Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% Washington, D.C.

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Realtors Agents Brokerage Inventory 400

Housing Wire

JUNE 6, 2024

The Real Brokerage announced Thursday the addition of several new teams across the U.S. The newly released 2024 RealTrends Verified rankings , based on 2023 data, showed that Real was the sixth-largest brokerage in the country for sides (48,905) and ranked No. 10 for sales volume ($21.2 10 for sales volume ($21.2

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Brokerage Real Estate Agents Real Estate Agent 405

Housing Wire

FEBRUARY 16, 2024

Path & Post Real Estate appointed Bekki Shae Smith to the role of managing broker, the Georgia -based boutique brokerage announced on Thursday. Before joining Path & Post, Smith was a Realtor , broker and partner at LOCAL Realty North ATL for three years.

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Brokerage Realtors Realty Real Estate 342

Housing Wire

AUGUST 6, 2024

At the start of 2024, CEO Leo Pareja did not think eXp Realty would find itself in the real estate forms business, but eight months into this year, things look a little different. 17 implementation deadline for these changes, brokerages like eXp are finding themselves sorting out their forms.

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Brokerage Realtors Agents Real Estate 430

Housing Wire

DECEMBER 4, 2023

Coldwell Banker Danforth , a Seattle-based Coldwell Banker franchise, won’t renew its National Association of Realtors (NAR) affiliation at the beginning of 2024, the company announced on Friday. Earlier in October, national real estate brokerages Redfin , Anywhere and RE/MAX took a step back from NAR.

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Brokerage Realtors Agents Design 384

Housing Wire

MARCH 4, 2024

housing market, HousingWire has partnered with Illinois Realtors , bringing exclusive news, market data and housing research to the 50,000 Illinois Realtors that power the state’s real estate market. In our dedication to providing the full picture to housing professionals across the U.S.

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Realtors Real Estate Housing Market Brokerage 359

Housing Wire

APRIL 22, 2024

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates.

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Brokerage Real Estate Realtors Real Estate Agent 330

Housing Wire

DECEMBER 6, 2024

The Masiello copycat commission lawsuit plaintiff and Realty ONE Group Arizona have filed a joint motion to dismiss the brokerage defendant from the suit with prejudice. Realty ONE Group announced its proposed settlement in April 2024. The motion was filed on Thursday in U.S. District Court in Phoenix. and Tierra Antigua Realty.

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Realty Brokerage Realtors Real Estate 291

Housing Wire

SEPTEMBER 3, 2024

17, 2024 — the date that the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement went into effect — served as a reckoning of sorts. “I The webpage is open to agents across the industry regardless of their brokerage affiliation.

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Brokerage Agents Real Estate Real Estate Agent 405

Housing Wire

MAY 2, 2024

While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. In Q1 2024, the company reported a $15.6 Agent count at eXp kept declining in Q1 2024. million loss compared to a net gain of $1.5 million in Q1 2023.

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Realty Brokerage Agents Real Estate 323

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

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Real Estate Inventory Sellers Realtors 467

Housing Wire

APRIL 24, 2024

Congratulations to the 2024 Rising Stars! Rising Stars have impressive professional momentum, and are building reputations for driving growth and change while making those around them better. Take a look below to see this year’s list of honorees. Name Job Title Company Name A.T.

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Real Estate Realty Project Management Realtors 438

Housing Wire

DECEMBER 4, 2024

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.

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Brokerage Agents Technology Clients 367

Housing Wire

MARCH 29, 2024

Co-founded by Sean Soderstrom, Dan Breitbach and Joe Urciuoli, the proptech company sells an AI-powered software platform to help real estate brokerages with their recruiting efforts. Courted identified three main problems with how brokerages have historically recruited agents. The company has expanded to 50 markets in the U.S.

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Brokerage Real Estate Agents Realty 324

Housing Wire

JANUARY 25, 2024

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. Thankfully, 2024 is shaping up to be a much better year for recruiters. If you’re a new broker or team leader you might not realize just how competitive recruiting was in 2023.

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Real Estate Agent Real Estate Agents Brokerage 371

Housing Wire

AUGUST 23, 2024

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Ryan Michaelis, chief growth strategist at Worth Clark Realty , about business growth through recruitment, flat-fee models for agents and the effects of the National Association of Realtors ’ (NAR) settlement on buyers and sellers across the industry.

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Brokerage Property Management Agents Real Estate 349

Housing Wire

OCTOBER 23, 2024

Ohio REALTORS, one of the largest and most influential real estate associations in the Midwest, has announced its partnership with HousingWire , the leading source for housing market news and information. This partnership underscores Ohio REALTORS ‘ commitment to supporting its members through education and professional development.

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Realtors Agents Marketing Real Estate 329

Housing Wire

SEPTEMBER 25, 2024

The Alabama Association of Realtors is calling out for change in national membership models. But according to many in the industry, Realtors in Alabama are not the only ones seeking more choice. Image created by AI in Midjourney.)

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Realtors Agents Real Estate Brokerage 361

Housing Wire

SEPTEMBER 11, 2024

Carrion was recently chosen as a 2024 RealTrends GameChanger based on his company’s five-year growth rate in transaction sides. Velt starts the conversation by asking Carrion for background on his purchase of the brokerage. Carrion also leads the firm’s office sales and investment advisory group. Following the Aug.

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Brokerage Agents Real Estate Realtors 373

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

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Brokerage Real Estate Realtors Legal 405

Housing Wire

MARCH 14, 2024

With our commitment to providing insights that housing professionals can make decisions on, HousingWire announced a new partnership with Greater Bergen Realtors , delivering exclusive news, market data and housing research to agents in New Jersey’s Greater Bergen Realtors association. Learn more about HousingWire subscriptions here.

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Realtors Real Estate Agents Housing Market 312

Housing Wire

NOVEMBER 30, 2023

District Court in Chicago indicated this past spring that the trial in the Moehrl commission lawsuit would take place during the first half of 2024. During the hearing, Wood stated that she would be able to “try the case likely in the fourth quarter of 2024.” Ray’s point that this case should stand on its own.”

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Legal Sellers Realtors Law 391

Housing Wire

AUGUST 1, 2024

The company has added independent brokerage Delhougne Realty Group , a St. Joining eXp helps the group mitigate risks related to being independent in a rapidly changing industry environment spurred by the $418 million settlement that the National Association of Realtors agreed to in a class-action antitrust lawsuit filed in Missouri.

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Realty Brokerage Agents Design 294

Housing Wire

MAY 7, 2024

With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. With Pro Teams, a team or brokerage firm is able to maintain its own internal economics and commission models.

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Agents Brokerage Training Business 433

Housing Wire

FEBRUARY 16, 2024

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. The first commission lawsuit in Nevada was filed by Nathaniel Whaley in early January 2024. 16, 2020, and the present. 16, 2020, and the present.

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Real Estate Realtors Realty Brokerage 384

Housing Wire

MAY 9, 2024

In addition to RE/MAX, Anywhere and Keller Williams, NAR, Douglas Elliman , Realty One Group , At World Properties, Compass , HomeServices of America and The Real Brokerage, have also reached settlement agreements. 26, 2024. “We As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5

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Brokerage Realty Sellers Real Estate 379

Housing Wire

SEPTEMBER 18, 2024

In other words, in return for being handed a piece of business, the agent accepting the referral agrees to pay a percentage of their commission to the referring agent (well, to their brokerage, to be specific). The fee is deducted from the receiving agent’s commission at the brokerage level and paid to the referring agent’s brokerage.

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Real Estate Real Estate Agent Agents Brokerage 386

Housing Wire

SEPTEMBER 10, 2024

To help you find the best real estate website builder for your needs, our team of agents, brokers, and tech experts researched and ranked the best real estate website builders for 2024. We looked at pricing, design quality, ease of use, lead generation features, and then combed online reviews to get feedback from other working Realtors.

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Real Estate Agent Real Estate Brokerage Agents 335

Housing Wire

MARCH 27, 2024

Summary The Gathering by HousingWire Realtors® Legislative Meetings 2024 New York Real Estate Forum Buffini and Company Mastermind Summit Tom Ferry’s Success Summit RE!imagine Date: May 4-9, 2024 Location: Washington, D.C. If you’re a member of the Women’s Council of REALTORS®, tickets cost $350 through 5/6 or $375 on-site.

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Real Estate Realtors Agents Real Estate Agent 322

Housing Wire

APRIL 16, 2024

Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing. Let’s delve into the data to glean insights into the agent recruitment climate for the pivotal year of 2024. In light of this forecast, the imperative for brokerages to double down on recruitment efforts is of paramount importance.

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Real Estate Agent Real Estate Agents Brokerage 429

Housing Wire

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. Additionally, like the three other brokerage firms that have already settled, Compass has agreed to make changes to its business practices as part of the settlement.

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Brokerage Realtors Agents Clients 406

Housing Wire

OCTOBER 10, 2024

While the homebuyer commission lawsuits continue to be a thorn in the side of the real estate industry, three corporate brokerages have at least for now recorded a small win. Additionally, the brokerage defendants note that Mullis filed an appeal of the final approval of the firms’ settlement. On Wednesday, Chicago-based U.S.

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Brokerage Real Estate Realtors Sellers 246

Housing Wire

SEPTEMBER 27, 2024

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America. Only 1% reported the usage of flat-fee compensation models.

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Sellers Agents Buyers Brokerage 499

Housing Wire

NOVEMBER 1, 2024

PRO TIP You may see the terms “real estate agent” and “Realtor” used interchangeably. While a Realtor is indeed an agent, the term doesn’t work both ways. To be a Realtor, an agent must be a member of the National Association of Realtors® (NAR). Now, it’s time to join a brokerage. What does a real estate broker do?

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Real Estate Real Estate Agent Agents Brokerage 422

Housing Wire

AUGUST 26, 2024

It kind of started before the [ National Association of Realtors ] settlement went into effect, but commission compression is a real thing,” Brian Huskey, the broker-owner of Montana-based ERA American Real Estate , said. for the four weeks ending January 28, 2024. for a total for both sides of the transaction.”

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Brokerage Agents Real Estate Business 484

Housing Wire

JULY 24, 2024

The Real Brokerage has poached a high-performing Realtor team in Cleveland. Real has been among the fastest growing brokerages since its founding 10 years ago. Earlier in July, the company announced that it has surpassed 20,000 agents, adding about 1,000 agents per month over the course of 2024.

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Agents Brokerage Training Real Estate 401

Housing Wire

JUNE 7, 2024

Engel & Volkers Atlanta , a luxury real estate brokerage, announced Thursday that Christopher Burell is joining the firm as its new chief growth officer. The brokerage includes multiple teams that cover Atlanta , its suburbs and other areas of north Georgia.

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Brokerage Real Estate Realtors Design 354