HomeSmart International started off 2020 strong with a first quarter that saw significant increases in new agents and transactions, all while transitioning to operating 95 percent of their business remotely.
During Q1, HomeSmart International saw an increase of 300 agents since Q4 2019, boosting its nationwide network to more than 18,000 real estate professionals. The real estate franchisor also celebrated the opening of two new offices in New Hampshire and Rhode Island.
HomeSmart International also demonstrated significant year-over-year growth as the brokerage company saw a 30-percent increase in transactions and a 3-percent increase in the number of producing agents since Q1 2019.
“We are so proud of our organization and the hard work that has been put in so far this year from both our agents and our corporate employees,” stated HomeSmart International President Ashley Bowers. “There is no other 100-percent brokerage model like ours out there, and it is so exciting to see more and more agents joining HomeSmart and realizing what a difference being a part of our brokerage means for them and their businesses.”
Although Q1 took some unexpected turns near the end due to the COVID-19 pandemic, by early March, the brokerage had transitioned to operating 95 percent of their business remotely, while also making resources available for their agents, such as virtual open house training webinars and relevant marketing materials to help them quickly and efficiently transition their own businesses to this new and ever-changing landscape.
“HomeSmart’s brokerage model is one that is built for difficult markets,” said Bryan Brooks, HomeSmart International’s senior vice president of Franchise Sales. “No matter what happens with our economy and in our industry in the upcoming months, we are prepared to adapt and overcome any challenges that are thrown our way all while still providing our agents with 100-percent commission and the same level of support and innovation they have come to expect from us.”
The organization’s corporate-owned brokerage was recently ranked as the seventh most successful brokerage in the country by the RISMedia 2020 Power Broker Report and was joined by 13 other HomeSmart International franchises that made the list.
For more information, please visit www.homesmart.com.
