A market share breakdown of the top franchise networks and brokerage companies shows dominance.
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For the sale of its title insurance underwriter Title Resources Guaranty Company, Realogy Holdings Corp. will receive $210 million as well as a 30% interest in the joint-venture that will own the underwriter.
The first year eXp qualified for the RealTrends 500 was 2017, when they ranked No. 47 by sides with 9,490 transaction sides (based on 2016 data). This year, they are No. 3 in transaction sides and No. 4 in sales volume, mirroring last year’s rankings.
Phoenix, Tampa and Miami reported the highest year-over-year increases among the 20 cities analyzed in the Case-Shiller Index, with annual increases in January of 32.6%, 30.8% and 28.1%, respectively.
Beverly Hills, California-based The Agency leads the top 50 firms in average sales price by sides with a whopping $2.5 million average sales price in the 2022 RealTrends 500 brokerage rankings.
eXp Realty and Compass lead the top movers by transactions. Different from our top movers by transaction side percentage, this is the actual numeric increase in transaction sides year to year between 2020 and 2021.
Keller Williams and RE/MAX lead the list of the top 50 one-year movers by percentage transaction sides, with Keller Williams — Cunningham Group, based in Santa Monica, California, seeing a 136% increase in sides between 2020 and 2021. Data for the 2022 RealTrends 500 rankings is based on 2021 sales.
Global luxury real estate brokerage The Agency announced the opening of its 32nd franchise and its debut in the Midwest, with a new office located in Birmingham, Michigan.
The new Better Homes and Gardens Real Estate affiliate was founded in 1958 and has been led by co-owners Doug and Jeri Fuller since 2006.
The Corcoran Group announced the launch of its second brokerage affiliate in the state of Georgia. Both affiliates are owned by broker Sarah Ellis.