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Redfin Announces Nationwide Expansion of Agent Compensation Plan

Redfin Announces Nationwide Expansion of Agent Compensation Plan

by Phil Hall | Sep 9, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Seattle-headquartered Redfin (NASDAQ: RDFN) is expanding the Redfin Next agent compensation plan nationwide on Oct. 27. According to the company, all Redfin agents will earn competitive splits as high as 75% and will have virtually all their business expenses covered....
S2 Capital Acquires Denver-Area Multifamily Community

S2 Capital Acquires Denver-Area Multifamily Community

by Phil Hall | Sep 9, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

S2 Capital, a Dallas-headquartered multifamily investment manager, has acquired Dartmouth Woods, a 201-unit multifamily community in the Denver suburb of South Lakewood, Colorado. The financial terms of the transaction were not disclosed. Dartmouth Woods was built in...
Gregory Raap Named SVP of Property Management at CONAM

Gregory Raap Named SVP of Property Management at CONAM

by Phil Hall | Sep 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The San Diego-based multifamily real estate company CONAM has hired Gregory Raap as executive vice president of property management. Raap brings over two decades of multifamily real estate experience involving conventional, affordable and military housing. He was...
Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes

Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes

by Phil Hall | Sep 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The commission changes were expected to occur with the National Association of Realtors’ (NAR) historic settlement have not come to pass in many markets, according to a new report by Redfin (NASDAQ: RDFN). The new report, which is based on interviews with dozens...
Realtor.com Debuts AI Design Tool for Homeowners

Realtor.com Debuts AI Design Tool for Homeowners

by Phil Hall | Sep 9, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Realtor.com has unveiled Renovation Designer, a generative artificial intelligence (AI) design tool to provide users with visualizations of exterior and interior home renovations. According to the company, the new tool is powered by the residential 3D property data...
Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang

Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang

by Phil Hall | Sep 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The owner of the apartment complex in Aurora, Colorado, that was taken over by the Venezuelan Tren de Aragua criminal gang has agreed to sell the property in exchange for the city’s pledge to drop a lawsuit against the company. The Denver Gazette reported Nome...
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