Fathom Realty is a cloud real estate brokerage that offers high commission splits for agents. It employs real estate agents as independent contractors and offers software and support to these agents. As a cloud brokerage, Fathom Realty does not have any offices. Fathom Realty is owned by one corporate entity and does not operate franchises in the US.
Agents join Fathom Realty and access its suite of services via online portal. Fathom Realty provides traditional real estate brokerage services as well as a number of software offerings and virtual services to its agents. For example, Fathom Realty offers access to marketing tools, CRM systems, and transaction management tools.
Similar to most traditional brokerages, real estate commissions charged to buyers and sellers working with Fathom Realty are negotiated on a case-by-case basis with agents.
Fathom Realty is publicly traded on NASDAQ under the ticker FTHM.
According to most public sources, Fathom Realty has a 100% commission split for agents and charges a $450 per transaction fee on the first 12 sales, and ~$100 for each transaction afterwards. Essentially, an agent will pay up to $5,400 on the first 12 transactions (12 x $450) and then roughly $100 per transaction after. Fathom Realty does have separate fees for commercial transactions and leases.
As of late 2020, Fathom Realty had just over 5,000 agents.
Fathom Realty acquired Verus Title, a title insurance company, in November of 2020. In February of 2021, Fathom Realty acquired Naberly Solutions, an IDX website platform with CRM capabilities. In April of 2021, Fathom acquired E:49 Holdings, a mortgage, title, and insurance holding company, for $26.75 million