Largest Real Estate Brokerage Firms In The Us
The real estate industry in the United States is a massive market that has grown significantly over the years. With the increasing demand for real estate properties, there is a need for real estate brokerage firms to help buyers and sellers navigate the complex industry. These brokerage firms play a vital role in the real estate market, connecting buyers and sellers and helping them close deals.
What Are Real Estate Brokerage Firms?
Real estate brokerage firms are companies that serve as intermediaries between buyers and sellers of real estate properties. They facilitate the buying and selling of properties by providing a range of services, including property valuation, marketing, and negotiations. These firms are licensed by state regulatory bodies to operate in the real estate market.
Top 5 Largest Real Estate Brokerage Firms in the US
The real estate brokerage industry in the US is highly competitive, with several firms competing for market share. Here are the top five largest real estate brokerage firms in the US:
1. Realogy Holdings Corp
Realogy Holdings Corp is the largest real estate brokerage firm in the US, with over 16,000 agents and more than 700 offices across the country. The company operates several brands, including Coldwell Banker, Sotheby's International Realty, and Century 21. Realogy Holdings Corp reported a revenue of $6.1 billion in 2020.
2. HomeServices of America
HomeServices of America is the second-largest real estate brokerage firm in the US, with over 43,000 agents and more than 900 offices across the country. The company operates several brands, including Berkshire Hathaway HomeServices, Edina Realty, and Long & Foster. HomeServices of America reported a revenue of $6.5 billion in 2020.
3. Keller Williams Realty
Keller Williams Realty is the third-largest real estate brokerage firm in the US, with over 200,000 agents and more than 1,000 offices across the country. The company operates in over 40 countries worldwide and reported a revenue of $11.6 billion in 2020.
4. RE/MAX Holdings
RE/MAX Holdings is the fourth-largest real estate brokerage firm in the US, with over 140,000 agents and more than 8,000 offices across the world. The company reported a revenue of $1.5 billion in 2020.
5. Compass
Compass is the fifth-largest real estate brokerage firm in the US, with over 20,000 agents and more than 350 offices across the country. The company reported a revenue of $3.7 billion in 2020.
Conclusion
The real estate brokerage industry in the US is highly competitive, with several firms competing for market share. The top five largest real estate brokerage firms in the US are Realogy Holdings Corp, HomeServices of America, Keller Williams Realty, RE/MAX Holdings, and Compass. These firms play a vital role in the real estate market, connecting buyers and sellers and helping them close deals.