BrokerPulse

RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Knock.com’s Sean Black on the transaction revolution

Real estate is on its third revolution, from the digital revolution of the early 2000s to the information revolution kicked off by Trulia and Zillow to today's transaction revolution.

Newsletter

The RealTrends BrokerSource and HousingWire OpenHouse newsletters deliver twice weekly information on trends, strategies, analysis, people, and news shaping the real estate industry.

News

United Real Estate Merges with Atlanta’s Largest Residential Brokerage Virtual Properties Realty

United Real Estate – a division of United Real Estate Group (UREG) – announced its merger with Virtual Properties Realty (VPR), the largest residential real estate brokerage in Greater Atlanta and the State of Georgia. VPR’s 14 locations and 3,700 agents close over $2.5 billion in annual sales. Both companies operate full-service, tech-enabled, next-generation real estate brokerages with 100%/fee-based agent commission models.

REAL Trends was honored to represent Virtual Properties in their transaction with United Real Estate.

The timing of the merger corresponds to the completed deployment of United’s comprehensive Bullseye™ Agent & Brokerage Productivity Platform. This virtual platform utilizes proprietary SEO algorithms to identify, retain and convert business leads for its agents and brokerages across the country. Powered by a 1.8+ million listings data warehouse, it generates over 3 million monthly visitors to United’s websites and 30,000 leads per year.

“Steve Wagner and Karen Burks, co-founders of VPR, are early pioneers of the full-service, high agent compensation model and have continuously enhanced their agent support systems. As a result, they have grown faster and more consistently than any other brokerage in the Southeastern U.S.,” said Dan Duffy, CEO of United Real Estate Group. “While VPR’s size and market share were appealing, we were also attracted to the close alignment of our cultures and how VPR truly demonstrates their commitment to extraordinary agent and client outcomes,” added Duffy.

VPR attributes its consistently high growth rate to the delivery of high-quality client experiences accomplished through its enormous commitment to training and development of its growing sales force. The company provides unique professional coaching and mentoring programs in addition to providing over 500 in-person and virtual training programs each year.

“VPR’s alliance with United Real Estate turbocharges our 21-year mission of progressive growth,” stated Steve Wagner, Broker Owner/Co-Founder of VPR. “VPR just gained a strong national footprint and better capacity to deliver what is needed to propel us into our future,” he explained.


“Bringing our two organizations together accomplishes a major milestone in our company’s success. Joining a much larger organization with a strong national network provides tremendous growth opportunities for our agents and more services to our clients,” stated Karen Burks, Broker Owner/Co-Founder of VPR.
 

“The addition of VPR reflects our commitment to build United’s national footprint. To do so with this market-leading company and quality people like Steve, Karen and their team is especially rewarding,” stated Rick Haase, President of United Real Estate and Chief Operating Officer of United Real Estate Group. “VPR has created a culture of success by adapting quickly to the changing real estate landscape; an example of that is their successful approach to the emerging iBuyer business segment. Merging with United Real Estate simply accelerates the process of smart growth for both companies,” he added.

United Real Estate has a network of more than 100 offices, 10,500 agents and will close 48,000 transactions and $12 billion in real estate sales annually. 

To learn more about United Real Estate, brokerage succession planning, brokerage valuation and sale or franchising opportunities, visit GrowWithUnited.com or call 888-960-0606.

Most Popular Articles

Where is the housing market headed?

Rising incomes, low interest rates and all other factors, including the balance between families looking for housing and the availability of housing, point towards a continuation of the strong housing market of the last 15 to 18 months.

Oct 18, 2021 By

Latest Articles

Abortion, marijuana laws play a role in relocation decisions

People take the politics of a place into consideration when deciding where to move, but other factors including housing affordability and access to jobs and schools take priority, Redfin study shows

Oct 19, 2021 By