BELLINGHAM, Wash., June 04, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Costanza Genoese Zerbi, a nationally ranked top producer and founder of Costanza Genoese Zerbi & Associates in Long Beach, California, has joined its growing network of elite agents. A two-time Boston Marathon finisher and nationally ranked top producer, Costanza brings nearly a decade of expe ...

The Real Brokerage (REAX) FY Conference June 03, 2025 03:00 PM ET Speaker0 All right, we'll get started here. So good afternoon. Thank you for joining for the Real Brokerage session. I'm Stephen Sheldon, an analyst in the tech group at William Blair covering real estate, including coverage of real brokerage. Please visit our website at williamblair.com for a complete list of research disclosures and potential conflicts of interest. So we're thrilled to have REAL back at our conference once again. It's been ...

Core Insights - Real estate agents tend to be more cautious when purchasing properties for themselves compared to their clients, often avoiding properties that are commonly perceived as desirable by the general public [1][3] Group 1: Property Types to Avoid - High-floor and low-floor units are often avoided by agents due to issues like extreme temperatures and potential water leakage, which can lead to long-term maintenance problems [5][6][9] - Properties near high-voltage power lines, highways, cemeteries, and substations are considered "hard injury properties" that may be cheap but are difficult to sell later due to buyer reluctance [11][13] - Extremely old and dilapidated properties are often disregarded by agents unless they are in a prime school district, as they come with high maintenance costs and uncertain future value [15][17] Group 2: Legal and Ownership Issues - Properties with incomplete ownership, such as military or unit housing, or those with unresolved loans or disputes, are often avoided by agents due to the high risk of transaction complications [19][21] - Commercial-residential mixed-use properties and resettlement housing are seen as risky investments due to unclear property rights and potential changes in planning, making them difficult to sell later [23] Group 3: New Developments and Location Concerns - New properties in areas lacking infrastructure, such as public transport and essential services, are often viewed skeptically by agents, as they may become isolated and inconvenient for residents [25]

滞销房源的持续堆积成为另一个值得关注的现象。报告显示，截至4月，有44%的挂牌房产已经在市场 上停留了60天以上仍未售出，Redfin将其称为"滞销库存"。这类房源的总价值达到3,310亿美元，占所有 挂牌房屋总值的近一半，较去年增长20.5%。这不仅意味着市场活跃度下降，也暗示着未来房价面临更 大调整压力。 值得一提的是，尽管中位房价同比上涨了1.4%，挂牌房屋总值却暴增20.3%，说明推动总价值上升的主 要因素并非房价本身，而是市场上挂牌房屋数量的大幅增加。Redfin的数据显示，目前全美大约有50万 套房屋"找不到买家"，这是房地产市场"失衡"的一个直观体现。相比2022年初的新冠疫情时期，当时全 美房贷利率仅为3.1%，房屋供应极为紧张，挂牌总值曾一度跌至3,090亿美元，市场上的房子平均24天 就能售出。而现在，挂牌周期延长、买家变少、库存积压，房市热度已大不如前。 智通财经APP获悉，根据房地产经纪公司Redfin发布的最新报告，截至2025年4月，美国市场上在售房 屋的总挂牌价值达到6,980亿美元，较去年同期增长20.3%，创下自2012年有记录以来的最高水平。这一 数据反映出当前美国房地产市 ...

Company Overview - Sotheby's International Realty announced the addition of Ernie Carswell & Associates, a leading real estate team in Los Angeles, to its Beverly Hills Brokerage [1] - The team has achieved over $300 million in closed sales volume in 2023 and 2024 [1] - Carswell & Associates has a distinguished legacy in the luxury real estate market, consistently ranked among the "Top 1,000 Agent Teams in America" [1] Team Experience and Achievements - Ernie Carswell, with over 25 years of experience, is recognized as a top name in luxury real estate, with accolades from various prestigious publications [2] - The 15-member team has nearly 100 years of combined experience, specializing in high-end neighborhoods such as Beverly Hills and Bel Air [3] - Notable sales include the record-breaking $25 million sale of the USC president's mansion and the iconic "Brady Bunch" house [3] Strategic Benefits of the Affiliation - The partnership with Sotheby's International Realty provides access to sophisticated marketing resources and a global network across 85 countries [5] - Carswell & Associates will benefit from the prestigious Sotheby's brand heritage, enhancing their listings' exposure through exclusive marketing channels [5] - Sotheby's International Realty's Southern California operations reported over $4.2 billion in sales volume in 2024, indicating a strong market presence [4]

Core Insights - La Rosa Holdings Corp. reported a total revenue increase of 34% year-over-year to $17.5 million for Q1 2025, compared to $13.1 million in Q1 2024 [3][4][5] - Gross profit rose by 32% to $1.5 million in Q1 2025, up from $1.2 million in the same quarter of the previous year [3][5] - The company experienced a significant net loss of $95.9 million in Q1 2025, compared to a net loss of $4.8 million in Q1 2024, primarily due to non-cash and one-time items [8][19] Financial Performance - Residential real estate services revenue increased by 39% to $14.3 million in Q1 2025, up from $10.2 million in Q1 2024 [4][5] - Property management revenue grew by 17% to approximately $3.0 million, while commercial brokerage revenue nearly doubled to approximately $57,000 [5] - Total operating expenses for Q1 2025 were $6.2 million, compared to $5.7 million in Q1 2024, resulting in a loss from operations of $4.7 million [6][18] Business Strategy - The company has focused on organic growth, expanding its agent network to over 2,800 agents nationwide without pursuing acquisitions [3] - La Rosa's business model includes flexible compensation options for agents, such as a revenue-sharing model and a 100% commission option [9][10] - The company is advancing its national and international expansion strategy, recently starting operations in Europe, beginning with Spain [11]

Core Viewpoint - La Rosa Holdings Corp. has received a delinquency notification from Nasdaq due to the failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025, which is a violation of Nasdaq Listing Rule 5250(c)(1) [1][3] Group 1: Compliance and Regulatory Actions - The notification does not have an immediate effect on the listing of the Company's securities on Nasdaq [2] - The Company must submit a plan to regain compliance by July 21, 2025, and if accepted, may receive an extension of up to 180 days to comply [3] - The Company intends to take necessary steps to regain compliance and expects to file the required report within the 60-day period granted by Nasdaq [4] Group 2: Company Overview and Business Model - La Rosa Holdings Corp. is a real estate and PropTech company that provides agents with flexible compensation options, including a revenue-sharing model or a fee-based structure with 100% commission [5] - The Company offers both residential and commercial real estate brokerage services, along with technology-driven products and support for agents and franchise partners [6] - La Rosa operates 26 corporate-owned brokerage offices across several states and has recently begun expansion into Europe, starting with Spain [7]

Core Insights - eXp Realty has successfully attracted top-producing team leader Scott Kumler and The Kumler Group from My Home Group, enhancing its agent-centric approach and market presence [1][2][3] Company Overview - eXp World Holdings, Inc. is the parent company of eXp Realty and SUCCESS Enterprises, operating as a cloud-based, agent-centric brokerage with over 81,000 agents across 27 international locations [4] - eXp Realty offers industry-leading commission splits, revenue share, equity ownership opportunities, and a global network for agents to build successful businesses [4] Team Performance - The Kumler Group, led by Scott Kumler, closed over $80 million in volume across 192 transactions in 2024, ranking among the top five teams in Arizona [1][2] - Scott Kumler has consistently ranked in the top 1% of Realtors in Arizona and was recognized as a Top 100 solo agent among more than 2,000 agents [2] Leadership and Culture - Scott Kumler emphasizes agent development and leadership, aligning with eXp Realty's values and commitment to mentorship and support [3] - The Kumler Group is known for its agent-first culture, strategic growth, and dedication to mentorship, which are key components of its operational philosophy [2][3] Strategic Partnerships - The move to eXp Realty was facilitated under the mentorship of Joshua Smith, enhancing the value proposition for The Kumler Group's agents through additional coaching opportunities [2]

Fathom Holdings (FTHM) Conference Call Summary Company Overview - Fathom is a real estate technology company providing a comprehensive solution for residential and commercial real estate, including brokerage, mortgage, title, and SaaS offerings [3][4] - The company operates in 43 states with plans to expand to five additional states in 2024 [4] Financial Performance - Q1 revenue grew by 32%, transactions increased by 26%, and agent growth was 22.8% [4][31] - Significant investment of approximately $20 million in proprietary software [4][22] - The acquisition of My Home Group in November 2024 added 2,200 agents and $100 million in revenue, expected to contribute $1.2 million in EBITDA in 2025 [4][28][29] Unique Business Model - Fathom's model differs from traditional brokerages by allowing agents to retain a larger portion of their commissions, charging a flat annual fee of $700 plus a transaction fee [11][12] - The company offers a concierge-level service and a virtual business model, which enhances agent support and efficiency [7][10] Technology and Efficiency - Fathom owns all its technology, which includes an ERP-like system for managing transactions and agent operations [18][19] - The direct cost per transaction is less than $270, significantly lower than competitors [19][26] - The Elevate program, launched recently, aims to provide agents with comprehensive support, potentially increasing gross profit per transaction by four times [14][15][26] Growth Strategy - Fathom aims to reach approximately 100,000 agents in the U.S., currently having around 15,000 [27] - The company anticipates organic growth to return to 15% and total growth (including acquisitions) to reach close to 30% [50][61] - The Elevate program is expected to generate approximately $1 million in EBITDA for every 100-120 agents [15][73] Ancillary Services - The mortgage business grew by 15% year-over-year, while the title business grew by 61% in Q1 [25][74] - Fathom aims for 50% of its ancillary business to come from non-Fathom agents, currently at over 60% [75] Market Position and Competition - Fathom is the tenth largest real estate company in the U.S. in a highly fragmented market with around 80,000 brokerages [9][60] - The company is not focused on competing directly with large mortgage companies like Rocket Mortgage, as it operates differently and relies on Fathom agents for business [54][55] Future Outlook - The company expects to achieve adjusted EBITDA positivity in Q2 2025, driven by cost reductions and growth in ancillary services [57][58] - Fathom plans to continue expanding its footprint and exploring acquisition opportunities in the fragmented real estate market [33][61] Management and Governance - The leadership team has extensive experience in real estate and technology, with a strong board of directors supporting growth initiatives [34][36] Additional Insights - Fathom divested from its insurance business to focus on higher growth opportunities, achieving a 32% growth rate in its core business [78] - The company has implemented AI solutions to enhance efficiency and reduce costs across various operations [51][52]

BELLINGHAM, Wash., May 20, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the addition of ERS Real Estate Group, the residential arm of Omaha-based Elite Real Estate Systems LLP (ERS). Co-founders Jeff Cohn and Renee Mueller are leaders of the 53 agents who closed $170 million in sales volume across 575 units in 2024. Previously known as kwELITE, ERS Real Estate Group was ...