Fathom Realty borrows $5M to accelerate growth plans
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
by Matt Carter Sep 27
Fathom Realty agrees to pay $2.95M to settle commission suit
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
by Taylor Anderson Sep 17
Fathom shares bounce back on prospects for agent growth
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
by Matt Carter Sep 9
Gains and losses amid market shifts: Q2 2024 earnings
The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, here's the breakdown of who's up and who's down
by Jessi Healey Aug 15
Fathom says revenue sharing will help it recruit new agents
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
by Matt Carter Aug 12
Fathom's Verus Title subsidiary acquires LW Traveling Title
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
by Matt Carter Jun 21
Fathom Holdings names real estate veteran Jon Gwin as COO
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
by Ben Verde May 29
Fathom Realty has more agents, fewer Q1 sales than a year ago
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
by Matt Carter May 9
Fathom sells Dagley Insurance subsidiary back to founder
The sales proceeds of $15M will strengthen the company's financial position and support growth initiatives, Fathom Realty parent company said Monday of its latest move to shore up finances
by Matt Carter May 7
Fathom Realty unveils partnerships with CE Shop, Working Advantage
Fathom Realty has teamed with The CE Shop and Working Advantage to offer exclusive 20% to 60% discounts on real estate education courses and lifestyle programs
by Marian McPherson May 2
Recruiting War '24: Agents field new offers constantly, Intel finds
A slower market and a crowded brokerage landscape have shifted efforts from quantity to quality, new reporting and Intel survey results reveal. For agents, it's now an unavoidable aspect of the job
by Jim Dalrymple II Apr 8
Who's out: The brokerages not covered in the NAR settlement
More than 90 brokerages would not be covered under the $418M deal, though most have the option of buying in
by Andrea V. Brambila Mar 20
Fathom Realty added 1,425 agents after raising fees last year
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
by Matt Carter Mar 14
Wendy Forsythe makes leap from brokerage world to coaching firm
The experienced real estate executive has led initiatives at Compass and Fathom Holdings. Now she'll be president of Chirag Shah Coaching
by Daniel Houston Feb 7
Stars align for Fathom to outsource data services to Constellation1
The data partnership will spread across the NASDAQ-traded company’s operations, which includes services in mortgage, title, insurance and data aggregation, and transaction software
by Craig C. Rowe Feb 6