Recognizing the industry's top brokerages by sales volume

Coming May 2020

Top Brokerages (Mega 1000)

Residential real estate brokerages are an essential element in the industry: they provide the legal mechanism for home buying and selling, support agents with company structure and training and collaborate with local competitors to ensure the real estate market remains as healthy and fluid as possible.

Brokerages offer administrative, operational, marketing, technology, legal and branding and training services to real estate agents who hang their license with them. Agents typically interact directly with consumers to buy and sell homes. Consumers typically recognize brokerages as a corporate or umbrella brand on shopfronts, for sale signs, websites and legal contracts.

A residential real estate brokerage is a company – usually an incorporated firm, a limited liability firm or a sole proprietorship – licensed to sell real estate in the US. For the Mega 1000’s purposes, a brokerage company’s numbers includes subsidiaries in which the parent firm owns more than 50 percent of the company.

For example, the nation’s second largest brokerage, HomeServices of America, owns and operates approximately two dozen regional or local brands, such as Edina Realty, Long and Foster Real Estate, Intero Real Estate and Ebby Halliday Realtors. The annual sales volumes of those brokerages, and others within the HomeServices of America stable, roll up to HomeServices of America because it owns more than 50 percent of each of those brokerages. NRT has a similar situation; it owns numerous regional Coldwell Banker-branded companies as well as some companies under other brands such as Corcoran Group and Climb Real Estate.

Some brokerages stand alone or operate under a single entity or brand such as Redfin, Compass and eXp Realty.

Brokerages can be affiliated with a franchise, or not affiliated. Brokerages not affiliated with a franchise are often referred to as independents. Examples of large franchisors include RE/MAX, Keller Williams Realty and Coldwell Banker. Eighty percent percent of the brokerages in the Mega 1000 are affiliated with a franchise and twenty percent are independent. This is not indicative of the industry as a whole, but skewed as franchisors generally focus on larger brokerages and also provide various services enabling growth.

Some brokerages, particularly the larger independents hold membership in a real estate network such as The Realty Alliance, Leading Real Estate Companies of the World or Christie’s International Real Estate.

The Brokerage Landscape

Residential real estate brokerages are an essential element in the industry: they provide the legal mechanism for home buying and selling, support agents with company structure and training and collaborate with local competitors to ensure the real estate market remains as healthy and fluid as possible.

Brokerages offer administrative, operational, marketing, technology, legal and branding and training services to real estate agents who hang their license with them. Agents typically interact directly with consumers to buy and sell homes. Consumers typically recognize brokerages as a corporate or umbrella brand on shopfronts, for sale signs, websites and legal contracts.

A residential real estate brokerage is a company – usually an incorporated firm, a limited liability firm or a sole proprietorship – licensed to sell real estate in the US. For the Mega 1000’s purposes, a brokerage company’s numbers includes subsidiaries in which the parent firm owns more than 50 percent of the company.

For example, the nation’s second largest brokerage, HomeServices of America, owns and operates approximately two dozen regional or local brands, such as Edina Realty, Long and Foster Real Estate, Intero Real Estate and Ebby Halliday Realtors. The annual sales volumes of those brokerages, and others within the HomeServices of America stable, roll up to HomeServices of America because it owns more than 50 percent of each of those brokerages. NRT has a similar situation; it owns numerous regional Coldwell Banker-branded companies as well as some companies under other brands such as Corcoran Group and Climb Real Estate.

Some brokerages stand alone or operate under a single entity or brand such as Redfin, Compass and eXp Realty.

Brokerages can be affiliated with a franchise, or not affiliated. Brokerages not affiliated with a franchise are often referred to as independents. Examples of large franchisors include RE/MAX, Keller Williams Realty and Coldwell Banker. Eighty percent percent of the brokerages in the Mega 1000 are affiliated with a franchise and twenty percent are independent. This is not indicative of the industry as a whole, but skewed as franchisors generally focus on larger brokerages and also provide various services enabling growth.

Some brokerages, particularly the larger independents hold membership in a real estate network such as The Realty Alliance, Leading Real Estate Companies of the World or Christie’s International Real Estate.

Evaluating Brokerages

Leaders are evaluated based on the office they hold, the decision-making power associated with the office, the financial resources at their disposal, their organization’s industry significance and geographical reach, public announcements about imminent changes, their tenure and their personal influence in the industry.

Brokerages (Mega 1000)