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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
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United Real Estate announces Virginia merger

Housing Wire

The deal, which closed March 15, adds 20 agents from River City to the United ranks and brings its total agent count in the Richmond area to 220, according to John Finn, senior managing broker at United. His brother, Jeffrey Finn, serves as principal broker, Richmond BizSense reported.

Brokerage 214
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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 310
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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
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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
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Confused by the CCP debate? Here’s what to know

Housing Wire

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. eXp Realty was the first brokerage to sign on to Zillows listing standards. What is CCP?

MLS 269
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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.