START Real Estate has just 70 agents, but founders Randy and Terri Bell have built a business model with a 70 percent mortgage attach rate that Fathom wants to take nationwide
The rollout will be followed by the debut of BPP-powered local MLS sites and then a long-promised national consumer listing site to compete against Zillow, Realtor.com, Homes.com and Redfin
Parent company will invest up to half of its excess cash in the 'highly volatile' cryptocurrency to pave the way for enabling bitcoin payments for agents and customers at a later date
Organizational change will allow DeJane Kerr, Fathom Realty's senior vice president of compliance, to focus on brokerage compliance, parent company says
Scottsdale, Arizona-based brokerage will continue to operate under the My Home Group brand, with co-founders Jereme Kleven and Mark Hutchins staying on to oversee daily operations
CEO Marco Fregenal says fresh capital in the form of convertible notes will help brokerage fast-track planned agent and transaction growth, with a focus on targeted walkovers and acquisitions
After growing agent count by 12%, the flat-fee brokerage said in Q2 earnings that it's poised for continued growth with new plans that pay a percentage of revenue generated by recruited agents
CEO Marco Fregenal says the flat-fee brokerage is making progress toward achieving 2024 goals despite seasonality and broader industry challenges driving a $5.9M Q1 net loss
Fathom posted a $24M annual loss during a Q4 and 2023 earnings call Thursday afternoon, with executives saying the brokerage's transaction volume dropped less than the industry overall
The agent fee increases the flat-fee brokerage previously implemented for 2023 haven't stopped Fathom from growing, with Sept. 30 agent count up 13% from a year ago, to 11,333
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