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.
- 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.