Fathom Holdings Inc. announced financial results for the 2022 third quarter and nine months that ended September 30, 2022. The Company also shared an enhanced agent referral incentive program. It’s never been a better time to join Fathom Realty!

Total revenue grew 10.2% for the third quarter of 2022 to $111.3 million, up from $100.9 million for last year’s third quarter. Against the backdrop of a challenging industry environment, Fathom completed 12,077 real estate transactions for the 2022 third quarter, an increase of approximately 5% from the same quarter last year. Fathom’s real estate agent network grew approximately 33% to 9,991 agents on September 30, 2022, up from 7,536 one year ago.

“Fathom’s revenue grew by more than 10 percent and our agent network grew 33 percent to nearly 10,000 agents, even amidst the backdrop of a challenging residential real estate market,” said Fathom CEO Joshua Harley. “Our commission structure puts more money in agents’ pockets by charging a small fraction of what traditional brokerages charge, making it a highly attractive value proposition. In fact, our enhanced agent referral program, which we began beta testing on September 1 of this year, resulted in the best referral month in our Company’s history.”

Effective immediately, Fathom is rolling out an enhanced agent referral program which includes three levels: 

Level 1 – Stock Grants: When a Fathom agent refers another agent who joins the Company, the referring agent will receive $250 in stock grants for each agent they refer. The former referral program offered between $500 and $2000 in stock grants for agents referred. 

Level 2 – CAP4Life: An agent who refers four other agents who join Fathom, who then close a minimum of two sales per year, will be capped for life. Those who qualify will pay the reduced transaction fee of $150 per sale in perpetuity. The referring agent also will receive the Level 1 $250 in stock grants for each agent they refer. 

Level 3 – FREE4Life: An agent who refers an additional four agents (eight agents in total), who join Fathom, who then close a minimum of two sales per year each, will be free for life. Those who qualify will never pay an annual fee or a transaction fee of any kind. The referring agent also will receive the Level 1 $250 in stock grants for each agent they refer.

“We believe this new agent referral program is the most attractive incentive in the industry, as it is based solely on an individual agent’s efforts. The initial feedback from our Fathom agents has been validating, and their excitement is clear based on the exceptional agent referral numbers we experienced in September when we launched the CAP4Life portion of the program in beta,” explained Harley.

Learn more about this not-to-be-missed opportunity to join Fathom Realty HERE.