Housing Wire

SEPTEMBER 23, 2024

The Real Brokerage has expanded its footprint into the Richmond, Virginia , area. On its second-quarter 2024 earnings call, the brokerage reported adding almost 3,000 agents between April and June, up 70% from the same period last year and up 250% from Q2 2022. Real has been on a tear lately in adding agents.

Brokerage 447

Brokerage Agents Real Estate Finance 447

Housing Wire

AUGUST 22, 2024

Seattle -based real estate brokerage Redfin imposed a new round of layoffs on Thursday, a development first reported by GeekWire. Amid the flurry of commission lawsuits across the country over the past year, brokerages like Redfin have restructured their compensation plans to retain existing agents and attract new ones.

Brokerage 424

Brokerage Agents Real Estate Insurance 424

Housing Wire

AUGUST 15, 2024

The new rules mandated by the National Association of Realtors ‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are scrambling to find the best ways to implement them. Next week, the brokerage will offer daily interactive training and role-play sessions.

Brokerage 445

Brokerage Training Agents Clients 445

Housing Wire

OCTOBER 9, 2024

If commission rates drop significantly as a result of the National Association of Realtors antitrust lawsuit settlement, it’s potentially an existential threat to many brokerages. That’s because many large brokerages still pay for office space and middle management. But which ones and how many?

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Brokerage Real Estate Agents Realtors 401

Housing Wire

OCTOBER 31, 2023

During their testimony, the home seller plaintiffs and their lead attorney Michael Ketchmark argued that despite the defendants having antitrust rules and regulations in place, the trade group and corporate brokerages knowingly violated their own rules in order to maintain high commission rates.

Brokerage 545

Brokerage Realtors Sellers Buyers 545

Housing Wire

SEPTEMBER 3, 2024

As it became clear that many real estate professionals are in need of guidance, brokerages and industry leaders have launched a variety of educational resources and training courses for agents and brokers. The webpage is open to agents across the industry regardless of their brokerage affiliation.

Brokerage 436

Brokerage Agents Real Estate Real Estate Agent 436

Housing Wire

AUGUST 5, 2024

Brokerage stocks were especially mixed. The Real Brokerage and Anywhere fell by 5.2% Rocket Mortgage, which has a huge refinance business, added 3% in value. loanDepot rose 2.3% and Guild Mortgage stayed flat, although other lenders — including Mr. Cooper , Pennymac and Newrez parent Rithm Capital — sustained substantial losses.

Brokerage 454

Brokerage Marketing Real Estate Mortgage 454

Housing Wire

OCTOBER 2, 2024

The brokerages and non-Realtor-owned MLSs that decided to opt in to the National Association of Realtors’ (NAR) commission lawsuit settlement agreement can breathe a sigh of relief. Through Bough’s approval, the MLSs and brokerages that opted in to NAR’s settlement have been added to the larger case. As expected, Judge Stephen R.

Brokerage 412

Brokerage Realtors Legal Real Estate 412

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Each LO is closing 12 loans per month with an eventual goal of 15 to 20.

Lending 447

Lending Brokerage Human Resources Real Estate Agent 447

Housing Wire

JANUARY 14, 2025

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. Now you have to do some tedious stuff.

Real Estate 291

Real Estate Brokerage Agents Real Estate Agent 291

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 390

Brokerage Realty Agents Real Estate 390

Housing Wire

SEPTEMBER 25, 2024

The Real Brokerage has scored a 13-for-1 deal. The Real Brokerage has been adding agents at a torrid pace over the past few years. RealD2D is led by agent and coach Duane Richins, who brought a unique background to his real estate career that began in 2016.

Brokerage 397

Brokerage Agents Client Relationships Real Estate 397

Housing Wire

AUGUST 6, 2024

17 implementation deadline for these changes, brokerages like eXp are finding themselves sorting out their forms. As the largest brokerage in the country by transaction sides in 2023, Pareja said it made sense for eXp to create its own forms. “We And as the clock continues to count down to the Aug.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

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.

Brokerage 386

Brokerage Agents Technology Clients 386

Housing Wire

SEPTEMBER 11, 2024

Velt starts the conversation by asking Carrion for background on his purchase of the brokerage. He plans to focus on M&A efforts with other brokerages, day-to-day sales, and the recruiting of new agents and other professionals to keep the momentum going.

Brokerage 404

Brokerage Agents Real Estate Realtors 404

Housing Wire

OCTOBER 31, 2024

The family-owned brokerage firm announced the completion of two acquisitions on Wednesday. It has already been a busy week for Howard Hanna Real Estate Services (HHRES) and it is only Thursday. The financial terms of the deals are not being disclosed.

Brokerage 338

Brokerage Realty Real Estate Agents 338

Housing Wire

OCTOBER 31, 2024

Much to the relief of some of the nation’s largest brokerage firms, Judge Stephen R. million) , The Real Brokerage ($9.25 Similarly, The Real Brokerage settled with the Umpa plaintiffs in early April, prior to the consolidation. The Gibson defendants that now have final approval of their settlements are Compass ($57.5

Brokerage 367

Brokerage Real Estate Realtors Realty 367

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 447

Brokerage Landlords Law Realty 447

Housing Wire

AUGUST 12, 2024

Many brokerage firms are trepidatiously moving to a model with no cooperative compensation in light of the impending business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. Peter Voss at 3% Listing Co. is wondering what took them all so long to make the switch.

Brokerage 432

Brokerage Agents Sellers Buyers 432

Housing Wire

DECEMBER 9, 2024

In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Portside Real Estate 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.

Brokerage 258

Brokerage Real Estate Buyers Business 258

Housing Wire

OCTOBER 18, 2024

As he sees it, if a brokerage like Howard Hanna succeeds in having a case against them dismissed, they could potentially still publish offers of buyer broker compensation on the MLS, if the local MLS still allows it.

Brokerage 355

Brokerage Real Estate Law Realtors 355

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. The motion was filed on Thursday in U.S. District Court in Phoenix. and Tierra Antigua Realty.

Realty 315

Realty Brokerage Realtors Real Estate 315

Housing Wire

DECEMBER 5, 2024

Processing is a big piece of what brokerages care about, so we have a copilot that we’re getting feedback on and plan to have six or seven copilots that will launch next year. We’ve trained our AI models to be extremely specific to help agents, brokerages and end customers as well. SW: Tell me more about your background.

Brokerage 284

Brokerage Training Real Estate Agents 284

Housing Wire

OCTOBER 9, 2024

In its race against other brokerages to add agents, eXp Realty has scored big in California. Prime Real Estate Team is leaving the white-label brokerage Side and taking its 21 agents to eXp. eXp is one of a few national brokerages that are adding agents and teams at a rapid pace.

Realty 437

Realty Agents Brokerage Real Estate 437

Housing Wire

JUNE 4, 2024

The recent announcement of Homie’s decision to strip its brokerage services and end employment for its real estate agents has once again brought the discussion of alternative models in real estate to the forefront. Many limited service brokerages have faced similar hurdles in their quest to disrupt the status quo.

Real Estate 451

Real Estate Brokerage Clients Realtors 451

Housing Wire

AUGUST 26, 2024

Their brokerage firms, which rely on a split of those commissions for revenue, may also find themselves in a tough spot. Data from real estate accounting software provider AccountTech shows that brokerages with profit margins of 3% or less run the risk of falling into the red with even a minor decline in commission rates.

Brokerage 499

Brokerage Agents Real Estate Business 499

Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. 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.

Brokerage 506

Brokerage Legal Agents Realty 506

Housing Wire

NOVEMBER 4, 2024

The Real Brokerage ‘s expansion trend has continued with another major acquisition. The digital brokerage platform announced on Monday the addition of Amerivest Realty , a Florida-based brokerage, adding 400 agents across Florida , Colorado , Minnesota and Wisconsin to Real’s platform.

Realty 381

Realty Agents Brokerage Tools 381

Housing Wire

DECEMBER 2, 2024

Ryan Serhant ’s eponymous brokerage has been in rapid growth mode this year following the success of the Netflix show “Owning Manhattan,” and now investors want in on the action. Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE.

Development 362

Development Brokerage Technology Real Estate 362

Housing Wire

OCTOBER 21, 2024

In the suit, Homie claims it was harmed by the anticompetitive practices of NAR and the brokerage defendants. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS. But the defendants note that unlike the consumer-driven suits, Homie did not purchase brokerage services from any of the defendants.

Brokerage 416

Brokerage Real Estate Agent Real Estate Sellers 416

Housing Wire

JANUARY 6, 2025

According to the announcement, Chris will be tasked with providing strategic counsel on strengthening relationships, building trust and enhancing collaboration with brokerage leaders. NAR said this outreach will focus on creating an open dialogue with brokerage leaders and finding more opportunities to better support NAR members.

Brokerage 365

Brokerage Real Estate Realtors Realty 365

Housing Wire

JULY 8, 2024

These brokerage firms and leaders are changing the game in real estate. This year, we chose seven independent brokerage firms and 10 franchises who grew their businesses at astronomical rates. According to Marianne Drenik, who co-owns the brokerage with Greg Pernus, the firm’s growth is 100% organic.

Brokerage 428

Brokerage Real Estate Agents Contracts 428

Housing Wire

OCTOBER 11, 2024

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, 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.

Real Estate 422

Real Estate Brokerage Legal Agents 422

Housing Wire

DECEMBER 27, 2024

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. From managing compliance to automating commission disbursements, its built to grow with your brokerage.

Real Estate 317

Real Estate Brokerage Contracts Tools 317

Housing Wire

AUGUST 22, 2024

.” The company noted that if it had “been allowed to compete with Defendants and their co-conspirators, it would have gained market share at Defendants’ expense while posing a competitive check on Defendants’ ability to charge exorbitant prices for brokerage services to consumers.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

DECEMBER 23, 2024

Rocket Homes, Jason Mitchell, and JMG Holding Partners LLC (dba The Jason Mitchell Group), along with affiliated brokerages operating in 41 states and the District of Columbia, are named as defendants in the case, filed in the U.S. Rocket Homes also repeatedly pressured real estate brokerages to hit a capture rate of 80%.

Real Estate 414

Real Estate Brokerage Clients Agents 414

Housing Wire

JANUARY 9, 2025

The Hooper commission lawsuit plaintiffs and the brokerage defendants that have reached proposed settlement agreements are looking to make things official. The four brokerages have agreed to business practice changes, as well as total payments of $44.05

Brokerage 341

Brokerage Real Estate Sellers Development 341