US's Largest Real Estate Corporations of 2025
The Corporations section of the Real Estate Almanac analyzes the residential real estate brokerage industry’s largest entities. It ranks the 20 largest real estate enterprises (Enterprise 20), franchise brands (Franchise 20) and franchisees (Franchisee 20) by full-year 2024 US sales volume and transaction sides, and by year-end 2024 agent count. It also presents key data and information about the industry’s public companies with significant brokerage industry operations. This release also includes a preview of the 2025 Mega 1000, presenting a ranking of industry’s 10 largest brokerages by 2024 US sales volume (Mega 1000 preview).
By presenting essential information about these important industry participants, T3 Sixty aims to provide key data and insight about real estate’s largest and most significant companies. Read below for more details about each section.
Enterprise 20
The Enterprise 20 accounts for the full scope of the US’s largest real estate companies. It ranks the US’s largest real estate enterprises, also known as holding companies, by the prior year’s full-year sales volume and transaction sides and by year-end agent count. The ranking considers the production of both a company’s owned and franchised offices. Some companies only have owned operations, some only have franchised operations and some have both.
In 2025, Anywhere Real Estate remained the clear No. 1 real estate enterprise, thanks to its large national brokerage, Anywhere Advisors, and its group of large, recognized franchise brands, including Coldwell Banker, Sotheby’s International Real Estate, Century 21 Real Estate and others. Compass and HomeServices of America moved from No. 5 to No. 4 and from No. 4 to No. 3, respectively.
Franchise 20
The Franchise 20 ranks the industry’s largest franchise brands by full-year 2024 US sales volume and transaction sides and by year-end agent count.
T3 Sixty uses the term “franchise brand” to refer to specific real estate brands and “franchisor” to refer to franchise groups that operate multiple real estate brands; for example, Anywhere Brands is a franchisor that runs the franchise brands Coldwell Banker Real Estate, Sotheby’s International Realty, Better Homes and Gardens Real Estate, ERA Real Estate and Corcoran Group. Some franchisors only operate one franchise brand such as Keller Williams Realty and Re/Max.
A real estate franchise brand is the distinct brand that real estate brokerages can affiliate with; instead of providing brokerage services directly, franchise brands license their systems and brand to brokerages. A franchisor is the legal entity that owns one or more franchise brands. The franchise brands table ranks individual brands by the production of brokerages affiliated with that brand and use it as part of their brand. For example, all of Anywhere Real Estate’s brands are considered separately.
In 2025, the franchise brand ranking has a notable new presence with the addition of Christie’s International Real Estate, the brand Compass acquired as part of its purchase of the large At World Properties holding company in early 2025. Christie’s transitioned from a luxury real estate network to a formal franchise brand in 2021 and has achieved staggering growth since then. It debuts on the Franchise 20 at No. 7.
Christie’s luxury real estate analog, Sotheby’s International Realty, owned and operated by Anywhere Real Estate, saw the largest year-over-year sales volume growth among the US’s largest franchise brands. Keller Williams Realty maintained its position at No. 1.
Franchisee 20
The Franchisee 20 ranks the industry’s largest franchisees by the full-year 2024 US sales volume and transaction sides and by year-end agent count. Franchisees are brokerages that affiliate with one of the industry’s real estate franchise brands. They own and operate their own companies but leverage the systems, processes and other support provided by the brands with which they affiliate.
In 2025, Re/Max Gold Nation, a steadily growing conglomeration of Re/Max affiliates, remains the US’s largest franchisee with over $13.1 billion in 2024 sales volume. Majestic Realty Collective, a collection of Sotheby’s International Realty firms, maintained its ranking at No. 2, while achieving 11.1% year-over-year sales volume growth. Two Keller Williams Realty franchisees — Keller Williams Go Network Offices and Keller Williams Pinnacle Partners Group at No. 3 and No. 4, respectively — also saw double-digit year-over-sales volume growth.
Public Companies
Publicly traded companies have steadily increased their presence among the nation’s largest real estate companies. All but one of the nation’s seven largest enterprises by 2024 sales volume trades publicly. The outlier — Keller Williams Realty — in March 2025, was acquired by private equity firm Stone Point Capital. Large mortgage company Rocket Companies also announced an agreement to acquire Redfin further indicating just how prevalent Wall Street is in the industry now.
2025 Mega 1000 Top 10
In a preview of the 2025 Mega 1000, T3 Sixty presents the 10 largest brokerages by 2024 US sales volume. Compass deepened its No. 1 position this year with its acquisition of large enterprise At World Properties, which owns the large brokerage @properties Christie’s International Real Estate. It has grown to be nearly 25% larger than No. 2 Anywhere Advisors by sales volume. In 2023 it was just 4.7% larger than Anywhere.
By transaction sides, eXp Realty maintained its lead by US transaction sides with over 350,119, which is about 40% higher than No. 2 Anywhere Advisors.
Corporations Methodology
The Corporations section ranks the US’s 20 largest enterprises, franchise brands and franchisees by sales volume, transaction sides and agent count.
To accurately rank these entities, T3 researches approximately 2,500 real estate brokerages, all real estate franchisors and franchise brands, all real estate enterprises (aka holding companies) and a selection of large real estate networks. The company annually collects and analyzes over 12,000 data points. T3 surveys 1,000s of real estate companies to gather this data. It is then processed, standardized and verified to create the residential real estate industry’s most accurate ranking of its largest companies.
Data Classification
T3 ranks companies (brokerages, franchisors and holding companies) by all three key metrics (sales volume, transaction sides and agent count) although T3 considers sales volume more important as it is the core metric used to calculate agent commission, franchise fees and company revenue. Sales volume is the industry’s best proxy metric for brokerage overall performance. The Real Estate Almanac data can, however, also be viewed from transaction sides and agent count and each provides an interesting vantage point.
Note: T3 received requests from some companies to not publish their data and has decided to honor that request. In those instances, the company either supplied their data for internal use only or T3 applied a detailed methodology to develop an estimate. In these instances, T3 skips over the row and ranking where the company would have placed.
To see those not included, visit this page.