in the Mid-Atlantic, according to Finn.

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Brokerage Principal Agents Finance 221

Housing Wire

SEPTEMBER 29, 2023

The Paris-based brokerage is launching its Florida operation on Friday, marking its first expansion into the U.S. According to iad, the brokerage is the No. 1 brokerage by transaction sides in France, as well as No.3 According to iad, the brokerage is the No. 1 brokerage by transaction sides in France, as well as No.3

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Housing Wire

APRIL 22, 2025

The stakes are high for NAR and the real estate brokerages trying to determine the best way to proceed no one wants more litigation from class action plaintiff attorneys or renewed interest from the Department of Justice. What is CCP? Despite these restrictions, sellers and their agents are allowed to market the listing however they see fit.

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MLS Brokerage Days on market Industrial 270

Housing Wire

NOVEMBER 5, 2024

During an earnings call, executives told analysts that loanDepot is seeking more JVs with builders, real estate brokerages and retail lenders across the country. Regarding loanDepot’s servicing portfolio, the unpaid principal balance (UPB) increased to $114.9 Meanwhile, the company’s total revenues reached $314.6 billion on Sept.

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Purchase and sale agreement Equity Loan Officer Principal 397

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. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? Instead, they’re leaving money on the table.

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Commercial Brokerage Due diligence Title 448

Housing Wire

NOVEMBER 17, 2021

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. Broker Studies.

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Brokerage Branding Principal Agents 397

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 433

Housing Wire

NOVEMBER 19, 2024

At Corcoran McEnearney, Pejacsevich will serve as principal and chief operating officer, while Buzzelli will serve as chief strategy officer. The Corcoran Group is making moves in the Washington, D.C., metropolitan area. Through establishing a presence in a major city like Washington, D.C., area’s urban, suburban and rural communities.

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Principal Commercial MLS Branding 370

Housing Wire

JANUARY 10, 2025

Brown also served as managing director of sales for mortgage technology firm Black Knight , as chief revenue officer for Lift Strategic Partners and as principal for Brown Derby Consulting. Brown expressed excitement over his new role and said he intends to continue serving customers with new solutions.

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Principal Lending Development Mortgages 370

Housing Wire

AUGUST 16, 2024

Our team operates as a boutique group with a strong commitment to honesty, integrity, and making our clients’ days brighter with a touch of fun and a smile,” Denise Bodman, the group’s co-principal, said in a statement. The brokerage has been extremely aggressive in adding to its head count. billion in sales since 2018.

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Principal Brokerage Development Construction 448

Housing Wire

JULY 10, 2024

Brokerages know that the recruitment of real estate agents and teams is always competitive, and some have found it even more so in the wake of the National Association of Realtors ’ settlement that’s prompted agents to reevaluate their businesses. Today’s competitive landscape hinges on what a brokerage is looking for — and where.

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Brokerage Branding Principal Agents 457

Housing Wire

OCTOBER 15, 2024

Not only are Tal and Oren Alexander — the co-founders of Official Partners — under fire for an alleged string of sexual assaults , but the brothers are now facing a suit from Side , the white-label brokerage that powers their firm. The brokerage is also asking the court to issue orders requiring something of the Alexanders.

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Housing Wire

OCTOBER 3, 2024

The transaction involves the loan insurance firm Securent Risk Retention Group along with its data, brokerage and services business, Risk and Insurance Services. He previously worked with VineLight’s principals, Bryan Binder and Jason Garmise, at CastleLine , a provider of mortgage data and insurance products.

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Mortgages Principal Residential Brokerage 448

Housing Wire

NOVEMBER 7, 2023

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. million after the brokerage paid its commissions and related expenses. Revenue decreased by 10% year over year to $1.34

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Principal MLS Agents Brokerage 435

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement.

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Principal Brokerage Technology Agents 459

Housing Wire

FEBRUARY 17, 2021

Snapping up Alexander is part of a “national expansion plan,” said Chris Lim, president of growth at @Properties, with the Windy City brokerage eying a “half-dozen” franchise announcements in the coming year. How to Diversify Your Brokerage to Weather Economic Hardship. billion in 2019 sales, according to RealTrends.

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Housing Wire

JULY 2, 2024

Keller Williams made changes to its executive team on Monday, appointing Cody Gibson as its new vice president of KW MAPS Coaching and Rachel Elder as the new vice president of KW Cares , the brokerage firm’s 501(c)(3) charity that supports KW associates and their families. A true sense of family helping family exists here.”

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Commercial Principal Brokerage Agents 435

Housing Wire

NOVEMBER 7, 2023

63 among the 500 best brokerages by volume. “We We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. “We Carnegie Mortgage Partners’ office is in Ridgewood, New Jersey. In all, BCP agents notched $4.2

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Mortgages Principal Brokerage Lending 435

Housing Wire

NOVEMBER 15, 2023

Willis joined Keller Williams from Coldwell Banker in 1991, serving in multiple roles during his time with the brokerage. Treble damages could result in NAR and the defendant brokerages paying roughly $5.36 Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately.

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Brokerage Principal Industrial Agents 459

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 Last week, the brokerage announced in a Securities and Exchange Commission filing that it sought around $882 million from its initial public offering by trading 36 million shares at $23 to $26. Investors initially paid $21.15-a-share

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Brokerage Principal Loans Branding 431

Housing Wire

AUGUST 7, 2023

But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. billion, which the brokerage attributed to a 19% year-over-year decrease in transaction sides to 54,207, combined with a decrease in the average home sale price, as the brokerage’s gross transaction value dropped 26% year over year to $56.8

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Brokerage Principal Title Equity 370

Housing Wire

NOVEMBER 10, 2021

Despite a net loss of $100 million in the third quarter of 2021, Compass CEO Robert Reffkin said he was thrilled with how the brokerage had performed. “I Also trending down from the second quarter is the brokerage’s market share which fell to 5.4% One encouraging sign is that the brokerage’s revenue grew 47% year-over-year to $1.74

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Housing Wire

NOVEMBER 9, 2023

The brokerage already initiated a search process to find a replacement. Until a new CFO is appointed, Kent Cheng, eXp World Holdings ’ chief accounting officer, will serve as the eXp’s principal financial officer, the company said in a statement. Meanwhile, Whiteside, who was CFO for five years, will stay at the company until Dec.

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Principal Brokerage Agents As-is 434

Housing Wire

AUGUST 1, 2024

Training on forms has been a central focus of brokerages across the country. Agents in some states, or at some brokerages, are getting these lawyered-up forms thrown at them and no one is explaining to them how to answer questions from clients. Like the athletes in Paris, Realtors and brokers across the U.S.

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Agents Brokerage Principal Industrial 448

Housing Wire

SEPTEMBER 29, 2023

According to the brokerage, 6.5% The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306 , according to Black Knight ’s mortgage monitor report. homes for sale posted a price cut during the four weeks ending September 24, up from 5.8%

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Mortgages Principal Brokerage Finance 516

Housing Wire

DECEMBER 18, 2024

Over the weekend, broker-owner Steve Webster sent a note to his agents informing them that the brokerage was closing, according to a report by Boston 25 News. At this moment, we will no longer be accepting any new business, the note, which Boston 25 News obtained, read. Understandably, this is upsetting news to all.

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Earnest money deposit Principal Closing costs Brokerage 390

Housing Wire

FEBRUARY 27, 2024

Real estate brokerage Redfin revealed signs of progress in its fourth-quarter 2023 earnings report, signaling a potential turnaround after facing challenges earlier in the year. Fourth-quarter 2023 revenues at Redfin fell 2% year over year to $218.1 million, down from $222 million in Q4 2022. For full-year 2023, revenues fell to $976.7

Brokerage 448

Brokerage Principal Renovation Agents 448

Housing Wire

OCTOBER 21, 2024

On one side are brokerage leaders like The Agency founder Mauricio Umansky , who are firmly against CCP. “I Any brokerage firms today that say they want to give the seller more choice, they are fooling themselves that they have their own agenda. (Image generated by AI in Midjourney) With the Aug. Klein’s take is even more blunt.

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MLS Brokerage Industrial Agents 448

Housing Wire

MARCH 3, 2022

The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company. Indeed, most other brokerages either do not provide an adjusted EBITDA figure or give one at less variance to net income. Now, you don’t really hear about them.”. If Miller is right and Compass, after raising $1.5

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Brokerage Principal Agents Staging 370

Housing Wire

OCTOBER 24, 2023

In his testimony, Gansho stated that NAR does not conspire with brokerages on commissions, and he echoed Goldberg’s sentiment that brokerages do not follow and enforce the rule. Initially, Ketchmark tried to establish that NAR’s Clear Cooperation rule, which lies at the crux of the lawsuit, is in itself a conspiracy.

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MLS Principal Brokerage Agents 448

Housing Wire

JULY 18, 2023

In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. Rizo is coming to The Agency from Douglas Elliman. and Mexico.

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Agents Loan Officer Principal Brokerage 370

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

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Industrial MLS Brokerage Agents 476