Housing Wire

DECEMBER 11, 2023

This modest but significant one-year decline understates KeyBank’s longer-term performance for non-wealthy families seeking to buy a home to live in: In 2018 more than 38% of such KeyBank loans went to an LMI borrower. . “KeyBank’s betrayal of Black and low-income homebuyers continued in 2022” “KeyBank made 19.2%

Real Estate Agent 476

Real Estate Agent Real Estate Agents Lending 476

Housing Wire

DECEMBER 19, 2024

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.

Brokerage 397

Brokerage Realty Agents Real Estate 397

Housing Wire

JUNE 21, 2022

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.

Brokerage 417

Brokerage Real Estate Realty Agents 417

Housing Wire

OCTOBER 8, 2024

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).

Brokerage 497

Brokerage Landlords Law Realty 497

Housing Wire

OCTOBER 26, 2023

He is also the founder of “Agents of Color,” a national referral network for BIPOC real estate professionals. 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.

Real Estate Agent 448

Real Estate Agent Brokerage Real Estate Agents 448

Housing Wire

FEBRUARY 11, 2021

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. And yet, it bears watching if the brokerage can be another “Titanic” – the movie, not the ship.

Brokerage 518

Brokerage Real Estate Real Estate Agent Realty 518

Housing Wire

SEPTEMBER 18, 2024

How much are real estate referral fees? Who pays the real estate referral fees and how are they paid? Drafting a referral agreement that works for all parties How to find a great real estate agent in another area When to accept a referral (and when not to)? What is a real estate referral fee?

Real Estate 468

Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

OCTOBER 1, 2024

g)(1)(v) exemptions allow payments pursuant to cooperative brokerage and referral arrangements between real estate agents and real estate brokers. A “referral platform” may, of course, easily sell customer leads to real estate brokers. Unambiguously, 12 U.S.C. Express Co.,

Agents 435

Agents Real Estate Real Estate Agent Brokerage 435

Housing Wire

DECEMBER 8, 2020

Redfin said its real estate agents have helped clients in Seattle and the Bay Area buy and sell homes since 2006, with a listing fee as low as 1%. Since 2018, Redfin has also offered its Concierge listing service in both markets, for a listing fee as low as 2%.

Real Estate Agent 493

Real Estate Agent Real Estate Agents Brokerage 493

Housing Wire

MAY 3, 2021

Compass defrauded its real estate agents out of millions of dollars in sales commissions and broke pledges to give agents shares of stock, according to a new lawsuit that seeks class-action status. The second-largest brokerage in the U.S. Compass has faced multiple lawsuits in its eight-year-old history.

Agents 418

Agents Brokerage Real Estate Agent Real Estate 418

Housing Wire

SEPTEMBER 11, 2020

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.

Valuation 435

Valuation Brokerage Real Estate Agent Real Estate 435

Housing Wire

JULY 27, 2022

Charleston, South Carolina-based real estate tech firm PunchListUSA , which calls itself the first platform digitizing national home inspection data , closed on a $39 million Series A funding round this week. . PunchListUSA has now raised more than $49 million in equity capital since its inception in 2018. .

Inspection 397

Inspection Renovations Project Management Real Estate Agent 397

Housing Wire

OCTOBER 4, 2023

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. Agents and Brokers The trajectory of agent and broker offices mirrors that of homebuilders. gain in 2005.

Landlords 448

Landlords Agents Brokerage Supply Chain 448

Housing Wire

MARCH 22, 2021

Although the claims were made prior to Compass’s acquisition of Modus, Compass officials said the brokerage was aware of the investigation when it acquired Modus in October 2020 for approximately $50 million. Modus, which raised over $14 million from investors since its launch in 2018, released a statement saying it plans to appeal.

Insurance 459

Insurance Real Estate Agent Real Estate Brokerage 459

Housing Wire

AUGUST 26, 2024

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.

Agents 435

Agents Brokerage Realty Real Estate 435

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). Access to a hyper-local agent is more important now than ever. Call or text me with any real estate questions! Dear (first name), I’m (your name), a local real estate professional with (brokerage).

Real Estate 467

Real Estate Open Houses Brokerage Real Estate Agent 467

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. of offers written by Redfin agents facing competition in August. In 2018-2019, total housing inventory was in the range between 1.52

Buyers 468

Buyers Inventory Real Estate Agent Sellers 468

Housing Wire

MARCH 11, 2024

The fast-growing real estate firm The Real Brokerage just added to its agent count. Salt Lake City-based agent and team leader Dustin Brohm announced Monday that he and his teamerage , the Massive Agent Team , are leaving eXp Realty to join Real.

Agents 476

Agents Brokerage Realty Real Estate 476

Housing Wire

JANUARY 5, 2021

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years.

Architecture 418

Architecture Real Estate Agent Loan Officers Real Estate 418

Housing Wire

FEBRUARY 25, 2021

How 2020 exposed a greater need for collaboration between real estate agents and LOs. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Zillow Offers, meanwhile, came into focus in 2018 when Rich Barton stepped back into the CEO chair.

Real Estate Agent 418

Real Estate Agent Home Value Real Estate Loan Officers 418

Housing Wire

MARCH 15, 2021

” Why more real estate agents are leaving online portal leads behind. Find out how a single lead from Ylopo led to roughly $20 million in real estate closings for real estate agent Luis Robledo. Presented by: Ylopo. Per Redfin, 58.1%

Real Estate Agent 446

Real Estate Agent Real Estate Lending Design 446

Housing Wire

JANUARY 9, 2024

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

Property Management 448

Property Management Real Estate Real Estate Agent Agents 448

Housing Wire

DECEMBER 16, 2020

Keller Williams declined to provide HousingWire a timeline for the closure or explain why Smarter Agent was shutting down. Smarter Agent users have been notified of the planned service changes.”. The company claimed on its website that it had more than 3,000 brokerages and 300,000 agents using its app.

Agents 435

Agents Brokerage Real Estate Technology 435

Housing Wire

JANUARY 9, 2024

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.

Realty 448

Realty Brokerage Agents Real Estate 448

Housing Wire

DECEMBER 19, 2024

There’s a reason why eXp Realty regards itself as the “the most agent-centric brokerage on the planet.” ” This week, the company embodied that mindset with yet another major affiliation that expands its agent network. Caldwell is the latest in a trend of new agents and leaders to join eXp’s network.

Realty 397

Realty Brokerage Agents Real Estate 397

Housing Wire

SEPTEMBER 7, 2023

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton and Reisinger will have an impact on the global network of 550-plus independent real estate brokerages.

Legal 418

Legal Brokerage Real Estate Modernization 418

Housing Wire

APRIL 28, 2022

Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. billion in quarterly revenue, but the vast majority of that is from home sale commissions, which largely are returned to the company’s independent contractor real estate agents.

Mortgage 370

Mortgage Brokerage Agents Real Estate 370

Housing Wire

MARCH 8, 2024

While Hometap doesn’t directly work with mortgage lenders or real estate brokerages right now, Burnett sees an opportunity for partnership to help buyers’ homeownership in the long term. Burnett: After being founded in 2017, we made our first investments in 2018 and 2019.

Investing 463

Investing Marketing Real Estate Agent Real Estate 463

Housing Wire

MAY 6, 2021

Another group of California agents has left Compass for Side , this time in the luxury, coastal environs of Marin County. 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. 1 Bay Area brokerage by sales volume.

Brokerage 370

Brokerage Agents Legal Valuation 370

Housing Wire

OCTOBER 18, 2023

Ketchmark also brought up Keller’s book “The Millionaire Real Estate Agent,” which discusses the ‘co-opetition’ model that has evolved among rival brokerages. In the book, Keller also mentions that each side in a real estate transaction gets an average of a 3% commission.

Training 459

Training Agents Real Estate Real Estate Agent 459

Housing Wire

NOVEMBER 6, 2024

According to the company, 40% of shoppers begin the process by looking for a lender and 80% of them don’t have a real estate agent. While Zillow’s growth is significant given the company only launched its mortgage business in late 2018, falling rates benefited every player in the mortgage industry.

Mortgage 397

Mortgage Real Estate Real Estate Agent Realtors 397

Housing Wire

AUGUST 21, 2023

The Compass Cares program is the charitable arm of Compass, a real estate brokerage making big waves in the market. Compass isn’t only focused on national real estate sales, it is looking to make an impact at the local level. Compass was recently honored as a 2023 “Game Changer” by RealTrends.

Real Estate Agent 74

Real Estate Agent Real Estate Agents Brokerage 74

Housing Wire

JANUARY 9, 2025

Most brokerages have a place to promote off-market listings internally (ours is a Facebook group exclusively for our agents). It may feel a little strange, but you can absolutely call or stop by other brokerages with the information about your pocket listing and ask the manager/receptionist to share it with their agents.

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

SEPTEMBER 13, 2023

Massachusetts -based boutique real estate firm Lindo Realty Group has joined the commonwealth’s top independent real estate brokerage, Jack Conway & Co. Prior to founding the Lindo Realty Group in 2018, Robbie Lindo worked at Jack Conway for more than a decade as a top salesperson and then as a manager.

Real Estate 418

Real Estate Realty Brokerage Clients 418

Housing Wire

NOVEMBER 13, 2023

Fathom Holdings is the latest brokerage to make a significant C-Suite change. Fregenal has served as Fathom’s CFO since 2012 and as president since 2018. ” Cary, North Carolina based Fathom was among the biggest movers by transaction sides in the RealTrends 2023 brokerage rankings. million in sales volume in 2022.

Brokerage 435

Brokerage Agents Business Marketing 435

Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

SEPTEMBER 19, 2023

As someone who worked for a large, nationally branded brokerage for 30+ years, I had a front-row seat to many mergers and acquisitions. Back before iron-clad earn outs and claw-back clauses, I witnessed a time when two days after an acquisition announcement, the entire agent population walked out with the managers.

Real Estate 435

Real Estate Brokerage Agents Valuation 435