Dallas, TX – United Real Estate (United) announced
today its position as the sixth-largest real estate firm in the United States
in transaction count and agent count as well as the second-fastest growing
company in sales volume, according to verified data in the Power
Broker Report, Mega
1,000 and REALTrends
500
rankings.
The company claimed top 10 status for the third consecutive year in all juried industry rankings, underscoring its status as a prestigious six-time Inc. 5000 fastest-growing U.S. company. Since 2019, United has experienced a 175% growth in agent count and an 826% increase in revenues.
Earlier this month, United announced significant
investments amid industry contraction, made possible by the efficiencies
created by its purpose-built, technology-enabled model. Unlike many of its
competitors, the company is delivering strong financial performance, allowing
it to increase investments in differentiated, mission-critical programs for its
affiliated licensed agents while returning tens of millions of dollars to its
agents from their transactions. According to unadjusted GAAP EBITDA reported by
publicly traded peers, United believes it was more profitable in 2022 than any
other competitor.
In the second half of 2022 and continuing into the
first quarter of 2023, the company launched significant new programs and tools
to its national network, including United University powered by a user-friendly
Learning Management System, a new comprehensive agent and broker marketing
platform, United Marketing Hub and enhancements to United’s proprietary
cloud-based agent productivity platform, Bullseye Cloud™. These new offerings significantly strengthen
United’s brokers’ and agents’ ability to outperform the adjusted market.
“The residential real estate industry has just crossed
a major inflection point that no one other than Mike DelPrete is giving enough
import to its significance. Technology-forward, low or flat-fee or even virtual
models now offer equivalent or better services than ‘traditional’ split
commission brokerage models – national or independent – to their agents and
buying and selling clients,” commented Dan Duffy, Chief Executive Officer of
United Real Estate Group. “This is causing an acceleration of migration of
agents, brokers and market share to these new brokerage models at the expense
of, still large but beleaguered, traditional high commission split models and
national brands that extract onerous royalty and other fees. The fulcrum point
has been passed. This is the moment in time, years from now, that with
hindsight, the new models overtook the old ones. It is exciting to be part of
it. It is wildly beneficial to agents and ultimately the buying and selling
public.”
To learn more about United Real Estate, brokerage
succession planning, brokerage valuation and sale or franchising opportunities,
visit GrowWithUnited.com
or call 888-960-0606. Agents interested in learning about career opportunities
with United Real Estate can visit JoinUnitedRealEstate.com
or call 888-960-0606.
About United Real Estate
United
Real Estate (United) – a division of United Real
Estate Group – was founded with the purpose of offering solutions to real
estate brokers and agents in the rapidly changing real estate brokerage
industry. United provides the latest training, marketing and technology tools
to agents and brokers under a flat-fee, transaction-based agent commission
model. By leveraging the company’s proprietary cloud-based Bullseye™ Agent
& Broker Productivity Platform, United delivers a more profitable outcome
for agents and brokers. United Real Estate operates in 33 states with 148
offices and 18,500 agents. The company produced over 77,900 transactions and
$27.9 billion in sales volume in 2022.
About United Real Estate Group
United Real Estate
Group (UREG) operates United Real Estate and United Country
Real Estate, addressing the unique market needs of suburban, major metropolitan
urban and rural markets. Utilizing the cloud-based Bullseye™ Agent & Broker
Productivity Platform, UREG offers the latest training, marketing and
technology tools producing a significant competitive advantage. The platform
realizes a decade-long investment in virtual agent and brokerage technology
services and is powered by a 2.6 million listings data warehouse generating
over 3 million monthly visitors and 30,000 leads per year. Together, the United
Real Estate Group supports more than 630 offices and over 21,000 real estate
and auction professionals across four continents. United Real Estate Group
produced over $34.4 billion in 2022. Through its in-house advertising agency,
UREG offers differentiating marketing support and collateral for specialized
lifestyle property websites as well as access to a 650,000+ opt-in buyer
database. For more information about United Real Estate or United Country Real
Estate, please visit UnitedRealEstate.com
or UnitedCountry.com.