CHICAGO, IL – May 10, 2011 – (RealEstateRama) — According to the REAL Trends Top 500 Report recognizing the top real estate companies in the country, Leading Real Estate Companies of the World® once again was named the highest-producing network in terms of total sales for 2010 among this elite top 500 group of companies.
The 97 LeadingRE affiliate firms on the Top 500 list produced 551,832 sales “sides” in 2010 totaling sales volume of $142.4 billion, over 30 percent more transactions than the closest competitor, Coldwell-Banker, with 415,540 units and 60 firms on the list.
LeadingRE produced more than twice as many sales as both Keller Williams (236,318 units) and RE/MAX (218,583 units), although both had more companies on the list, with 119 and 111 companies respectively.
Of the top 25 companies that made the list for 2010, 15 were LeadingRE members, three were Prudential, two were Coldwell-Banker, and one each were Realty Executives, RE/MAX and Keller Williams. The remaining firms were non-affiliated independents.
The power of local branding was further emphasized with #1 market share rankings for the nation’s top 96 markets. In that portion of the study, LeadingRE members ranked first in the market in 40% of the cities, compared to 24% and 11% for the next two networks.
The Top 500 report was released last week at the REAL Trends “Gathering of Eagles” annual conference. This third-party survey is widely recognized as the leading study of its kind.
“We take great pride in these results, given that our total production for this Top 500 group was only down three percent over ’09 despite an enormously challenging market,” commented LeadingRE President/CEO Pam O’Connor. “Many organizations measure size in terms of agent headcount, and while that is one metric, unit sales results are what really matter.
“Today’s owner brokers – regardless of affiliation and size – deserve a tremendous amount of credit for their leadership in these tough times,” she added. “These are the people who have put their careers and personal wealth on the line to keep their doors open to serve their associates and clients during a downturn that has lasted longer than anyone would have ever predicted.”
LeadingRE’s entire network of over 550 affiliates produced collective 2010 sales units of 800,000 and volume of $225 billion.
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