This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
By contrast, legacy brokerages did not perform nearly as well. Among publicly traded companies, Compass has done technology development and implementation better than most of its peers. And among privately held brokerages, the one executing most effectively on what Compass is proving in the public markets is SERHANT.
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.
Michele Harrington: After entering real estate sales right out of the Marine Corps , I built my own brokerage. Our licensing school brings in brand-new agents, whom we train and develop to help them become superstars. The duo start the conversation by exploring Harrington’s path into the CEO’s role at FirstTeam.
Leading brokerage Compass announced some key leadership moves this week to bolster its operations in the Southeast, including Florida. The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. It is the nation’s leading brokerage by sales volume.
Leading real estate brokerage 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 Real Estate (JRE). Co-owners Gloria Grimshaw and David Callahan acquired the brokerage from founder Lucille Jordan in 2007.
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
Here’s four strategies for leaders looking to maximize growth and position their brokerages and teams for success. By keeping your P&L lean and efficient, you can reinvest savings into growth-focused activities like marketing, agent development or technology upgrades—all of which drive long-term success.
This decline suggests that agents are increasingly hesitant to switch brokerages as we move deeper into the fall season. Agents Exiting the Industry: There may be an uptick in agents who are planning to leave the real estate industry altogether, reducing the pool of professionals interested in changing brokerages.
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.
Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage is highly dependent on the recruiting, retention and production of independent contractor sales agents. approach to value.
The company added Circa Properties , another boutique brokerage with a strong local presence, but the merger is more about alignment than anything else, according to RedKey leaders. “I truly think that a brokerage is in the talent management business. RedKey Realty Leaders , an independent agency based in St.
“As we continue to invest deeply into providing our KW-affiliated brokerages support for the development of their team leaders and operating principals, we are excited to welcome Shanan, who will spearhead those efforts,” KW President and CEO Mark Willis said in a statement. “An
South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The post Movement Mortgage acquires brokerage Superior Rate appeared first on HousingWire. The terms of the deal were not disclosed.
Invariably, these same articles classify all real estate brokerages and models as identical. Perhaps there are internal policies within some of the companies that are standardized, but the categorization of all brokerages as identical showcases the ignorance of the author. That’s a 20% reduction in revenue for the brokerage.
Access your growth playbook From the pandemic-fueled frenzy to the sobering reality of a post-pandemic slowdown,, real estate brokerages were locked in a relentless quest for growth—eager to expand market share while trimming operational fat. However, RealTrends GameChangers defied the odds and outperformed their peers.
Dallas -based brokerage United Real Estate is expanding its footprint in the Midwest with a new merger. Last week, it announced an expansion in the Carolinas as United Real Estate Queen City , an affiliate brokerage, opened a new location in Fort Mill, South Carolina. The financial terms of the merger were not disclosed.
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 brokeragedeveloped teams — also called units — headed by captains who are successful agents with high lead conversion rates.
First Team Real Estate , the largest independent brokerage in California , left Christie’s International Real Estate , the company first told Inman on Wednesday. We provide them with what they need to grow their businesses, offering the opportunity to be part of a great company culture while empowering them to develop their own teams.”
Indie brokerage Legends Real Estate has joined The Real Brokerage , expanding Real’s footprint in No rt hern California. Industry veteran John Pope founded the Sacramento-based brokerage in 2020 and will serve as a regional broker for Real. As part of his new role, he will oversee Northern California for the brokerage.
Scott Mitchelson is joining The Corcoran Group as senior vice president of global development, the company announced on Tuesday. Before joining Corcoran, Mitchelson was the regional president of Windermere Real Estate , a Pacific Northwest-based luxury brokerage.
The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire. “We
added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Publicly traded real estate software firm reAlpha Tech Corp. reAlpha agreed to pay Be My Neighbor an aggregate purchase price of up to $6 million. This consists of $1.5 million in cash paid on the closing date, $1.5
The company said it hired the four executives to focus on developing its products and services for real estate professionals nationwide. “We have a strong portfolio of products that support consumers, agents , teams, brokerages and brands. Before that, he led product development and cloud transformation at CARFAX Canada.
William Raveis has added its name to the ever growing list of brokerage defendants who have settled the commission lawsuits. In October 2024, Judge Bough granted final approval to the settlements reached by nine other brokerage defendants in the suit. The settlement terms and financial amount have not yet been disclosed.
In today’s RealTrending Pritesh Damani , CTO for The Real Brokerage , shares how his team developed Leo, an AI assistant for teams and brokers. More than that, he discusses potential uses for brokerage leaders in streamlining business and recruiting. Here is a small preview of today’s interview with Pritesh.
Instead, they pay the brokerage a flat fee per transaction. Like many other brokerages , United will be focused on growth in 2025. As United looks to scale, Haase said the brokerage leans on its proprietary technology stack to efficiently add new agents and brokers. The need for this model is more apparent now than ever before.
The Paris-based brokerage is launching its Florida operation on Friday, marking its first expansion into the U.S. According to iad, the brokerage is the No. 1 brokerage by transaction sides in France, as well as No.3 The firm was founded in 2008 and currently operates in France, Portugal, Italy, Spain, Germany and Mexico.
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 its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test.
A group of current and former real estate executives have launched The Helm, a coaching platform designed to provide professional development to a more diverse audience. They allege that the brokerage repeatedly ignored complaints about the men due to their financial success.
Weve built an incredible foundation and as we focus on each agents personal development and their continual sales growth, we welcome the partnership and backing from the team at Stone Point Capital. In addition to the partnership with Stone Point, the firm also announced leadership changes.
Israeli startup eSelf AI has developed a technology that provides interactive AI real estate agents capable of answering questions and guiding prospective buyers through listings at any time. Porta da Frente Christies CEO Joo Clia told Fox Business that the firm has seen great results since live-testing the AI agent about a year ago.
On Thursday, eXp Realty announced that, as a brokerage, it was signing on to abide by Zillow s standards for listing transparency. Errol Samuelson, Zillows chief industry development officer, said the company is defining public marketing as anything from a yard sign to posting the listing on social media or the listing brokers website.
As a panel of real estate leaders gathered to discuss the future of the MLS at the National Association of Realtors ‘ NXT conference in Boston, Errol Samuelson , Zillow ‘s chief industry development officer, found himself and his company in a bit different standing than usual with the audience of several hundred agents and brokers.
RealTrends Verified first arrived on scene in March 2024 as the first dual-verified real estate sales performance platform that highlights brokerages , agents and teams that deserve to stand out among their peers. With new updates and larger datasets, agents and brokerages will benefit from better visibility at the local level.
Name Job Title Company Name Alejandro Franco Vice President of Finance and Controller Cairn Real Estate Holdings Allyson Jackson Executive Vice President Finance and Treasury Planet Home Lending Amit Arora Chief Investment Officer Opendoor Andrey Gunin Chief Financial Officer A&D Mortgage Bill Warden Chief Financial Officer Dark Matter Brandon (..)
In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?
Join Emily Peckham’s FSBO Mastermind Other Facebook groups to explore Here are some other types of Facebook groups you should seek out and explore to meet new clients, uncover hidden properties coming to market in your area, or network within your brokerage or brokerage brand. Many cities have multiple groups.
The Real Brokerage brought in more than 10,000 new agents in 2024 while surpassing a $1 billion in annual revenue, according to fourth-quarter and fiscal-year earnings Thursday.
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 brokerage clients are moving to or from.
NAR noted in the release that the policy was developed after many months of consultation with MLS and association leadership, brokerages, agents, multi-cultural organizations, and industry experts. Under the new policy, NAR has created a new category of exempt listings known as delayed marketing exempt listings.
We have spoken to our members around the country and developed this plan with a working group and the leadership of our trade group, Haber told HousingWire in an email. Hes also made no secret of Compasss interest in building an inventory of exclusive listings to make the brokerages site a destination for home shoppers.
New York City -based brokerage SERHANT. is promoting its new development director, Jennifer Alese, to the position of chief business officer, The Real Deal reported on Monday. Alese will be the company’s first chief business officer, and Carolyn Sebba will replace Alese as the new development director. The future of SERHANT.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content