What are the Top Real Estate Companies in Florida?

Who is the Top-Selling Real Estate Agent in Florida?

What is the Largest Real Estate Company in Florida?

How Many Real Estate Agents are in Florida?

Why are There so Many Real Estate Agents in Florida?

How do I Find a Good Real Estate Company in Florida?

Are there Any Real Estate Agent Alternatives?

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Who is the Top-Selling Real Estate Agent Florida?

Florida isn’t only large in terms of size it’s also one of the states with the most real estate activity. Property purchases and sales are incredibly common throughout the state, which doesn’t make determining top-selling real estate agents in Florida is easy. Another thing to consider is that real estate agents generally work within specific market areas or cities of focus. On a larger scale, this essentially means there isn’t single we can refer to for determining the top-selling agent in Florida. Instead, we can focus on a comparison between lists of top selling agents throughout Florida to better determine which are the overall leading producers in the state.  

We often see real estate agents from the following real estate agencies on top of this list:

Keller Williams Real Estate Agency

Re/Max

The reason for this is simple, many agents from these agencies have exhibited an extraordinary and innovative ability to sell properties. To reach this point, an agent must be able to master all parts of the sale process including the negotiations, marketing of the property, and the closing of the deal. Among all the real estate agents in Florida there are several who have stood out as top selling. Some examples of these include:

Jennifer Wemer from Wemert Group 

Mark Rucco from RE/MAX

Claudia and Justin Willard from Willard Realty Team Corp

Abby Nelson from RE/MAX

Sarah Rocco from Keller Williams Realty

Peter Chicouris from Weichert Realtors Equity

Aaron Novello from Keller Williams Partners 

What is the Largest Real Estate Company in Florida?

Determining the largest real estate company in Florida is not as simple as simple as comparing “apples to apples”. Real estate companies often function under different types of structures and systems. A real estate agency working mainly through franchises is fundamentally different from a privately owned real estate agency. This is an important distinction to keep in mind when trying to determine the largest real estate agency in Florida.

When it comes to privately-owned real estate agencies, the largest one in Florida is known as the Keyes Company. The Keyes Company is the largest family-owned real estate brokerage, with over 3,000 real estate agents operating under its brand name. As a family-owned company, family values are extremely important. The Keyes company consistently refers to their values and prides itself on operating in stark contrast to larger franchises and Wall Street conglomerate agencies.

Outside of the family-owned real estate business in Florida, there are many large franchises along with national and international agencies. Some of the more reputable and well-known agencies include:

1. Century 21

2. RE/MAX

3. Coldwell Banker Residential Real Estate

4. Keller Williams

All four of these agencies have multiple branches and agents that operate throughout the state. Some of the best real estate agents in Florida can also be found working under these agencies. 

It’s worth noting that Century 21 and Coldwell Banker Real Estate are in fact owned by the same parent company alongside Sotheby’s International Realty. Electronic Realty Association (ERA), is the parent company of these three real estate offices, making them collectively one of the largest operating real estate companies in Florida. ERA operates worldwide, and even on a worldwide scale, they’re one of the largest and more highly regarded real estate agencies today.

Takeaways:

• ERA, or Electronic Realty Association, is the parent company of Century 21, Coldwell Banker Real Estate, and Sotheby’s International Realty
• The Largest Family Privately Owned Real Estate Agency in Florida is Keyes Company
• Many of the top real estate agents in Florida are working under RE/MAX Premier or the Keller Williams realty franchises 

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How Many Real Estate Brokers are in Florida?

It’s no secret, real estate in Florida is booming. These days, it’s not uncommon to find Florida on many top real estate lists as buyers flock to the area for its affordable prices, beautiful beaches, and sunny weather. All of this has led to more opportunities for real estate agents who are looking to make a name for themselves in the industry. As of 2020 the concentration of real estate agents in the state was 13.6 agents per 1000 people, approximately 5 agents over the next highest concentration in any state.

The number of active Florida real estate brokers in 2020 was around 293,000. This number doesn’t trail far behind California, a much larger state with a far larger population. The Bureau of Labor Statistics (BLS) states that Florida has a far larger real estate broker number than what would have been expected based on the number of residents in the state. 

Takeaways:

• In Florida, there are over 293,000 active real estate brokers as of May 2020
• There are 13.6 Real estate brokers per 1000 residents
• The average sale of properties per real estate agent in 2020 was 1 
• The average annual commission fees earned by agents based on the volume of sale and the broker number in the state was $7,800

Why Are There So Many Realtors in Florida?

The growing number of realtors in Florida has been a hot topic for several years. In 2018 for example, an article on the Tampa Bay Times website noted there were over 180,000 realtors working in the state. This number was far disproportionate compared with the limited number of houses available at the time. As a result of the inactive market, many agents were struggling to find and close deals. Nowadays, these concerns haven’t exactly subsided. Recent data gathered by organizations such as the Bureau of Labor Statistics, shows there has been a sharp jump in the number of realtors throughout the state of Florida. As of 2020, the number of agents active in the state closer is to 300,000. Combined with the recent lack of inventory, the average number of sales per real estate agent in 2020 was less than 1. 

So why do so many people choose to become realtors in Florida? This is not an easy question to answer. In general, the real estate industry is a relatively cheap career to enter and it has the potential to lead to high earnings if you’re able to develop a strong clientele and establish a successful name for yourself as a realtor. This could be one of the reasons why there are so many real estate agents in Florida, but it doesn’t explain specifically why the state has seen a higher increase in agent numbers over the past few years compared to other states. There is no clear indication of any potential incentive, especially when considering how for years the market has been oversaturated with real estate agents.

More recently due to the pandemic, we’ve seen a growing wave of people choosing to move to Florida. The increased number of buyers looking for vacation homes and even permanent homes to relocate to will continue to drive more business to the state and should hopefully end up generating more work for real estate agents in the area. All of this is relative of course, because, real estate deals are never divided equally. Rather, a more likely scenario is seeing the already established real estate agents take over most of the work available. 

How do I Find a Good Real Estate Company in Florida?

Finding a good realtor in Florida and anywhere in the world, is about doing your research and due diligence. It’s important to first outline your criteria and then identify all potential agents in the area that fit your criteria. Keeping your wants and needs at top of mind when selecting your agent will help to make working together with them a far more pleasant and rewarding experience.

1. Appearance Matters, But it’s Not Everything

Don’t make the decision of what real estate agent you’ll go for solely based on appearance. Yes, appearance can be important in helping you determine the professionalism of the person you’re considering working with, but it shouldn’t be the only thing you look at. When you find a potential real estate agent you’d like to work with, look beyond the initial headshot. Ask for references. Get in contact with their past clients if possible or those who are familiar with their service offering, to better determine if they’re right for you. 

2. Shared Interests and Engagement

The most important thing a real estate agent can do for you is to truly understand your needs and interests. Having a real estate agent who finds the type of property you’re looking for boring, will result in them showing less interest in finding a property that will truly fit your needs. By contrast, having an agent who shares a common interest in the property type is more likely to be more heavily engaged and understand what your wants are, which can be an important part of finding your perfect property.  

3. Shop Around

One of the biggest mistakes people often end up making when looking for a real estate agent is that they either go with the first one they find or with someone suggested to them by friends or family. References are great, but just because an agent worked for one person doesn’t make them the right agent for you. Definitely Consider researching the area and arranging meetings with a number of agents to find the one that’s right for you and your needs. 

Are there Any Real Estate Agent Alternatives?

Self-listing for a flat fee is the top alternative to working with a traditional agent. As a seller, self-listing or working with an online company such as richr.com can save you thousands of dollars by not having to pay a hefty commission to a listing agent. Richr is the first and only platform to help independent sellers list for free on the MLS. Richr equips a seller with the same marketing power they would have when working with a regular agent, with zero upfront costs. For buyers, Richr provides a commission-free one-stop-shop homeownership experience by providing title, insurance, and loans with zero real estate commission fees.

Summary

Florida is easily one of the most saturated real estate markets today. This can be seen as a benefit to home buyers and sellers because at any given moment there are typically many agents available. As the housing market in Florida continues to boom, finding the right real estate agent becomes even more crucial. It’s important to research the area and your options available, to find a real estate agent that matches your needs and interests. This will hopefully result in a more enjoyable and successful collaboration.  As an alternative, if you’re seeking to save money or simply experience a less traditional buying or selling experience, there are plenty of less-traditional online services available.