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Compass acquires luxury brokerage in Washington, D.C.

Housing Wire

The brokerage has acquired Washington Fine Properties (WFP), a luxury real estate brokerage located in the Washington, D.C., WFP has 150 agents and has executed $43 billion in sales volume over the past 25 years. At the end of 2023, the number of principal agents at the brokerage stood at 14,683. metropolitan area.

Brokerage 345
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Maverix Advisory Group adds Kevin Van Eck as principal

Housing Wire

Van Eck will assume the role of principal after a 16-year tenure at @properties. Maverix CEO Jeff Kennedy said that Van Ecks experience in scaling technology , boosting the productivity of agents and optimizing brokerage operations makes him an ideal choice for the company.

Principal 252
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SERHANT. poaches high-performing Atlanta team from Compass

Housing Wire

Fast-growing brokerage SERHANT. 5 in sales volume at $62.6 5 in sales volume at $62.6 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.

Principal 370
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Indie brokerage and United Real Estate Richmond form RVA Blue Realty

Housing Wire

United Real Estate Richmond is the largest Black-owned real estate brokerage in America, founded by brothers John S Finn Jr. million in sales volume, according to data from RealTrends Verified. and Jeffrey S Finn. Through this merger, the Finns are welcoming both Smitty Smith and June Smith to their team.

Brokerage 207
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

The simple answer is that real estate agents are paid on commission, typically a percentage of the property’s sale price. 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. How do real estate agents get paid?

Agents 448
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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 293
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loanDepot returns to profitability, announces new strategic plan 

Housing Wire

During an earnings call, executives told analysts that loanDepot is seeking more JVs with builders, real estate brokerages and retail lenders across the country. Its pull-through gain-on-sale margin was 3.29% in Q3 2024, compared to 3.22% in Q2 2024. The pull-through gain-on-sale margin is expected to be between 2.85% and 3.05%.