Real Estate brokers are finding a greater need to implement technology solutions to help them grow their business to succeed in a highly competitive industry. The reward for achieving success is not only increased revenue and agent loyalty, but also receiving recognition on industry leading lists such as the REALTrends 500 and the REALTrends Canadian 250.
The 2013 REALTrends rankings show that 36% of the top 100 Real Estate brokerages on the REALTrends 500 are members of the Leading Real Estate Companies of the World, better known as LeadingRE. LeadingRE is a global network of over 500 premier Real Estate firms with 4,000 offices and 120,000 sales associates in over 40 countries around the world.
"As a member of LeadingRE and Luxury Portfolios International, our brokerage strives to achieve excellence in all aspects of the Real Estate industry," said Gino Blefari, Founder, President and CEO of Intero Real Estate Services, Inc., ranked #13 on the REALTrends 500. "With technology in place to process our accounting, back office and agent management needs, we've been able to streamline processes and implement efficiencies in our offices that have allowed us to focus additional resources on developing our agents and growing our business."
A common competence sought in the Real Estate industry is a single point of entry between all brokerage systems. Siloization, a challenge in many industries that refers to 'the act or process of placing identical data into a multitude of separate electronic places or electronic containers, resulting in inefficiency of data altering and challenges with data integrity'*, is the barrier Real Estate brokerages seek to eliminate to improve their office efficiency and productivity.
The REALTrends rankings also show that the majority of top ranked brokerages across North America use back office management and accounting software developed by Lone Wolf Real Estate Technologies, a Cambridge, Ontario-based company. Lone Wolf is the leading and preferred supplier of Real Estate infrastructure for 55% of the top 100 U.S. brokerages on the REALTrends 500 and 94% of the top 100 brokerages on the REALTrends Canadian 250**.
"Lone Wolf continues to demonstrate our position as a leader in the Real Estate technology community and as a member of the growing technology sector. Our vision is, and has always been, to provide an enterprise framework for Real Estate brokers across North America to help increase profitability and improve office efficiency," said Lorne C. Wallace, CEO of Lone Wolf.
REALTrends, a Real Estate consulting and communication company, releases annual lists of the top performing brokerages in the U.S., the REALTrends 500, and Canada, the REALTrends Canadian 250. Each list is recognized as a leading source of analysis and information on the residential brokerage and housing industry.
**As ranked by the 2013 REALTrends 500 (excluding proprietary franchise systems) & REALTrends Canadian 250 (excluding Quebec).