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NAR: Lots of Diversity and Competition

Real estate firms “vary widely in size and specialize in a variety of business activities, fueling competition that benefit consumers.” Those are the recent findings of the survey, 2006 National Association of Realtors Profile of Real Estate Firms: An Industry Overview.

Other interesting findings include:

  • 81% of real estate firms offer residential brokerage and 36% provide commercial real estate services.
  • Two-thirds of real estate firms reported higher profits in 2005.
  • More than half of real estate firms have been in business for 15 years or more.
  • Four out of five real estate firms have a website that’s been online for a median of five years

    • The findings support the NAR’s position that not only is the real estate industry diverse, but fairly competitive which provides clients with multiple options ranging from full-service to discount brokerage, from flat fees to fee-for-service, and even hourly rates.

    This entry was posted on Tuesday, October 24th, 2006 at 2:53 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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