Whether you're selling or buying a high-end home or simply interested in researching luxury realtors, finding the right luxury real estate brokerage is essential. These brokerages work with some of the world's most famous real estate agents and offer a seamless process for buying or selling luxury properties.
The Rise of Online Luxury Brokerages
In addition to traditional luxury brokerages, there are now online real estate companies that offer concierge-level services comparable to luxury brokerages. One such successful company is Richr.com. With Richr, you can access buyer, seller, and investment services, along with unique perks like a dedicated concierge agent. What sets Richr apart is their low commission fees - just 1% with title settlement fees included. Plus, when you buy with Richr, you can even redeem cash!
Sotheby's Realty: The Epitome of Prestige
One of the most prestigious real estate companies in the world is Sotheby's Realty. Established in 1744, Sotheby's is an international luxury real estate company that deals in fine art and rare objects alongside their real estate business. They have some of the most expensive properties for sale on the international luxury market. Let's take a look at a few of them:
Willow Creek Estancia
Price: $130M (USD) Location: Rancho Santa Fe, California Features: 4 bedrooms, 7+2 bathrooms, 77 acres of land
Gemini
Price: $137.5M (USD) Location: Manalapan, Florida Features: 12+30 bedrooms, 15 acres of land
Meadow Lane Oceanfront
Price: $150M (USD) Location: Southampton, New York Features: 16 bedrooms, 21+9 bathrooms, 14 acres of land
Sandow Lakes Ranch
Price: $150M (USD) Location: Rockdale, Texas Features: 33,777 acres of land
Molokai Ranch
Price: $260M (USD) Location: Maunaloa, Hawaii Features: 77 hectares of land
The World's Largest Real Estate Brokerage
Forbes has ranked the Brookfield Asset Management group as the world's largest real estate brokerage for the fourth consecutive year. Based in Canada, this global company manages over $600 billion in assets and invests in various sectors, including commercial real estate, hotels, residential properties, retail space, renewable energy, and infrastructure. They are also committed to supporting struggling retail firms, having pledged to invest $5 billion in the market.
The Top-Selling Brokerages
In the United States, the largest real estate brokerage is the American Tower Corporation. With sales totaling $69.673 billion and assets worth $47.234 billion, they have established themselves as a leader in the industry. However, when it comes to annual revenue, Keller Williams Realty takes the crown with $532.2 billion in 2021. Started in Austin, Texas, Keller Williams Realty has grown to become the largest brokerage in the world for residential properties, with a presence in South Africa and South American countries.
The Top Luxury Real Estate Agents
Many successful real estate agents eventually open their own brokerages. Let's explore some of the top luxury real estate agents and brokers worldwide:
1. Jade Mills
2. Matt and Josh Altman
3. Santiago Arana
4. Ernie Carswell
5. Chris Cortazzo
6. Mike Deasy
7. Drew Fenton
8. Josh Flagg
9. Tomer Fridman
10. Ginger Glass
These agents represent just a fraction of the A-list luxury real estate agents across the globe. Their success is a testament to their dedication and expertise.
The Top-Selling Agent in the US
Ben Caballero is consistently ranked as one of the top-selling agents in the US. He has sold an incredible 36,827 new homes, totaling $13.141 billion, between 2004 and 2019, making him a true titan of the industry.
The Best Commission Split in the Real Estate Industry
When it comes to commission splits, Keller Williams is recognized as one of the best brokerages to work for. They offer a 70/30 split, with 70% going to the agent and 30% to the broker. Other brokerages, like Coldwell Banker, offer a 55/45 split. Luxury real estate brokerages like Sotheby's have different commission splits, with some agents receiving up to 6%. These splits depend on the brokerage's property portfolio and financial capacity.
Conclusion
The luxury real estate industry offers exciting opportunities for both clients and agents. Whether you're buying or selling, it's crucial to research and compare luxury realtors before making a decision. Consider working with a reputable virtual company like Richr for concierge-level services at a fraction of the cost. With Richr, you'll receive unmatched buyer and seller services, including a cashback program. To learn more about this trending real estate company, visit Richr.com.