RISMedia's Real Estate Magazine

APR 2018

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

Issue link: http://remag.rismedia.com/i/958872

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Page 54 of 126

RISMedia's 2018 Report MANEUVERING MARKET SHIFTS, READY FOR THE NEXT CHALLENGE Based on the Top 1,000 respondents to RISMedia's 2018 Power Broker Survey POWER BROKER TOTALS FOR 2017 AGENTS 478,881 OFFICES 8,377 TOTAL TRANSACTIONS 3,795,411 TOTAL SALES VOLUME $1,310,347,624,217 BY DEBORAH KEARNS 50 April 2018 RISMedia's REAL ESTATE They've risen to the pinnacle of their profession through hard work, persistence and responding to the ever-evolving landscape in the real estate industry. They deftly handle an array of threats to profitability from new business models to downward pressure on commissions. This year's RISMedia Power Broker honorees know a thing or two about leading top-performing brokerages and motivating an agent force through good times and bad. According to RISMedia's 30 th anniversary edition of the Power Broker Report—sponsored by Homes.com, Leading Real Estate Companies of the World ® , Pillar To Post Home Inspectors, HSA Home Warranty and American Home Shield—business boomed for Power Brokers in 2017, who reported a collective increase of more than $146 billion in sales volume, and just about 140,000 more total transactions this year over last year.* The significant rise in sales volume in 2017 over 2016, yet a slower pace of increased transactions, clearly reflects rising prices in the face of shrinking inventory. In fact, 71 percent of respondents cite lack of inventory as their greatest challenge. What are the trends and issues Power Brokers are watching this year? What drives their success? We reached out to some of the leading Power Brokers to find out how they're moving their firms forward in 2018.

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