Agents employed at the top 29 Brokers in CA

Chart last updated 1/14/11

Data courtesy of California Dept. of Real Estate (DRE)

The above chart tracks the number of agents employed by California’s top brokers. This chart is an annual feature, compiled and presented by first tuesday. [For last year’s post-recession Broker comparison, click here.]

The above chart contrasts the number of employed agents in December 2009 and December 2010 at California’s 29 largest brokerages. Take a moment to see who is successfully riding out the recession, and who is falling victim to the crisis. What costs are brokers cutting or eliminating? Which brokers are wasting away an opportunity, and who is taking advantage of this crisis to capture market shares?

Notably absent are some of the nation’s top brokers. Some that would have made the top 30 in 2008, like Marcus & Millichap and the Mili Group, have lost agents or disappeared entirely. Most of the state’s major brokers experienced only marginal changes in employment over the past year, although some, like Real Estate Ebroker, added significant numbers.

Since July of 2008, employment has dropped dramatically in almost every sector in California. Few industries, if any, have suffered as much as real estate (construction, insurance, finance, and agents and their brokers). Agents and brokers now scramble to succeed in the half-priced turmoil of spastic REO and negative equity listings. Those that remain full-time are the ones who have successfully adjusted. [For more information on employment in all sectors of the economy, see first tuesday’s Market Chart, Jobs Move Real Estate]

Please note that this chart tracks only agents employed by brokers, not other brokers.

Note also that certain other “big names,” such as Century-21 and Prudential, are not brokers but real estate franchises.  Franchisors contract with numerous individual brokers who operate separately from the franchisor and employ agents.  While the Franchise may appear to cover several hundred or thousand agents, no one broker as a franchisee makes the list.  Distinguish franchisees from independently branded brokers operating under their corporate name (those that made the list) which employ agents under one corporate broker’s license.

Agents employed at each of California’s top 29 brokers:

The 29 Top Brokers in CA by Number Employed, 2.0 out of 5 based on 1 rating There are currently no comments highlighted. - ft

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