Top Elliman agents Tal and Oren Alexander join Side
Top Douglas Elliman agents Oren and Tal Alexander are leaving the brokerage to launch their own firm, Official, with white-label firm Side. The move was first reported by The Real Deal. The Alexander brothers run the luxury-focused Alexander Team, which has outposts in New York, South Florida, the Hamptons and Aspen. After a decade with […]
ERA Real Estate enters North Idaho with Shelman Realty
ERA Real Estate, a global franchise within the Realogy family of brands, today announced the affiliation of ERA Shelman Realty. The former independent brokerage is based in Bonners Ferry, Idaho and has served the community since 1963. Owners Mark and Loralee Carey purchased the firm in 2018 from Mark’s brother Steve Carey, who bought the […]
Zavvie report shows how tech firms are changing real estate
Real estate software and technology company zavvie has replaced the traditional Seller Preference Report with its Modern Marketplace report, the company announced Tuesday, to reflect the changing landscape of proptech and fintech options now available to homebuyers and sellers. The report, also released Tuesday, examines the changing U.S. real estate landscape during the first quarter […]
REALM’s global network brings together top-performing agents
Richard Silver, a sales representative with Sotheby’s International Realty Canada in Toronto, appreciates being a member of REALM, an emerging international network of top-performing real estate professionals. “We were in competition for a high-end listing,” Silver says. “When we showed the client REALM’s worldwide reach, we secured the listing. It gives you an extra credential […]
Why do Keller Williams firms dominate in 10-year growth?
There’s no doubt that many reading our recent research, Success Secrets of High-Growth Real Estate Firms, will notice that the lists skewed heavily toward Keller Williams firms. Keller Williams affiliates represented 27 of the 50 fastest-growing firms in growth in agents; 32 out of 50 firms in the growth in transaction sides; 33 of the […]
Real estate agents, determine what your business is worth
Part I of this article discussed what goes into valuing a real estate agent’s business, including discretionary earnings, add backs, cost savings and revenue enhancers. We’ve determined what the profit was, done our deductions and add backs, established any cost savings or revenue enhancements, reviewed the balance sheet, and taken a look at any documents […]
Successful brokerages share how they outperform their peers
In the RealTrends exclusive study, “Secrets of top-growth real estate brokerage firms,” we examined the performance of the largest 731 brokerage companies from the years 2011 to 2020 in four categories: growth in agent population, closed transactions sides, closed sales volume and per-agent productivity. We then reached out to brokerage leaders of the highest-performing companies, […]
Special report: Secrets of high-growth real estate brokerage firms
Real estate companies grow in many ways: sales volume, transactions sides, agent count, agent productivity and mergers and acquisitions, to name a few. Many firms excel in one or two forms of growth, yet struggle with — or don’t put a high focus — on those other growth activities. Only a few companies excel in […]
Freddie Mac unveils offer for up to $2.2B in CRT notes
Freddie Mac has announced a cash tender offer for some $2.2 billion in outstanding notes across eight vintage credit-risk transfer (CRT) transactions conducted through the agency’s Structured Agency Credit Risk, or STACR, program. The offering price for the notes outstanding in the current offering, STACR 2022-TO2, ranges from $1,000.63 to $1,017.81 per thousand dollars of outstanding principal […]