Fathom says revenue sharing will help it recruit new agents
After growing agent count by 12%, the flat-fee brokerage said in Q2 earnings that it's poised for continued growth with new plans that pay a percentage of revenue generated by recruited agents
by Matt Carter Aug 12
Realty One Group scoops up Florida indie MVP Realty
MVP Realty CEO Derek Carlson said moving to Realty One Group will bring agents a variety of upgrades while leaving his company's core values intact
by Jim Dalrymple II Aug 12
Investors bullish on Blend on Q2 earnings and revenue beat
Cloud banking software provider continues to grow consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders
by Matt Carter Aug 9
Investors aren't ready to buy in to Better's comeback story
Digital mortgage lender boosted Q2 loan production by 45% and says it's on track to originate more than $1B in mortgages in Q3 for the first time in 2 years, but losses continue to mount
by Matt Carter Aug 8
California Association of Realtors taps Phil Hawkins as new CEO
Hawkins had been working as the CEO of the Pacific West Association of Realtors in Southern California and will now lead CAR during a challenging time for the industry
by Jim Dalrymple II Aug 8
Offerpad launches transaction oversight portal for agent partners
Powered by Offerpad enables the iBuyers's PRO and MAX agent partners to manage listings, get real-time transaction updates and directly communicate with Offerpad support staff
by Marian McPherson Aug 8
LoanDepot boosts revenue, sells servicing to restructure debt
Pending $25M settlement of January cyberattack adds to $66M Q2 net loss, but executives say they're in a better position to grow after selling $29B in mortgage servicing rights
by Matt Carter Aug 6
Perchwell's $25M Series B revs up idling VC market
Lux Capital, its Series A round leader, also led this round and was joined by REColorado MLS, Starwood Capital Group, Flex Capital, Stellar MLS and Venture MLS
by Craig C. Rowe Aug 6
Offerpad trims Q2 loss, but sales and revenue continue to slide
Shares in Offerpad hit new all-time low in after-hours trading Monday after the iBuyer reported that it continues to trim its losses but expects further declines in revenue and homes sold in Q3
by Matt Carter Aug 5
Victims awarded $12M in flipper scheme repped by HGTV stars
The Federal Trade Commission (FTC) is distributing $12M in payments to customers caught in a real estate house-flipping scheme operated by Zurixx, LLC and promoted by a lineup of celebrities
by Richelle Hammiel Aug 2
RFK Jr. at ICLV: Homeownership is the engine of the middle class
The Kennedy family heir and presidential contender also argued Thursday at Inman Connect Las Vegas that democracy depends on people maintaining 'a posture of fierce skepticism'
Consumer watchdog holds up new eXp seller contract as model
A new draft seller contract that eXp Realty is distributing to its brokers and agents is largely consistent with a newly issued set of criteria from the Consumer Federation of America
by Daniel Houston Jul 31
Citron founder Andrew Left charged with stock manipulation
A longtime thorn in Zillow's side, Left and Citron Capital LLC are accused by DOJ and SEC of profiting by taking positions in companies that were the opposite of what they told investors to do
by Matt Carter Jul 26
Cornerstone staffs up to grow servicing, builder partnerships
7 executive hires in 2024 included Dana Abernathy, who will expand the company's mortgage servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships
by Matt Carter Jul 24
Industry mourns DocMagic founder and CEO Dominic Iannitti, 60
CFO Pat Theodora taking over as CEO after Iannitti, a pioneer of numerous paperless processes including eVault and eSign capabilities, died unexpectedly of complications from pneumonia
by Matt Carter Jul 23
CoStar Group revenue rises in Q2 as Homes.com bookings hit $55M
CoStar Group's revenue grew 12% YOY to $678M, according to Q2 earnings Tuesday. Traffic for the Homes.com Network of sites increased 73% YOY to 148M monthly average unique visitors
by Marian McPherson Jul 23