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NextHome Recognized by the San Francisco Business Times

NextHome Recognized by the San Francisco Business Times

Pleasanton, CA — November 17, 2020 — Every year, the San Francisco Business Times publishes their ranking of the region’s fastest-growing private companies. These are the innovators, the companies driving economic growth not only locally but globally.

They rank these flourishing companies by percentage growth in revenue from 2017 to 2019. The 2020 list included a touch of orange this year with NextHome, headquartered in Pleasanton, CA, ranking No. 63 on the list thanks to an impressive 73% two-year growth rate.

The 2020 Fast 100 class underscores that growth is not limited to one industry or locale in the Bay Area. Fast 100 companies are based in 25 different cities and reflect a varied range of industries and sizes. This year’s Fast 100 honorees include small veterinary practices pushing past their first $1 million and general contractors inching toward $1 billion in revenue.

Each company had a different path toward economic success. NextHome’s impressive growth has contributed to a year of milestones in 2020. The six-year-old franchise has opened over 500 franchised offices, with a total of 4,100+ members, in 47 states.

While growth is good, NextHome prides itself on growing with the right people. Each oncoming NextHome office has been meticulously reviewed to ensure that they will be a good fit for the culture of the franchise.

“The most empowering word in our language is the word ‘no’ and we use this word often when we discuss franchising opportunities with prospective brokers and agents,” said Charis Moreno, Nexthome’s Vice President of Sales. “We’re not looking to bring in everyone, and we think most people respect that. At the end of the day, you can have the best marketing, technology, and integrated systems and tools, but if you don’t have the right people the rest doesn’t even matter.”

Thank you San Francisco Business Times for recognizing NextHome as one of the Bay Area’s fastest-growing private companies, and thank you NextHomies for advocating our mission for helping enrich people’s lives by helping them find their next home.

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

NextHome Named in Franchise Business Review’s “Culture100” List

NextHome Named in Franchise Business Review’s “Culture100” List

Pleasanton, CA — November 9, 2020 — NextHome was recently named to Franchise Business Review’s first annual “Culture100” list. The list recognizes the top 100 franchise brands in a 2020 report on the Best Franchise Cultures

Franchise Business Review, a franchise market research firm that performs independent surveys of franchisee satisfaction, provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. Franchise Business Review publishes its rankings of top franchises in its annual Guide to Today’s Top Franchises, as well as in special interest reports throughout the year that identify the top franchises in specific sectors.

NextHome was among over 300 franchise brands, representing over 27,000 franchise owners, that participated in Franchise Business Review’s research on the best franchise cultures. NextHome franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including leadership, training & support, the franchisee community, and work/life balance.

The NextHome Culture has been a differentiator for the franchise since its inception in 2014. Their Humans Over Houses motto and mindset puts people first in an industry that so commonly forgets about the human connection in a tech-driven world. 

“Many franchise organizations ‘talk the talk’ when it comes to culture, but it’s clear that they don’t all ‘walk the walk’,” said Eric Stites, CEO of Franchise Business Review. “A strong culture doesn’t just happen within a company—it has to be designed, built, and constantly maintained. The franchise companies that have the honor of being named to our first-annual Culture100 list are clearly among the best of the best franchises in the business.”

Another key factor of NextHome’s culture is growing with the right people. 

“The most empowering word in our language is the word “no” and we use this word often when we discuss franchising opportunities with prospective brokers and agents,” said Charis Moreno, Vice President of Sales at NextHome. “We’re not looking to bring in everyone, and we think most people respect that.”

NextHome’s specific process for bringing on new franchising partners is heavily weighed on whether or not the new office would be a good, “culture fit” above growing numbers. 

“While metrics are important in some conversations, we don’t find them important when it comes to the overall success of NextHome,” said Charis. “At the end of the day, you can have the best marketing, technology, and integrated systems and tools, but if you don’t have the right people the rest doesn’t even matter.” 

Visit FranchiseBusinessReview.com to see the full list of the 2020 Best Franchise Cultures.

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

Implementing Proven Strategies for Growth During Changing Times

Implementing Proven Strategies for Growth During Changing Times

SAN JUAN CAPISTRANO, CALIF. (October 28, 2020) – T3 Fellows, the executive leadership program for residential real estate brokers and teams passionate about dramatically growing their business, announced the graduates of their NextHome T3 Fellows class today.

The 12-month MBA style program helps brokers and teams implement tools and tactics that specifically target growing brokerage revenue by recruiting the agents that best match each company, improving profitability by increasing agent sales, creating powerful branding and marketing programs, and leveraging lead generation and conversion for more sales.

“What an incredible group of entrepreneurs and brokers,” says Dean Cottrill, SVP, T3 Sixty and Program Director of the T3 Fellows program. “It’s been a pleasure and a privilege to work with these business leaders over the last year.”

The NextHome franchisee business owners who have successfully completed the rigorous 12-month program and will be graduating in the fall 2020 class are as follows:

Left to right: Angel Pabon (NextHome My Way | Milwaukee, WI), Marlene Waterhouse (NextHome Coastal | Lake Forest, CA), Curtis Siever (NextHome Realty Select | Winchester, VA), Rhonda Plake (NextHome HeartLand Realty | Stillwater, OK), Harold Chappell (NextHome Cape Fear | Wilmington, NC)
Left to right: Jason Jakus (NextHome Advisors | Ft. Myers, FL), Tammi Pierce (NextHome Seekers | Myrtle Beach, SC), John Mangini (NextHome Premier | Warren, NJ), Tina Hartman (NextHome Coastal | Lake Forest, CA), Liam Pierce (NextHome Seekers | Myrtle Beach, SC)

“Without fail, every single one of the T3 Fellows NextHome brokerage owners said, ‘Why did I not do this earlier?’” said Imran Poladi, Vice President at NextHome.

With big shifts in the economy and an increasingly competitive marketplace, the NextHome graduates are now ready to lead and grow their businesses more strategically.

About T3 Sixty

T3 Sixty is a trusted advisor and management consultancy in the residential real estate brokerage industry. Clients include franchisors, brokerages, Realtor associations, MLS organizations and technology companies. Whether reorganizing, expanding or innovating, leaders and entrepreneurs rely on T3 Sixty’s extensive experience and objective, analytical research to effect intelligent change. For more visit t360.com.

NextHome Announces Luxury Brand, Casan Collection

NextHome Announces Luxury Brand, Casan Collection

Pleasanton, CA — October 14, 2020 — NextHome entered the real estate space in 2014 to make a difference in the industry. So what is the NextHome difference? We listen. As a franchise, NextHome has taken great strides within these six years, overcoming various challenges that spurred new strategies to best fulfill the needs of our NextHomies as they service hundreds of unique markets across the country. 

Introducing… The Casan Collection. 

NextHome members are innovators, passionate about redefining the real estate experience in ways that prioritize the value of the human relationship. We understand that people looking to buy or sell their home are looking to do so with the greatest ease, placing their trust in us to expertly guide them through the process. 

Luxury clients share these same qualities, plus an innate desire for something exclusive, someone who recognizes their unique wants and needs. The Casan Collection was specially designed to meet the standards of the top 10 percent of the market and set a new benchmark in luxury real estate.

Our commitment to elevating the highly specialized sale of luxury homes translates to the Casan Collection being available only to NextHome members who have completed a thorough training and certification course through the Institute for Luxury Home Marketing. As the leaders in this space for nearly two decades, the Institute has deep knowledge of the affluent clientele that makes up that top 10 percent of every market.   

“The Institute’s intensive, two-day training program teaches real estate professionals how to work with the affluent and how to anticipate their ever-changing needs, especially in this market,” said Diane Hartley, President of The Institute. “Agents armed with this training and access to the beautiful branding of the Casan Collection will most certainly stand out in their markets.”

When creating Casan’s brand identity, we teamed up with the world’s leading design firm Pentagram to create what this new name in luxury real estate would look like. Along with the sophisticated visual identity, we developed a set of guidelines for the marketing package each Casan listing deserves. Implementing high marketing standards has been a major area of success for NextHome, and Casan will follow suit to ensure a superior experience. 

Every Casan Certified agent and every home in the collection observes these high marketing standards that are strictly monitored, giving agents a formula for success in advertising these high-end residences. These guidelines include requisite usage of the elegant Casan yard signs and print materials, staging, professional photography and 3D tours, floor plans, along with the hand-curated tools LUXVT and Studeo. 

LUXVT is a global advertising package like no other that features listings in top-tier media outlets such as The New York Times, The Wall Street Journal, Robb Report, Mansion Global, and duPont REGISTRY™. More than placement in these publications, LUXVT provides hundreds of international ads, an elegant video tour, social media marketing, and more. The integration between LUXVT and NextHome means no Casan agent has to enter the same data, again and again, the listing information is fed seamlessly between the platforms for maximum efficiency. Reaching a global audience has never been easier.

“LUXVT is extremely thrilled to be a part of the Casan initiative,” said Charles Bornheimer, LUXVT Founder and CEO. “LUXVT and NextHome share a vision for luxury real estate marketing that’s accessible and easy for agents while delivering an irresistible value proposition to home sellers. Through Casan, both agents and homeowners will benefit from this tech-driven, distinctive approach to luxury.”

A crucial component of Casan’s success comes from our partnership with Studeo. NextHome and Casan Certified agents enjoy automated digital storybooks for qualifying listings, showcasing a client’s residence through dynamic visuals, picture carousels, animations, and more.  It’s an immersive experience that brings the story of the home to life, at a time when affluent buyers are looking for a compelling narrative.

“We created Casan to be the new benchmark in luxury real estate,” said James Dwiggins, Chief Executive Officer of NextHome, Inc. “Luxury is about exclusivity, which prompted an elevated brand identity and minimum marketing standards – thus setting the bar high and setting Casan Certified agents apart from the crowd. We’re adding to the NextHome brand, building an elite collection of marketing and tools to give our agents the edge over the competition.”

Gaining the trust of refined clientele comes with an unwavering commitment to excellence with zero shortcuts. NextHome’s Casan Collection is the next level of luxury real estate.

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

The Importance of Storytelling in Real Estate

The Importance of Storytelling in Real Estate

Pleasanton, CA — October 1st, 2020 — It’s easy to say marketing in real estate has changed drastically over the years. What was once an ad in a newspaper has shifted to the virtual world we’re living in today. It’s crucial that real estate professionals are up to date on the latest trends, and at NextHome, we strive to add advanced marketing tools accessible to our proprietary platform as an included benefit for all members. Our most recent partnership with Studeo is the first of its kind at a national level, and we can’t wait for the entire NextHome franchise network to take advantage of the world’s leading interactive storytelling platform for real estate. 

Storytelling itself has drastically changed from word-of-mouth to the written word, and now visually on virtual platforms. As the majority of consumers have shifted from looking for homes online versus in-person, presenting them with a compelling narrative of their potential next home is imperative for them to visualize their life there. A house is more than statistics like square feet, bedroom and bathroom count. It’s a home where we make memories and tell stories. Every home is a story in itself.  

Enter, Studeo. 

The platform puts together high-quality photography, detailed floor plans, well-staged listings, 3D walkthroughs, and video – plus auditory enhancements – to tell the story of the home, invoking all the emotions associated with the milestone of buying a house.

By partnering with Studeo, our system will be creating storybooks for each NextHome listing that meets the criteria – automatically. Adding this impressive marketing tool to an agent’s toolbox not only makes a listing stand out to buyers, it also further promotes the professional’s value proposition to sellers. Brokers will also find the included tool a powerful recruiting and retention item.

“At NextHome, we are continually analyzing the tools and services we provide as a member benefit, along with scouting out the latest and greatest that could be added,” said Keith Robinson, NextHome’s Chief Strategy Officer. “We are not a ‘set it and forget it’ franchise and tools like Studeo allow NextHome agents to provide the next-level service. In an industry where so much is won or lost on first impressions, Studeo makes yours a story worth listening to.”

“We’ve found an incredible partner with the NextHome team,” said Studeo CEO Rebecca Rose. “They are extremely forward-thinking and immediately grasped the power and strategic value of interactive storytelling for their brand. We’re very excited to launch our new direct-from-MLS automated storybook engine at scale, for all their listings within all their markets. With online appeal being the new curb appeal, this partnership together with our complete suite of storytelling tools is going to set a new bar for the digital experience brokerages and agents can create for their end customers.”

When members opt-in for this service, our proprietary system will take care of the rest, pulling property photos and descriptions, adding cinemagraphs and carousels, and creating a powerful digital presentation to share across all platforms. NextHome agents will stand out from the competition with this fully automated and integrated marketing tool that is not used by every other brokerage on the block. 

The full version of the product can integrate Matterport 3D home tours, custom videos, and animations into a holistic experience that helps tell the story of the home with passion, comfort, and warmth.

With real estate relying heavily on visual content that is presented in an enhanced and distinguished way, using Studeo speaks to the professionalism NextHome agents bring to the table. Not only does the product produce beautiful stories, but the integration NextHome agents receive also frees up their time to focus on the core of their profession – building relationships with the people looking to buy or sell their next home. 

Storytelling is pivotal in real estate, learn how to write, tell, and show yours with Studeo via NextHome. 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

Each office is an independently owned and operated business.

NextHome Named a Top Growth Franchise by Entrepreneur Magazine

NextHome Named a Top Growth Franchise by Entrepreneur Magazine

Pleasanton, CA — September 15, 2020 — NextHome was recently ranked in Entrepreneur magazine’s first Top Growth Franchises list. This list recognizes the 150 companies with the greatest positive franchise unit growth in North America over a three year period, based on data submitted for Entrepreneur’s Franchise 500® ranking. Thanks to its exceptional growth, NextHome was ranked No. 30.

“By maintaining steady, sustained growth over several years, these franchises have demonstrated that they have the systems in place to support their franchisees and help them become successful,” said Jason Feifer, Entrepreneur’s editor-in-chief. “Now as these and other companies around the country face unprecedented challenges, they may see their growth slow, but that record of success could prove more important than ever.”

The ranking follows a year of milestones for the six-year-old franchise. Although 2020 has been a year of uncertainty, NextHome’s growth has persevered as they reached 500 offices with 4,000 members across the country. 

“Our growth stems from our people. Better put, the right people,” said Charis Moreno, Vice President of Sales at NextHome, Inc. “The most empowering word in our language is the word ‘no’ and I use this word often when I discuss franchising opportunities with prospective brokers and agents. While metrics are important in some conversations, I don’t find them important when it comes to the overall success of NextHome. At the end of the day, you can have the best marketing, technology, and integrated systems and tools, but if you don’t have the right people the rest doesn’t even matter.”

To determine the 2020 Top Growth Franchises ranking, Entrepreneur looked at each company’s U.S. and Canadian franchise numbers over a three-year period (from July 2016 to July 2019; given the rapid changes, COVID-19 impacts weren’t taken into account). In order to qualify, companies had to have positive growth of at least five units each year. They were ranked based on a formula that considers their total positive U.S. and Canadian franchise growth over the three years as well as factors that negatively affect growth, such as terminations, nonrenewals, and other closures. 

To view NextHome in the full ranking, visit entrepreneur.com/franchises/topgrowth. Results can also be seen in the September 2020 issue of Entrepreneur.

Are you NEXT?

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

A Year of Milestones for NextHome

A Year of Milestones for NextHome

Pleasanton, CA — August 28, 2020 — Registering success in any industry is commonly marked by milestones. These measurements are commonly made up of growth in numbers, awards, press, rankings, and so on. For being a mere six-year-old franchise, NextHome has made its mark in the real estate industry and beyond. 

Although 2020 has been a difficult year for all, to say the least, the NextHome network of real estate professionals across the country has created an even stronger bond – and it’s been recognized. 

Through the bad, we want to make sure we share the good. NextHome has hit and surpassed many milestones this year and we couldn’t be more proud to share them, but they are all a direct result of the members who have helped build the brand we are so proud of today. 

Let’s break it down!

To start, as of this month NextHome has opened over 500 franchised offices, with a total of 4,000+ members. While growth is good, we pride ourselves on growing with the right people. Each oncoming NextHome office has been meticulously reviewed to ensure that they will be a good fit for the culture of the franchise. 

Ensuring every NextHome office will cultivate our shared core values has allowed us to build a solid foundation that speaks for itself. This year Franchise Business Review named NextHome the No. 3 top franchise in owner satisfaction out of 307 of the country’s top franchise brands across all sectors. In the real estate category, NextHome ranked No. 1 in the U.S.

Along with being named one of the country’s top franchised brands, Franchise Business Review also recognized NextHome on the Top 100 Culture List and named our organization a Top Franchise for Women. 

“It was always important for me when I was asked to lead the growth of the NextHome brand that we brought on the right people that share our vision, provide value, make a difference, and raise the bar in our industry,” said Charis Moreno, Vice President of Sales at NextHome. “Seeing that we made the list in a category I represent makes what we are doing that much more important and inspiring to me. Helping every class and gender become a business owner in our country is part of the American Dream, and to see we are leading in that dream makes our success that much more meaningful.” 

Inc. magazine revealed its annual Inc. 5000 list this month, the most prestigious ranking of the nation’s fastest-growing private companies. We’re thrilled to share that NextHome ranked No. 3344 on the list, with a growth rate of 112.97%. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.

Another impressive list, Entrepreneur magazine ranked NextHome No. 95 among the world’s very best franchise systems on its annual Franchise 500® list earlier this year. The recognition was given for NextHome’s outstanding performance in areas including unit growth, financial strength and stability, and brand power.

Of course, NextHome wouldn’t be where it is today without impeccable leadership. Chief Executive Officer James Dwiggins and Chief Operating Officer Tei Baishiki of NextHome were recognized by T3 Sixty this year as prominent leaders in the residential real estate industry for 2020, making the SP200 list of most powerful leaders and the Watchlist.

James was also selected as a RISMedia 2020 Real Estate Newsmaker—a dynamic group of key influencers making headlines as a result of their newsworthy contributions to the real estate industry, and their efforts to positively affect the consumers and communities they serve. James was recognized in the Trailblazer category, a fitting title as NextHome continues to grow exponentially. 

While a successful franchise can be attributed to being in the hands of great leadership, it’s core strength is its members. This year we were proud to see the recognition of four NextHome offices on The REAL Trends 500 list for closing over 500 sides in 2019. Congratulations again to NextHome Experience in Worthington, OH with 1,023 closed sides, NextHome Experience in Bangor, ME with 712 closed sides, NextHome Realty Center in Cypress, TX with 694 closed sides, and NextHome Specialists in Columbia, SC with 567 closed sides. 

The REAL Trends + Tom Ferry’s The Thousand list also recognized the orange and gray with NextHomie Kimberly Taylor of NextHome First Class in Freeport, IL being ranked No. 12 on the 2020 Agent-Owned Brokerage Individual Transaction Sides list with 283 sides. The notable list highlights the top one-tenth of one percent of more than 1.4 million licensed REALTORS® nationwide.

Alongside these amazing recognitions was an ongoing pandemic that halted most plans, and created an immediate need for member support. While we couldn’t be more proud of NextHome’s accomplishments, we’re most proud of how our franchise has shifted while continuing to put our people first – by putting humans over houses. 

“In a matter of weeks, our team canceled our 2020 NextHome Conference set to take place in April as the world closed. However, we quickly adjusted and launched a webinar series over a six-week period featuring some of the industry’ss (and the world’s) top speakers, motivators, and educators for our NextHomies,” said James. “Although a pandemic was something we couldn’t have predicted – change is inevitable and we will always ensure our members are our top-priority through thick and thin. We’re family.”

That family-centric approach is how we conduct business, and will continue to be our core value at NextHome no matter how big we grow, or how many recognitions we receive. 

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

The factors that determine whether social ad campaigns sink or swim

The factors that determine whether social ad campaigns sink or swim

Boost by HomeSpotter is a NextHome partner and has run over 500,000 social ad campaigns on behalf of real estate agents.

We recently took a look at the past 2 years of ad performance data to determine why some ads outperformed others and which factors make the biggest impact.

Read on for the key insights so you can create smarter campaigns that deliver the results that you’re looking for.

Timing

In most markets, the recent months have been characterized by tight inventory. For listing-based ads, this means that speed is key to capturing demand from anxious buyers. The excitement around a Just Listed status has a shelf life and by executing on time, you can add value to your personal brand while capturing interest from the buyers most likely to take action.

Ads that are promoted as soon as they hit the market have a click through rate 8.2% higher than those that sat for 2 weeks or more before being promoted. In general, the faster, the better.

Draw attention to the timeliness of your listing by using an image overlay or ad text that announces the listing as each of those tactics boosts click through rate.

Promoting listings as soon as they go live results in higher click through rates

Capturing Interest

If you are looking to collect early stage buyers in order to include them in drip campaigns, using a compelling call to action (CTA) in your ad and a landing page with lead capture mechanisms are key. Consumers will hesitate to respond to a request for information unless there is a clear, valuable offer.

Earning a click

Before consumers can respond to your ad in a trackable way, you’ll need to gain their attention and convince them to pause their scrolling and click. Success goes way up when you have a tangible offer in your ad copy. That means spelling out what home buyers and sellers can expect when they hit your landing page, including things like a local market report, an automated home valuation or an invitation to answer questions over coffee.

Agents that customize the ad text to feature their unique selling points get 2.4x the click through rate of ads that use generic copy.

Specific ads with a clear call to action get a higher click through rate

For listing-based ads, you’ve already got an attention-grabbing element in the listing itself. Include enough information in the ad itself to create a hook and explain what additional information is available if they proceed by clicking through to your landing page.

Reserving key info like the new listing price for the landing page encourages click through.

Focused landing pages with lead capture

Once a user follows your ad, they shouldn’t have to hunt for the information the ad promised. With the rare exception, that means having a landing page dedicated to your ad campaign. Reusing your homepage just isn’t focused enough and leads to user confusion and drop off.

Make sure you also have a way to collect user information so you can follow up as appropriate. That can mean creating a form on your site, where users are required to share information before they can proceed. Or utilize tools from Facebook, Instagram and LinkedIn where users can share their profile data with one click before proceeding to your landing page. Wordstream recently concluded that forms that offer auto-complete from social accounts had a completion rate 20% higher than traditional forms.

Allowing users to unlock features with their social profile info reduces friction and increases conversion rate

Either way, you’ll want to thank users that complete your form, offer a way for them to contact you for additional information, and add them to your remarketing lists so they’re included in additional prospecting ad campaigns.

Targeting

Optimizing the details of your ad won’t help much if you’re not reaching the right people. Targeting is the single most important factor in campaign success. With Facebook cutting back on the targeting options available for real estate themed ads, it’s more important than ever to leverage your own data in your campaigns.

That means uploading your own lists like your sphere of influence and including your seller’s contact info in your targeting. You should also install a tracking pixel on your landing pages so you can create retargeting campaigns. In our data, campaigns utilizing retargeting audiences had a click rate 12.6% higher than those that only targeted new prospects on social sites.

About Boost by HomeSpotter

Boost helps NextHome agents create effective digital ad campaigns through optimized ad templates and custom targeting settings per property. New campaigns take less than 5 minutes to create through the streamlined setup process via the agent dashboard.

For more helpful tips from our partners at HomeSpotter, check out their blog!

NextHome makes Inc. 5000 List, Again

NextHome makes Inc. 5000 List, Again

Pleasanton, CA — August 14, 2020 — Inc. magazine revealed its annual Inc. 5000 list this week, and NextHome is among the nation’s fastest-growing private companies for the second year in a row. The six-year-old company ranked No. 3344 on the list with an impressive growth rate of 112.97%. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.

Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500% and a median rate of 165%. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.  

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” said Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

The Inc. 5000 placement follows a year of achievements for NextHome, who just announced the opening of their 500th franchised office. The company was named the No. 3 top franchise in owner satisfaction by Franchise Business Review, and No. 1 in the real estate category. Entrepreneur magazine ranked NextHome No. 95 among the world’s very best franchise systems on its annual Franchise 500®. NextHome’s leadership team has also been recognized on the SP200 list by T3 Sixty, and RISMedia’s Real Estate Newsmakers list. 

“These amazing achievements would not be possible without our amazing members who make up our NextHome family,” said James Dwiggins, NextHome’s Chief Executive Officer. “Even in a year of such uncertainty, we’re continuing to grow, and it’s a direct result of the unique culture we’ve built in a conventional industry. Thank you NextHomies!”

From day one, NextHome has made it their mission to enrich lives by helping people find their next home. Are you NEXT?

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

Top Ten Ways For A Real Estate Agent To Avoid Being Sued

Top Ten Ways For A Real Estate Agent To Avoid Being Sued

1. Failing to Disclose

A majority of lawsuits arise out of agents knowing about a material fact that affects the value or desirability of the property and failing to disclose that fact to the buyer. For example, agents knowing about, but failing to disclose, improvements without permits, construction defects, roof leaks, and water leaks, cracking, noise or nuisances.

2. Failing to Recommend Inspections

Buyers’ agents frequently fail to recommend appropriate inspections, such as pool, chimney, general home inspection, roof, septic, structural or soils.

3. Failing to Identify Potential Issues

Agents occasionally fail to identify red flags, which could indicate more serious issues, such as cracking in walls, which may be signs of a structural or drainage defect.

4. Failing to Properly Advise on the Terms of a Contract

When an agent prepares or reviews a contract, the agent does not identify issues, explain the terms or discuss problematic clauses.

5. Exaggerating Features of the Property

Agents sometimes exaggerate or over- emphasize features of a house with statements that border on untruths. Buyers will move into the house and learn that the house was not what they believed it to be.

6. Failing to Explain the Significance of a Disclosure Issue to Buyers

A buyer learns of a defect during the inspection period, but fails to understand its significance. They generally blame the agent for not explaining it or recommending further investigation.

7. Making Promises You Cannot or Do Not Keep

Agents sometimes promise their clients or another party that they will do something and then fail to do it. Keep your promises, do what you say you are going to do, then keep the client informed.

8. Failing to Explain the Significance of a Disclosure Issue to Sellers

A seller fails to disclose a material fact and when a claim is made by the buyer, the seller claims that the agents did not properly advise the seller to disclose the issue.

9. Failing to Comply with the Time Frames in the Contract

Generally, real property purchase agreements contain time frames in which the parties are to perform certain obligations. If the time frames are not followed, a party may cancel or terminate the agreement. If this occurs, the agents may be held liable.

10. Representing Clients in Unfamiliar Geographical Areas

Agents frequently represent clients in unfamiliar geographical areas. Many times, the area has particular characteristics or requirements of which the agent is unaware.  When the issue is not identified and the buyer learns of it later, the buyer generally blames the agent.

 

For more helpful information from our partners at Landy Insurance, check out their website.

 

*Reprinted with the permission of Shannon B. Jones, Attorney and Real Estate Litigation Expert.

 

Founded in 1949, the Herbert H. Landy Insurance Agency has been providing Profes­sional Liability Insurance for more than 70 Years. We look forward to providing you with this valuable insurance protection.

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