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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. And among privately held brokerages, the one executing most effectively on what Compass is proving in the public markets is SERHANT. to become the first screenless brokerage. In Q4, the company reported a revenue increase of 26% year over year, reaching $1.4

Brokerage 344
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Real launches three new products during its agent conference

Housing Wire

The Real Brokerage is keeping attendees of RISE, its third annual agent conference, on their toes. From the RISE stage in Las Vegas , Real unveiled three new products for agents and clients on Tuesday. Real also unveiled Leo of Clients on the RISE stage Tuesday. The product is currently available to select agents in the U.S.

Agents 435
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Now is a great time for brokerage acquisitions: RealTrends Consulting

Housing Wire

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

Brokerage 467
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. This course covers real estate law, contracts, finance and ethics.

Agents 448
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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Valuation – The valuation stage can also be considered the preliminary due diligence stage.

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FDIC finds banks violated RESPA on mortgage brokerage payments

Housing Wire

Violations identified vary across different stages of the loan process. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value. The same institution also stated that it initiated or ordered appraisals when it added borrowers’ information into a lender’s software.

Banks 448
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Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. At this stage there is obviously a wide range of potential outcomes of how the lawsuit storyline could unfold next year.

Brokerage 476