Housing Wire

DECEMBER 18, 2024

Dallas -based brokerage United Real Estate is expanding its footprint in the Midwest with a new merger. In a company statement, United Real Estate President Rick Haase expressed excitement about bringing SunWest operating principal and partner Jerry Braklow and his team into the fold. For Platinum, the merger is mutually beneficial.

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Brokerage Principal Branding Agents 382

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 455

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 Agents Technology 459

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

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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Brokerage Principal Technology Equity 418

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

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Brokerage Principal Renovation Agents 447

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 21, 2024

As we continue to invest deeply into providing our KW-affiliated brokerages support for the development of their team leaders and operating principals, we are excited to welcome Shanan, who will spearhead those efforts,” KW President and CEO Mark Willis said in a statement. “An

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Brokerage Principal Technology Agents 369

Housing Wire

NOVEMBER 14, 2024

Fast-growing brokerage SERHANT. Led by co-principals Annie Tran, Dewey Luong and Tiffany Powell, the Atlas team said that culture is one reason SERHANT. If recent additions are any indication, the brokerage is converting many of these inbound agent leads. continues to enter new markets. Atlas Group is coming over from Compass.

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Principal Brokerage Land Technology 370

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

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 428

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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Title Brokerage Loan Officer Principal 418

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

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

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 314

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

Housing Wire

FEBRUARY 27, 2024

who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. Douglas Elliman also cites lack of jurisdiction in its motion to dismiss, stating that Douglas Elliman International and Douglas Elliman Realty are holding companies that are not licensed as real estate brokerages in Missouri or elsewhere.

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Brokerage Principal MLS Industrial 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

DECEMBER 13, 2024

The Real Estate Standards Organization (RESO) is welcoming many new and returning board of director members in 2025. The organization announced its board of directors election results, as well as director and executive committee appointments in a release on Thursday.

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MLS Principal Technology Development 365

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.

MLS 448

MLS Principal Brokerage Agents 448

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

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

SEPTEMBER 28, 2022

Advisory and brokerage firm Prestwick Mortgage Group is out with three new mortgage-servicing rights (MSR) offerings for agency loan pools valued in total at $2.6 One of those MSR offerings involves a Ginnie Mae loan pool of 7,591 mortgages with valued at $2 billion based on the unpaid principal balance. Presented by: Branch.

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Marketing Principal Loans Mortgages 418

Housing Wire

MARCH 21, 2024

Also noting a spike in business was David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina. “I I’m working with a couple of brokerage firms on a multipart agent training series,” Frank Borg, a Seattle -based originator with Fairway said in a February interview. to 374,” RMI said. (up to 358 loans).

Mortgages 458

Mortgages Loans Equity Principal 458

Housing Wire

APRIL 24, 2024

Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. With the right ambassador, that task is made simpler. My goal is to activate some of those.”

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Mortgages Loan Officer Principal Loans 445

Housing Wire

JULY 1, 2024

Prior to that venture, Kaufman was a vice president and principal of a luxury residential real estate marketing firm. “I am honored to join this esteemed organization synonymous with luxury and excellence and am eager to contribute to the brokerage’s continued success,” Kaufman said in a statement. “I

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Principal Residential Development Sales 435

Housing Wire

AUGUST 14, 2020

Lessinger is a founding principal and broker/owner of RE/MAX Realty in Nevada, having built a team of 130 agents in three offices over the span of 22 years. For the last 16 years, the brokerage ranked as Northern Nevada’s highest-producing real estate office by agent activity.

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Lending Principal Industrial Development 387

Housing Wire

OCTOBER 30, 2024

Brokerage founder and CEO Robert Reffkin laid his firm’s plans for the future bare during its third-quarter 2024 earnings call with investors and analysts on Wednesday. Compass ’s plan for future success? Become a hub for real estate listings. Listing inventory remains the lifeblood of the residential real estate marketplace,” Reffkin said.

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MLS Brokerage Principal Agents 345

Housing Wire

SEPTEMBER 26, 2023

The team of three, led by principal Liz Quinn, was previously affiliated with Realty Executives. Realty Group hopes to leverage the Compass client referrals network, along with the brokerage’s strategic support and end-to-end technology platform. “Our Quinn & Co. We are thrilled to welcome Quinn & Co. Quinn & Co.

Principal 435

Principal Technology Agents Industrial 435

Housing Wire

APRIL 1, 2024

The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. The annual investment volume in the U.S. And that has already started to happen,” Craft said.

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Equity Finance Purchase and sale agreement Investor 468

Housing Wire

AUGUST 21, 2023

In the same filing, RE/MAX announced that it had let go of Adam Grosshans, the firm’s principal accounting officer, as part of the reorganization. She was also appointed as RE/MAX’s new principal accounting officer. Denver -based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday.

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Principal Technology Agents Design 370

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