News Quiz: Do you know the biggest stories for the week of Feb. 27?
Keller Williams, Ryan Serhant and RE/MAX founder Dave Liniger all showed a new side of themselves this week.
It's the end of the week, and the beginning of a new month, and we're here to determine what was worth remembering during a seven-day period that straddled February and March.
Keller Williams President Marc King said in an earnings report Tuesday that gross commission income per agent at Keller Williams reached this sum in the fourth quarter of 2021.
$51,000
$43,330
$77,800
None of the above
$77,800. "Gross commission income per agent reached $77,800 in the fourth quarter of 2021, which is a 72 percent increase over the last decade,” King said. Read the story here.
According to Zillow’s Q4 iBuyers report, released Tuesday, more than 1 in 10 homes were sold in the fourth quarter of 2021 using an iBuyer in this market.
San Francisco, California
Raleigh, North Carolina
Phoenix, Arizona
Omaha, Nebraska
Raleigh, North Carolina. Raleigh was the only metro where more than 1 in 10 homes sold last quarter were sold using an iBuyer (11%). Tucson (9.5%), Atlanta (8.9%), Jacksonville (8.9%) and Phoenix (8.8%) narrowly missed that mark. Read the story here.
RE/MAX founder Dave Liniger is taking his franchising expertise to the fast-food world, it was reported earlier this week, with the purchase of 20 locations of this franchise.
Culver’s
Daddy’s Chicken Shack
Wendy’s
Bojangles
Daddy’s Chicken Shack. RE/MAX founder Dave Liniger is taking his franchising expertise to the fast-food world, with the purchase of 20 Daddy’s Chicken Shack locations across Phoenix and Denver. Read the story here.
On Monday, luxury broker Ryan Serhant unveiled a preview of his new virtual world for agents and employees. What is the virtual world called?
Serland
UNIVERS.
HoMLND.
rEALs
UNIVERS. On Monday, luxury broker Ryan Serhant unveiled sneak-peek footage of UNIVERS., his virtual world for agents and employees. Read the story here.
This brokerage saw its revenue soar in the final quarter of 2021, according to its first earnings report, issued Tuesday, as a stand-alone publicly traded company.
Douglas Elliman
REX
Compass
The Agency
Douglas Elliman. Douglas Elliman saw its revenues soar in the final quarter of 2021, according to its first earnings report as a stand-alone publicly traded company. Read the story here.
Francis Davidson, the CEO of San Francisco-based short-term rental manager Sonder, purchased this 13-time grammy winner's Hollywood Hills estate for $9.2 million.
Pharrell Williams
Quincy Jones
John Tesh
Bette Midler
Pharrell Williams. Francis Davidson, the CEO of San Francisco-based short-term rental manager Sonder, has been revealed as the buyer behind the sale of music producer and rapper Pharrell’s Hollywood Hills home, a week after it was reported the 13-time Grammy winner and songsmith behind “Happy” had sold the estate. Read the story here.
In 2021, the typical American homeowner stayed in his or her home for this long, according to data released Wednesday by Redfin.
6.3 years
4 years
13.2 years
25.6 months
13.2 years. In 2021, the typical homeowner stayed in his or her home for 13.2 years, a modest decrease from 13.5 years in 2020, yet still an increase over the past decade, data shows. In 2012, homeowners typically remained in their homes for 10.1 years. Read the story here.
Better Mortgage is now licensed in every U.S. state except this one.
Nevada
Massachusetts
New Hampshire
Hawaii
Nevada. Better HoldCo Inc. affiliate Better Mortgage Corp. is now licensed in every U.S. state but Nevada, with the company’s recent expansion into Massachusetts, Hawaii and New Hampshire. Read the story here.
Two weeks after its arrival in California, Offerpad on Thursday announced it was expanding into this Golden State city
Oakland
Sacramento
Anaheim
San Francisco
Sacramento. Two weeks after its arrival in California, Offerpad is expanding its reach by bringing its iBuying services to Sacramento and 50 surrounding cities and towns. Read the story here.
True or false: Russian banks this week raised mortgage rates above 30 percent.
True
False
False. Russian banks like VTB raised mortgage rates this week to as high as 15.3 percent. Read the story here.