Housing Wire

OCTOBER 16, 2024

Agents, Teams, and Brokerages must submit verifiable data in order to be ranked. RealTrends excludes transactions such as commercial, rentals, lease, land, empty lots, and outside referred business from published totals. More than 22,000 agents were ranked across RealTrends this year, including National, State, and City Rankings.

Real Estate Agent 458

Real Estate Agent Real Estate Agents Brokerage 458

Housing Wire

AUGUST 23, 2024

Worth Clark operates in 18 states and is ranked as the 39th-largest independent brokerage in the country. Nearly 70% of the agents that join our company are referred to us by our very own agents, and if we have a chance to speak with those agents, 80% of them are joining Worth Clark.”

Brokerage 435

Brokerage Property Management Agents Real Estate 435

Housing Wire

SEPTEMBER 7, 2023

Real estate brokerage is definitely not for the faint of heart. Not immune to downturns Now don’t get me wrong, these growth-minded firms I’m referring to are not immune to downturns. By the numbers Consider this: It’s estimated that there are currently about 125,000 brokerage firms in the United States.

Real Estate 417

Real Estate Brokerage Realtors Agents 417

Housing Wire

AUGUST 4, 2022

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. Presented by: Axis Technical Group.

Real Estate 418

Real Estate Brokerage Lending Mortgage 418

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 solutions for brokerage growth in 2025. Velt: You are the sole owner of the brokerage.

Brokerage 356

Brokerage Agents Real Estate Buyers 356

Housing Wire

SEPTEMBER 18, 2024

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Instead of giving up the business, the referring agent introduces the potential client to another real estate agent who is better positioned to help them.

Real Estate 468

Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

OCTOBER 1, 2024

. “No person shall give, and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person.” ” 12 U.S.C.

Agents 435

Agents Real Estate Real Estate Agent Brokerage 435

Housing Wire

OCTOBER 30, 2020

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Extremely non-white” ZIP code refers to a ZIP code in which 70% or more of the residents were non-white.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

MARCH 7, 2025

The CFPB alleged that between 2019 and 2024, the brokerage incentivized real estate agents to direct business to Rocket-affiliated companies. JMG and its founder, Jason Mitchell , were also accused of participating in the alleged scheme by referring thousands of clients to Rocket entities.

Mortgage 202

Mortgage Real Estate Agent Insurance Clients 202

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 459

Real Estate Brokerage Clients Realtors 459

Housing Wire

SEPTEMBER 23, 2024

While many brokerages have made the decision in recent weeks to settle the commission lawsuits , white-label brokerage Side is taking a different tack. On Friday, the firm filed a motion to dismiss the QJ Team copycat commission lawsuit.

Brokerage 459

Brokerage Agents Realtors Realty 459

Housing Wire

JANUARY 31, 2025

Continuously refer back to the exam topics. Many brokerages offer a group E&O insurance policy and others may have additional requirements. Therefore, you should do your due diligence on your brokerage before investing in an E&O policy. Today, I lead one of Colorado’s most successful Keller Williams brokerages.

Real Estate 303

Real Estate Brokerage Insurance Legal 303

Housing Wire

SEPTEMBER 16, 2021

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. In 2018, 1% of surveyed brokerages said their business came from open houses. million in 2018.

Real Estate 447

Real Estate Business Brokerage Open Houses 447

Housing Wire

JUNE 11, 2021

Most of the highest producing real estate agents in the country belong to an established, national brokerage. That Caballero is party to an average of 18 home sales a day, 365 days a year, is due to a system where he provides buyer references to nine different homebuilders. The brokerage placed 274 agents in the top 1,000.

Agents 459

Agents Brokerage Realty Real Estate 459

Housing Wire

SEPTEMBER 6, 2024

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. A majority of agents (82%) reported that their brokerages either completely or mostly prepared them for the changes.

Agents 448

Agents Real Estate Agent Brokerage Realty 448

Housing Wire

OCTOBER 9, 2023

In 1983 Jim Campbell launched what is believed to be the first joint venture experiment between a real estate brokerage and a title and settlement firm. First, certain disclosures must be made to the consumers who are being referred. AI-generated image of two lawyers scrutinizing title insurance joint venture agreements.

Real Estate 468

Real Estate Insurance Real Estate Agent Brokerage 468

Housing Wire

JANUARY 22, 2025

Newhart allegedly attempted to disguise the kickbacks as stock sales and cash to referring real estate professionals. The buyers were unaware of the scheme.

Real Estate Agent 397

Real Estate Agent Mortgage Real Estate Brokerage 397

Housing Wire

APRIL 13, 2021

But, ironically, the emerging NAR-Zillow proxy battle comes three months after Zillow announced it is an NAR-member real estate brokerage. ShowingTime has about all the market after they bought Centralized Showing Service,” Fisher said, a reference to ShowingTime’s 2019 acquisition. Real estate agents and LOs: the great collaboration.

Real Estate Agent 435

Real Estate Agent Real Estate Brokerage Realtors 435

Housing Wire

SEPTEMBER 13, 2023

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results. Earn Outs continue to run for a minimum of two years to a maximum of five years.

Real Estate 415

Real Estate Valuation Brokerage Property Management 415

Housing Wire

AUGUST 14, 2024

He wanted to expand and switch the company to a brokerage model. He leveraged that commentary to scale his company and establish relationships with brokerages across the country. He refers to the scaling efforts as “invading” through a campaign of billboards, postcards, TV ads and other methods to recruit new agents and gather leads.

Real Estate 442

Real Estate Marketing Brokerage Realtors 442

Housing Wire

NOVEMBER 16, 2023

This explains why Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer/Burnett suit, chose to sue a whole different group of corporate brokerages in the Gibson lawsuit he filed just hours after the Sitzer/Burnett verdict was announced. 12 edition of his NotoriousROB email newsletter in reference to personal injury lawyers.

Law 482

Law Brokerage Advertising Real Estate 482

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 435

Real Estate Agent Real Estate Brokerage Law 435

Housing Wire

FEBRUARY 24, 2022

Years before Mark Zuckerberg introduced the “Metaverse,” there was eXp, a cloud-based real estate brokerage where executives and agents appear on a computer screen as if they are characters in Second Life or The Sims. eXp founder and CEO Glenn Sanford reported a profitable year for a brokerage that is quickly growing.

Brokerage 397

Brokerage Agents Loan Officers Real Estate 397

Housing Wire

AUGUST 17, 2023

The CFPB claims that Freedom entered into marketing services agreements with more than 40 real estate brokerages, with monthly payments to brokerages totaling approximately $90,000. Freedom reportedly denied requests for event sponsorship from real estate brokerages that did not refer mortgage business to Freedom’s loan officers.

Realty 370

Realty Mortgage Brokerage Real Estate 370

Housing Wire

JULY 20, 2023

Satisfied past clients become valuable advocates, referring you to their family, friends and neighbors when it’s time to sell. Teamwork Joining a brokerage or team can be a game-changer for securing listings. Building your offline reputation Building an impressive offline reputation is a cornerstone of securing listings.

Housing Market 370

Housing Market Marketing Real Estate Client Relationships 370

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents.

Realtors 459

Realtors Brokerage Agents Buyers 459

Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to?

Brokerage 418

Brokerage Real Estate Investors Technology 418

Housing Wire

MARCH 22, 2021

Although the claims were made prior to Compass’s acquisition of Modus, Compass officials said the brokerage was aware of the investigation when it acquired Modus in October 2020 for approximately $50 million. The rivals were also aggrieved at the way Modus used its products to lure customers away from the other firms. billion.

Insurance 459

Insurance Real Estate Agent Real Estate Brokerage 459

Housing Wire

AUGUST 14, 2024

The brokerage utilizes a method it calls “make offer for immediate response,” or MOFIRs. Ryan Young, owner of the Ohio-based brokerage The Young Team , stressed the importance of building, maintaining and engaging with a database of buyers and sellers. This allows for an ongoing dialogue with potential leads. “The

Real Estate Agent 435

Real Estate Agent Home Improvement Brokerage Valuation 435

Housing Wire

FEBRUARY 6, 2025

The duo launched the company as a way of “pushing back on the settlement,” referring to the $418 million settlement agreed to by the National Association of Realtors (NAR) that involved allegations of colluding to artificially inflate agent commissions.

Client Relationships 202

Client Relationships Agents Technology Real Estate 202

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Reached Monday, a Compass spokesperson declined to answer specific questions, instead referring to the company press release on the Glide purchase. Compass has faced allegations before of getting into competitors’ data.

Agents 397

Agents Brokerage Real Estate Agent Realtors 397

Housing Wire

JANUARY 23, 2025

They help you stay top of mind with friends, family and acquaintances who may require your real estate services or refer clients to you in the future. For referral request postcards, politely ask your satisfied clients to refer friends, family or acquaintances who may benefit from your services.

Real Estate 305

Real Estate Open Houses Real Estate Agent Design 305

Housing Wire

MARCH 3, 2022

The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company. Indeed, most other brokerages either do not provide an adjusted EBITDA figure or give one at less variance to net income. And agents who work at Compass say the brokerage gives them tools to be productive.

Brokerage 370

Brokerage Agents Real Estate Law 370

Housing Wire

JANUARY 13, 2022

“My Coldwell Banker agent office policy insists that we do not cut commission under any circumstance,” said one agent who requested anonymity to speak candidly about her company, which is part of the Realogy brokerage conglomerate. Gorman’s comments confuse me.”. Justice Department antitrust inquiry into NAR. Filed with the court on Nov.

Real Estate 418

Real Estate Brokerage Agents Real Estate Agent 418

Housing Wire

JANUARY 11, 2024

For the most part, many brokerages and real estate agents on the buyer’s side of the transaction have continued on with a “business as usual” approach until we have certainty as to the true impact. Such an approach would likely tend toward a transactional, brokerage-focused revenue model.

Brokerage 468

Brokerage Real Estate Business Construction 468

Housing Wire

NOVEMBER 21, 2024

As a real estate brokerage leader with decades of experience, I know firsthand that every connection counts, so having the right words at your fingertips is essential. Personalize the message whenever possible: Use the recipient’s name and reference specific details (like where you met them or what property they contacted you about).

Real Estate 370

Real Estate Real Estate Agent Sellers Clients 370

Housing Wire

MARCH 24, 2022

To be clear, with $900 million, it’s not something we need to do to raise capital,” Reffkin said in reference to the company’s fundraising numbers at the time, which eventually swelled to $1.6 The approach contrasts Compass with other full-service brokerages, including Realogy , who do not have an agent equity program.

Agents 397

Agents Brokerage Investing Business 397