- 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…