About Estate Agent
A real estate agent is a licensed professional who either works for a brokerage or real estate firm to represent them in front of buyers and sellers. They specialize in either commercial or industrial or land, and also if they would work for a buyer or seller. Based on their choice, their work is defined. They have to make sure, regardless of on which side they are, that all transactions go smoothly. There fees are some percentage of the purchase price, making it dependent on the way they close the deal and at what price. A real estate agent needs to have knowledge about the laws, regulations, and the market at his location to make sure they do not mislead.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Estate Agent market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Keller Williams Realty (United States), Brookfield Asset Management (Canada), American Tower Corporation (United States), Prologis (united States), Crown Castle International (United States), Simon Property Group, Inc. (United States), Weyerhaeuser Company (United States), Equinix (United States), Equity Residential (United States) and Public Storage (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Alexandria Real Estate Equities (United States), AvalonBay Communities (United States), Digital Realty Trust (United States), Boston Properties (United States), EGRO (United Kingdom), VICI Properties (United States), CBRE (United States), Cushman Wakefield, Inc. (United States) and Realogy Holdings (United States).
Segmentation Overview
AMA Research has segmented the market of Global Estate Agent market by Type (Realtor, Broker and Other), Application (Buy Properties, Sell Properties and Rent Properties) and Region.
On the basis of geography, the market of Estate Agent has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service, the sub-segment i.e. Business to business will boost the Estate Agent market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Property, the sub-segment i.e. Residential will boost the Estate Agent market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
It Has Become A Necessity To Have A Home With Different Sets Of Amenities. and Migrations In Suburban Areas Have Raised A Bar In It Special Economic Zones And Better Educational Infrastructure.
Market Growth Drivers:
Government Policies And Subsidies Makes It More Convenient And Safe To Buy Real Estate., Banks And Other Financial Institutes Providing Better Interest Rates Allows Buyers To Have More Convenience To Choice The Right Property For Them., Having A Better Infrastructure Which Should Have Connectivity With Educational Institutes, It, Railways, Airport Etc. and Real Estate Market Being Not That Volatile Has Made In Clear To Be A Better Investment Option For Long Term.
Challenges:
Rates In Metro Cities Have Been On Rise And With The Rate Of Growing Population The Demand Is Shifting To Affordable Real Estate. and Process Of Project Approval And Permits.
Restraints:
Stringent Government Regulations Imposed On Real Estate.
Opportunities:
International Migration Has Increased Giving Rise To Real Estate Market. and Increase In Demand For Real Estate In Tier 1 And Tier 2 Cities.
Market Leaders and their expansionary development strategies
In October 2023, Dexters has acquired LiFE Residential, a multi-national estate agency specialising in lettings, property management and new home sales. The acquisition of LiFE Residential now gives Dexters a foothold in Asia.
In lone star state radius was launched becoming its fifth market in virtual real estate brokerage.
The Federal Fair Housing Act prohibits discrimination in real estate transactions on account of race, colour, religion, sex and national origin. See 42 U.S.C. §§ 3601-3631. Real estate brokers are specifically prohibited from discriminating by the act. See § 3606 of the act
Key Target Audience
Real Estate Developers., New Entrants and Investors, Cleaning Mops Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.