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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

By contrast, legacy brokerages did not perform nearly as well. Every moment of friction is potentially a lost sale. Among publicly traded companies, Compass has done technology development and implementation better than most of its peers. Founder and CEO Ryan Serhant is a leader in leveraging social media to drive sales.

Brokerage 312
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FirstTeam’s Michele Harrington talks innovative recruitment strategies for brokerages

Housing Wire

Michele Harrington: After entering real estate sales right out of the Marine Corps , I built my own brokerage. Our licensing school brings in brand-new agents, whom we train and develop to help them become superstars. This interview has been edited for length and clarity. Six years ago, my whole company came over to FirstTeam.

Brokerage 395
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World’s first AI real estate agent has already made $100M in sales

Housing Wire

Israeli startup eSelf AI has developed a technology that provides interactive AI real estate agents capable of answering questions and guiding prospective buyers through listings at any time. Looking ahead, Clia believes AI agents could significantly alter real estate sales by reducing reliance on human agents and cutting operational costs.

Agents 342
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Compass strikes again with leadership changes in the Southeast

Housing Wire

Leading brokerage Compass announced some key leadership moves this week to bolster its operations in the Southeast, including Florida. The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. It is the nation’s leading brokerage by sales volume.

Brokerage 370
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William Raveis acquires Nantucket-based Jordan Real Estate

Housing Wire

Leading real estate brokerage William Raveis is making another game-changing acquisition before the new year. This week, the firm announced the acquisition of Nantucket, Massachussetts -based brokerage Jordan Real Estate (JRE). Co-owners Gloria Grimshaw and David Callahan acquired the brokerage from founder Lucille Jordan in 2007.

Brokerage 369
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Compass in negotiations to buy HomeServices of America

Housing Wire

The deal involves two of the nations top-four brokerages by sales volume in 2024, according to data from RealTrends Verified. billion across more than 177,000 home sales. billion across nearly 236,000 sales. Editor’s note: This is a developing story and will be updated. Compass ranked No. 4 with $133.8

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RedKey Realty Leaders expand in St. Louis with addition of Circa Properties

Housing Wire

The company added Circa Properties , another boutique brokerage with a strong local presence, but the merger is more about alignment than anything else, according to RedKey leaders. RedKey recorded 1,327 home sales in 2022, with its highest-value sale reaching $2.85 RedKey Realty is the top independent real estate agency in St.

Brokerage 365