What's behind rapid growth of big brokerages? Technology, some experts say

U.S.'s largest 500 brokerages grew their business at nearly twice the rate of market overall
by Staff Writer
April 14, 2016
  • The biggest brokerages have steadily acquired more market share over the last six years.
  • The cost of technology, which can help brokerages acquire more clients and recruit agents, may be driving the growth.
  • Technology has fueled the growth of teams, which tend to work at bigger brokerages.

The nation’s biggest brokerages keep grabbing a bigger piece of the real estate pie, claiming a larger and larger share of transactions each year. The reason? Technology, some industry observers say.