The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

Real Estate

Josh Team out as Keller Williams president

News comes not from brokerage, but Team's personal Facebook page

Josh Team is out as president of Keller Williams, a few months after what appeared to be a promotion.

Team wrote on his personal Facebook page Monday that, “I’ve decided to move on to my next opportunity from Keller Williams. In conversations with Gary, Carl, and the team we all mutually agreed to a plan where I’ll be helping in the transition over the next couple of weeks.”

Inman News was first to flag Team’s resignation note.

Gary Keller, executive chairman for Keller Williams, confirmed Team’s departure later in the day Monday following a lengthy company board meeting.

“Recently, Josh Team and our leadership team sat down to discuss an amicable and mutual departure agreement and set up a thorough transition plan,” Gary Keller said in an open letter to company employees and agents.

Team’s departure led to the in-house promotion of Marc King as president. King was previously co-director of growth.

The company also announced Monday that they brought on Chris Cox as head of technology and digital, after a stint with Bain Consulting.

The shake-up follows founder Gary Keller’s announcement in October that he would step down as CEO of the Austin, Texas-headquartered brokerage. A company statement explained at the time that Team would “assume all duties and responsibilities previously held by Keller. Keller Williams Realty will no longer have a CEO; however, Keller will become executive chairman of the board.”

Complicating the leadership picture was creation of a Keller holding company, KWx, with Carl Liebert named as CEO to run that operation.


How to Diversify Your Brokerage to Weather Economic Hardship

Diversification is one approach brokerages can adopt to help ensure stability in unavoidable times of uncertainty, work to protect their revenue and – ultimately – financially weatherproof their business.

Presented by: Motto Mortgage

A former executive at Auto Nation and Home Depot among other companies, Liebert was a fixture at last week’s “Family Reunion,” an annual gathering of Keller real estate agents.

Liebert does not have a background in real estate. King, who is a former real estate agent, will run the brokerage’s daily operations but must report to Liebert.

Team also did not have a real estate background. He joined Keller Williams in 2015 after he worked as the Chief Innovation Officer at RAPP, a New York City-based advertising shop.

Team served as Chief Innovation Officer for Keller, and he focused on Keller’s digital presence, including a revamped consumer-facing website and proprietary customer relationship management software. Keller promoted Team to President in 2019.

Under Team’s watch, Keller dropped its “Smarter Agent” real estate app.

A private company, Keller self-reported last week sales volume numbers of its franchisees. The firm’s U.S. and Canada affiliates claimed $407 billion in 2020 sales volume, a 16 percent climb from 2019.

UPDATE 2/22: This story was updated following Keller Williams’ response.

Leave a comment

Most Popular Articles

Millions will enter housing market in 2021: Zillow

Up to 2.5 million households could enter the housing market in 2021, per Zillow. The buyers will descend on the “secondary cities” across the U.S.

Apr 07, 2021 By

Latest Articles

William Raveis ain’t no stinkin’ iBuyer

Like others, resi brokerage & lender William Raveis is happy to buy your home. But its new program doesn’t mean it’s an iBuyer.

Apr 09, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please