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HomeSmart snares prominent Atlanta brokerage

Housing Wire

Growing real estate brokerage firm HomeSmart announced Wednesday that it bought PalmerHouse Properties , an Atlanta-headquartered brokerage that has about 2,000 agents. billion in 2020 sales volume from 9,904 transaction sides, and it ranks as a “top 10 brokerage in the Atlanta area,” according to data provided by HomeSmart.

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Real estate commissions, brokerage models, and the consumer

Housing Wire

Invariably, these same articles classify all real estate brokerages and models as identical. Perhaps there are internal policies within some of the companies that are standardized, but the categorization of all brokerages as identical showcases the ignorance of the author. That’s a 20% reduction in revenue for the brokerage.

Brokerage 459
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Newer brokerages take top spots in Mega 1000 rankings

Real Estate News

Several of the top brokerages in T3 Sixty's Mega 1000 list were founded after 2000, including top-ranking Compass.

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Former Keller Williams agents continue their legal actions 

Housing Wire

Louis Ronayne first joined the brokerage as an agent and later became a team leader, serving at the brokerage from July 2000 to September 2014. Under the updated policy, vested agents who joined before April 1, 2020, and actively compete with KW brokerages would see their profit share reduced from 100% to 5%.

Legal 462
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@properties looks beyond Chicago with Christie’s deal

Housing Wire

On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage. The brokerage was founded 2000 by Thad Wong and Mike Golden , who remain the companies’ co-CEO’s.

Brokerage 448
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@properties plucks Detroit shop as first franchisee

Housing Wire

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.

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Guaranteed Rate to acquire Stearns Lending

Housing Wire

The strategy dovetails nicely with that of Guaranteed Rate, which has joint ventures with brokerage conglomerate Realogy and Chicago-based @properties. Guaranteed Rate, founded in 2000 and known for its robust retail operations, has been growing in stature in recent years.

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