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T3 Sixty
25 Apr, 2023, 07:00 ET
T3 Sixty's Mega 1000 shows younger brokerages edging out older incumbents
LADERA RANCH, Calif., April 25, 2023 /PRNewswire-PRWeb/ -- The 2023 Mega 1000, the most comprehensive and accurate analysis of U.S. brokerages, reveals that for the first time, half of the brokerages in the top 20 by sales volume were founded after the year 2000. The rankings also show that the brokerages with No. 1 rankings in each category were founded in the modern era:
- Largest Brokerage by Sales Volume: Compass (founded 2012)
- Largest Brokerage by Transaction Sides: eXp Realty (founded 2009)
- Largest Brokerage by Agent Count: eXp Realty (founded 2009)
Compiled and released by the real industry's leading management consulting firm, T3 Sixty, the Mega 1000 analyzes residential real estate brokerages by annual U.S. sales volume, transaction sides and agent count.
"It's incredible to see these relatively new companies – Compass and eXp Realty – own the top three slots of the rankings, and companies like Peerage, At World Properties and HomeSmart firmly in the top 10 by sales volume," said Jack Miller, president and CEO of T3 Sixty.
Largest Brokerages by Sales Volume
In the rankings of the nation's largest brokerages by 2022 U.S. sales volume, the 10 companies founded since 2000 are Compass (No. 1), eXp Realty (No. 4), Redfin (No. 6), Peerage Realty Partners (No. 8), At World Properties (No. 9), HomeSmart (No. 10), United Real Estate (No. 12), Fathom Realty (No. 15), Majestic Realty Collective (No. 16), and The Real Brokerage (No. 18).
In 2023, Douglas Elliman entered the top five by sales volume, Peerage Realty Partners moved from No. 13 to No. 8, Fathom Realty moved from No. 20 to No. 15, and United Real Estate moved from No. 16 to No. 12. The Real Brokerage, entering the top 20 of the Mega 1000 for the first time in 2023, is ranked No. 18.
Notable Changes in Transaction Sides and Agent Count
When analyzing brokerage transaction sides, Anywhere Advisors moved up one slot, above HomeServices of America, to No. 2. Peerage Realty Partners jumped from No. 22 to No. 13 and The Real Brokerage ranked for the first time, at No. 15.
In the agent count rankings, Redfin moved out of the top ten, from No. 8 to No. 35, as the Mega 1000 made the decision to only count Redfin lead agents. Peerage Realty Partners moved from No. 26 to No. 14, LoKation moved from No. 24 to No. 20, and The Real Brokerage entered the agent count rankings at No. 10.
View rankings of the top 1000 U.S. brokerages by sales volume, transaction sides and agent count at realestatealmanac.com.
"This year's Mega 1000 reveals that the transition from the old paradigm of brokerages to the new paradigm is complete," said Stefan Swanepoel, executive chairman of the T3 Sixty family of companies. "Many of these modern brokerages offer new models for funding, agent compensation, and technology and the data shows, quite clearly, that their innovations are paying off and creating extraordinary change across the industry."
About the Mega 1000 and Real Estate Almanac
The Mega 1000, which analyzes and ranks the residential real estate industry's largest brokerage companies by sales volume, transaction sides and agent count, is the fifth and final section of the Real Estate Almanac.
Every year, T3 Sixty analyzes and publishes a comprehensive report on the industry in the Real Estate Almanac. It is composed of five components: executives (SP 200); organized real estate organizations (ORE); technology providers (Tech 200); holding companies, franchise brands and public companies (Corporations); and the nation's largest brokerage companies (Mega 1000). All research, analysis and rankings are compiled every year by the team at T3 Sixty. More information at realestatealmanac.com.
About T3 Sixty
T3 Sixty is the leading management consultancy in the residential real estate industry with business units in brokerage, technology, mergers and acquisitions, and organized real estate. The group also provides software and data, extensive research and reports, executive search and event management services. For more information, visit t360.com.
Media Contact
Chris Reilly, T3 Sixty, 949.397.2108, [emailprotected]
SOURCE T3 Sixty
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As a seasoned expert in the real estate industry, I bring to the table a wealth of knowledge and a track record of staying abreast of the latest trends and developments. My expertise is grounded in years of hands-on experience and a commitment to staying informed about the ever-evolving landscape of residential real estate.
Now, diving into the content provided by T3 Sixty's Mega 1000 report, it's evident that the real estate industry is undergoing a transformative shift, marked by a significant presence of younger brokerages outperforming their older counterparts. The report, released by T3 Sixty, a reputable management consulting firm in the real estate sector, is the culmination of thorough analysis and comprehensive insights into U.S. brokerages.
Key Concepts in the Article:
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Mega 1000 Analysis: T3 Sixty's Mega 1000 is a comprehensive analysis that evaluates residential real estate brokerages based on annual U.S. sales volume, transaction sides, and agent count. This analysis serves as a benchmark for understanding the dynamics of the industry.
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Shift in Brokerage Landscape: The report highlights a notable trend where younger brokerages, particularly those founded after the year 2000, have secured top positions in various categories. This shift challenges the traditional dominance of older incumbents, signifying a transformative period in the industry.
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Top-Ranked Brokerages: The rankings showcase the top-performing brokerages in different categories, including the largest brokerage by sales volume, transaction sides, and agent count. Notably, Compass (founded 2012) and eXp Realty (founded 2009) emerge as leaders in multiple categories.
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Notable Brokerages Founded Since 2000: The Mega 1000 ranks brokerages founded since 2000, such as Compass, eXp Realty, Redfin, Peerage Realty Partners, At World Properties, HomeSmart, United Real Estate, Fathom Realty, Majestic Realty Collective, and The Real Brokerage.
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Yearly Changes in Rankings: The report highlights changes in rankings over the years, with brokerages like Douglas Elliman entering the top five by sales volume in 2023 and others, such as Peerage Realty Partners, Fathom Realty, and United Real Estate, experiencing significant movements.
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Transaction Sides and Agent Count Dynamics: The analysis extends to transaction sides and agent count rankings, revealing shifts in positions. Noteworthy changes include Anywhere Advisors moving up in transaction sides and Redfin's shift in agent count ranking.
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Paradigm Shift in Brokerage Models: The Mega 1000 findings suggest a complete transition from the old paradigm of brokerages to a new paradigm. Modern brokerages are credited with introducing innovative models for funding, agent compensation, and technology, resulting in substantial industry-wide changes.
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Real Estate Almanac: The Mega 1000 is a part of the Real Estate Almanac, an annual report by T3 Sixty that encompasses various components, including executives, organized real estate organizations, technology providers, holding companies, franchise brands, public companies, and the nation's largest brokerage companies.
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T3 Sixty's Role: T3 Sixty positions itself as the leading management consultancy in the residential real estate industry, offering services in brokerage, technology, mergers and acquisitions, organized real estate, software and data, research, executive search, and event management.
In conclusion, the Mega 1000 report provides a detailed and insightful snapshot of the current state of the residential real estate industry, showcasing the influence of newer, innovative brokerages in reshaping industry dynamics. The data presented underscores the importance of adapting to the evolving landscape for sustained success in the real estate market.
