(RISMedia-Norwalk, CT) -Coldwell Banker Schmidt REALTORS, headquartered in Traverse City, Michigan recently announced its ranking as the number 33 real estate firm in the United States in transactions, according to RISMedia's 27th Annual Power Broker Report. Coldwell Banker Schmidt REALTORS reported 10,958 closed residential transactions in 2014.
This year's Power Broker Report is based on responses to RISMedia's 2015 Power Broker Survey, distributed in early January. More than 1,000 real estate firms from across the country completed the Power Broker Survey, reporting a collective 3,203,736 closed residential transactions in 2014, accounting for a total $973,976,005,312 in sales volume.
Now in its 27th year, the Power Broker Report has long honored the incredible business feats of remarkable real estate leaders-and brokerage firms-who continue to shape our industry. Each April, RISMedia's Real Estate magazine highlights the Top 500 Power Broker firms according to sales volume and transactions.
RISMedia President & CEO John Featherston congratulated Coldwell Banker Schmidt REALTORS for their prestigious ranking in this year's Power Broker Report. "The firms represented are the nation's most elite brokerage firms serving literally millions of consumers with their real estate needs," Featherston said. "2014 was a growth year for many real estate firms across the country, as low inventory created a ripe environment for home sellers and move-up buyers, and continued low interest rates and rising rents enticed more new buyers to take action. As market dynamics continue to fluctuate, today's more knowledgeable, more tech-savvy real estate consumers will look to proven real estate firms and their agents to help guide them toward the best real estate decision. Being ranked in the Power Broker Report validates your firm's reputation as a trusted resource for today's homebuyers and sellers."
RISMedia's Annual Power Broker Report ranks firms by closed transactions and sales volume for the prior year. The Top 500 rankings appear in the April issue of Real Estate magazine and online atrismedia.com.The complete ranking of all firms that meet the criteria will be available in the 2015 Power Broker Report publication, available both digitally and in print this summer.
RISMedia's 27th Annual Power Broker Report & Survey is based on results garnered from a survey distributed via email and available online at rismedia.com. The survey ranks residential real estate brokerage firms according to closed transaction numbers and closed sales volume for the year 2014. All sales and transaction data is submitted directly by brokerage firms and verified by the firm's financial executives, outside accounting firms and /or corporate franchise headquarters.