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Whether you’re looking to start a career in realestate, already have one or are involved in realestate transactions, you may find yourself wondering about industry terminology and job titles. So, let’s start with the basics: What is a realestate broker vs. an agent? Why become a realestate broker?
Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional realestateagent is the best way to sell. Of the 73% who said they preferred using agents, 67% believe traditional realestateagents are still the best option and 6% favor discount agents.
While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for realestateagents to grow their business in a variety of ways. Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox. Join Lab Coat Agents 2.
When I started my first brokerage in my late twenties, I was full of ambition but had no idea what to expect. If your dream is to own your own brokerage and manage a team of top-performing agents, leading your team to success means much more than hanging a new license on your wall. The terms used vary by state.
This cycle of ascent and decline is also evident in the residential brokerage industry. However, whether measured by agent count, transaction volume, or market share, their once-commanding leads have diminished. The same can be said for many regional and local brokerage firms that were once dominant but have since lost ground.
By contrast, legacy brokerages did not perform nearly as well. Anywhere RealEstate , Douglas Elliman, and eXpall among the largest in the country grew revenue less than 1%, 4%, and 7% year over year, respectively. Consumers purchase homes, but Compass touts its technology among prospective realestateagents.
Understanding that realestate housing markets are hyperlocal, the RealTrends Verified City Rankings represent the newest evolution of RealTrends agent and team rankings. This year’s inaugural rankings feature agents and teams from 50 cities across the U.S., However, Leading RE agents and team bested the sales volume.
Theres no one-size-fits-all solution when it comes to finding the right transaction management software for your realestate business. 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.
Israeli startup eSelf AI has developed a technology that provides interactive AI realestateagents capable of answering questions and guiding prospective buyers through listings at any time. “We have more than 5,000 properties currently in our portfolio.
Commissions paid to realestateagents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Buyer’s agent commissions have fallen 17 basis points since January 2023, when they averaged 2.51%.
Leading realestatebrokerage 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 RealEstate (JRE). Several JRE agents serve on local boards and nonprofits across the island.
What has changed for realestatebrokerages since then? 31, 2023, and has since reshaped the business practices for realestatebrokerages and agents across the country. While many, like Kelly, consider the new practices a positive for agents and consumers, implementing them was no small task.
Confusion and chaos are still a reality for some realestate professionals in the wake of the NAR settlement-mandated business practice changes, but preparation has been key to minimizing the negative impacts. Although the world didn’t end for the realestate industry on Aug.
The RealBrokerage 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.
Brokerages are scrambling to adapt to the post-settlement landscape of realestate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The addition of teams is an efficient way for major brokerages to bolster agent counts and boost sales volumes on their income statements.
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.”
Youve likely heard about realestate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Its important to understand how realestate teams work for you to decide whether its the right career move for you. How do realestate teams work?
The stagnant housing market has brokerages across the country on their knees, but The RealBrokerage isnt waiting for market conditions to improve to grow its business. Instead, its continuing to add agents at an explosive rate. Real credited its technology offerings and business model for the explosive growth in agents.
In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a realestateagent trade group that aims to serve as an alternative to the National Association of Realtors (NAR). My mission is more accomplished if the American RealEstate Association becomes a big, huge thing, and we crush it.
Dallas -based brokerage United RealEstate is expanding its footprint in the Midwest with a new merger. This week, Kansas City -based United affiliate partner Platinum Realty will merge its operations with SunWest RealEstate Advisors. The financial terms of the merger were not disclosed.
Next year, realestate brokers and team leaders can adapt, innovate and truly thrive in the new market. Here’s four strategies for leaders looking to maximize growth and position their brokerages and teams for success. First, you free up your agents to focus on what they do best: closing deals.
Dallas -based United RealEstate has announced another strategic expansion in the Carolinas. Charlotte -headquartered United RealEstate Queen City will open a new affiliate location in Fort Mill, South Carolina. According to a company statement, this move will strengthen the brokerage’s presence in the Carolinas.
It has already been a busy week for Howard Hanna RealEstate Services (HHRES) and it is only Thursday. The family-owned brokerage firm announced the completion of two acquisitions on Wednesday. Alliance Group Realty was founded in 2011 by Bob Clarkson and currently has over 70 agents. The firm is led by Jeff Owens.
Chicago-based Maverick Systems is rapidly expanding its realestate data analytics platform nationwide, offering brokerages a new tool in the competitive landscape for experienced agents. The company is currently profiling about 200,000 realestateagents across the U.S.
Some of the most powerful women in realestate have taken the industry’s coaching space into their own hands. A group of current and former realestate executives have launched The Helm, a coaching platform designed to provide professional development to a more diverse audience.
In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Tiffani Marroquin, head of growth and innovation for JPAR RealEstate. They discuss the utility of artificial intelligence (AI) for the realestate industry, as well as JPARs solutions designed to enhance agent and brokerage performance.
United RealEstate announced on Wednesday a major expansion move in South Florida. United’s subsidiary Charles Rutenberg Realty Fort Lauderdale (CRR) will merge with RealEstate Authority LLC. This marks United RealEstate’s second expansion move this month. billion in sales.
In a new episode of the “RealEstate 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 realestate and Zillow’s “ Super App.” That got me here in 2009 and kept me ever since.
The use of artificial intelligence (AI) is becoming the new norm for many realestateagents and brokerages. Realestate 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.”
Despite 2025 housing market predictions changing fast , there are still key themes and trends for realestate leaders to watch to best serve their clients and business. 26 in Dallas to hear her full session on realestatebrokerage economics. JL: Realestate leaders all have niches that they become experts in.
Brokerage giant eXp Realty is adding a superstar agent to its ranks. The company announced the recruitment of Phoenix -based agent Joshua Smith, a high producer who closed 297 transactions in 2023. Smith is the latest addition to eXp Realty’s expanding global agent network. agents by the The Wall Street Journal.
The latest data for September 2024 reveals a significant downturn in agent mobility, with the seasonally adjusted metric hitting its lowest point for September in eight years. This decline suggests that agents are increasingly hesitant to switch brokerages as we move deeper into the fall season. a monthly score of 87.4,
In the newest episode of the “RealEstate Insiders Unfiltered” podcast, hosts James Dwiggins and Keith Robinson sit down with Robert Morris, a realestate broker, trainer and veteran agent at Keller Williams Capital Properties. Robert Morris: I would say this is the best time to be in realestate.
New Orleans -based United RealEstate Partners is continuing to expand. On Thursday, the firm announced a merger with RealEstate Resource Group. This enables organic agent growth and mergers and acquisitions alike.” It was important to ensure our agents were comfortable with the move.
The realestate industry is already in a whirlwind and the year has barely kicked off. Firstly, realestate professionals are facing an unyielding storm of new challenges. For example, changing agent commission guidelines and emerging lead contact regulations are keeping professionals up at night.
Virginia-based River City Blues Realty has merged with United RealEstate Richmond to form RVA Blue Realty , according to an announcement on Wednesday. United RealEstate Richmond is the largest Black-owned realestatebrokerage in America, founded by brothers John S Finn Jr. and Jeffrey S Finn.
The latest data through February 2025 shows agent mobility dropping across all tracked measures, signaling an unexpected dip as the realestate industry heads into its traditionally active recruiting season. Brokerages appear cautious, and agents are clearly more selective about their moves.
In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Portside RealEstate Group CEO Dava Davin to discuss the importance of buyer consultations, brokerage leadership styles and ancillary solutions for brokerage growth in 2025. Velt: You are the sole owner of the brokerage.
Recruitment efforts have been a mainstay of The RealBrokerage ‘s growth efforts in 2024. And the digital brokerage platform continues to grow this week with another affiliation. Following this move, 150 agents are joining Real’s platform and strengthening its presence in ROVI’s areas.
You’re probably aware that each state has its own realestate license requirements, unique laws and regulations around realestate licensure. What is realestate license reciprocity? Realestate license reciprocity varies by state. No Reciprocity: This is exactly what it sounds like.
In this week’s episode of the Power House podcast , host Diego Sanchez sits down with FirstTeam RealEstate CEO Michele Harrington for a provocative conversation about female empowerment, leadership in the realestate industry and recruitment strategies. We’ve always been a new-agent company.
Compass is certainly known for luxury property sales , but the nation’s top brokerage based on sales volume is looking to offer even more support to agents working on these types of deals. On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes.
Realestateagents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. In this article, weve compiled 49 compelling realestate newsletter ideas and subject lines. So, where do you start?
The duo explore the current state of mergers and acquisitions, team-based brokerage models, commission compression, and growth opportunities for agents and brokers. To start the conversation, Velt and Murray dive into the current state of mergers and acquisitions in the realestate industry. What is the secret to that?
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