The 2020 RISMedia Power Broker List has been published and there is some exciting news to share!
First, collectively, the Power Broker Top 1,000 garnered $1,491,869,249,084 in sales volume and 3,985,613 transactions in 2019. Our industry did a LOT to generate profits for homeowners and create joy for nearly 4 million families by getting them into their dream homes. These families were served by more than 542,300 agents in more than 9,250 offices in the U.S.
Second, we love to see so many of our colleagues and WAV Group clients on the list – we’re proud to support many of the top 20 brokerages and ALL of the top 5 brokerages in Transaction Volume. We’re honored to work with so many of the best and brightest our industry has to offer. I trust that COVID-19 is going to make all of us stronger and even more adept at Virtual Selling!
It is so great to take a pause out of our busy days to celebrate the great accomplishments of all 1000 of the amazing brokers across the country who work so hard to do the right thing for hard-working Americans to help them live the American Dream! Way to go everyone!
I often get questions about how the Top 1000 Brokers are calculated so I thought I would share this: “The RISMedia 32nd Annual Power Broker Report & Survey is based on an online survey of residential real estate brokerages in the U.S., conducted by RISMedia in early 2020. The survey ranks brokerages by closed sales volume and transaction sides in 2019. Brokerages must have had an individual, shareholder or entity with a minimum 50.1 percent ownership interest, inclusive of subsidiaries, complete the survey, and have had their submissions verified by the associated broker and accountant, CFO or other party who can validate the accuracy of the data submitted”.
RISMedia Announces Power Broker Top 1,000
| Source: RISMedia
NORWALK, Conn., April 14, 2020 (GLOBE NEWSWIRE) — RISMedia, publisher of Real Estate magazine, announced the 32nd Annual Power Broker Report & Survey, the longest-running ranking of the Top 1,000 U.S. residential real estate brokerage firms by sales volume and transactions, available now on RISMedia.com. In addition to the ranking, the Annual Power Broker Report & Survey contains exclusive insights and research, also available on RISMedia.com.
Collectively, the Power Broker Top 1,000 garnered $1,491,869,249,084 in sales volume and 3,985,613 transactions in 2019, and encompassed more than 542,300 agents in more than 9,250 offices in the U.S. Among the Top 1,000, the average home-sale transaction in 2019 was $375,209.
The Top 20 Power Brokers by 2019 Sales Volume
1. Realogy Brokerage Group (Formerly NRT LLC)
2. HomeServices of America, Inc.
4. eXp World Holdings, Inc.
5. Douglas Elliman
6. Howard Hanna Real Estate Services
8. William Raveis Real Estate
10. Keller Williams Realty, GO Management Offices
11. John L. Scott Real Estate
12. LIV/Sierra/Summit Sotheby’s International Realty
13. RE/MAX Gold | One
14. RE/MAX Alliance | Equity Group
15. Coldwell Banker Bain
16. RE/MAX Results
17. Pacific Sotheby’s International Realty
18. First Team Real Estate
19. Keller Williams Realty Pinnacle Partners Group
20. Crye-Leike REALTORS®
The Top 20 Power Brokers by 2019 Transactions
1. HomeServices of America, Inc.
2. Realogy Brokerage Group (Formerly NRT LLC)
3. eXp World Holdings, Inc.
5. Howard Hanna Real Estate Services
7. Keller Williams Realty, GO Management Offices
8. West USA Realty
9. Crye-Leike REALTORS®
10. Douglas Elliman
11. William Raveis Real Estate
12. Real Estate One, Inc.
13. Keller Williams Realty Pinnacle Partners Group
15. RE/MAX Results
16. CENTURY 21 Affiliated
17. Coldwell Banker Sea Coast Advantage
18. Coldwell Banker The Real Estate Group
19. Fathom Realty
20. John L. Scott Real Estate
“Congratulations to all the leaders and their respective management teams and sales associates, who have contributed to the collective success represented in the 32nd Annual Power Broker Report,” said John Featherston, founder, CEO and publisher of RISMedia. “While the Power Broker Report provides a look into the achievements of our industry’s largest firms, every one of these firms, and especially their sales associates, are facing tremendous adversity due to the impact of the coronavirus on all of our communities. Our industry is extremely fortunate to have so many industrious, effective and dedicated businessmen and women, and it is our honor to celebrate this year’s leaders in both transactions and closed dollar volume. We all hope and pray we recover from this crisis soon.”
The 32nd Annual Power Broker Report & Survey is sponsored by American Home Shield, Homes.com, HSA Home Warranty, Leading Real Estate Companies of the World® and Pillar To Post Home Inspectors.
About RISMedia’s 32nd Annual Power Broker Report & Survey
RISMedia’s 32nd Annual Power Broker Report & Survey is based on an online survey of residential real estate brokerages in the U.S., conducted by RISMedia in early 2020. The survey ranks brokerages by closed sales volume and transaction sides in 2019. Brokerages must have had an individual, shareholder or entity with a minimum 50.1 percent ownership interest, inclusive of subsidiaries, complete the survey, and have had their submissions verified by the associated broker and accountant, CFO or other party who can validate the accuracy of the data submitted.
RISMedia was founded in 1980 by CEO and Publisher John E. Featherston as the residential real estate industry’s definitive source for news and information for real estate’s most profitable and productive professionals. For over 40 years, RISMedia has provided the industry with news, trends, and strategies through Real Estate magazine and RISMedia.com, its award-winning Housecall blog, and its renowned networking and educational events, including RISMedia’s Real Estate CEO Exchange; the Newsmakers Awards, Reception & Dinner; and the Power Broker Forum, Reception & Dinner.
Can you explain, simply, to me how the industry “generated” profits for homeowners? I don’t “get it.”
Thanks for your comment Ron! What I mean is that REALTORS(R) help homeowners sell their home for the price they are looking presumably at a profit over what they paid for it.
Where does the “profit” come from? If real estate agents/brokers are to be believed (based on their online and print ad claims — we “should believe them, right?) roughly half are negotiating for buyers to “reduce” owner profit, while roughly the other half are negotiating on behalf of sellers to increase the sellers’ profit. Wouldn’t the two, sort of, cancel each other out? Still confused about the method/device for “generating” profit. Any profit sellers enjoy comes out of money the buyer agrees to pay for the home. So is the idea that the “industry” generates profit for sellers a bit mis-directed? These are serious questions. I am really trying to understand the basis for the claim that the “industry” generates profits. What am I missing. Thanks in advance for any enlightenment/clarity you can share.