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.
President of Realty Executives International, Rich Rector, and CEO of flagship brokerage Realty Executives Phoenix, Tucson and Yuma, Jeff Murtaugh, have been named amongst the top leaders in the residential real estate industry. The two industry veterans are ranked in the Swanepoel POWER 200 2015/16 (SP200), an annual report that names the 200 most influential corporate executives, experts and thought leaders in residential real estate across the United States and Canada.
Founder R. Dale Rector opened the first Realty Executives brokerage in 1965 with one office in Scottsdale, Ariz., attracting the most productive real estate professionals across the Phoenix metro area with the launch of the 100% commission concept. Continue reading