Take a look at an early release of the top power brokers of 2022.
RISMedia’s 34th Annual Power Broker Survey Top 10 Rankings
Ranking Company Sales Volume Transactions
- Realogy $246,052,872,000 376,892
- Home Services $198,739,502,598 388,098
- eXp Realty $132,373,314,489 355,627
- Douglas Elliman $51,031,187,364 32,281
- Howard Hanna $36,544,341,879 125,482
- HomeSmart $25,162,914,396 56,679
- @properties $23,931,729,431 46,031
- William Ravels $21,000,445,000 28,944
- RE/MAX Gold $16,807,267,091 28,500
- Brown Harris Stevens $14,930,951,881 8,617
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Rankings Not Complete Story
Despite industry media coverage declaring Compass “the largest brokerage firm in the US,” via its closed sales volume for 2021, the reported sales data from Compass was considered to be “imprecise” for the purposes of this Power Broker Survey.
Compass had stated in its 10-K annual report that the company’s total sales volume was $254.2B for 2021, more than the $246B reported by Realogy. The problem? Compass confirmed with RISMedia that its total sales volume included commercial real estate transactions, a no-no for RIS’s Power Broker Report & Survey. RISMedia’s Power Broker Report & Survey includes residential-only sales volume and transaction data.
Approximately 1% or some 262 Compass agents out of the company’s reported 26,257 agents handled commercial transactions. RISMedia said, “Could (the 262 Compass agents handling commercial transactions) account for its $8B advantage over Realogy? Without the reporting of Compass’ exact residential sales volume, we’re unable to officially say.”
Additionally, Compass reported a -$175M net loss in Q4 2021 and a net loss of -$494M for all of 2021.
Historic Sales Volume Reported in 2021
More than $2.2T in collective 2021 sales volume was reported by the top 1,000 broker respondents to RISMedia’s 34th Annual Power Broker Survey. This +$2.2T in sales volume is an increase of more than $500B in collective sales during 2020. Obviously, both of these figures would have been much higher if Compass’residential sales data had been included.
Another factor holding down overall sales volume in 2021 was the fact that available for-sale inventory was historically depleted. In fact, 79% of the respondents to this latest RISMedia survey said that the #1 market challenge of the year was lack of inventory.
The Future?
Despite the uncertainties in 2022, such as the long-term effects of the war in Ukraine and inflation, respondents to this Power Broker survey indicated they were bullish for the remainder of 2022’s housing market. More emphatically, 39% of the RIS’s top 1,000 brokerages described their specific markets as “Booming.”
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Thanks to RISMedia.
