In another big move for the company, Compass International Holdings has announced a merger with fintech company Rate to unite the two companies’ mortgage ventures—Guaranteed Rate Affinity and OriginPoint—under the OriginPoint brand, becoming a top 10 national mortgage lender, according to a release from the two companies Guaranteed Rate Affinity was founded in partnership with…
United Real Estate has announced the launch of VPR | United, serving residents along the Gulf Coast—from Mobile, Alabama to iconic destinations, such as Orange Beach, Gulf Shores and Destin, Florida. United stated that the expansion is being led by Virtual Properties Realty, an affiliated company and Atlanta’s largest residential brokerage by homes sold in…
HomeSmart has announced a merger with NorthGroup Real Estate, expanding its presence across North Carolina, South Carolina, Georgia, and Florida and advancing the company’s national growth strategy. The merger brings nearly 2,000 agents from NorthGroup Real Estate into the HomeSmart network, growing the company to over 27,000 agents nationwide, according to a release. HomeSmart also…
The newly named Real REMAX Group announced on Aug. 24 the successful completion of the previously announced business combination between The Real Brokerage Inc. (Real) and RE/MAX Holdings, Inc. (RE/MAX Holdings). The companies said in filings with the U.S. Securities and Exchange Commission that all customary closing conditions had been met. Real’s common shares and…
CoStar Group announced the completion of its $800 million acquisition of Zonda—a provider of new home construction data, homebuilder software and residential real estate marketplaces. The deal was first announced back in May. CoStar stated in a release that this acquisition expands the company’s presence across the residential real estate ecosystem, extending the company’s data,…
Regional powerhouse Howard Hanna Real Estate Services is again expanding its footprint into new territory with what it’s calling a “strategic national partnership” with Maine-based Portside Real Estate Group. The move marks Howard Hanna’s entry into Northern New England, and aligns with the firm’s history of joining forces with independent, locally led real estate firms.…
According to a regulatory filing yesterday, Real’s bid to purchase REMAX for $880 million is moving forward—as far as the Department of Justice (DOJ) is concerned—with a waiting period created to allow antitrust review of big corporate mergers passing today. In the statement filed with the Securities and Exchange Commission (SEC), Real said that the…
Mega-franchisor Keller Williams announced today that it has acquired ascendant independent brokerage the Jason Mitchell Group (JMG), in yet another significant brokerage consolidation—this time between two companies with similar business models and priorities. After operating under My Home Group in Arizona, JMG went independent in 2019 and grew swiftly, ranking 36 in the nation in…
Sotheby’s International Realty (SIR) has announced the acquisition of Majestic Realty Collective (MRC), one of the most productive luxury real estate organizations in North America, according to the company, which included eight Sotheby’s affiliates. The acquisition expands SIR’s footprint across premier luxury and resort markets in the American West and aims to strengthen its presence…
Above, Anthony Lamacchia, Josh Lioce and Jackie Louh Lamacchia Realty announced that Lioce Properties Group, based in Milford, Massachusetts, has joined the company following a merger finalized earlier this week. The move expands Lamacchia Realty’s presence in the South Metrowest and Worcester County markets. “I’m so beyond excited to finally have an office in South…
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