NextHome opens two Southern California offices with 200 agents

"NextHome, a national real estate franchise and subsidiary of eXp World Holdings, said it is expanding its Southern California footprint with two coastal brokerages: NextHome Coastal Estates in Oxnard and NextHome Central Coast in Pismo Beach. The offices, announced Monday, are the first to open under NextHome's large-office franchise structure and collectively launch with almost 200 agents serving California's Central Coast and Ventura County markets, according to the company release."

"Meggers, who owns both brokerages, has more than 20 years of experience in real estate business development. In 2006, he helped introduce a national real estate franchise into the Los Angeles market and later expanded it across Central California. That operation grew to 14 offices with more than 1,200 agents and held dominant market share in multiple regions, the company said."

"NextHome president James Dwiggins said the launch underscores how the new franchise structure is aimed at experienced operators who want more control over their model and systems. NextHome has built something genuinely differentiated in the franchise space a model that puts the operator first and a culture that agents are proud to be part of, Dwiggins said in the announcement."

"Meggers framed the move as a response to rapid change in the residential brokerage business, where commission lawsuits, shifting agent preferences and tighter margins are pressuring traditional models. Real estate is going through a period of punctuated change, and we have a voice in shaping the future based on who"

NextHome launched two large offices in Southern California under its new large-office franchise structure. NextHome Coastal Estates opened in Oxnard and NextHome Central Coast opened in Pismo Beach. The two brokerages collectively bring nearly 200 agents to serve Ventura County and California’s Central Coast markets. The Oxnard office is led by broker-in-charge Omar Velazquez, and the Pismo Beach office is led by broker-in-charge Jay Peet. Albert Meggers owns both brokerages and has more than 20 years of real estate business development experience, including helping introduce a national franchise into the Los Angeles market. NextHome positions the new structure as offering experienced operators more control over model and systems amid rapid brokerage industry change.

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