NAR’s Profile of Real Estate Firms

By MNR News posted 10-11-2021 08:00

  

blurred photo of an officeKey takeaways:

Characteristics of Real Estate Firms:

  • 80% of real estate firms had a single office, typically with 3 full-time real estate licensees
  • 86% of firms were independent non-franchised firms
  • The typical residential firm had been operating for 16 years; the typical commercial firm had been operating for 30 years.

Business Activity of Firms

  • Firms with one office typically had 19 transaction sides, while firms with four+ offices had 571 transaction sides
  • 30% of sales volume is from past clients, 30% is from referrals, 10% is from the firm’s website, and 10% from social media

 
Read the full report here.

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