Real estate vets launch Realty of America virtual brokerage

Led by CEO Eddie Garcia, the national firm born out of Realty of Chicago already has over 2,000 agents who represent more than $5 billion in sales volume. Its founders also have big plans for expansion and, eventually, an IPO. Continue reading

Virtual to brick-and-mortar: 5 brokerage models made for 2024

Take into account the way you like to work, your level of expertise and your desire for collaboration when considering the brokerage model that works best for you and your business.  Continue reading

The Real Brokerage more than doubles revenue, agent count in Q2

NYC-based Real Brokerage’s second-quarter revenue increased 65 percent year over year to $185.3 million. Despite raising fees in the first quarter, its agent count ballooned 105 percent year over year to 11,500, according to an earnings report. Continue reading

‘Catching a wave’: Nartey brings Globl RED to The Real Brokerage

“Catching Real right now is like catching a wave,” Kofi Nartey said. He sees the brokerage’s sweeping growth and adoption of technology as the way of the future. Continue reading

Real Brokerage has big ambitions as it ramps up agents in Q3 and beyond

The Real Brokerage reported a third quarter net loss of $1.06 million on $39.8 million in revenue as its agents facilitated $1.44 billion in real estate transactions, up 879 percent from a year ago. Continue reading

Virtual brokerage Real sees significant revenue growth in Q2

The company also saw its agent count grow to 2,451, up 126 percent year over year, according to earnings figures released Tuesday. Continue reading

Forget brick-and-mortar! 6 tips for launching an online brokerage

When considering opening his own indie brokerage, industry veteran Jay Thompson realized the only time he went to the office was for a sales meeting or to pick up a check. So why not eliminate the office rent overhead? That’s just what he did. He creat… Continue reading

Fathom Realty’s IPO filing reveals increased revenue, widening losses

The flat-fee, virtual brokerage posted a net loss of more than $2.6 million in the first nine months of 2019. Continue reading

EXp Realty will launch mortgage, title and warranty services in Q3

The virtual cloud-based real estate brokerage nearly doubled its revenue but still posted a net loss in the second quarter. Continue reading

A former eXp president has joined startup brokerage Side

Former eXp Realty President Vikki Bartholomae is officially joining real estate startup Side as the chief of agent success, the company announced Tuesday.  Continue reading