Remove Brokerage Remove Closing Remove Principal
article thumbnail

What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met. An agent may also be present at closings to review closing documents and help guide their client through the final steps.

Agents 448
article thumbnail

Is Compass already winning the war against Clear Cooperation?

Housing Wire

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.

MLS 293
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real estate teams beat brokerage firms in profitability

Housing Wire

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.

Brokerage 397
article thumbnail

Howard Hanna closes third acquisition in three months

Housing Wire

On Wednesday, the family-owned brokerage announced its acquisition of Ohio -based Home Experts Realty. “Theyve built a brokerage that values its agents like family, and we are thrilled to welcome them into ours. . “Theyve built a brokerage that values its agents like family, and we are thrilled to welcome them into ours.

Closing 370
article thumbnail

Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

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.

article thumbnail

Serene Smith leaves COO role at RE/MAX

Housing Wire

More executive changes are afoot at franchise real estate brokerage RE/MAX. Serene Smith, the chief of staff and chief operating officer at RE/MAX Holdings , has transitioned to a non-executive, part-time role at the brokerage. He noted that the average RE/MAX agent closed 11.8

Principal 491
article thumbnail

Ryan Serhant talks life after Netflix and brokerages in a post-settlement world

Housing Wire

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). At this point, we’ve gained, I think, 1.3

Brokerage 433