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

Revive releases Marketing Center product for pre-renovation pitches

The “Marketing Center” is designed to explain the appeal of pre-renovations to consumers using campaigns that include print and digital messaging as well as case studies from closed sales. Continue reading

Lone Wolf rolls out ‘Buyer’s Agent Club’ amid commission confusion

In light of buyer representation mandates, the program will focus on training, software access and strategic resources to help agents communicate value using tools within Lone Wolf’s ecosystem. Continue reading

MV Realty barred from enforcing 40-year contract in California

A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year “homeowner benefit agreements.” Continue reading

EXp picks up 200-agent Hudson Valley indie brokerage

As part of eXp, Grand Lux Realty will operate out of White Plains, New York. Founder Michael Levy touted eXp’s technology as one of the brokerage’s selling points. Continue reading

Compass nabs high-profile NYC agent from Official

Jared Schwadron operates in New York City, the Hamptons and Miami and is the latest get for Compass as it competes to build a roster of top agents in lean times. Continue reading

Era Ventures launches record-breaking $88M real estate fund

Clelia Warburg Peters, Era Ventures’ founder, is the first woman to raise an initial fund of this size in the real estate category. The fund will distribute capital across various stages of innovation. Continue reading

Upfront lands $2.5M in funding to streamline credit access for agents

Even before the commission crunch, real estate agents have struggled to make ends meet. Through brokerage partnerships, Upfront aims to ease access to credit for working agents.
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Oregon real estate brokerages merge under RE/MAX banner

Announced Friday, the merger will unite RE/MAX Key Properties and West + Main Homes Oregon. The new company will tout the RE/MAX name and resume operations with nearly 90 agents. Continue reading

Michael Jordan’s Northern Chicago mansion scores potential buyer

After 12 years on the market, Jordan’s Highland Park mansion is finally in contingency following price cuts totaling nearly $15 million. In the end, the final list price clocked in at $14.855 million. Continue reading