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
Fathom Holdings has announced Samantha Giuggio as Fathom Realty president and Fathom Holdings chief operations officer, and Jon Gwin's appointment as chief revenue officer
The company's Q3 revenue clocked in at $83.7M while net losses rose to $8.1M as Fathom faced an uncertain market and dealt with expenses related to a $3M NAR settlement contingency
Real estate giants report mixed results in Q3 earnings statements, as market shifts put profitability and growth strategies to the test
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
15 MLSs and 13 brokerages that chose to opt-in to NAR's commission settlement will cough up an additional $30,587,754 in compensation to sellers, raising the settlement fund to nearly $450M
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
In a statement, the real estate brokerage denied wrongdoing and said it had agreed to settle with plaintiffs in an attempt to move on and continue to grow the business
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
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
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HomeLight CEO Drew Uher says he's glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees the value of being in lending 'in a very selective way' to help agents close deals
Fathom Holdings beefs up title coverage in 3 states with 'strategic addition' to geographic footprint by acquiring 9-person title agency with offices in Utah, Colorado and Virginia
Gwin, who previously held executive positions at Wachovia Bank and Wells Fargo, is credited with helping to develop some of the first compliance management systems in the mortgage industry