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This cycle of ascent and decline is also evident in the residential brokerage industry. The same can be said for many regional and local brokerage firms that were once dominant but have since lost ground. Then, eXp Realty eclipsed Keller Williams with its cloud-based, revenue-sharing approach. The question is: who will be next?
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. There are a lot of synergies between eXp Realty and Sisu,” said Sisu CEO Brian Charlesworth.
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. According to the motion, the desire to dismiss the suit comes from Realty ONE Groups settlement in the Gibson suit , which was granted final approval in late October.
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). William Raveis also acquired New England-based Molisse Realty Group in late 2023.
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.
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.
Brokerage giant eXp Realty is adding a superstar agent to its ranks. Smith is the latest addition to eXp Realty’s expanding global agent network. According to the brokerage, Smith has been a standout in the realestate business for 20 years. .
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.
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.
There’s a reason why eXp Realty regards itself as the “the most agent-centric brokerage on the planet.” eXp announced this week the affiliation of Kris Caldwell, a veteran realestate leader with expertise in Colorado ‘s Front Range and leading mountain communities. Bank and JPMorgan Chase.
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.
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.
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.
RedKey Realty Leaders , an independent agency based in St. 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. RedKey Realty is the top independent realestate agency in St.
eXp Realty continues to add agents and teams at a fast clip. The company announced the addition of the Maine -based Realty ONE Group, a 36-agent team that has closed 338 transactions totaling $128 million in sales volume so far this year. The team is led by Steven Brackett, who has been part of Realty One Group for six years.
Lamacchia Realty is continuing its acquisition spree. The owners of Stone Ridge Properties have created a tremendous company that happens to be a seamless cultural fit for us,” Anthony Lamacchia , the broker-owner of Lamacchia Realty, said in a statement. Through the acquisition, Lamacchia Realty gains 33 new agents.
For Realty ONE Group , 2025 is poised to be a year of growth, but according to company chief operating officer and chief financial officer Mike Clear, that isnt anything out of the ordinary. On the brokerage side, we [work to] attract agents to the brand and expose them to our unique model. We are preparing for more growth.
New Orleans -based United RealEstate Partners is continuing to expand. On Thursday, the firm announced a merger with RealEstate Resource Group. Earlier this year, the firm announced another merger with Team Geaux Realty. This enables organic agent growth and mergers and acquisitions alike.”
United RealEstate is growing in Dallas. The nation’s eighth-largest brokerage today announced a merger between existing affiliate United RealEstate I DFW Properties and Fort Worth-based Stryve Realty. Financial terms of the deal were not disclosed. That merger added approximately 100 agents.
In a document filed on Friday with the Securities and Exchange Commission (SEC), the firm announced the termination of Douglas Elliman Realty CEO Scott Durkin, as first reported by The New York Times. Douglas Elliman continues to shake up its leadership team. According to the filing, Durkin was “terminated, effectively immediately.”
The Housing Rights Initiative (HRI) is taking aim at 165 realestate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. The suit alleges that realestate professionals discriminated against low-income families who were looking to use Housing Choice Vouchers.
Sherry Chris may have retired from her role as president and CEO of Anywhere Expansion Brands including the Better Homes and Gardens RealEstate (BHGRE) and ERA RealEstate brands but that doesnt mean she hasnt been keeping busy.
The moment felt surreal and inspiring for Chris Trapani and Ryan Iwanaga, co-founders of the Christie’s International RealEstate Sereno brokerage, as they repurchased their independence from @properties. Sereno operated independently for 16 years, starting in 2006 after the co-founders left Coldwell Banker Realty.
Launched in 2004, Redfin was named after the companys mission to redefine the realestate industry. At the same time, agent counts at other publicly traded companies have exploded, with The RealBrokerage (+1,173%), Fathom Realty (+136.6%), Compass (+78.8%) and eXp Realty (+64.9%) leading the way.
There’s a new brokerage on the block. The recently launched Realty of America (ROA) is a fully virtual brokerage co-founded by CEO Eddie Garcia, President Mark Dimas, chief culture officer Erinn Nobel and chief operating officer Peter Nobel.
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.
With technology changing faster than new agents answer phone calls, choosing the right realestatebrokerage software can sometimes feel like a full-time job. Here’s why: Good software might help your brokerage stay afloat in a post-lawsuit market. The looming chaos from the commission lawsuits sure isn’t helping.
Daily, my inbox contains another article regurgitating the same tired rhetoric about the realestate lawsuits and the (proposed) settlements. Invariably, these same articles classify all realestatebrokerages and models as identical. That’s a 20% reduction in revenue for the brokerage. That’s just false.
eXp Realty is expanding its footprint in Missouri. The company has added independent brokerage Delhougne Realty Group , a St. He founded Delhougne Realty Group in 2021. “We are thrilled to welcome Matt Delhougne and his team to the eXp Realty family,” eXp Realty CEO Leo Pareja said in a statement.
Top-performing independent Florida brokerage Premiere Plus Realty has chosen to affiliate with Dallas-based United RealEstate , according to an announcement on Wednesday. According to the announcement, Premiere Plus Realty will continue to operate under the same name and leadership. “It 51 among independent firms.
The Frost-Lindner Team , one of northern Utah s leading luxury realestate groups, has joined Christies International RealEstate in Park City, Utah, the company announced. The move grants them membership in the Christies International RealEstate Masters Circle, an exclusive designation for top-producing agents.
Despite having long ago settled the commission lawsuits , legal challenges continue to mount for realestate industry giant Anywhere. According to the suit, the Campolis worked with Mark Grieger, their neighbor and an agent brokered at Anywhere-backed Coldwell Banker Realty , to list their home in Deephaven, Minnesota, for $3.3
The brokerage announced this week that it has added the Milwaukee -based Houseworks Collective realestate team. Charlie Hutchinson Realestate investment advice also falls into Houseworks’ wheelhouse of services. In late November, the brokerage added Shanan Steere to head up leadership growth efforts.
Lamacchia Realty is expanding its presence in the Pioneer Valley region of Massachusetts. On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears RealEstate. Prior acquisitions included those of Foley RealEstate , Right Choice RealEstate and Keystone Property Group.
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. The realestate vet later co-owned five Century 21 offices in Western Massachusetts and managed 100-plus agents.
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.
The nation’s largest brokerage by transaction sides is increasing its footprint. On Thursday, eXp Realty announced the affiliation of independent brokerage Grand Lux Realty. Founded in 2006 by Michael Levy, Grand Lux Realty is based in Westchester County, New York , and has more than 200 agents.
On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. It named UtahRealEstate.com , the National Association of Realtors (NAR), Anywhere RealEstate , Keller Williams Realty , HomeServices of America and RE/MAX as defendants.
The legal department at eXp Realty and parent company eXp World Holdings is not getting any rest over the holidays. According to many legal resources, it is common for brokerages to prevent agents from acting as contractors on home sale transactions they are involved in. eXp did not return a request for comment.
HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and realestate industries. This years honorees represent the top talent in corporate finance, ensuring their companies remain competitive in a dynamic housing market.
As 2025 approaches, The RealBrokerage 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.
While Alabama-based brokerage leader Anna-Marie Ellison said she supports the state associations efforts, she also said her agents have not expressed concerns about signing a buyer representation agreement prior to touring a house with a prospective client. Buyers dont really seem to care, Lamacchia said.
In its race against other brokerages to add agents, eXp Realty has scored big in California. Prime RealEstate Team is leaving the white-label brokerage Side and taking its 21 agents to eXp. Robert Yost is a 19-year veteran in realestate, and Angelica serves as co-team lead and director of growth.
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