Fathom out to raise more than $7M by hiking agent fees, selling shares
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
by Matt Carter Dec 5
Real estate CEOs: Big impact from commission suits 'improbable'
The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions
by Jim Dalrymple II Nov 17
New bombshell lawsuit targets Texas Realtor orgs, local teams
A homebuilder and holding company filed the case Monday. But unlike other suits against NAR, this one lists the Texas Association of Realtors and other local organizations as defendants
by Jim Dalrymple II Nov 14
Fathom Realty founder Josh Harley steps down as chairman and CEO
'Door open' to Harley's return after he relinquishes leadership roles, citing family reasons. Longtime CFO Marco Fregenal is new CEO and independent director Scott Flanders is chair
by Matt Carter Nov 13
Fathom Realty continues to grow agent count with rebound in sight
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%
by Matt Carter Nov 9
'It must have 16 cabinets': 6 deals that died for wild and silly reasons
Real estate agents recently revealed to Inman the most unexpected reasons they've lost deals — including a fear of snakes, hatred of Glade Plug-ins, bad vibes and, apparently, off-kilter feng shui
by Jim Dalrymple II Sep 1
Q2 2023 earnings roundup: A shift away from growth at all costs
Real estate companies and related industries faced down the down market by cutting costs to offset declines in revenue
by Christy Murdock Aug 17
Fathom Realty trims its losses during Q2 as agent count grows
Fathom logged a net loss of $4.3M during Q2, an improvement over the $5.7M loss logged during Q1, according to its earnings report released Wednesday
by Ben Verde Aug 9
Fathom Realty announces slew of new leadership hires
The North Carolina-headquartered real estate firm announced the hiring and promotion of new district directors in 5 key markets
by Ben Verde May 26
Fathom Realty narrows losses but agent growth slows in Q1
With 10,628 agents on board as of March 31, Fathom grew by 258 agents in the first 3 months of the year but posted a $5.7M Q1 net loss, according to a Q1 earnings call Wednesday
by Matt Carter May 11
Fathom Realty parent company borrows $3.5M from existing investor
Fathom Holdings will pay at least 8% interest on a convertible note company executives say will provide more flexibility as they seek 'cash flow profitability' by Q3
by Matt Carter Apr 14
Fathom Realty still adding agents after raising transaction fees
In reporting a $9.9M Q4 loss Wednesday, Fathom executives reassured investors that they see a path to profitability without saying exactly when that might happen
by Matt Carter Mar 22
Corcoran Global Living CEO awash in lawsuits amid agent pay delay
Agents with some of the California-based franchisee's 70 branches allege delayed commission payments and power outages as CEO Michael Mahon battles lawsuits on multiple fronts
by Lillian Dickerson Nov 18
Fathom raises transaction fees, boosts incentives amid Q3 loss
The real estate brokerage and tech platform is accelerating cost cutting after posting a $6M third-quarter loss, with revenue up 10.2% to $111.3M and agent count up 33% to 9,991
by Matt Carter Nov 7
RE/MAX Holdings appoints new chief information officer
Former FathomRealty executive Grady Ligon has joined the company, bringing more than 20 years of experience in financial and brokerage technology
by Marian McPherson Oct 4