BrokerageIndustry News

Big brands dominate real estate deals

Survey: NRT, HomeServices, Long & Foster rank highest in '05 transactions, sales

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Big-brand real estate companies dominated the list of top real estate brokerage offices in the latest annual Real Trends 500 report. Real Trends, a real estate publishing and communications company, ranked NRT Inc. of Parsippany, N.J., as the top real estate brokerage in the nation in closed sales volume and in the number of closed transactions in 2005. HomeServices of America, based in Minneapolis, Minn., was second in both categories, followed by Fairfax, Va.-based Long & Foster Cos. in third. The rankings for the top three companies remain unchanged from last year's survey. NRT, a subsidiary of travel and real estate services giant Cendant Corp., oversees company-owned real estate brokerage activities. NRT represents an estimated 64,000 sales associates in about 1,000 offices, with real estate brands including Coldwell Banker, Century 21, ERA, Sotheby's International Realty, and The Corcoran Group. NRT acquired 31 companies in 2005. Cendant also operates the largest real estat...