Fathom Realty is enhancing its offerings for agents with new commission plans that come in response to a significant 90% agent demand for improved support. This follows prior implementations of Fathom Share and Fathom Max, aimed at recruitment in a challenging housing market. Despite a strong increase in agent counts and year-over-year revenue growth of 24%, Fathom faced a net loss of $6.2 million in the fourth quarter, indicating ongoing financial challenges. The company’s broader strategy reflects a commitment to retain talent and expand in a competitive environment.
To back the new plan, Fregenal cited a survey showing that almost 90% of agents want more from their parent brokerages, but he offered no details on what's to come.
At the end of 2024, the brokerage's agent count had increased by 21% compared to one year earlier, landing at about 14,300.
The company is already tallying its fair share of wins on that front, as the current agent count is also up by 38% compared to 2022.
Despite the growth in revenue and a number of cost-cutting measures, the company still posted a net loss of $6.2 million in the fourth quarter of 2024.
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