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United Real Estate expands Midwest footprint through Kansas City merger

Housing Wire

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 386
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Though most commonly thought of for residential deals, real estate agents can also help people buy, sell or rent commercial properties, land and more. In the average residential transaction, commissions are usually split between the buyer’s agent and the seller’s agent, with the seller typically paying both commissions.

Agents 448
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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. And why not?

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Corcoran Group enters Washington, D.C., with a new affiliate

Housing Wire

Formerly known as a collective of McEnearney Associates and Middleburg Real Estate/Atoka Properties , the firm’s agents serve both residential and commercial real estate clients across the Greater D.C. At Corcoran McEnearney, Pejacsevich will serve as principal and chief operating officer, while Buzzelli will serve as chief strategy officer.

Principal 368
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SitusAMC sells majority stake in mortgage risk management biz

Housing Wire

The transaction involves the loan insurance firm Securent Risk Retention Group along with its data, brokerage and services business, Risk and Insurance Services. It comes as Securent seeks capital to invest in rising-demand products, especially in the residential mortgage-backed securities (RMBS) space.

Mortgages 437
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Newrez launches mortgage JV with $4B Keller Williams group in New Jersey

Housing Wire

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
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Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

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 427