Real Estate Industry Benchmarks & Real Estate Research Studies from AccountTECH
Thru mid-year 2024, slightly more Real Estate brokerages return to profitability
AccountTECH, a leading provider of enterprise-class accounting software for the real estate industry has released a new study of Real Estate brokerage profitability. The study analyzed Real Estate brokerage EBITDA margins from January to June 2024, focusing on 100 randomly selected companies known for maintaining accurate GAAP protocols
Real Estate brokerage Labor Cost Per Transaction Exceeds $900 thru mid-year 2024
AccountTECH has released a benchmark report detailing labor costs for the first six months of 2024. The analysis reveals that the average labor cost per transaction surpassed $900.
Real Estate brokerage CMOE runway forecasts continue to decline thru 2nd Qtr 2024
A review of Real Estate brokerage CMOE numbers across more than 100 companies nationwide shows that CMOE runway numbers continue to decline. This article includes instructions for calculating your CMOE.
Profitability forecasts in an era of declining commission percentages for Real Estate brokerages
A recent study finds that even minor decreases in the commission rates charged to sellers will make virtually all US real estate brokerages unprofitable.
Using Quickbooks with Excel spreadsheets will prohibit the growth of your Real Estate brokerage
The additional minutes per real estate transaction increases labor costs to a level that real estate companies cannot scale. This study executed time trials to determine exactly how much Quickbooks costs a typical Real Estate brokerage
What is the true value of a new recruit to a Real Estate brokerage ?
This study examined the average company dollar returned to a Real Estate brokerage's Gross Profit in the 1st year of a new recruit. It also looked at the percentages of recruits that produce nothing in their first year - and it examined the likelihood of recruiting higher producing agents and their net value to your company.
Top 5 Real Estate brokerage Closing departments in the US. How do they do it ?
We gathered the top 10 closing departments nationwide to see what they have in common. The staff in these closing departments close far more transactions per person per month than the national average.
Top Efficiency tip 4: Closers shouldn't make deposits
most Top producing Real Estate brokerage closing departments do not have the closing department staff do anything with deposits except double-check that they were done
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Occupancy costs are rising at Century 21 offices
The pandemic taught us that a Real Estate company can run virtually. So why is offices spending more on occupancy post-pandemic ?
The evolution of back office accounting software
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