Innovation and Globalization Define Top Residential Real Estate Brokerages and Portals
February 01 2017 - 8:30AM
InvestorWire
New York, New York (NetworkNewsWire) – The top residential real
estate companies and portals are achieving global reach through the
embrace of cloud-based technology and franchising. In a sign of the
times, these volume businesses are leveraging modern technological
advancements to accomplish more than sales goals and to leave a
legacy of lasting social impact across the globe. The growth of
companies like the Zillow Group, Inc. (NASDAQ: Z), Realogy Holdings
Corp. (NYSE: RLGY), RE/MAX Holdings, Inc. (NYSE: RMAX), Berkshire
Hathaway Inc. (NYSE: BRK.A) / HomeServices and eXp
World Holdings, Inc. (OTCQB:EXPI) corresponds with
this cycle. By implementing novel infrastructure, agent ownership
structures, and aligning the goals of their agencies with those of
their agents and brokers, these companies have developed
comprehensive and uniquely different value propositions for real
estate professionals.
The 2017 Swanepoel Power 200 (SP200) list (http://nnw.fm/R6VqY) recently ranked the 200 most
powerful people in the residential real estate brokerage business,
and, judging by their growth numbers, all of these leaders have hit
a sweet spot in the industry.
Zillow Group (NASDAQ: Z) CEO Spencer Rascoff is
first on the SP200 list with five other management team members
spread throughout the list. Over the course of his seven-year
tenure, Zillow’s market cap has risen to $6.5 billion; its team
members have built and now oversee the world’s most popular real
estate site (http://www.zillow.com); and, following the acquisition
of Bridge Interactive Group, the company is developing a
comprehensive data management platform with a focus on bringing
leads and clients to agents, agent teams and brokerages.
Realogy Holdings (NYSE: RLGY) – the global
leader in residential real estate franchising – holds three spots
on the list, with its chairman, CEO and President Richard Smith
coming in second. For close to 20 years, Smith has led Realogy
along a stable, assertive path. The firm currently manages some of
the United States’ largest brokerages and seven major brands
representing more than 270,000 agents, and it brings in more than
$5.7 billion in revenue on a yearly basis. Recently, the company
has been integrating technology through the acquisition of Zip
Realty to its various operating franchises.
Dave Liniger occupies the fifth spot on the SP200 list and
shares the spotlight with 10 other C-suite executives from
RE/MAX (NYSE: RMAX). After co-founding RE/MAX in
1973, Liniger returned in 2015 as chairman and CEO of the company
and continued to push it to thrive. The publicly owned firm, which
has over 110,000 agents in 95 countries and territories completing
over one million transactions annually, saw its market cap more
than double in 2016 and surpass $1 billion.
The SP200 list also highlights Gino Blefari, who manages
HomeServices of America’s franchise network HSF Affiliates, and six
of his colleagues. HSF Affiliates serves more than 46,000 agents
signed with Berkshire Hathaway HomeServices, Prudential Real Estate
and Real Living real estate brands. The firm has 1,500 affiliate
offices handling 352,000 annual transactions totaling over $105
billion in annual sales.
As with Zillow, Realogy, RE/MAX and Berkshire
Hathaway (NYSE: BRK-A) HomeServices, eXp
Realty– a subsidiary of eXp World
Holdings– is steadily and insistently carving out its
share of the residential real estate industry by implementing a
cloud-based approach using everything from Virtual Worlds for
business to partnerships with some of the strongest technology
players for top performing real estate agents and teams.
eXp Realty founder and CEO of eXp World
Holdings, Glenn Sanford is ranked No. 140 on the SP200
list and has led the company and its up-and-coming subsidiary, eXp
Realty, to become one of the fastest growing real estate brokerages
in the United States with a focus on using the cloud for
collaboration and community, all while removing most of the
expenses related to bricks and mortar offices.
The company, which records $1.8 billion in annual sales, was
founded in October 2009, structured with a revenue sharing program
that rewards agents a percentage of the gross commission income
earned by fellow real estate professionals they have introduced to
the company.
eXp Realty’s practice of sharing revenue and equity with the
company’s agents and brokers propelled it to an expedited rate of
growth and retention. As of year-end 2016, eXp Realty had nearly
tripled its family of agents and brokers from 864 to more than
2,400 across 42 U.S. states, Washington D.C., and parts of
Canada.
Over time, eXp Realty has become the brokerage
of choice for high-performing agents and teams, as well as for
brokerage owners seeking to raise profits, reach scalable growth,
and provide the opportunity of ownership to agents in their
organization-a disruptive shift from the typical relationship
between agent and brokerage.
For more information on eXp World Holdings, Inc.
(EXPI) please visit: eXp World
Holdings
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