Virginia’s Long & Foster Cos. ranked third among top brokerages
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Long & Foster Real Estate, which bills itself as the largest independent residential real estate company in the U.S., said Wednesday that its parent company, The Long & Foster Cos. based in Chantilly, was ranked among the top brokerages in the nation based on a total closed sales volume in 2014 of $25.9 billion
In addition, the company was ranked as the third largest brokerage based on 72,340 closed transaction sides – the number of closed sales in which a Long & Foster sales associate represented the seller, the buyer or both parties.
REAL Trends 500, a source of statistical analysis for the residential real estate industry, published the annual ranking of top real estate brokerages. It identifies the 500 largest real estate brokerages in the U.S. ranked by closed transactions and closed sales volume.
“A large part of the continued success of the Long & Foster family is our investment in ensuring that our agents are armed with the very best tools, training and support in the industry so they can do what they do best – serve the needs of home buyers and sellers,” Jeffrey S. Detwiler, president and chief operating officer of The Long & Foster Cos, said in a statement.
Long & Foster Real Estate has more than 200 offices and represents more than 11,000 agents in seven mid-Atlantic states, plus the District of Columbia.
The company, which has a commercial business in addition to its residential side, said it sold more than $28.4 billion worth of homes and helped people buy and sell homes more than 80,000 times in 2014.
The combined sales and equivalents for The Long & Foster Cos. in 2014 were in excess of $49 billion.
The firm also is an affiliate for Christie’s International Real Estate throughout select parts of the mid-Atlantic and Northeast.
