Get #10 Not All Commercial Real Estate Brokers Are ...

In the commercial world, “broker” is commonly used to encompass any licensed representative involved, and in residential, the term “realtor” is used often to refer to the agents involved in selling or buying a home. However, these terms have specific meanings with legal implications that are important to understand.

The total estimate is $20.7 trillion. Measurement issues with the underlying data suggest that the actual value of total CRE may differ from this point estimate. An examination of these sources of uncertainty suggests that the actual value is highly likely to fall within a range of $18 - $22 trillion.

I just asked NAR who told me directly, "Approximately 78,000 NAR and institute affiliate members specialize in commercial brokerage and related services. Also, an additional 232,000 members offer commercial real estate services as a secondary business."

There are 2,483,942 Commercial Real Estate businesses in the US as of 2023, an increase of 2.1% from 2022. Has the number of Commercial Real Estate businesses in the US grown or declined over the past 5 years?

As of Apr 22, 2024, the average annual pay for a Commercial Real Estate Broker in the United States is $196,249 a year.

There are 106,548 real estate brokerages in the United States, or 14.6 Realtors for every brokerage. Among the states, Florida has the most Realtors and Vermont the fewest. Among cities, the Miami Metropolitan Area has the highest concentration of real estate sales agents.

A commercial real estate broker is a middleman between sellers and buyers of commercial real estate, who helps clients sell, lease, or purchase commercial real estate.

Top Firms by Sales VolumeTop Firms by Leasing Volume Rank Company Name Company Name 1 CBRE CBRE 2 Cushman & Wakefield Cushman & Wakefield 3 Marcus & Millichap Colliers7 more rows • Jun 1, 2023