RISMedia just announced the top 1,000 Power Broker firms in the U.S., and seven Realty Executives brokerages ranked among the best of the best. RISMedia’s Top 500 Power Broker Report based on 2016 sales volume was released earlier this spring in Real Estate magazine. The Top 1,000 Power Broker report ranks firms by both 2016 transactions and sales volume. In addition to the rankings, the report paints a clear picture of how the leading brokerages across the country are both setting and adjusting to trends, while gearing up for a low-inventory environment. Continue reading →
RISMedia’s highly anticipated Power Broker Report was published this quarter, and six Realty Executives franchises made the list. Released annually, RISMedia’s Power Broker Report ranks the country’s top 500 residential real estate firms and brokerages by number of transactions and sales volume. The brokers surveyed reportedly closed 3,453,108 transactions and generated $1,123,494,913,023 in sales volume in 2015.
“This represents a more than $150 billion increase in sales volume over 2014, and nearly 250,000 more transactions—a clear indicator of low inventory driving prices higher,” says Maria Patterson, executive editor at RISMedia.
“The more original a discovery, the more obvious it seems afterwards.” – Arthur Koestler, novelist
Realty Executives honors top performers in attendance at annual event
Dale Rector started out with an innovative concept of 100% commission for agents. But little did he know that when he began a company, he’d really be revolutionizing the real estate industry.
More than 100 attendees from all four corners of the U.S., across Canada and even attendees from Mexico and Turkey came to Scottsdale to celebrate 50 years of innovation at the 2015 Realty Executives International Broker | Owner Conference.
The strides in technology, the Realty Executives brand as well as interactive networking and roundtable discussions were held, but the (surprise) highlight of the event were the Culture of Excellence awards. Realty Executives International started a new tradition at this year’s conference by celebrating top performers in attendance with a variety of awards recognizing growth, retention and excellence in real estate.
2015 Special Recognition: Awarded to Len Huck, the former president of Valley National Bank who gave Dale the first loan to start Realty Executives.
2015 Founder’s Award: Awarded to June Rector for her role in the creation and legacy of Realty Executives.
Agent’s Choice: Award winners represent stability, consistency and retention. Each company represented boasts more than 20 Executives that they have retained year-over-year.
Homes from the Heart Hero: Awarded to Steve and Nancy Summers of Realty Executives of Kansas City for their extended charitable support for Habitat for Humanity within the Kansas City area.
Fastest Growing: Award winners have 10 or more Executives in their brokerage and have grown by at least 15% or more during the last year.
Market Leader: Award winners hold major market share in their communities with more than 100 Executives in their brokerage.
Extraordinary Brokerage: Awarded to Jeff Murtaugh, Jeff Hawke and Joel Moyes of Realty Executives Phoenix for their leadership throughout the transition of Realty Executives Phoenix in the last year.
Seven Realty Executives brokerages from around the U.S. garnered a spot in RISMedia’s 27th Annual Power Broker Report ranking the top 500 firms. The report ranks companies based on two sets of criteria: each brokerage’s total closed transaction sides and total sales volume over 2014.
Realty Executives Phoenix out of Scottsdale, Arizona, was the leader in Realty Executives brokerages, followed by several other offices around the U.S.
The other brokerages who won top honors were: Realty Executives Associates in Knoxville, Tennesee; Realty Executives of Santa Clarita in Santa Clarita, California; Realty Executives of Kansas City in Leawood, Kansas; Realty Executives Integrity in Brookfield, Wisconsin; Realty Executives Nevada in Las Vegas, Nevada; and a newcomer to the list from last year, Realty Executives Tucson Elite in Tucson, Arizona.
RISMedia President & CEO John Featherston called the firms included in the list among “the nation’s most elite” stating in a release that “being ranked in the Power Broker Report validates your firm’s reputation as a trusted resource for today’s homebuyers and sellers.”
The seven Realty Executives brokerages ranked overall comprise thousands of agents who within their offices closed more than $6.1 billion in real estate deals over the course of 26,211 transaction sides in 2014.Continue reading →