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The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. Hanging your license with Opendoor Brokerage as an independent contractor means you are eligible for a consistent, steady stream of highly motivated seller & buyer clients,” the job post reads. “You
There’s a reason why eXp Realty regards itself as the “the most agent-centric brokerage on the planet.” According to the brokerage, Caldwell is no slouch when it comes to sales volume. The team will transition from its affiliation with Compass , where Caldwell founded The Apollo Group in 2018.
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.
First Team Real Estate , the largest independent brokerage in California , left Christie’s International Real Estate , the company first told Inman on Wednesday. Additionally, the independent brokerage is enabling its agents to market luxury listings on Luxury Portfolio International , a company First Team helped create.
Capitalizing on these market factors, brokerage firms in the 2022 RealTrends 500 brokerage rankings broke records in market share, closed transaction sides (there must be inventory somewhere!) The top four — Realogy Brokerage Group (RBG), HomeServices of America , Compass and eXp Realty — now have 20% market share in the U.S.
In 2018, the brokerage onboarded RE/MAX Heritage in Yarmouth, Maine , led by Mike Lepage. As a result, Davin’s brokerage boasts 165 agents all over Maine and on the seacoast of New Hampshire. The brokerage has been ranked as one of the top private independents in the country by RealTrends in 2024.
Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The post Howard Hanna acquires New York brokerage Rand Realty appeared first on HousingWire.
The seasonally adjusted data continues to drift lower, indicating that the underlying pace of brokerage switching remains subdued. Meanwhile, the count of active agents continues a modest decline but has not yet reached levels seen back in 2018. reflecting a normal post-holiday lift in agent movement.
As 2025 approaches, The Real Brokerage is heading into the new year with more growth-centered momentum. The digital brokerage platform announced another major affiliation this week to strengthen its presence in the luxury market. Real announced this week the affiliation of Urban Nest Realty , a Las Vegas -based brokerage.
The remaining brokerage defendants in the Batton 2 homebuyer commission lawsuit filed a joint motion to dismiss the suit last week. Each of these out-of-state Named Plaintiffs allegedly enlisted a buyer-agent in the period from 2018 to 2021 to purchase a home in these other states.
Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. In 2018, 1% of surveyed brokerages said their business came from open houses.
But as many as 200 real estate agents , brokerage firms and landlords are alleged to have violated this law by discriminating against applicants with federally subsidized Section 8 Housing Choice Vouchers, according to an undercover investigation conducted by the Housing Rights Initiative (HRI).
Join Emily Peckham’s FSBO Mastermind Other Facebook groups to explore Here are some other types of Facebook groups you should seek out and explore to meet new clients, uncover hidden properties coming to market in your area, or network within your brokerage or brokerage brand. Many cities have multiple groups.
NEXA Mortgage, the largest mortgage brokerage in the country, this week cut ties with the Association of Independent Mortgage Experts ( AIME ), claiming the trade group fails to address bullying and lacks proper governance. NEXA, founded in 2017 by Kortas , is a fast-growing mortgage brokerage.
Discuss the weather, how your pets are handling the pandemic, even the housing market, but these brokers will steer the conversation to one subject, and one subject alone – the residential real estate brokerage Compass. Compass – the broker will lament – puffs itself up as a “tech” company, but it’s really just another brokerage.
Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan. district court in Michigan.
Census Bureau shows how the business landscapes changed for homebuilders , lessors, agents , brokerages and other real estate professionals in the first full year after the pandemic began. Each year since 2018 has set an all-time record high for the number of firms in the agent/ broker industry group. gain in 2005.
McFarlane was associated with Keller Williams from 2004 to 2018. It stated that associates who joined the brokerage on or after April 1, 2020, and subsequently jumped to a competitor would lose their revenues from the company’s lifelong revenue program. But that policy did not impact agents who joined before April 1, 2020.
The brokerage has expanded its roster in Houston with the addition of Natasha Simon, who brings $892 million in career sales across 1,200 transactions to the company. Earlier this month, Compass landed Prospect Real Estate Team , an eight-person brokerage in Austin that brings $1.21 billion in sales since 2018.
Relitix’s latest release of the Agent Movement Index (AMI) for April 2024 reveals a surprising shift in the dynamics of real estate agents , indicating potential changes in market conditions and strategies among brokerages. Both recent examples (2018, 2019) were high-movement years.
The Robert Reffkin -helmed firm is welcoming back Bob Gerlach, who retired from the brokerage in 2021, according to an announcement on Wednesday. Gerlach is joining Compass as a sales manager supporting brokerage professionals in the Palo Alto market as part of the firm’s management team.
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. The deal is set to close Dec.
Christie said he returned to the brokerage because of its technology, agent network and culture. Compass’s client-centric service is incomparable to other brokerages,” Christie said in a statement. Prior to joining Serhant, Christie was with Compass from 2018 to 2021.
On Monday, the brokerage firm filed a motion to compel arbitration or, alternatively, to dismiss the suit. If the court does not grant Redfin’s motion to compel arbitration, the brokerage firm is asking that the court dismiss the suit, as it feels the plaintiff lacks the standing to proceed and has “failed to plead any concrete injury.”
To stay up to data on real estate brokerage news, please check out RealTrends’ BrokerSource newsletter. After selling her 29% stake in New York City-based Douglas Elliman in 2018, Dottie Herman will step down as CEO and long-time Douglas Elliman leader Scott Durkin will take over. Douglas Elliman is ranked No.
Roughly 10 months since first expanding into Florida , Ryan Serhant’s eponymous brokerage is expanding into its third market in the state. Previously, the brokerage only operated in the Miami and Palm Beach County markets. we’ve found much more than just a brokerage,” Mark Raumaker said in a statement. “In s first in Orlando.
Conover originally was a travel vlogger but ventured into real estate after collaborating on a listing video with Ryan Serhant in 2018. Conover was released on personal recognizance and also claims to have been sober for years.
The executive shake ups in the brokerage space are continuing this week, with Compass announcing that Mark McLaughlin is returning to the firm to serve as Chief Real Estate Strategist. McLaughlin previously became a key member of Compass in 2018 when the brokerage purchased his firm, Pacific Union , for north of $80 million.
In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. 1, 2018, and requested and was provided Smart Mortgage’s closed loan log for files he originated at Smart Mortgage between Oct.
The app firm, which was acquired by the real estate brokerage franchisor in 2018, “will continue to service existing client agreements throughout their expiration,” Keller Williams spokesperson Darryl Frost told HousingWire. The company claimed on its website that it had more than 3,000 brokerages and 300,000 agents using its app.
The Mcfarlane suit, which was filed in early May by James Mcfarlane — who was brokered with Keller Williams from 2004 to 2018 — is just one of more than a dozen lawsuits filed by former KW agents. But in May, the brokerage announced that its International Association Leadership Council (IALC) had made the decision to rescind the changes.
Sandra Hines and Blake Waggoner from The Hines Group will join as senior broker and broker, respectively, and Dave Janssens will join as managing broker at the California -based brokerage led by Mauricio Umansky. Together, the three agents will cover West Seattle and the Eastside areas of Seattle.
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. But in 2018, a private equity firm, Charlottesville, Virginia-based Quad-C Management, took a stake in the company.
Edgerton and Reisinger will have an impact on the global network of 550-plus independent real estate brokerages. Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018. million global transactions a year.
The fast-growing real estate firm The Real Brokerage just added to its agent count. Brohm and his team have been with eXp since 2018. We just no longer felt that it was the best brokerage for what we are building.”
Brokerage leader eXp Realty isn’t slowing down its expansion in 2025. The company announced on Wednesday the addition of brokerage leader Abel Gilbert and ONEPATH Realty to its growing global network. ONEPATH Realty may be an independent brokerage , but it’s no stranger to posting big numbers.
Filed last week in California state courts, the lawsuit is the latest legal drama involving Compass, the New York City-headquartered residential brokerage. The couple allege that the brokerage lured them in 2018 with the promise of a signing bonus, marketing budget, and office space. The second-largest brokerage in the U.S.
billion in sales since 2018. The brokerage has been extremely aggressive in adding to its head count. A new acquisition will get it closer to that goal in Austin. The eight-person Prospect Real Estate Team is taking its talents to Compass, adding a group that’s produced $1.21
g)(1)(v) exemptions allow payments pursuant to cooperative brokerage and referral arrangements between real estate agents and real estate brokers. This limited exemption on kickbacks only applies to fee divisions within real estate brokerage arrangements when all parties act in a real estate brokerage capacity. Express Co.,
OWN Marin, a veteran team of five agents, announced last week that they switched from the New York-headquartered brokerage to the San Francisco-based outfit. The brokerage, which declined comment, has hundreds of agents in Marin County – which lies just north of San Francisco County – and is the no. billion in VC cash.
But it remains the biggest player in a blossoming segment of real estate, in which tech-fueled companies – and even traditional brokerages – aspire to have a hand in every element of the home buying process. In 2018, the firm acquired Los Angeles-based discount brokerage Open Listings for an undisclosed sum. Roughly $8.7
The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. These minimum price limits serve no legitimate purpose.
She joined Realty ONE in August 2018. Realty ONE Group International, which was founded in 2005 and is based in Las Vegas, is a real estate franchise brokerage. Kathy Baker, a 2023 HousingWire Woman of Influence , was promoted to the position of chief coaching officer. In her previous role, Baker was vice president of learning.
The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. How this real estate brokerage’s unique model generates more profit for agents. Presented by: 1 Percent Lists.
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