NAR Report Finds Four Out of Five Real Estate Firms

Washington, D.C., Sept. 16, 2021 (GLOBE NEWSWIRE) —

Key Highlights

  • In 2020, most real estate firms operated from a single office (80%) and were independent and non-franchised (86%).
  • Firms with only one office had a median brokerage sales volume of $4.5 million and 19 real estate transaction sides.
  • Firms cited maintaining sufficient inventory, housing affordability and competition from nontraditional market participants as the biggest challenges in the next two years.

The overwhelming majority of real estate firms – 80% – operated from a single office and typically with three full-time real estate licensees in 2020, according to a new survey by the National Association of Realtors®. Nearly nine out of 10 firms – 86% – were independent and non-franchised.

As part of National Small Business Week, NAR today released its 2021 Profile of Real Estate Firms, which surveyed Realtor® executives and senior…

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