Top 10 Best Real Estate Companies In the USA In 2023
One of the most competitive sectors of the modern economy is the real estate sector. Companies compete not only for clients and listings but also for the best agents who can help them expand. This indicates that businesses with rapid growth frequently treat their agents well and gain recommendations from satisfied clients.
Discover the characteristics that make some of the top real estate firms the finest. These are the 10 names that you should be aware of.
The 10 best real estate companies in the USA are listed below:
Redfin, which has been around since the early 2000s and aims to operate differently than most traditional brokerages, has transformed how many customers interact with real estate agents. Although the brokerage isn’t present everywhere in the country, it is, as of early 2023, present in more than 100 markets.
Redfin is regarded as a non-traditional brokerage because its agents are paid a salary as opposed to being paid solely on commission. Even though Redfin is getting closer to being a household name, the real estate market’s ups and downs still affect it: Redfin reported third-quarter 2022 revenue of $601 million, an 11% year-over-year rise, and third-quarter 2022 gross profit of $58 million, a 54% year-over-year decline.
The hot air balloon with the brokerage’s logo which has been a recurring element of the company’s marketing for decades may come to mind when you think about Re/Max. Re/Max was established in Denver in 1973 and immediately adopted the franchise model that it still uses today. As a result, you may encounter Re/Max offices with additional names to assist you distinguish them, such as Re/Max Allegiance or Re/Max Prestige.
With over 144,000 agents globally, Re/Max primarily conducts business in the United States and Canada. Re/Max said that their third-quarter sales were $88.9 million, a 2.3% year-over-year decrease.
Coldwell Banker Realty
The oldest real estate company on the list is Coldwell Banker Realty, which was founded in 1906 as a result of a need for more moral real estate representation following the San Francisco earthquake of that same year. Benjamin Banker later joined Colbert Coldwell in the endeavor.
Nearly every area in the US has a Coldwell Banker franchise, and according to the corporation, there are more than 100,000 agents and 2,200 offices affiliated with Coldwell Banker globally, including 40 countries and territories.
Coldwell Banker reported overall sales volume for the Coldwell Banker brand as a whole of more than $6.2 billion in the third quarter of 2022.
Keller Williams Realty
Gary Keller and Joe Williams founded Keller Williams Realty in Austin, Texas, in 1983. Like many other significant brokerages operating today, Keller Williams Realty has developed into an international real estate firm with a focus on technology.
According to research from Keller Williams Realty in November, agents closed sales of $381.4 billion in the first three quarters of 2022. The corporation stated in the same report that it has 17,000 agents abroad in addition to its more than 177,000 agents in the United States and Canada.
With that many agents, it shouldn’t come as a surprise to anyone that they can locate a Keller Williams agent almost anyplace in the United States.
HomeServices of America and Berkshire Hathaway
American businessman and billionaire Warren Buffett comes to mind when most people think of successful real estate enterprises; it stands to reason that the brands that lie under its family of companies top the list. The company behind the bigger Berkshire Hathaway Inc.’s brands Berkshire Hathaway HomeServices and Real Living Real Estate is called HomeServices of America.
However, the businesses that makeup HomeServices of America as a whole are made up of more than just brokers and agents. Escrow, insurance, mortgages, relocation, and title are among the services that make up the overall business.
You may probably locate an agent in almost every area in the United States thanks to the fact that many of the real estate brokerages operating under the HomeServices of America brand are franchises.
Sotheby’s International Realty
Sotheby’s International Realty hopes that the name Sotheby’s would conjure images of the storied fine art and luxury goods auctions that have existed for decades. The London-based Sotheby’s auction house opened its doors in 1711, and more than 200 years later, in 1976, the Sotheby’s International Realty real estate division debuted.
Despite having its headquarters in New York, Sotheby’s International Realty employs more than 25,000 people and has operations in 81 nations. The business claims to generate yearly revenues of more than $204 billion on its website.
The agency specializes in luxury residential real estate, while not all of its listings in the United States and other countries are at the highest price tier available.
Compass, the newest brokerage on this list, was established in 2012 with the goal of using technology to improve work and transactions while providing agents more time to counsel clients.
Compass claims to be the largest independent real estate agency in the United States and has its global headquarters there. According to Compass, it has more than 300 offices in 67 markets across the United States, with a focus on major metro regions but also expanding into more cities and states.
However, increasing pains come with being a young company in the world of big real estate brokers. Compass announced third-quarter 2022 earnings of $1.49 billion in November, a 14% decrease from the same period the previous year.
Since 2009, eXp Realty has been active in the residential real estate market. The company bills itself as “the world’s first cloud-based brokerage,” with a focus on leveraging technology to simplify the homebuying and selling process and lower the costs associated with brick-and-mortar office locations.
According to eXp Realty, which has offices across the United States and in 24 other countries, it currently has more than 86,000 agents working together globally. It has been a member of eXp World Holdings Inc. since 2008 and has recorded total real estate brokerage earnings of $1.2 billion for the third quarter of 2022.
Douglas Elliman, which was first established in New York City in 1911, now has operations across the United States, with affiliates abroad operating under the Knight Frank name in 11 states: California, Colorado, Connecticut, Florida, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas, and Virginia, in addition to the District of Columbia. The agency claims to have more than 6,600 agents in total.
A whopping $51.2 billion in sales and approximately 60,000 sales and rental transactions are reported annually by Douglas Elliman. According to Douglas Elliman’s 2022 Wealth Report, the company specializes in “prime” homes, or the top 5% of real estate in a specific location.
Weichert, a large company with approximately 10,000 workers, was founded in 1969. Their company’s business concept promotes itself as a “one-stop” shop for all matters pertaining to house hunting, obtaining a mortgage, and closing. It places a high priority on educating and advancing its real estate agents so they may deliver their finest work.