Real Estate Agency And Brokerage Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)
By Service Type;
Residential Brokerage, Commercial Brokerage, Industrial Brokerage, Land Brokerage and OthersBy Mode of Service;
Online and OfflineBy End-User;
Individual and CorporateBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Real Estate Agency And Brokerage Market Overview
Real Estate Agency And Brokerage Market (USD Million)
Real Estate Agency And Brokerage Market was valued at USD 1,278,055.59 million in the year 2024. The size of this market is expected to increase to USD 2,218,914.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.
Real Estate Agency And Brokerage Market
*Market size in USD million
CAGR 8.2 %
| Study Period | 2026 - 2032 |
|---|---|
| Base Year | 2025 |
| CAGR (%) | 8.2 % |
| Market Size (2025) | USD 1,278,055.59 Million |
| Market Size (2032) | USD 2,218,914.50 Million |
| Market Concentration | Medium |
| Report Pages | 317 |
Major Players
- CBRE Group
- Precision Realty Brokerage
- Real Dots Properties
- TITAN Property
- Triplemint Real Estate
- Jones Lang LaSalle Inc
- Newmark Grubb Knight Frank
- Keller Williams
- Century 21
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Real Estate Agency And Brokerage Market
Fragmented - Highly competitive market without dominant players
Real Estate Agency and Brokerage Market is witnessing consistent growth as property transactions across residential and commercial spaces continue to rise. Professional brokerage usage has grown by about 37%, driven by the need for expert guidance, transparency, and convenience. Agencies play a critical role by providing advisory, negotiation, and transaction support, simplifying the complex real estate landscape.
Technology and Digital Transformation
The increasing use of digital platforms and proptech tools is reshaping industry practices. Around 41% of agencies now leverage AI-powered valuation systems, online listings, and virtual property tours to improve engagement. This digital transformation enhances efficiency, expands market access, and builds stronger client confidence in decision-making.
Innovation and Service Expansion
Service diversification is emerging as a major trend in the sector. Roughly 44% of agencies now provide extended offerings like mortgage consulting, property management, and legal assistance. These integrated services boost customer satisfaction while positioning agencies as full-service real estate partners.
Consumer Demographics and Preferences
Key demand comes from first-time homebuyers, investors, and corporates. Nearly 46% of younger buyers rely on brokers for professional guidance, particularly in navigating complex paperwork and regulations. The growing emphasis on personalized advice highlights the rising importance of agency expertise in ensuring smooth transactions.
Real Estate Agency And Brokerage Market Key Takeaways
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Real Estate Agency and Brokerage Market is expanding steadily as digital transformation, urbanization, and rising investment in residential and commercial properties reshape the global real estate landscape.
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Online property listing platforms and virtual tours are revolutionizing how buyers, sellers, and agents interact, enhancing transparency and streamlining transaction processes.
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AI, big data, and predictive analytics are empowering brokers with deeper insights into pricing trends, customer preferences, and market opportunities.
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Residential property brokerage dominates market share, supported by rising home ownership, demand for smart homes, and post-pandemic shifts toward suburban and mixed-use developments.
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Commercial real estate services are gaining traction with growing corporate relocations, flexible office models, and increased cross-border property investments.
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Market growth faces challenges from regulatory variations, fluctuating interest rates, and the impact of economic cycles on property valuations and investor confidence.
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Leading firms are focusing on integrated service platforms, digital marketing strategies, and technology-driven customer engagement to strengthen competitiveness and trust in real estate transactions.
Real Estate Agency And Brokerage Market Recent Developments
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In April 2024, Compass Inc. acquired Latter & Blum, a Gulf Coast-regional brokerage firm, enabling Compass to expand into Louisiana and Mississippi and gain access to Latter & Blum’s agent network and referral ecosystem.
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In March 2025, Rocket Companies announced its agreement to acquire Redfin Corporation, a digital real-estate brokerage, in an all-stock deal that aligns brokerage services with Rocket’s financing and mortgage operations to create a more integrated home-ownership platform.
Real Estate Agency And Brokerage Market Segment Analysis
In this report, Real Estate Agency and Brokerage Market has been segmented by Service Type, Mode of Service, End-User, and Geography.
Real Estate Agency and Brokerage Market, Segmentation by Service Type
The real estate agency and brokerage market is segmented by service type into residential brokerage, commercial brokerage, industrial brokerage, land brokerage, and others. Each of these segments serves different customer needs, and their growth is driven by varying market trends, investment activities, and demand for specific types of properties.
Residential Brokerage
Residential brokerage services cater to individuals looking to buy, sell, or lease residential properties. This segment is the largest and most widely recognized in the real estate market, driven by urbanization, population growth, and increased demand for housing. As the real estate market grows globally, residential brokerage services are expected to experience steady demand.
Commercial Brokerage
Commercial brokerage involves the buying, selling, or leasing of commercial properties such as office buildings, retail spaces, and hotels. This segment is closely tied to economic conditions, business growth, and corporate expansion. The demand for commercial real estate brokerage services is driven by the increasing number of businesses seeking to establish or expand their presence in prime commercial areas.
Industrial Brokerage
Industrial brokerage deals with the sale, lease, or purchase of industrial properties like warehouses, manufacturing plants, and distribution centers. The growth of e-commerce and logistics infrastructure has driven significant demand for industrial properties, thus fueling the demand for industrial brokerage services. This segment is expected to see strong growth in the coming years.
Land Brokerage
Land brokerage focuses on the buying, selling, and leasing of undeveloped land for agricultural, commercial, residential, or industrial use. This segment sees growth in areas undergoing development or urban sprawl. As demand for real estate increases and urbanization spreads, land brokerage services are becoming an increasingly important part of the market.
Others
The "Others" category encompasses niche brokerage services, including luxury real estate, vacation homes, and specific regional property markets. As the real estate market diversifies, more specialized services are emerging to meet unique customer needs, particularly in high-net-worth individuals and unique property markets.
Real Estate Agency and Brokerage Market, Segmentation by Mode of Service
The real estate agency and brokerage market is also segmented by the mode of service into online and offline channels. The rise of digital platforms and technological advancements in the real estate industry have led to a significant shift in how real estate transactions are conducted.
Online
Online real estate brokerage platforms have gained significant traction due to the growing preference for convenience, speed, and the ability to browse property listings and conduct transactions remotely. The online market is particularly popular among millennials and tech-savvy buyers. As digitalization continues to shape industries, the online segment is expected to experience substantial growth.
Offline
Offline real estate brokerage remains important, particularly for buyers and sellers who prefer personal interactions and guidance through the buying or selling process. Offline services often include in-person consultations, property showings, and detailed negotiations. Despite the rise of online platforms, offline brokerage services continue to serve a substantial market, especially in regions with less digital penetration.
Real Estate Agency and Brokerage Market, Segmentation by End-User
The market is segmented by end-user into individual and corporate clients. These segments represent the two primary consumer groups in the real estate market, with distinct needs and behaviors that drive demand for brokerage services.
Individual
Individual clients primarily seek residential properties or small commercial spaces for personal or family use. This segment is driven by population growth, urbanization, and an increasing number of people entering the housing market. The demand for real estate services from individuals is expected to grow as homeownership rates and personal investments in property rise.
Corporate
Corporate clients, including businesses and institutional investors, engage in real estate transactions for commercial and industrial purposes. The demand from this segment is driven by business expansion, corporate relocations, and the need for office and retail spaces. Corporate clients often require specialized services for large-scale transactions and investment opportunities, contributing significantly to the market's growth.
Real Estate Agency and Brokerage Market, Segmentation by Geography
The geography segmentation of the real estate agency and brokerage market includes North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Each region has different growth drivers, influenced by economic conditions, urbanization trends, and local real estate dynamics.
Regions and Countries Analyzed in this Report
North America
North America remains a dominant market for real estate agency and brokerage services, with the U.S. and Canada driving demand in both residential and commercial sectors. The strong economy, stable real estate market, and increasing interest in property investment from both individuals and corporations support the growth of this market.
Europe
Europe’s real estate agency and brokerage market is experiencing steady growth, particularly in regions such as the UK, Germany, and France. The demand for real estate services is largely driven by urbanization, economic stability, and the growing interest in commercial properties. The European market is expected to continue expanding as investment in real estate remains strong.
Asia Pacific
The Asia Pacific region is witnessing rapid growth in the real estate market, driven by urbanization, rising disposable incomes, and the expansion of commercial infrastructure. Countries such as China, India, and Japan are major contributors to the region’s market growth, with increasing demand for both residential and commercial real estate services.
Middle East & Africa
The Middle East & Africa market is growing steadily, particularly in countries with rapidly developing infrastructure projects like the UAE, Saudi Arabia, and South Africa. The region’s demand for real estate services is driven by urban expansion, investment in commercial properties, and large-scale development projects across residential and commercial sectors.
Latin America
Latin America is experiencing moderate growth in the real estate agency and brokerage market, driven by economic development and increasing demand for both residential and commercial properties. Countries like Brazil, Mexico, and Argentina are seeing growing interest in real estate investment, supported by a rising middle class and improved economic conditions.
Real Estate Agency And Brokerage Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Real Estate Agency And Brokerage Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development | |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Digital Transformation
- Changing Consumer Behavior
- Urbanization and Population Growth
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Competitive Market Dynamics- Competitive Market Dynamics in the Real Estate Agency and Brokerage Market are shaped by various factors, including market saturation, technological advancements, regulatory changes, consumer behavior, and evolving industry trends. These dynamics create a competitive landscape where real estate agencies, brokers, and stakeholders must innovate, differentiate, and adapt to maintain relevance, competitiveness, and market share.
Real Estate Agency and Brokerage Market is characterized by intense competition, with numerous players vying for market leadership, customer attention, and transaction volumes across Online and Offline channels. Market saturation and competitive pressures drive agencies and brokers to differentiate their offerings, provide value-added services, and develop unique selling propositions to attract and retain clients in the competitive and dynamic real estate landscape.
The rapid pace of technological advancements and digital disruption is reshaping the real estate industry, transforming business models, customer engagement strategies, and service delivery across Online platforms and digital channels. Agencies and brokers must embrace digital transformation, invest in technology, and adopt innovative solutions to enhance operational efficiency, improve customer experiences, and stay ahead of competitors in the evolving digital real estate market.
The complex regulatory environment, licensing requirements, and compliance standards governing the real estate industry present challenges and opportunities for agencies and brokers to navigate regulatory complexities, maintain industry standards, and ensure ethical practices, transparency, and accountability in real estate transactions, fostering trust, credibility, and reputation in the competitive and regulated global real estate market.
Understanding consumer behavior, preferences, and evolving market trends is essential for agencies and brokers to identify opportunities, tailor services, and deliver personalized experiences that meet the diverse needs and expectations of clients across different segments of the real estate industry. Agencies must adapt to changing consumer demands, lifestyle preferences, and market dynamics to remain relevant, competitive, and successful in the dynamic and evolving global real estate market landscape.
In conclusion, the Competitive Market Dynamics in the Real Estate Agency and Brokerage Market are influenced by market saturation, technological disruption, regulatory compliance, and consumer behavior, shaping a competitive landscape where agencies, brokers, and stakeholders must innovate, differentiate, and adapt to succeed in the competitive and complex global real estate market landscape. By understanding these dynamics, embracing change, and leveraging opportunities, agencies and brokers can develop strategic initiatives, invest in technology and talent, and introduce innovative services that drive growth, competitiveness, and success in the evolving real estate industry worldwide.
Restraints:
- Regulatory Compliance
- Market Saturation
- Supply Chain Constraints
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Skilled Labor Shortages - Skilled labor shortages represent a critical challenge facing the Real Estate Agency and Brokerage Market, impacting operational efficiency, service quality, and industry growth. The availability of qualified professionals, experienced agents, and skilled workforce is essential for delivering exceptional customer service, maintaining industry standards, and driving market innovation in the competitive and dynamic real estate landscape.
The shortage of skilled labor can lead to operational bottlenecks, reduced productivity, and service delivery challenges for Real Estate Agencies and Brokers. Inadequate staffing, skills gaps, and workforce turnover can affect business operations, client engagement, and market responsiveness, posing challenges for meeting customer demands, transaction timelines, and service quality expectations in the competitive real estate market.
Skilled labor shortages requires strategic recruitment efforts, talent acquisition strategies, and targeted training programs to attract, retain, and develop skilled professionals in the real estate industry. Real Estate Agencies and Brokers need to invest in employee development, training initiatives, and career advancement opportunities to build a competent, motivated, and customer-focused workforce capable of meeting industry demands, regulatory requirements, and market challenges effectively.
Collaborating with educational institutions, vocational training centers, and industry associations can facilitate workforce development, skills enhancement, and industry alignment to address skilled labor shortages collectively. Real Estate Agencies and Brokers can partner with academic institutions, industry organizations, and professional bodies to promote real estate education, training programs, and career pathways, fostering industry professionalism, innovation, and sustainability in the competitive real estate market landscape.
Embracing technological advancements, digital platforms, and proptech solutions can help mitigate skilled labor shortages by enhancing operational efficiency, automating routine tasks, and optimizing workforce productivity in Real Estate Agencies and Brokerages. Implementing advanced CRM systems, online portals, and AI-driven analytics tools can streamline operations, improve service delivery, and minimize manual interventions, enabling real estate professionals to focus on value-added activities, client engagement, and business growth opportunities in the digital era.
In conclusion, skilled labor shortages pose significant challenges for the Real Estate Agency and Brokerage Market, requiring proactive strategies, investments, and industry collaboration to address workforce development, training, recruitment, and technological adoption effectively. As the real estate market continues to evolve, adapt, and innovate in response to changing consumer preferences, technological advancements, and market dynamics globally, fostering a skilled and competent workforce remains essential for Real Estate Agencies and Brokers to capitalize on emerging opportunities, drive industry growth, and deliver exceptional value to clients in the competitive and interconnected global real estate landscape.
Opportunities:
- Digital Technology Integration
- Omni-Channel Customer Engagement
- Market Expansion and Geographic Reach
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Collaboration and Partnership Opportunities - Collaboration and Partnership Opportunities in the Real Estate Agency and Brokerage Market offer avenues for innovation, growth, and competitiveness by fostering synergies, sharing resources, and co-creating value-added solutions among agencies, brokers, technology providers, and industry stakeholders across Online and Offline channels.
Forming strategic alliances and joint ventures with industry stakeholders, technology providers, and market participants enables real estate agencies and brokers to leverage complementary strengths, expertise, and resources to address industry challenges, explore new market opportunities, and drive innovation in service offerings, technology integration, and customer engagement across the real estate transaction lifecycle.
Collaborating with technology providers, software developers, and digital platforms offers opportunities to integrate advanced technologies, artificial intelligence, data analytics, and automation solutions into Online and Offline real estate services, enhancing operational efficiency, improving customer experiences, and optimizing service delivery across the global real estate market landscape.
Participating in industry associations, networking events, conferences, and workshops facilitates collaboration, knowledge sharing, and collective problem-solving among real estate professionals, market experts, and thought leaders, fostering industry collaboration, best practices, and continuous learning in the competitive and dynamic real estate market.
Engaging in community outreach programs, corporate social responsibility initiatives, and sustainable development projects with local communities, government agencies, and nonprofit organizations demonstrates commitment to social responsibility, environmental stewardship, and community development, enhancing brand reputation, fostering trust, and building long-term relationships with clients, stakeholders, and the broader community.
In conclusion, Collaboration and Partnership Opportunities in the Real Estate Agency and Brokerage Market offer avenues for innovation, growth, and competitiveness by fostering synergies, sharing resources, and co-creating value-added solutions among agencies, brokers, technology providers, and industry stakeholders across Online and Offline channels. By embracing collaboration, forging strategic partnerships, and leveraging collective expertise, real estate agencies and brokers can navigate market complexities, capitalize on emerging opportunities, and drive success in the competitive and evolving global real estate market landscape.
Real Estate Agency And Brokerage Market Competitive Landscape Analysis
Real Estate Agency And Brokerage Market is witnessing strong competition as firms adopt targeted strategies to enhance client engagement, property visibility, and digital integration. Leading players are prioritizing innovation in virtual property tours, AI-driven analytics, and customer relationship platforms while deepening collaboration with developers and investors. Market growth is supported by regional and international partnerships.
Market Structure and Concentration
The market reflects moderate concentration, with top agencies holding nearly 55% to 61% share. Their strong strategies in brand reputation, network scale, and innovation sustain leadership. Meanwhile, regional agencies are achieving expansion through niche property services and localized collaboration, diversifying the competitive brokerage environment.
Brand and Channel Strategies
Agencies are refining strategies to strengthen brand positioning across residential, commercial, and industrial property segments. Nearly 44% of transactions are managed through franchise networks, supported by digital partnerships and local agent collaboration. Continuous innovation in online listings and CRM systems continues to support market growth.
Innovation Drivers and Technological Advancements
Key technological advancements in AI-based property valuation, blockchain-enabled transactions, and big data analytics are fueling innovation. Around half of the leading agencies are pursuing R&D strategies to improve transparency, speed, and client experience. Strong collaboration with fintech firms and cross-sector partnerships reinforces competitive growth.
Regional Momentum and Expansion
North America accounts for nearly 43% share, supported by housing market expansion and early adoption of proptech. Europe emphasizes compliance-driven strategies and digital innovation, while Asia-Pacific is rapidly scaling through affordability-led collaboration. Regional partnerships remain critical to strengthening agency competitiveness and reach.
Future Outlook
The competitive landscape will be shaped by proptech innovation, client-centric strategies, and industry-wide collaboration. With nearly 50% of firms planning expansion into blockchain-based transactions, AI-led platforms, and virtual reality property tours, competition is expected to intensify. Long-term growth will depend on adaptive partnerships, regulatory alignment, and digital service evolution.
Key players in Real Estate Agency And Brokerage Market include:
- Compass
- Anywhere Real Estate
- eXp Realty
- HomeServices of America
- The Real Brokerage, Inc.
- Keller Williams Realty
- RE/MAX
- Redfin
- Douglas Elliman
- Weichert Realtors
- Corcoran Group
- Long & Foster Real Estate
- Coldwell Banker Realty
- Better Homes and Gardens Real Estate
- ERA Real Estate
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Service Type
- Market Snapshot, By Mode of Service
- Market Snapshot, By End-User
- Market Snapshot, By Region
- Real Estate Agency And Brokerage Market Forces
- Drivers, Restraints and Opportunities
- Drivers
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Digital Transformation
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Changing Consumer Behavior
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Urbanization and Population Growth
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Competitive Market Dynamics
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- Restraints
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Regulatory Compliance
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Market Saturation
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Supply Chain Constraints
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Skilled Labor Shortages
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- Opportunities
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Digital Technology Integration
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Omni-Channel Customer Engagement
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Market Expansion and Geographic Reach
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Collaboration and Partnership Opportunities
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Real Estate Agency And Brokerage Market, By Service Type, 2021 - 2031 (USD Million)
- Residential Brokerage
- Commercial Brokerage
- Industrial Brokerage
- Land Brokerage
- Others
- Real Estate Agency And Brokerage Market, By Mode of Service, 2021 - 2031 (USD Million)
- Online
- Offline
- Real Estate Agency And Brokerage Market, By End-User, 2021 - 2031 (USD Million)
- Individual
- Corporate
- Real Estate Agency And Brokerage Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Real Estate Agency And Brokerage Market, By Service Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Compass
- Anywhere Real Estate
- eXp Realty
- HomeServices of America
- The Real Brokerage, Inc.
- Keller Williams Realty
- RE/MAX
- Redfin
- Douglas Elliman
- Weichert Realtors
- Corcoran Group
- Long & Foster Real Estate
- Coldwell Banker Realty
- Better Homes and Gardens Real Estate
- ERA Real Estate
- Company Profiles
- Analyst Views
- Future Outlook of the Market

