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
Jade Mills is an internationally renowned luxury real estate agent and the president of Jade Mills Estates. With sales exceeding $6 billion, she is the number one real estate agent for Coldwell Banker.
2. Matt and Josh Altman
The Altman Brothers, Matt and Josh Altman, are famous for their luxury real estate deals, including the sale of Kim Kardashian and Kanye West's Bel Air mansion for $17.8 million.
3. Santiago Arana
Santiago Arana, an immigrant from Bolivia, has become one of the top real estate agents in America. He is known for his role in selling LeBron James' Brentwood Home and raising $23 million for a new development.
4. Ernie Carswell
Ernie Carswell gained fame for listing the iconic Brady Bunch house in Encino, California. He sold the house for $3.5 million, well above the asking price, and has sold over $2 billion worth of real estate since 2014.
5. Chris Cortazzo
Chris Cortazzo, based in Los Angeles, has surpassed $600 million in sales. He sold Richard Weintraub's 6.3-acre Malibu colony for $50 million and other off-market listings, including a home in Malibu for $125 million.
6. Mike Deasy
Mike Deasy specializes in architectural and historical gems. With 40 years of experience, he combines his love for art and architecture to serve clients in Southern California.
7. Drew Fenton
Drew Fenton has listings on the market as high as $350 million. In 2019, he sold the Sierra Tower's condo for $6.5 million.
8. Josh Flagg
Josh Flagg achieved over $170 million in sales in 2017. He holds the record for the highest per-square-foot sale with a Spanish-style home in Little Holmby Hills.
9. Tomer Fridman
Tomer Fridman is known for working with various members of the Kardashian family. He currently has one of Kylie Jenner's properties listed for $5.5 million in Hidden Hills.
10. Ginger Glass
Ginger Glass sold $171 million worth of properties in 2017. She is known for her long-lasting relationships with clients and her upcoming $135 million listing.
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.
