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15 Facebook groups every real estate agent & broker should join today

Housing Wire

While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for real estate agents 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.

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World’s first AI real estate agent has already made $100M in sales

Housing Wire

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. “We have more than 5,000 properties currently in our portfolio.

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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

By contrast, legacy brokerages did not perform nearly as well. Anywhere Real Estate , Douglas Elliman, and eXpall among the largest in the country grew revenue less than 1%, 4%, and 7% year over year, respectively. Technology is part of the story. Because agents are the heart of the business.

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AI usage is becoming the new standard for most brokerages

Housing Wire

The use of artificial intelligence (AI) is becoming the new norm for many real estate agents and brokerages. Real estate 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.”

Brokerage 259
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Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

Rocket Companies has announced that it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction for a value $1.75 Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Kelman.

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Unexpected trends in real estate agent dynamics

Housing Wire

Relitix’s latest release of the Agent Movement Index (AMI) for April 2024 reveals a surprising shift in the dynamics of real estate agents , indicating potential changes in market conditions and strategies among brokerages. The propensity for agents to move has been increasing since early fall of 2023.

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Real Brokerage leverages agent count growth for soaring revenue

Housing Wire

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. Instead, its continuing to add agents at an explosive rate. Real credited its technology offerings and business model for the explosive growth in agents.

Brokerage 368