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The Real Brokerage 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. billion.
In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson are joined by Zillow Group CEO Jeremy Wacksman for a deep dive conversation that covers the role of technology in real estate and Zillow’s “ Super App.” Wacksman: That’s the Zillow app for a buyer and a seller.
Homie Technologies’ bombshell antitrust lawsuit has one fewer defendant. 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. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS.
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 race is on for brokerages to capture clients in an incredibly difficult housing market, and Compass believes a new technology offering will give it an advantage. The brokerage on Monday launched Compass One, a client-facing portal that provides a guide through the process of both home buying and selling.
While many brokerage leaders experiment with reimagined commission models and marginal tweaks, The Real Brokerage is playing a different game altogether. That focus on technology is what Poleg says will propel the firm’s growth. That focus on technology is what Poleg says will propel the firm’s growth.
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 Founded in 2004, Redfin operates a home search platform with more than one million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents.
In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a real estate agent trade group that aims to serve as an alternative to the National Association of Realtors (NAR). JA: With agent commissions poised to drop, a recent study showed that many brokerages would not be profitable at lower rates.
trillion is considered “tappable,” according to data from ICE Mortgage Technology ’s November 2024 Mortgage Monitor report. The company launched its real estate brokerage, Splitero Homes , in October 2023 to serve home sellers who are already Splitero clients. At the end of third-quarter 2024, U.S.
Homie Technologies on Wednesday notified the U.S. Originally filed in mid-August 2024, the lawsuit alleges that Homie was harmed by the anticompetitive practices of NAR and the brokerage defendants. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS.
Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.
On Friday, the largest brokerage in the country by sales volume announced that The Jennifer Leahy Team will be leaving Douglas Elliman to join the Robert Reffkin -helmed firm. “Compass empowers sellers to market their homes on their terms and gives buyers access to inventory unavailable elsewhere,” Leahy said in a statement.
These domains arrived long before modern technology enabled efficiencies of scale. Technology still isn’t the NARs strong suit. Dual agency: the real issue at hand Dual agency where one agent or brokerage represents both parties in a transaction creates conflicts of interest that directly harm consumers.
Under what NAR is calling its MLS Listing Options for Sellers policy , sellers will have the option to delay marketing their listing publicly as long as they sign the required disclosure. Our position has never been to dictate brokerage business models, Brian Donnellan, the president and CEO of Bright MLS, wrote in an email.
Agents subscribed to Bright MLS now have access to a built-in advertising tool through a new partnership with Collabra Technology , according to an announcement on Tuesday. The tool also automatically builds advertising for agents that includes their business details, including their name and 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.
“The acquisition of Private Collection accelerates Final Offers market share of enterprise brokerage customers seeking to provide their agents with a tool to share off-market listings within their brokerage as well as their clients and prospective clients,” Final Offer said in a prepared statement.
The Arizona Regional Multiple Listing Service (ARMLS) announced a partnership with Lone Wolf Technologies that will give ARMLS subscribers access to a tool designed to give agents information to guide their clients through an uncertain market. ” This isn’t Lone Wolf’s first partnership with an MLS this year.
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. It also utilized technology tools and worked toward creating innovative solutions such as Buy & Borrow Bundle.
Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I The brokerage models have to adapt,” Saunders said.
Fast-growing firm The Real Brokerage is welcoming yet another top-performing agent to the company. Arizona-based David Newman and his 12-member team, David Newman Partners, are moving to The Real Brokerage, according to an announcement on Wednesday. He and his team were most recently brokered at Hague Realty in Scottsdale.
Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. Several major brokerages including Keller Williams , Compass , eXp Realty , RE/MAX and Coldwell Banker utilize the platform. The Home Checkout feature validates buyer offers before the transaction continues.
Title valuation , brokerage and consulting services firm Title Success, which is powered by Bowe Digital , announced Monday that it has launched a newly designed website. The new site offers a listing service for title companies looking to sell their operations.
But despite these tech advancements, they don’t see a scenario in which “robots” will soon take buyers and sellers through the homeownership journey. According to Heriyanto, it’s not just about “filling it with flowery language, but it’s also from an SEO perspective on Google.”
Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. That changes now,” Homelendia CEO Frank Chimento said in a press release.
Beyond that, technology continues to evolve, yet those solutions do little to streamline processes and deliver actual returns. 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. Isn’t that promising?
California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Hence, Splitero Homes will primarily serve sellers of homes that are already clients of Splitero Funding , the home equity investment business. Our brokerage is unique,” Michael Gifford told HousingWire. “It’s
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.
From a slower housing market to the industrywide business practice changes , there is no doubt that 2024 was a challenging year for real estate brokerages, but Anywhere Real Estate believes these challenges have helped to set it up for success in 2025. The brokerage giant recorded revenue of $5.7 Schneider said.
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. Connect with seller leads Purpose: Build trust and start meaningful conversations with potential sellers. I specialize in helping sellers like you find success.
Sellers agents: Listing agents specialize in representing sellers. Team commission splits are typically lower than those of a traditional brokerage for an individual agent. This can be attributed to teams providing additional resources that brokerages dont like a consistent flow of leads, technology and administrative support.
After spending a decade building a proprietary technology and productivity platform, United Real Estate Group is seeing its growth explode, according to Q2 2021 earnings report. Is technology finally providing the key to success? In the past, when brokers thought about low-fee brokerage firms, they thought of low service.
LCA’s tagline is “exploring the science of real estate,” and you’ll find plenty of advice about technology here. Emily Peckham’s FSBO Mastermind Group A specific group for agents who work with For Sale By Owner sellers, full of tips and strategies for more effectively finding and converting FSBO leads. Join Lab Coat Agents 2.
Predictive analytics in real estate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Real estate agents can use this data to identify motivated sellers and people who are likely to buy a home. What does this mean for you?
With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.
In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.
there is a big debate right now about private marketplaces, but the data shows that sellers generally can sell for a shorter period of time and for a higher dollar amount because of the MLS. We are, from a technology stack, completely operational and can do this at scale, Pareja said on the earnings call. In the U.S.,
Ryan Serhant and his brokerage SERHANT. HousingWire real estate reporter Jeff Andrews sat down with Serhant to talk about the show, how it changed his life and the brokerage, and what he sees coming in the industry following the commision settlement by the National Association of Realtors (NAR). At this point, we’ve gained, I think, 1.3
We as an industry have spent 30 to 40 years building the greatest marketplace ever in the world of real estate for home buyers and sellers,” Dwiggins said. “We They may also need to embrace new technology. Yes, it was a meaningful component, but in fact, the MLS is really the center of how the industry operates.” ’We
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.
The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It can also help agents clearly communicate their unique value and services to homebuyers, sellers and others.
In respective statements, both groups cited Compass’s technology as a key motivator for their moves. “We We are excited to return to Compass, a brokerage that aligns perfectly with our values and commitment to providing exceptional service to our clients,” said Dustin Weiss, team lead for the Weiss Group.
Its a completely new way of thinking about real estate technology. Rayse has served more than 200 brokerages, including NextHome another company owned by James Dwiggins. Rayse has served more than 200 brokerages, including NextHome another company owned by James Dwiggins.
In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. Rapidly advancing technology and data analytics have also revolutionized the commercial real estate landscape, offering scores of new avenues for value creation and risk mitigation. And why not?
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