Fathom teases the new model for sharing an agent
To support the new plan, Fregenal called a survey that shows that almost 90% of the agents more of their Ouder -Brokerse will, but he did not offer any details about what is to come.
The upcoming offer will be helled by two plans that Fathom for Agents implemented in August 2024 for agents.
Fathom share offers what the company calls, an industrial-bear 12% Split committee with an annual cap of $ 12,000. Fathom Max offers a lower transaction costs of $ 465 with an annual cap of $ 9,000.
The two new plans were able to enable the broker to abolish his fathom one plan to new agents. Fregenal said that 5% of his new agents have joined the share of Fathom.
Fathom is looking for ways to recruit and retain agents in a stagnant housing market where quality agents are a lot of demand. The company already has a good part of the victories in that area.
At the end of 2024, the number of agent of the brokerage had risen by 21% compared to a year earlier and landed at around 14,300. The growth is representative of a trend because Fathom has become public, because the current number of agent has also risen by 38% compared to 2022.
Financially the company is trending in the right direction. The total turnover in the fourth quarter grew by 24%year after year to $ 91.7 million, with a turnover from brokerage services (+26.3%), mortgage (+11.1%), title (+92%) and technology (+38%) all increase with double size percentages.
However, the mortgage and title companies are still in its infancy, with revenue growth that affects $ 2 million and $ 1.3 million respectively.
Despite the growth in turnover and a number of cost -saving measures, the company has still posted a net loss of $ 6.2 million in the fourth quarter of 2024, although that is a loss of $ 8.4 million in Q4 2023.
