CARY,
N.C., Aug. 7, 2024 /PRNewswire/ -- Fathom
Holdings Inc. (Nasdaq: FTHM) ("Fathom" or the "Company"),
a national, technology-driven, end-to-end real estate services
platform integrating residential brokerage, mortgage, title, and
SaaS offerings for brokerages and agents, has unveiled two new
agent commission plans: Fathom Max and Fathom Share. These two new
plans, along with the current One plan feature Fathom Realty's
innovative and reimagined revenue share program, designed to
enhance agent recruitment and retention while promoting accelerated
and sustainable growth and long-term profitability for the
company.
The Fathom Max plan offers a highly competitive reduced
transaction fee of $465 with a
$9,000 annual cap, while improving
Fathom's gross profit potential compared to the legacy Fathom One
plan, which is being phased out to new agents. Existing agents will
be able to stay on their current plan. The Fathom Share plan
features an industry-low 12% commission split with a $12,000 annual cap, providing twice the revenue
share opportunity over the Max plan, and highly completive with
other revenue share models.
"Josh Harley founded Fathom with
a mission of transforming the industry through radical innovation,
fostering a culture of care, and offering agents the highest income
potential," said Fathom Holdings CEO Marco Fregenal. "By
offering agents flexibility and lucrative growth opportunities, we
aim to attract top talent and drive sustained growth. These new
plans reaffirm our commitment to providing superior value to our
agents and offering our agents a choice of plans while fostering
organizational profitability."
For more information about Fathom Realty and its new Max and
Share plans, visit FathomCareers.com.
About Fathom Holdings Inc.
Fathom Holdings Inc. is a
national, technology-driven, real estate services platform
integrating residential brokerage, mortgage, title, and SaaS
offerings to brokerages and agents by leveraging its proprietary
cloud-based software, intelliAgent. The Company's brands include
Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real
Results, and Verus Title. For more information, visit
www.FathomInc.com.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains "forward-looking
statements," including, but not limited to, the potential increase
of gross profits for Fathom under the new agent commission plans.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including: risks
related to acquisitions and the integration of acquisition; risks
related to general economic conditions, including interest rates;
risks in effectively managing rapid growth in our business;
reliance on key personnel; competitive risks; and the other risk
factors set forth from time to time in our SEC filings, copies of
which are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Investor Contact:
Matt Glover
Gateway Group, Inc.
949-574-3860
FTHM@gateway-grp.com
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SOURCE Fathom Holdings Inc.