The National Association of REALTORS® released its summary of the “2019 Profile of Real Estate Firms,” stating that the majority of real estate firms have positive outlooks on the industry’s future.
Evolving technology, housing affordability and non-traditional competitors were cited as the biggest concerns for the next two years. “Real estate firms continue to look optimistically toward the future, with a majority expecting profits to increase in the next two years. These trends are positive signs, particularly in our constantly evolving industry,” said NAR President John Smaby.
A few details from the survey included:
- Eighty-one percent of real estate firms had a single office, typically with two full-time real estate licensees.
- Eighty-six percent of firms were independent, non-franchised companies, and 11 percent were independent franchised companies.
- Eighty-two percent specialized in residential brokerage.
Members can read more about the survey after logging in and following the link.