This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
San Francisco-based real estate technology firm RealScout on Thursday announced that its making its RealScout Exclusives platform available to all brokerages. RealScout said that the nationwide launch of the platform follows years of successfully powering exclusive listing strategies for leading brokerages.
The Real Brokerage is a already a top 10 company in terms of transaction volume and sides and it continued its growth this week in two of the nation’s most populous states. Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. billion.
While the commission lawsuits and the business practice changes outlined in the National Association of Realtors’ (NAR) settlement occupied notable portions of 2024 for The Real Brokerage , impressive organic growth is the firm’s true highlight of the year.
By contrast, legacy brokerages did not perform nearly as well. Technology is part of the story. Consumers purchase homes, but Compass touts its technology among prospective real estate agents. Technology is the lubricant that increases that flow. sits at the intersection of real estate, technology, and media.
By focusing on these pillars, brokerages can enhance their overall consumer experience, adapt to industry changes, and drive sustainable growth. Dive in and discover BOLD strategies for building a profitable brokerage at scale.
The stagnant housing market has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. Real credited its technology offerings and business model for the explosive growth in agents. Instead, its continuing to add agents at an explosive rate.
The industry veterans describe it as an AI-driven platform for real estate team and brokerage valuations and sales. FIJI is the future of real estate brokerage valuations and M&A. Im also excited about the new FIJI AI tools that will give brokerages ongoing advice and support to reach their goals, Murray said in a statement.
This cycle of ascent and decline is also evident in the residential brokerage industry. The same can be said for many regional and local brokerage firms that were once dominant but have since lost ground. Today, eXp faces pressure from a wave of low-cost, virtual brokerage firms.
Ryan Serhant ’s eponymous brokerage has been in rapid growth mode this year following the success of the Netflix show “Owning Manhattan,” and now investors want in on the action. Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE.
As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments!
The use of artificial intelligence (AI) is becoming the new norm for many real estate agents and brokerages. Real estate technology provider Delta Media released a new report that highlights a sharp jump in AI usage from last year. Delta Media considered these brokerages to be “medium to large.” versus 70.4%).
One of the nation’s fastest-growing real estate brokerages announced a pending leadership change on Wednesday. Sharran Srivatsaa , president of The Real Brokerage , will be transitioning from his current role to the company’s board of directors effective June 1. Its volume soared from $14.4 billion to $21.2
The brokerage has acquired Washington Fine Properties (WFP), a luxury real estate brokerage located in the Washington, D.C., According to WFP, the brokerage has the highest average sales volume per agent and the highest average sale price in the areas where it operates. Compass has added to its roster in the nations capital.
The Real Brokerage is keeping attendees of RISE, its third annual agent conference, on their toes. It can also explain an agent’s payout on any transaction and is integrated with Real Academy, which will give agents access to the brokerage’s entire catalog of training sessions and workshops.
During the conversation, Velt and Elfman discuss the delicate art of balancing technology and artificial intelligence (AI) usage with developing client relationships. Tracey Velt: What overarching technology trends have you seen among real estate agents and brokers? How is MoxiWorks easing people into adopting a technology?
Processing is a big piece of what brokerages care about, so we have a copilot that we’re getting feedback on and plan to have six or seven copilots that will launch next year. We’ve trained our AI models to be extremely specific to help agents, brokerages and end customers as well. SW: Tell me more about your background.
Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity. The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025.
Here’s four strategies for leaders looking to maximize growth and position their brokerages and teams for success. By keeping your P&L lean and efficient, you can reinvest savings into growth-focused activities like marketing, agent development or technology upgrades—all of which drive long-term success.
In an environment where technology is increasingly becoming a recruitment tool for brokerages, eXp Realty has partnered with a data provider in an effort to give its agents an advantage over the competition. This strategic relationship allows us to extend these successful strategies to all our agents and teams at no additional cost.”
The Real Brokerage ‘s expansion trend has continued with another major acquisition. The digital brokerage platform announced on Monday the addition of Amerivest Realty , a Florida-based brokerage, adding 400 agents across Florida , Colorado , Minnesota and Wisconsin to Real’s platform.
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.
Recruitment efforts have been a mainstay of The Real Brokerage ‘s growth efforts in 2024. And the digital brokerage platform continues to grow this week with another affiliation. ROVI also makes use of technology and specialized services, including listing and transaction coordinators. in both 2020 and 2021.
We want to disrupt the market for the better by aligning ourselves with a forward-thinking company that empowers our team and clients with the best marketing and technology available.” has been on an expansion tear since the success of the brokerage’s Netflix show “Owning Manhattan.” ” SERHANT.
Whether youre running a large brokerage, managing a small team or working on your own, the right transaction management platform can take the worry out of compliance and lighten your workload. From managing compliance to automating commission disbursements, its built to grow with your brokerage.
RE/MAX frequently touts the experience and productivity of its agents, 135 of which made the 2024 RealTrends Verified + Tom Ferry The Thousand more than any other brokerage. Lessinger said RE/MAX is continuing to focus on making it easier for agents to transact by leveraging different technology tools.
Homie Technologies’ bombshell antitrust lawsuit has one fewer defendant. On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS.
They discuss the utility of artificial intelligence (AI) for the real estate industry, as well as JPARs solutions designed to enhance agent and brokerage performance. Matched with our internal technology, resources and training, it tells agents which training route they should take based on their personality type.
There’s a new brokerage on the block. The recently launched Realty of America (ROA) is a fully virtual brokerage co-founded by CEO Eddie Garcia, President Mark Dimas, chief culture officer Erinn Nobel and chief operating officer Peter Nobel.
The Detroit-based fintech , which is also in the midst of acquiring real estate brokerage and home search portal Redfin for $1.75 Rocket projects $400 million in pre-tax cost savings from streamlining operations, corporate expense and technology investments. billion , is paying an equity value of $9.4
Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian. Keller Williams has entered into a strategic partnership with private equity firm Stone Point Capital , according to an announcement on Monday.
Milestone, the largest brokerage in Massachusetts over the past three years, said the companies will be able to combine Willow’s top-drawer proprietary technology platform with Milestone’s federal registration and state licensing footprint. “With this technology , we’re going to be able to flip the script. .
Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities.
The new “360-degree product experience” will help brokerages and real estate professionals access data, manage listings and ensure accuracy. Rexdat — a technology firm offering a subscription-based, cloud-powered, software-as-a-service (SaaS) platform—powers the new tool.
Chicago-based Maverick Systems is rapidly expanding its real estate data analytics platform nationwide, offering brokerages a new tool in the competitive landscape for experienced agents. This detailed data allows brokerages to identify high-value recruitment opportunities, anticipate agent churn and ultimately improve profitability.
The Real Brokerage isn’t tapping the brakes on its rapid expansion. The ballooning agent count pushed brokerage revenue to $340 million, an 84% year-over-year improvement. The call included updates on the company’s new divisions and technology offerings.
In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson are joined by Zillow Group CEO Jeremy Wacksman for a deep dive conversation that covers the role of technology in real estate and Zillow’s “ Super App.” That’s what technology does.
Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. The lender offers innovative tools and technology to make the home buying process more accessible, transparent, and personalized. Fortunately, home buying doesn’t have to remain confusing for new buyers.
The Real Brokerage has expanded its footprint into the Richmond, Virginia , area. Real’s technology platform and its ProTeams program piqued my interest,” Reed said in a statement. The addition of Nicole Reed Real Estate & Associates shows that the brokerage isn’t done expanding. “We Today, Real has more than 16,000 agents.
Real estate technology provider Constellation Real Estate Group announced on Wednesday that it is adding four new executives to its senior leadership team. “We have a strong portfolio of products that support consumers, agents , teams, brokerages and brands. He will be focused on developing the company’s product suite.
The race is on for brokerages to capture clients in an incredibly difficult housing market, and Compass believes a new technology offering will give it an advantage. The brokerage on Monday launched Compass One, a client-facing portal that provides a guide through the process of both home buying and selling.
Real estate agents appear to be more open to changing brokerages in 2024 compared to last year, according to a recent Coldwell Banker survey. Agents cited several reasons that could compel them to switch brokerages. The survey also examined agents’ priorities when choosing a brokerage to affiliate with.
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.
“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
Dallas -based brokerage United Real Estate is expanding its footprint in the Midwest with a new merger. Last week, it announced an expansion in the Carolinas as United Real Estate Queen City , an affiliate brokerage, opened a new location in Fort Mill, South Carolina. The financial terms of the merger were not disclosed.
We organize all of the trending information in your field so you don't have to. Join 144,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content