July 8, 2014
/PRNewswire/ -- RE/MAX brokerages outnumbered competitors and RE/MAX agents out-produced them in the RISMedia 26th Annual
Power Broker Report
. Of the 1,000 brokerages who qualified for the extended version of the survey, nearly 30 percent, or 292 brokerages, were RE/MAX affiliates. That is more than any other brand in the report which ranked participating brokerages by total 2013 home sales.
"RE/MAX Associates are known to be productive entrepreneurs who provide a high level of customer service,"
Margaret Kelly, RE/MAX CEO
"As a result, they earn a positive reputation and their business grows through word-of-mouth referrals."
The Power Broker Report also shows that participating RE/MAX agents averaged 18 transaction sides, more than double the eight that competing agents averaged. In sales volume, RE/MAX agents averaged slightly more than
, while the average competitor sold 60 percent less at just under
The average transaction sides per agent for national franchise competitors included: Realty Executives 12.8, ERA 9.5,
/NRT 9.1, Century 21 8.6, Berkshire Hathaway HomeServices 7.5 and Keller Williams 7.4.
In April, RISMedia released a preliminary 500-brokerage
Power Broker Report
yielding similar results. Short list or long, RE/MAX agents measure up in productivity. Additional metrics from the complete 1,000-brokerage version show:
- Forty-five of the top 50 brokerages are RE/MAX when ranked by most transaction sides per agent.
- Comparing 2014 to 2013, RE/MAX agents increased their average sales volume by 17.6 percent and average transaction sides by seven percent.
- RE/MAX accounted for eight percent of the agents in the report, but closed 15.7 percent of the transaction sides.
RE/MAX agent productivity also was highlighted in two additional reports this year. The
REAL Trends 500
data shows RE/MAX agents in the survey averaged 17.8 transaction sides while all other competitors averaged 8.4. RE/MAX agents also averaged
in sales volume, 60% higher than the
average of all other agents in the survey.
Similarly, RE/MAX had the most top home sellers in the
2014 REAL Trends The Thousand
, as advertised in the Wall Street Journal. Among the top 250 agents and top 250 teams ranked by transaction sides, RE/MAX agents held the most places with 112 Associates listed.
Note: Rankings calculated by RE/MAX based on 2014 RISMedia Power Broker Report of the largest 1,000 participating real estate brokerages as ranked by 2013 residential transaction sales.