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The stagnant housing market has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. Another factor is Reals private-label program, which launched in 2024 and allows brokerage affiliates to keep their branding. It posted a net loss of $26.5
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.
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.
Here’s four strategies for leaders looking to maximize growth and position their brokerages and teams for success. Rather than chasing every lead that comes in, focus on attracting clients who are genuinely ready to make a move. Make 2025 your best year yet by investing in the strategies that drive lasting growth.
California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Launched in 2021, Splitero’s main focus is on home equity investments (HEI), which differs from home equity lines of credit (HELOC). Clients must retain a stake of at least 20% in their homes.
As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. It was already available in the states of Arizona, California, Colorado, Oregon, Utah and Washington.
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.
Dallas -based brokerage United Real Estate is expanding its footprint in the Midwest with a new merger. Together, we’re providing the tools agents need to expand their businesses through advanced marketing and education to elevate client experiences. The financial terms of the merger were not disclosed.
White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. Tal and Oren Alexander were superstars among real estate agents in New York City and Miami, having represented ultra wealthy clients at Douglas Eliman before leaving to found Official in 2022.
You can network and build community with other agents worldwide, keep up-to-date on the latest industry trends, stay motivated when you’re feeling discouraged, learn directly from some of the top real estate leaders, and even potentially find new clients! Use these groups to find homes for picky buyers or find deals for your investor clients.
Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. The $15 million investment announced Wednesday from private equity firm LL Funds will help Evernest build a home services platform focused on rental property owners. . This isn’t the only recent acquisition for Evernest.
The Real Brokerage isn’t tapping the brakes on its rapid expansion. The ballooning agent count pushed brokerage revenue to $340 million, an 84% year-over-year improvement. We are investing [in title and mortgage] to drive revenue growth and to enhance the experience for clients,” chief financial officer Michelle Ressler said. “So,
Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.
California-based RE/MAX Proper has acquired All Nations Realty and Investments , an independent brokerage in Rancho Cucamonga. In total, 126 agents and staff members at All Nations have joined RE/Max Proper, increasing the total agent count to 203, up from 70 when the former indie brokerage affiliated with the RE/MAX brand in May.
The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. This is especially true in markets on the fringes of its footprint, or in areas where brokerageclients are moving to or from.
Together, these obstacles are forcing agents and brokerages to hit the sidelines and plan against seemingly insurmountable odds like facing Brady and the Patriots in the Superbowl. Professionals should also leverage technology to give clients the best experience for the biggest decision of their lives. Isn’t that promising?
I also include tips and tricks to help you find your first clients faster than most new agents. Since most brokerages will hire you as an independent contractor instead of an employee, the risk they’re taking is minimal. What do you think about X brokerage? Let’s dive in! What are the fees and commission split structure?
Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies? Presented by: Axis Technical Group.
Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As
The brokerage firm will be owned and operated by Jerry Mooty Jr., Romeo Manzanilla, a seasoned Austin brokerage leader, was appointed principal, chief operating officer, and broker of record for the new firm. “I’m Christie’s International Real Estate is poised to enter the Austin market this fall as it launches a new affiliate.
In the competitive world of real estate recruitment, brokerages fight for the attention and loyalty of talented agents who can drive their success. As the lifeblood of the industry, agents play an important role in attracting clients, closing deals and determining the ultimate profitability of a brokerage.
In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. Good CRE title firms know their clients; understand their clients’ clients and know the markets where their customers operate. And why not? It’s not as simple as flipping a switch.
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 agents 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. When you buy through our links, we may earn a commission. So, where do you start? Why send a regular real estate newsletter?
Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments. The annual investment volume in the U.S.
Action plan: Invest in referral platforms that deliver pre-qualified, high-intent referrals. Implement marketing automation tools to ensure consistent outreach to prospects and clients. Action plan: Develop client-centric processes that make transactions seamless and stress-free.
It must be emphasized that Plaintiffs’ counsel could have engaged an outside forensic accountant if they believed it appropriate to do so—they clearly have made a substantial investment in experts in this litigation,” Spring Way’s filing states. So far, the NAR settlement is the only one that has been granted preliminary approval.
In the past, when brokers thought about low-fee brokerage firms, they thought of low service. But, there’s a new breed of low-fee brokerage (not to be confused with a discount brokerage which offers a low commission to buyers and sellers), that is a hybrid between a 100% model and a traditional brokerage.
Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed James F. Wood, the brokerage announced on Tuesday. With more than 16 years of real estate experience, Wood brings extensive expertise in sales, rentals and real estate investing.
With competition for online leads heating up, we think AgentFire’s brand-first approach can be a game changer for brand-conscious agents, teams and even boutique brokerages. Their most customized, fully supported options are expensive, but they are perfect for teams and brokerages with established brands and lead nurturing systems in place.
homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. When the home sells or the homeowner settles the investment within the 10-year period. Based on the notion that far too many U.S.
real estate brokerage Compass announced Wednesday that it has hired Hal Bennett, a high-producing agent based in the Seattle area. Compass’ investment in AI and tools that optimize our workflow is remarkable.” 1 brokerage last year with more than $184 billion in sales volume, and it ranked No. Bennett ranked No. 17 with $47.7
The investment by Stone Point, a financial services-focused private equity firm, will help Lone Wolf streamline its end-to-end experience for agents and brokers and accelerate organic and inorganic product development, the company said. . million agents, 8,000 brokerages and hundreds of MLS ’ and associations in North America.
This is the seventh edition of the private investment bank’s quarterly survey. And 90% of agents at what Stephens refers to as “traditional” brokerages — which includes firms like RE/MAX , Anywhere , Keller Williams , Compass and Douglas Elliman — reported being fully or somewhat prepared.
During the conversation, Velt and Elfman discuss the delicate art of balancing technology and artificial intelligence (AI) usage with developing client relationships. Elfman: A lot of the adoption issues are because of the relationship between an agent and a brokerage. This conversation has been edited for length and clarity.
Real estate closing gifts personalize and ultimately strengthen the relationship between you and your client, which can lead to a string of referrals. Dos and dont’s of client gift giving Your clients just closed on a new home or sold their property with you, and its time to celebrate! Clients always on the go?
I was 19, tired of long hours at Beau Jos Pizza, and ready to invest in my future. Thats when I came across a real estate investment series on VHS by Carlton Sheets (remember VHS?). It can also give your clients peace of mind to know youve planned for any incidents. Does this brokerage offer the training and tools I need?
It’s an investment for the long term, strategically building the broker channel.” billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. Multibillion dollar investment.
Agents, teams and brokerages are now seriously reconsidering the technology platform, tools and services needed to effectively do business today. By relying on AI-powered chatbots, for example, potential clients can interact and ask questions via a broker web site while a chatbot intelligently handles the request.
The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. Although this news is positive for agents and brokerages that need the revenue to support their already tight margins, they appear to be anticipating a shift to slightly lower commissions.
Lone Wolf’s other acquisitions include: W+R Studios , LionDesk , HomeSpotter and Terradatum so that Lone Wolf’s technology suite includes solutions for marketing, CRM, CMA, transaction management, eSignature, brokerage operations, insights and analytics, talent management, as well as ancillary tools and services.
They will cater to clients seeking to purchase, sell or invest in luxury real estate throughout the Greater Nashville area. Since its inception, the brokerage has onboarded more than 30 top agents, including Roi Klipper, Sweta Patel, Melissa Rubenstein, Jacki Lee and Jina Kusuman.
The Real Brokerage has appointed Christian Wallace as chief of integrated home services, the company announced on Thursday. Prior to joining the brokerage , Wallace worked at some of the leading companies in the industry, such as Rocket Homes , Better.com , Opendoor and Farmers Insurance.
TTV Capital , Moderne Ventures , Erez Capital and other venture capital firms led the round of investment. With this capital infusion, the company aims to accelerate its product development, grow its team and pursue market penetration with real estate brokerages, MLS associations and other proptech companies nationwide. “We
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