Tag Archives: Fathom

Fathom out to raise more than $7M by hiking agent fees, selling shares

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Fee increases the flat-fee brokerage implemented for 2023 haven’t stopped Fathom from growing, with Sept. 30 agent count up 13 percent from a year ago, to 11,333. Continue reading →

Fathom Realty continues to grow agent count with rebound in sight

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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 →

DelPrete: Legacy brokerages make strides, but upstarts have the edge

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Shifts in the housing market are exposing underlying changes and the strengths and weaknesses of existing business models, including upstarts like The Real Brokerage, Mike DelPrete writes. Continue reading →

DelPrete: Legacy brokerages can no longer dismiss lower-fee models

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For too long, Mike DelPrete argues, legacy brokerages shrugged off their low-fee competitors. Some of those barbs haven’t aged well. Continue reading →

Fathom Realty narrows losses but agent growth slows in Q1

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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 →

Fathom Realty parent company borrows $3.5M from existing investor

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Fathom Holdings will pay at least 8 percent interest on a convertible note company executives say will provide more flexibility as they seek “cash flow profitability” by Q3. Continue reading →

Fathom Realty still adding agents after raising transaction fees

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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 →

Huge rewards for agent referrals

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“We wanted to say ‘thank you’ by providing them with greater and more permanent benefits for their referrals. We have already seen an increase in agent referrals and look forward to seeing how our agents take advantage of this new program.” Continue reading →