Sean Varin and Paul Marsh have been promoted to senior roles at Fathom Holdings and its subsidiary, Encompass Lending Group, and will be responsible for stoking growth opportunities
Since hitting a June 21 low of $1.33, shares in the flat-fee real estate brokerage are up 125% as the company continues to add agents and pursue plans to expand operations to all 50 states
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
While transactions fell 15% from 2022, Fathom executives said during a Q3 earnings call Wednesday that its flat fee commission split model helped its agent network grow by 13%
Revenue was up 80%, real estate transactions were up 42% and agent count grew by 50% at the end-to-end services platform