First a caveat. Just because a brokerage is among the top Real Trends rankings doesn’t mean the company did well financially.
Take, for example, Compass, which held the top spot again with $228 billion in sales volume through 200,000 transactions. While those are huge numbers, they didn’t mean Compass generated a profit. The brokerage lost $600 million last year.
Not that everyone on the list lost money. Coming in at No. 2, Anywhere Real Estate — parent to brands that include Sotheby’s, Corcoran and Coldwell Banker — had $218 billion in sales, and eked out a $32 million profit.
The Real Deal’s Hiten Samtani discusses the top five brokerages and teases out what their numbers mean.
Watch the episode above, and stay tuned for more breakdowns of the most important news and trends in residential brokerage.