“Door open” to Harley’s return after he relinquishes leadership roles, citing family reasons. Longtime CFO Marco Fregenal takes over as CEO and independent director Scott Flanders as board chair. Continue reading
While transactions fell 15 percent from 2022, Fathom executives said during a Q3 earnings call Wednesday that its flat fee commission split model helped its agent network grow by 13 percent. Continue reading
Real estate agents recently revealed to Inman the most unexpected reasons they’ve lost deals — including a fear of snakes, hatred of Glade Plug-ins, bad vibes and, apparently, off-kilter feng shui. Continue reading
Fathom logged a net loss of $4.3 million during the second quarter, an improvement over the $5.7 million loss logged during the first quarter, according to its earnings report released Wednesday. Continue reading
The North Carolina-headquartered real estate firm announced the hiring and promotion of new district directors in five key markets. Continue reading
With 10,628 agents on board as of March 31, Fathom grew by 258 agents in the first three months of the year but posted a $5.7 million Q1 net loss, according to an earnings call Wednesday. Continue reading
In reporting a $9.9 million fourth-quarter loss, Fathom executives said they see a path to profitability without saying exactly when that might happen. Continue reading
Former Fathom Realty executive Grady Ligon has joined the company, bringing more than 20 years of experience in financial and brokerage technology. Continue reading
At Inman Connect Las Vegas, John Paasonen of Maxwell and Robert Foos of Knock said agents and buyers have an opportunity to be selective in the current market when it comes to financing. Continue reading
Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to turn a profit and stave off ruin. Continue reading