Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. The Nationwide Multistate Licensing System (NMLS) shows that Michigan-based brokerage firm Next Door had 61 sponsored loan officers as of Thursday, along with four branches in Arizona, Nevada, Ohio and Texas.

Lending 484

Lending Mortgages Loan Officer Principal 484

Housing Wire

DECEMBER 18, 2024

Dallas -based brokerage United Real Estate is expanding its footprint in the Midwest with a new merger. In a company statement, United Real Estate President Rick Haase expressed excitement about bringing SunWest operating principal and partner Jerry Braklow and his team into the fold.

Brokerage 359

Brokerage Principal Branding Agents 359

Housing Wire

JULY 10, 2024

Brokerages know that the recruitment of real estate agents and teams is always competitive, and some have found it even more so in the wake of the National Association of Realtors ’ settlement that’s prompted agents to reevaluate their businesses. Today’s competitive landscape hinges on what a brokerage is looking for — and where.

Brokerage 442

Brokerage Branding Principal Agents 442

Housing Wire

OCTOBER 15, 2024

Not only are Tal and Oren Alexander — the co-founders of Official Partners — under fire for an alleged string of sexual assaults , but the brothers are now facing a suit from Side , the white-label brokerage that powers their firm. The brokerage is also asking the court to issue orders requiring something of the Alexanders.

Principal 423

Principal Brokerage As-is 423

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement.

Principal 459

Principal Brokerage Agents Technology 459

Housing Wire

OCTOBER 3, 2024

The transaction involves the loan insurance firm Securent Risk Retention Group along with its data, brokerage and services business, Risk and Insurance Services. He previously worked with VineLight’s principals, Bryan Binder and Jason Garmise, at CastleLine , a provider of mortgage data and insurance products.

Mortgages 443

Mortgages Principal Residential Brokerage 443

Housing Wire

NOVEMBER 7, 2023

63 among the 500 best brokerages by volume. “We We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. “We In all, BCP agents notched $4.2 billion in sales volume in 2022 across 6,080 transaction sides.

Mortgages 435

Mortgages Principal Brokerage Lending 435

Housing Wire

NOVEMBER 7, 2023

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. million after the brokerage paid its commissions and related expenses. Revenue decreased by 10% year over year to $1.34

Principal 431

Principal MLS Agents Brokerage 431

Housing Wire

FEBRUARY 17, 2021

Snapping up Alexander is part of a “national expansion plan,” said Chris Lim, president of growth at @Properties, with the Windy City brokerage eying a “half-dozen” franchise announcements in the coming year. How to Diversify Your Brokerage to Weather Economic Hardship. billion in 2019 sales, according to RealTrends.

Brokerage 414

Brokerage Principal Technology Equity 414

Housing Wire

NOVEMBER 21, 2024

“As we continue to invest deeply into providing our KW-affiliated brokerages support for the development of their team leaders and operating principals, we are excited to welcome Shanan, who will spearhead those efforts,” KW President and CEO Mark Willis said in a statement. “An

Brokerage 364

Brokerage Principal Technology Agents 364

Housing Wire

JULY 2, 2024

Keller Williams made changes to its executive team on Monday, appointing Cody Gibson as its new vice president of KW MAPS Coaching and Rachel Elder as the new vice president of KW Cares , the brokerage firm’s 501(c)(3) charity that supports KW associates and their families.

Commercial 434

Commercial Principal Brokerage Agents 434

Housing Wire

AUGUST 7, 2023

But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. billion, which the brokerage attributed to a 19% year-over-year decrease in transaction sides to 54,207, combined with a decrease in the average home sale price, as the brokerage’s gross transaction value dropped 26% year over year to $56.8

Brokerage 370

Brokerage Principal Title Equity 370

Inman

SEPTEMBER 27, 2023

Compass has recruited 15 agents from an Ocean City, New Jersey, RE/MAX franchise, 10 of whom will serve as principal agents. The new recruits represent $136 million in 2022 sales volume.

Principal 190

Principal Agents Sales Brokerage 190

Housing Wire

APRIL 24, 2024

Take a look below to see this year’s list of honorees. Congratulations to the 2024 Rising Stars! Name Job Title Company Name A.T.

Principal 459

Principal Due diligence Lending Title 459

Housing Wire

NOVEMBER 14, 2024

Fast-growing brokerage SERHANT. Led by co-principals Annie Tran, Dewey Luong and Tiffany Powell, the Atlas team said that culture is one reason SERHANT. If recent additions are any indication, the brokerage is converting many of these inbound agent leads. continues to enter new markets. Atlas Group is coming over from Compass.

Principal 368

Principal Brokerage Land Technology 368

Housing Wire

SEPTEMBER 20, 2023

The Makinney Group, led by principal agent Tom Makinney, has joined Compass in Chicago , the company announced on Wednesday. Makinney made the leap with his two agents, Jill Giorno and Jen Goodale.The top team was previously at brokerage @properties.

Principal 434

Principal Brokerage Technology Agents 434

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

Agents 448

Agents Brokerage Principal Industrial 448

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. Fourth-quarter 2023 revenues at Redfin fell 2% year over year to $218.1 million, down from $222 million in Q4 2022. For full-year 2023, revenues fell to $976.7

Brokerage 441

Brokerage Principal Renovation Agents 441

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

Title 418

Title Brokerage Loan Officer Principal 418

Housing Wire

NOVEMBER 9, 2023

The brokerage already initiated a search process to find a replacement. Until a new CFO is appointed, Kent Cheng, eXp World Holdings ’ chief accounting officer, will serve as the eXp’s principal financial officer, the company said in a statement. Meanwhile, Whiteside, who was CFO for five years, will stay at the company until Dec.

Principal 427

Principal Brokerage Agents As-is 427

Housing Wire

SEPTEMBER 29, 2023

According to the brokerage, 6.5% The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306 , according to Black Knight ’s mortgage monitor report. homes for sale posted a price cut during the four weeks ending September 24, up from 5.8%

Mortgages 516

Mortgages Principal Brokerage Finance 516

Housing Wire

DECEMBER 20, 2023

“Well-known across our ecosystem as servant leaders, Wendi and John will act as growth partners for our regional operating principals and regional directors,” Mark Willis, CEO of KW , said in a statement. Wendi has inspired, trained, and recruited many of our best agents, team leaders, and operating principals,” Willis added.

Principal 448

Principal Agents Marketing Brokerage 448

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 Last week, the brokerage announced in a Securities and Exchange Commission filing that it sought around $882 million from its initial public offering by trading 36 million shares at $23 to $26. Investors initially paid $21.15-a-share

Brokerage 412

Brokerage Principal Loans Branding 412

Housing Wire

OCTOBER 21, 2024

On one side are brokerage leaders like The Agency founder Mauricio Umansky , who are firmly against CCP. “I Any brokerage firms today that say they want to give the seller more choice, they are fooling themselves that they have their own agenda. He agrees with Klein that brokerage motivations for ending CCP are self-serving.

MLS 448

MLS Brokerage Industrial Agents 448

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. Almost any time in history the U.S.

Industrial 476

Industrial MLS Brokerage Agents 476

Housing Wire

MARCH 3, 2022

The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company. Indeed, most other brokerages either do not provide an adjusted EBITDA figure or give one at less variance to net income. Compass has made agent productivity a calling card – the firm’s principal agents do 2.7

Brokerage 370

Brokerage Principal Agents Staging 370

Housing Wire

FEBRUARY 27, 2024

who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. Douglas Elliman also cites lack of jurisdiction in its motion to dismiss, stating that Douglas Elliman International and Douglas Elliman Realty are holding companies that are not licensed as real estate brokerages in Missouri or elsewhere.

Brokerage 447

Brokerage Principal MLS Industrial 447

Housing Wire

NOVEMBER 8, 2024

White-label brokerage Side keeps turning the screws on Official Partners and the Alexander brothers. The complaint states that Official Partners and the brothers agreed to pay the principal sum and interest on the loan, and that Side should be paid additional damages related to legal fees and a jury trial.

Loans 367

Loans Principal Brokerage 367

Housing Wire

OCTOBER 24, 2023

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. Goldberg concluded by saying that corporations do not follow or enforce the Clear Cooperation Rule.

MLS 448

MLS Principal Brokerage Agents 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. Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

DECEMBER 18, 2024

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. SUCCESS Real Estate in the Greater Boston area suddenly closed up shop this week. Understandably, this is upsetting news to all. Understandably, this is upsetting news to all.

Earnest money deposit 284

Earnest money deposit Principal Closing costs Brokerage 284

Housing Wire

MARCH 31, 2023

Here’s the full list of this year’s honorees: Name Job Title Company Name Alejandro Franco Controller, Vice President of Accounting and Finance JPAR Real Estate Amber Kramer Senior Vice President and Chief Financial Officer Guild Mortgage Andrew Hubacker Chief Accounting Officer and Interim Principal Financial Officer United Wholesale Mortgage (..)

Finance 413

Finance Principal Property Management MLS 413

Housing Wire

DECEMBER 13, 2024

The board also appointed Renton, Matt Hendricks, the senior director of industry affairs at Zillow , Patrick Pichette, a vice president at the Canadian Real Estate Association , Dan Troup, the CEO of Broker Public Portal , and Ross Buck, the CEO of Omni MLS , who will serve as an advisor to the board, as members at large.

MLS 350

MLS Principal Technology Development 350

Housing Wire

NOVEMBER 1, 2024

Now, it’s time to join a brokerage. Depending on the brokerage, agents may pay anywhere from $25-$500 per month to be a part of the brokerage. With that in mind, it’s a good practice to interview multiple brokerages before deciding where to land. After agents have partnered with a brokerage, it’s time to get to work.

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

SEPTEMBER 28, 2022

Advisory and brokerage firm Prestwick Mortgage Group is out with three new mortgage-servicing rights (MSR) offerings for agency loan pools valued in total at $2.6 One of those MSR offerings involves a Ginnie Mae loan pool of 7,591 mortgages with valued at $2 billion based on the unpaid principal balance.

Marketing 418

Marketing Principal Loans Mortgages 418

Housing Wire

DECEMBER 6, 2024

Monarch Realty was founded in 2008 by the firms principal broker, Ruth Dipietrantonio, after she concluded a 20-year career in health care.

Principal 391

Principal Branding Agents Brokerage 391

Housing Wire

OCTOBER 30, 2024

Brokerage founder and CEO Robert Reffkin laid his firm’s plans for the future bare during its third-quarter 2024 earnings call with investors and analysts on Wednesday. Additionally, Compass grew its principal agent count 20% from a year ago to 17,542, while its national market share grew to 4.8%, up from 4.31% in Q3 2023.

MLS 345

MLS Brokerage Principal Agents 345