For the past 5 years, Realtrends.com and the Wall Street Journal have partnered up to create The Thousand. The Thousand is a set of 4 lists that rank the top real estate agents. The 4 lists are
- Top 250 based on the number of individual transaction sides
- Top 250 based on individual transaction volume
- Top 250 based on the number of transaction sides for a team
- Top 250 based on transaction volume for a team
For some clarification, there are two “sides” to every transaction, a buyer’s side and a seller’s side. Therefore, it is possible for one agent or team to have two “sides” on one deal. A team referrers to “two or more licensed sales associates… who combine sales for awards or commission sharing in any fashion”. Individuals do not share commission or awards with anyone else. Lastly, individuals or teams had to pay a $25 submission fee to be considered for the top 1000.
My personal favorite is to look at the top individuals in terms of volume. These are the real top producers who bring in an exorbitant amount of cash.
Thos numbers are mind boggling. John Burger did a larger amount of volume in real estate transactions than the Marshall Islands’ GDP. At a 2.5% commission clip, that would be about $7,000,000. Not a bad year.