Who is more profitable — real estate brokerages or real estate teams?RealTrends research released today shows that real estate teams beat brokerages in terms of profitability. As RealTrends Editorial Director Tracey Velt notes:
"Over the past 15 to 20 years, the emergence of the mega-team has garnered the headlines. However, these super-sized teams aren't the only ones turning a profit — a profit that dwarfs most real estate brokerage's profit. Teams of all sizes have average gross margins more than double the average of brokerage firms when compared to data from the 2021 RealTrends 500 top brokerage firms and RTC Consulting benchmarking data. Real estate team profitability is stunning."
The research also looks at whether teams are scalable on a national level. Read the whole story here for what the RealTrends team found and even more insights. The full 2021 Team Profitability Study is exclusively available to HW+ members. To get access to the full study, join HW+ here.
Envisioned to provide rules of the road for mortgage servicers, industry groups and housing advocates say the Federal Housing Administration's draft defect taxonomy would instead keep lenders away.
The mortgage market has taken a few turns over the last year, but one thing remains constant – be prepared. Computershare Loan Services can help strengthen your operations with end-to-end and component fulfillment to get your borrowers to the closing table on time. Read More!
Construction of new homes took a dip in October, with housing starts declining month-over-month by 0.7% to 1.52 million, according to the U.S. Census Bureau.
HousingWire Managing Editor of Content Solutions Maleesa Smith recently sat down with Michael Stallings, Vice President at Comergence, a part of Black Knight, to discuss why social media should be included in a lender's lead generation plan to increase borrower prospecting potential.
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