Tag Archives: Industry News

Big Florida real estate brokerage is selling its mortgage division

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First Federal Bank continues expansion of its nationwide mortgage lending operations with deal to acquire Watson Mortgage Corp. and investments in digital solutions. Continue reading →

Will lawsuits end 6% commissions? Probably not, 1 law professor says

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A provision in NAR’s settlement barring listing agents from offering buyer agents compensation is “largely symbolic,” USC professor Jordan Barry said Friday at a University of Minnesota conference. Continue reading →

Leo Pareja tapped as eXp Realty’s new CEO, relieving Glenn Sanford

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Pareja, who joined eXp Realty in 2022, previously served as its chief strategy officer. Founder Glenn Sanford will remain with the firm as CEO of parent company eXp World Holdings. Continue reading →

Ohio multiple listing service MLS Now appoints new CEO

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Garry Marsoubian previously held a leadership position at Bright MLS and has experience working with multiple listing services’ data and technology. Continue reading →

Compass acquires 3,100-agent Gulf Coast giant Latter & Blum

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Latter & Blum has been an indie for more than 100 years and today boasts more than 3,100 agents. The deal pushes Compass into Louisiana and Mississippi for the first time. Continue reading →

Aidium Mortgage CRM lands $19M in Series A led by PeakSpan Capital

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Founded as Daily AI, Aidium rebranded last year to better align brands it had acquired — Whiteboard CRM and Recruitable.ai — under a single umbrella. Continue reading →

Title underwriter TRG inks $85M merger deal to take Doma private

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If approved by shareholders and regulators, the proposed merger would result in an all-cash transaction, with TRG acquiring Doma’s outstanding shares at 38 percent premium of $6.29 per share. Continue reading →

T3 Sixty nixes this year’s Mega 1000 list in wake of NAR settlement

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The move comes two weeks after the National Association of Realtors signaled a $418M settlement of commission lawsuits. T3 Sixty said it will bring the ranking back when litigation is resolved. Continue reading →

Better hiring real estate agents to originate mortgages in 26 states

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As Better reports $543 million 2023 loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to providing purchase loans to homebuyers. Continue reading →

‘Apologize’ and 17 other common-sense ways to begin reforming NAR

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Even before the courts resolve how agents are compensated, the National Association of Realtors has an opportunity to set a course for victory, Inman founder Brad Inman writes. Continue reading →