Brokerage Management Statistics 2022 - Everything You Need to Know


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Best Brokerage Management Statistics

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Brokerage Management Market Statistics

  • Nearly 80% of active listing agents use drone photography and videography to market their listings. [0]
  • Homes with drone photography as a part of the marketing plan sell, on average, 68% faster than those without. [0]
  • Recent sellers reported only 10% of their agents effectively used video to market their property. [0]
  • For e.g., determine if the average daily return, of any stock listed on XYZ stock market , around New Year’s Day is greater than 2%. [1]
  • Click here for historical data for median home prices, percent change in sales, unsold inventory and median days on market at the county level. [2]
  • The market size of the Real Estate Sales & Brokerage industry is expected to increase 3.4% in 2022. [3]
  • The market size of the Real Estate Sales & Brokerage industry in the US has grown 3.8% per year on average between 2017 and 2022. [3]

Brokerage Management Latest Statistics

  • Individuals Leaving % of Total Individuals Entering % of Total 617,549. [4]
  • Year Total Firms at End of Year Firms Leaving % of Total Firms Added % of Total 3,435. [4]
  • In addition, its number of clients has shot up by 127% over the last year after finishing the acquisition of TD Ameritrade. [5]
  • Cryptocurrency exchange Coinbase has seen its AUM grow 608% over the last year, significantly more than any stock broker. [5]
  • Robinhood also had a successful year, going from $19 million in assets in 2020 to $81 million in 2021, an increase of 311%. [5]
  • Charles Schwabā€™s number of clients grew the most of any brokerage firm (127%). [5]
  • Change Charles Schwab $4.395 $7.614 73%. [5]
  • Fidelity $3.500 $4.228 21% Bank of America/Merrill Lynch $3.067 $3.693 20% J.P. Morgan $2.564 $3.00 17% Robinhood $0.19 $0.81 321%. [5]
  • Coinbase, for example, grew its assets under management by 608% from September 2020 to 2021. [5]
  • Robinhood reported growth of 311% from March 2020 to 2021 in its IPO filing. [5]
  • Charles Schwab 14,393,000 32,675,000 127% Fidelity 25,122,000 30,900,000 23% Robinhood 7,200,000 18,000,000 150%. [5]
  • Per its most recent numbers, just a little over 10% of its total clients are monthly transacting users. [5]
  • 5.64 millionexisting homeswere sold in 2020, according to data from the National Association of REALTORSĀ®. [6]
  • 822,000newly constructedhomes were sold in 2020, according to the U.S. Census Bureau. [6]
  • There are approximately 119.7 million occupied housing units in the United States, according to the2018 American Community Survey. [6]
  • According to the2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. [6]
  • In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’sSurvey of Consumer Finances. [6]
  • Monthly Membership Report and NAR Membership Statistics, 1908 present 68% percent of REALTORSĀ® are licensed as sales agents, 20% hold broker licenses, and 13% hold broker associate licenses. [6]
  • 65% of all REALTORSĀ® are female, and the median age of all REALTORSĀ® is 52. [6]
  • 29%Bachelor’s degree 32%Graduate degree and above. [6]
  • 13%Associate degree 13%Some graduate school 6%High. [6]
  • Ā® affiliation with firmsIndependent contractor 88%Employee. [6]
  • Ā® most often prefer to communicate with their clients through text messaging, at 93%. [6]
  • Ninety percent preferred to communicate via telephone, and 89% through e. [6]
  • 70% of broker/broker associates and 69% of sales agents have a website. [6]
  • 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. [6]
  • 74% of REALTORSĀ® use Facebook and 56% use LinkedIn for professional purposes. [6]
  • 20% of all members get 15% of their business from social media, and 10% get 6. [6]
  • Of the members that use drones in their real estate business of office, 36% hire a professional, 14% have someone in their office that uses drones, and 6% personally use drones. [6]
  • 34%Median age of firsttime buyers 33Median age of repeat buyers 56Median household income of first time buyers $86,500Median household income of repeat buyers $112,500. [6]
  • Among those who financed their home purchase, buyers typically financed 87% of the home price. [6]
  • 87% of buyers purchased their home through a real estate agent or brokerā€”a share that has steadily increased from 69% in 2001. [6]
  • Buyers who would use their agent again or recommend their agent to others 75%. [6]
  • Internet 51%Real estate agent 28%Yard sign/open house sign 4%Friend, relative, or neighbor 6%Home builder or their agent. [6]
  • from sellers/Knew the sellers 3%Print newspaper advertisement 1% Source 2021 National Association of REALTORSĀ® Profile of Home Buyers and Sellers. [6]
  • 90% of sellers were assisted by a real estate agent when selling their home. [6]
  • Recent sellers typically sold their homes for 100% of the listing price, and 35% reported reducing the asking price at least once. [6]
  • 68% of sellers who used a real estate agent found their agents through a referral by friends or family, and 53% used the agent they previously worked with to buy or sell a home. [6]
  • Sellers who definitely would use same agent again 90% Source 2021 National Association of REALTORSĀ® Profile of Home Buyers and Sellers. [6]
  • FSBOs accounted for 7% of home sales in 2020. [6]
  • 34%Yard sign 26%Friends, relatives, or neighbors. [6]
  • 18%Social networking websites. [6]
  • Tours 3%Forsaleby owner websites 2%Print newspaper advertisement. [6]
  • Robinhood generates around 50 percent of its revenue from the practice. [7]
  • The company generates the other 50 percent of its income from account interest and Robinhood Gold, which lets users trade on margin, make larger deposits and access professional reports from Morningstar. [7]
  • Robinhood generated $682 million in paymentfororder flow revenue in 2020, a 514 percent increase. [7]
  • 2015 to 2018 only covered paymentsfororder flow, which accounted for between 55 to 75 percent of Robinhoodā€™s revenue in those years Sources. [7]
  • ā€“ the median gross income of a CRB is 146% higher than that of a non. [8]
  • Recognition as a member of an elite, worldwide community of industry leaders ā€“ only 3% of REALTORSĀ® have met the designationā€™s advanced eligibility and training requirements. [8]
  • In 2021, 20% of home buyers were single women, whereas less than 10% were single men. [0]
  • More than 40% of active Realtors in the United States are located in California, Florida, Texas, and Arizona. [0]
  • Nearly 2% of the adult population in Florida has an active real estate license. [0]
  • The number of active Realtors in Arizona has grown by nearly 10% from 2020 to 2021.There are currently more than 3 million active real estate licensees in the United States. [0]
  • More than 65% of active Realtors are women. [0]
  • 45% of Realtors have completed a bachelorā€™s or graduate degree. [0]
  • 20% of Realtors have had their license for a year or less. [0]
  • 82% of licensed Realtors own their primary residence. [0]
  • 37% of licensed Realtors own at least one secondary property. [0]
  • 68% of all real estate licenses in the United States are held by agents, the rest are held by brokers and associate brokers. [0]
  • 92% of homes sold in the U.S.in 2021 were sold using an agent or a broker. [0]
  • The average listing price for a home in the United States has risen more than 32% since March 2020 to $374,900 as of June 2021. [0]
  • The median sales price for a home in the United States in 2021 has increased by 416% since 1980. [0]
  • Interest rates have literally never been lower than in 2021ā€”at one point hovering around 2.68%. [0]
  • The number of homes sold in 2021 was up by nearly 10% over 2020 to 6.29 million as of September 2021. [0]
  • Realtors typically make more than 95% of their annual income from real estate commissions. [0]
  • 71% of Realtors specialize in residential real estate. [0]
  • Realtors earning $100,000 or more in gross commission income are more than twice as likely to use advanced technology tools like a CRM than agents who earn less. [0]
  • 74% of Realtors use Facebook for business purposes. [0]
  • 56% of Realtors use LinkedIn for business purposes More than 30% of Realtors report closing at least one transaction a year as a direct result of their use of social media. [0]
  • 60% of agentssurveyed by The Closelist active social media as more important than a website. [0]
  • 73% of homeowners say theyā€™re more likely to list with a Realtor who uses video to sell property. [0]
  • 78% of real estate professionalssurveyed by The Closesay that video is important to making agents stand out on social media. [0]
  • In 2021, 68% of home sellers reported finding their agent via a referral from friends or family. [0]
  • In 2021, the typical Realtor earned 34% of their commission income via repeat clients and referrals. [0]
  • 70% of licensed real estate professionals have a website. [0]
  • 69% of recent home sellers surveyed said that they would gladly write a review for their sales agent, if requested. [0]
  • Less than 1% of homebuyers reported finding their new home via print advertising. [0]
  • 32% of all real estate licenses in the United States are held by brokers or associate brokers. [0]
  • 45% of brokers report that ā€œkeeping up with technologyā€ is the biggest challenge their agents face. [0]
  • The typical FSBO home sold for 17% less than a home listed with a Realtor. [0]
  • The typical home seller will cash out 30% of their purchase price in proceeds from a sale in 2021. [0]
  • More than 20% of homebuyers in 2021 were single females. [0]
  • Less than 10% of homebuyers in 2021 were single men. [0]
  • 34% of home purchases in 2021 were made by first. [0]
  • 11% of homebuyers in 2021 purchased multigenerational homes due to children above the age of 18 moving back home, for cost saving, or to care for their aging parents. [0]
  • 3% of homebuyers in 2021 were active. [0]
  • 29% of homes purchased in 2021 had a sale price of more than 100% of the asking price. [0]
  • 41% of buyers report their first step in the home buying process was looking at homes online, while only 19% of buyers contacted a real estate agent as their first step. [0]
  • In 2021, the typical first time homebuyer financed 93% of their homeā€™s purchase price, compared to 83% for repeat home buyers. [0]
  • 28% of first time homebuyers reported using a gift or a loan from family or friends for some or all of their downpayment. [0]
  • 60% of Realtors report that in 2021, lack of inventory was the most important factor limiting potential clients from making a purchase, overtaking 2020ā€™s ā€œfinding the right property in the right price rangeā€. [0]
  • Nearly 60% of home buyers under the age of 29 donā€™t expect to be in their home for more than 10 years before selling again. [0]
  • Net premiums written $534.0 $558.4 $618.3 $639.5 $655.5 Percent change 2.6% 4.6% 10.7% 3.4% 2.5%. [9]
  • 1 State Farm $70,311,695 8.9%. [9]
  • MetLife Inc. $97,860,893 11.3% 2 Equitable Holdings 83,179,735 9.6 3 Prudential Financial Inc. 59,387,003 6.9 4. [9]
  • Revenue Life insurance premiums $115.0 $137.1 $145.1 $151.0 $143.1 5.3% Annuity premiums and deposits 318.5 287.2 269.7. [9]
  • Total premiums, consideration and deposits $599.9 $597.1 $603.2 $679.4 $625.7. [9]
  • Total expenses $766.6 $759.4 $839.7 $842.8 $825.2. [9]
  • $44.7 $22.1 50.5% Pre tax operating income 67.1 63.0 46.0. [9]
  • The October 21, 2021 CBLE resulted in a 25% pass rate prior to appeal decisions. [10]
  • The April 21, 2021 CBLE resulted in a 19% pass rate prior to appeal decisions. [10]
  • To take another example, the annual return of a particular mutual fund is 8%. [1]
  • The annual return of the mutual fund is 8% per annum. [1]
  • The annual return of the mutual fund is not equal to 8% per annum. [1]
  • Null Hypothesis mean = 2%. [1]
  • > 2%. [1]
  • For a normal distribution, 95% of the values lie within two standard deviations of the population mean. [1]
  • Hence, this normal distribution and central limit assumption for the sample dataset allows us to establish 5% as a significance level. [1]
  • It makes sense as, under this assumption, there is less than a 5% probability of getting outliers that are beyond two standard deviations from the population mean. [1]
  • Depending upon the nature of datasets, other significance levels can be taken at 1%, 5% or 10%. [1]
  • For financial calculations , 5% is the generally accepted limit. [1]
  • In the above example, if the mean of the sample is much larger than 2% (say 3.5%). [1]
  • The alternative hypothesis (mean >2%). [1]
  • However, if the mean of the sample is not likely to be significantly greater than 2% (and remains at, say, around 2.2%). [1]
  • According to the textbook standard definition , ā€œA critical value is a cutoff value that defines the boundaries beyond which less than 5% of sample means can be obtained if the null hypothesis is true. [1]
  • In the above example, if we have defined the critical value as 2.1%, and the calculated mean comes to 2.2%, then we reject the null hypothesis. [1]
  • If the probability of getting a sample mean is less than 5%, then the conclusion is to reject the null hypothesis. [1]
  • To maintain the standard 5% significance or confidence level for probability calculations, this is retained at 5%. [1]
  • Taking alpha = 0.05 (i.e. 5% significance level). [1]
  • Our rejection region at 5% significance level is Z. [1]
  • Z (assuming 5% significance level, split 2.5 each on either side). [1]
  • 21.12% which is greater than 0.05 or 5%, leading to the same conclusion. [1]
  • The number of people employed in the Property Management industry in the US increased 1.8% on average over the five years between 2017 and 2022. [11]
  • 87.36%% of shares that are price improvedLearn more Execution Price. [12]
  • 98.5%% of shares that fall within the NBBO. [12]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [13]

I know you want to use Brokerage Management Software, thus we made this list of best Brokerage Management Software. We also wrote about how to learn Brokerage Management Software and how to install Brokerage Management Software. Recently we wrote how to uninstall Brokerage Management Software for newbie users. Donā€™t forgot to check latest Brokerage Management statistics of 2022.

Reference


  1. theclose – https://theclose.com/real-estate-statistics/.
  2. investopedia – https://www.investopedia.com/articles/active-trading/092214/hypothesis-testing-finance-concept-examples.asp.
  3. car – https://www.car.org/marketdata/data.
  4. ibisworld – https://www.ibisworld.com/industry-statistics/market-size/real-estate-sales-brokerage-united-states/.
  5. finra – https://www.finra.org/media-center/statistics.
  6. fool – https://www.fool.com/the-ascent/research/largest-stock-brokerage-firms/.
  7. nar – https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics.
  8. businessofapps – https://www.businessofapps.com/data/robinhood-statistics/.
  9. nar – https://cdn.nar.realtor/education/designations-and-certifications/certified-real-estate-brokerage-manager-crb.
  10. iii – https://www.iii.org/fact-statistic/facts-statistics-industry-overview.
  11. cbp – https://www.cbp.gov/trade/programs-administration/customs-brokers.
  12. ibisworld – https://www.ibisworld.com/industry-statistics/employment/property-management-united-states/.
  13. fidelity – https://clearingcustody.fidelity.com/app/item/RD_13569_21687/trade-execution-quality-overview.html.
  14. statista – https://www.statista.com/statistics/1258457/largest-stock-brokers-usa/.

In Conclusion

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