JMG founder Jason Mitchell stated that the iRealty management of Kristen Kennon and Jon Kennon will stay of their roles. JMG will function company assist along with giving iRealty entry to its referral associate channels.
The deal is one among six acquisitions or mergers JMG has executed previously three months.
“[JMG doesn’t] have a presence in Arkansas, so to have the ability to have protection with good, high quality brokers is a pleasant win for each events,” Mitchell stated. “We convey this group on that has brokers that qualify to obtain our referrals and broaden our referral community from our partnerships, and it supplies extra worth to the iRealty brokerage model.”
The deal comes two weeks after the Shopper Monetary Safety Bureau (CFPB) dropped a lawsuit in opposition to JMG, Rocket Houses and different defendants that alleged the events have been participating in a “kickback” scheme. The events denied the allegations.
“I wished this to be over with a very long time in the past, and once I had a chance to settle, which might have been the simple route, it was a bizarre state of affairs to say no, ‘I’m going to combat this and do the precise factor,’” Mitchell informed HousingWire after the dismissal.