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

JULY 1, 2022

The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. There is a short-term (monthly) float of around 13 days between the average on-time payment of principal and interest to the day of remittance to the investor. The post MSR market closes June on $5.2B

Closing 369

Closing Marketing Loans Mortgages 369

Housing Wire

DECEMBER 18, 2024

SUCCESS Real Estate in the Greater Boston area suddenly closed up shop this week. 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. As the article notes, no one has been accused of a crime at this time.

Earnest money deposit 374

Earnest money deposit Principal Closing costs Brokerage 374

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. Second, a commission refund to customers who hire a Redfin agent after the first tour seems likely to increase home-buyer close rates in its first four pilot markets.

Brokerage 445

Brokerage Principal Renovation Agents 445

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% the month prior.

Mortgages 516

Mortgages Principal Brokerage Finance 516

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 at close of the New York Stock Exchange on Thursday. billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures. The New York City-headquartered company began offering shares Thursday morning.

Brokerage 421

Brokerage Principal Loans Branding 421

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. 17 implementation date, largely due to the training her brokerage has provided. “I

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Agents Brokerage Principal Industrial 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. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He closed $23 million in sales volume in 2022.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

NOVEMBER 1, 2024

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.

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Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

OCTOBER 24, 2023

This means sellers wind up paying inflated commissions at closing. 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. Rodney Gansho, NAR’s head of engagement, took the stand after Goldberg.

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MLS Principal Brokerage Agents 448

Housing Wire

APRIL 24, 2024

Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We We focus on sharing our knowledge with smaller brokerage shops seeking guidance, offering them a playbook for integrating our program into their business model.” We use ‘partner’ to group all these roles together.

Mortgages 441

Mortgages Loan Officer Principal Loans 441

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Industrial 435

Industrial Title Commercial Banks 435

Housing Wire

SEPTEMBER 20, 2023

People are trying to get their deals done before the end of the year, so what a lot of them will do is they’ll get their deals out now with the intention of closing the deal by November.” “The prime time for getting a deal in the market would probably be this month or next month. The buyer, according to industry sources, was Mr. Cooper.

Banks 435

Banks Loans Principal Investor 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. Turning point A turning point for the home equity investment market came with the closing of the first rated securitization of notes backed by HEAs in September 2023.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

JUNE 16, 2022

“Based on our conversations with clients, we believe many market participants will be pleased with the aggressive approach of the Federal Reserve, as there is some belief the Fed’s decision will more quickly bring stability to the home mortgage interest rate environment,” said Marty Green, principal at mortgage law firm Polunsky Beitel Green. .

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

NOVEMBER 16, 2022

The plug-and-play and brokerage routes. Another path to survival for some IMBs, according to Ludden, might be to convert to a brokerage operation. Some inform us that they will be closing the doors, while others are desperately trying to cut costs, even beyond what I think is probably feasible cost cutting.”.

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

JANUARY 7, 2021

Though this isn’t the first time the mortgage tech startup has worked closely with the government entities. According to the acquisition, the combined company will have close to 260 employees for the 3,700 financial institutions and mortgage organizations on its roster.

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Mortgages Lending Loans Investor 293

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. Broker Hussam Saada of Precision Mortgage closed about 60% of mortgages with UWM after the firm rolled out its new pricing initiative.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Realty Biz

JULY 1, 2022

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc. About Compass.

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Principal Development Brokerage Residential 87

Housing Wire

APRIL 27, 2023

billion in unpaid principal balance (UPB) as of March 31, up 2% from December 31. PFSI’s stock closed Thursday at $65.92, up 2.98%. .” The servicing segment pretax income was $57.4 million in Q1 2023, down from $75.6 million in the prior quarter and $225.2 million in the same period of 2022. Pennymac had $90.3

Principal 370

Principal Banks Loans Mortgages 370

Housing Wire

SEPTEMBER 10, 2020

Orchard , which operates a home buying and selling marketplace, has closed on a $69 million Series C round led by Revolution Growth. Upon closing, customers are able to move in when ready and won’t have to start paying a mortgage until their old home sells. Patrick Conroy, principal at Washington, D.C.-based

Title 317

Title Branding Principal Loans 317

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in New Jersey (NJ)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. But have you taken all possible closing costs into account? What are closing costs?

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Closing costs Closing Title search Inspection 103

RIS Media

JANUARY 15, 2021

What: Brokerages have been betting big on online lead gen to boost agent recruiting and retention. But with fewer than 1 percent of leads actually closing, is this really the best approach? Cristina Silva , principal broker of Real Estate by Referral, has worked in real estate for nearly two decades, starting out as a part-time agent.

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Closing Principal Brokerage Industrial 91

Housing Wire

FEBRUARY 8, 2024

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. As Principal Broker of Kukio Properties, she led the development’s sales team, representing discerning buyers and sellers who value excellence, knowledge, and personalized results.

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Agents Design Construction Branding 435

HomeLight

APRIL 30, 2022

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? The full-service real estate brokerage employs local agents to help customers buy, sell and book a home tour with Redfin’s “Book It Now” feature. “We what’s considered “overpaying” on a house?) Social media apps.

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Closing MLS Pre-qualification Technology 105

RIS Media

APRIL 6, 2021

United® Real Estate’s company-owned operations have recently been recognized as the eighth largest residential real estate brokerage in the nation ranked by number of transactions. The organization soared into the Top 10 brokerage ranking, moving up 131 positions from No. 14 in closed sales volume. 139 to No. 139 to No.

Brokerage 98

Brokerage Principal Residential Sales 98

RIS Media

DECEMBER 1, 2020

Scott Real Estate has announced the company is joining forces with Portland-based brokerage Meadows Group Inc. The company’s two offices are co-owned by principal brokers Eva Sanders and Heather Adams. . The official transition is underway, according to the firms, and the new partnership will place the combined John L. “John L.

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Principal Residential Branding Brokerage 105

Housing Wire

DECEMBER 29, 2023

The online school offers daily recruiting sessions by top brokerage firms and lifetime assistance in helping you attain a sponsoring broker. hour required CE hours, broker licensing courses, exam guides, and certificate courses like the Notary Public and Title-Closing Certificate courses to accelerate your career.

Pre-approval 448

Pre-approval Agents Development Technology 448

RIS Media

JULY 30, 2021

– Combined closed transaction volume increased 85% year-over-year in the second quarter driving market share gains for the fourth consecutive quarter. – Owned brokerage agent count grew 4% year-over-year. – Owned brokerage agent count grew 4% year-over-year. and senior secured leverage ratio of 0.00x.

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Branding Principal Title Equity 105

HomeLight

JUNE 28, 2022

The brokerage you hire is only as good as the agent that’s working for you, who’s going to be out there doing the work, publishing the listing, negotiating prices. A real estate broker is a real estate agent who has obtained a state real estate brokerage license and has in-depth knowledge of the real estate business.

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Purchase and sale agreement Agents Brokerage Backup offer 110

RIS Media

FEBRUARY 17, 2022

Frank Polsinello, principal of RE/MAX Hallmark Polsinello Group Realty, is well known for his exceptional work ethic and sharp negotiation skills. ” The pair worked closely with Amy Pye, head of agency at Real Estate Webmasters, to determine what was needed to stand out within one of the most competitive markets in the world.

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Branding Technology Principal Brokerage 98

The Close

SEPTEMBER 8, 2022

As Managing Editor of The Close, I’ve interviewed hundreds of real estate agents. Here’s a great tip for uncovering hidden listing opportunities to get seller clients from 27-year real estate veteran, coach, author, speaker, and Close contributor Sean Moudry: Sean Moudry, Real Estate Broker & Contributor , The Close.

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Branding Brokerage Agents Principal 111

Real Trends

NOVEMBER 13, 2022

According to analysis of data from the 2021 RealTrends 500 top brokerage firms and RTC Consulting benchmarking data, teams of all sizes have average gross margins more than double the average brokerage firm. Back then, principal brokers who formed a company recruited agents to help them take care of referrals.”.

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Brokerage Principal Agents Closing 85

RIS Media

SEPTEMBER 21, 2021

Part of an ongoing fight to maintain equitable accessibility to these listings for all consumers and a level playing field for small business brokerages has to do with so-called “pocket listings.” Principal Broker at Phipps Realty Inc. If the real estate agent does not sell the property, he or she does not earn a fee.

Equity 111

Equity Marketing Principal Banks 111

RIS Media

JANUARY 12, 2021

Above: Malinda Howell and Carolyn Rosson, vice presidents of Brokerage for the Ebby Halliday Companies. “It’s been a crazy year, but it’s worked out 10 times better than I ever thought possible,” says Wise, whose team closed 200-plus units in 2020 (at press time). View the entire issue here.

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Brokerage Principal As-is Agents 111

Realty Biz

OCTOBER 9, 2022

We are pleased to sponsor our latest acquisition in the Bloomington-Normal market," said Adriel Deller, Principal at Placemaker Real Estate. With this acquisition, we now own close to 400 units in Bloomington-Normal and we couldn't be more thrilled about the future prospects of this market.". Manaseer in Bloomington-Normal.

Principal 88

Principal Investor Property Management Renovation 88

RIS Media

JANUARY 7, 2022

recently announced that its indirect, wholly-owned subsidiary, Realogy Group LLC, together with a co-issuer, priced $1 billion aggregate principal amount of 5.250% senior notes due 2030 at par in a private offering that is exempt from the registration requirements of the Securities Act of 1933. Realogy Holdings Corp.

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Principal Closing As-is Brokerage 105