Berkshire Hathaway HomeServices Towne Realty Named Leader in RISMedia’s 2015 Power Broker Report

BERKSHIRE HATHAWAY HOMESERVICES TOWNE REALTY RANKS AS ONE OF THE NATION’S TOP PRODUCING BROKERAGE FIRMS IN RISMEDIA’S 2015 POWER BROKER REPORT

RISMedia Power Broker Award(Virginia Beach, VA) – Berkshire Hathaway HomeServices Towne Realty, headquartered in Virginia Beach, VA recently announced its ranking as the number 168 real estate firm in the United Sates in transactions, according to RISMedia’s 27th Annual Power Broker Report. Berkshire Hathaway HomeServices Towne Realty reported 3,625 closed residential transactions in 2014, and a total sales volume of $1,009,180,968.

This year’s Power Broker Repor t is based on responses to RISMedia’s 2015 Power Broker Survey, distributed in early January. More than 1,000 real estate firms across the country completed the Power Broker Survey, reporting a collection 3,203,736 closed residential transactions in 2014, accounting for a total $972,888,910,471 in sales volume.

Now in its 27th year, the Power Broker Report has long honored the incredible business feats of remarkable real estate leaders—brokerage firms—who continue to shape our industry. Each April, RISMedia’s Real Estate magazine highlights the Top 500 Power Broker firms according to sales volume and transactions.

RISMedia President & CEO John Featherston congratulated Berkshire Hathaway HomeServices Towne Realty for their prestigious ranking in this year’s Power Broker Report. “The firms represented are the nation’s most elite brokerage firms serving literally millions of consumers with their real estate needs,” Featherston said. “2014 was a growth year for many real estate firms across the country, as low inventory created a ripe environment for home sellers and move-up buyers, and continued low interest rates and rising rents enticed more new buyers  to take action. As market dynamics continue to fluctuate, today’s more knowledgeable, more tech-savvy real estate consumers will look to proven real estate firms and their agents to help guide them toward the best real estate decision. Being ranked in the Power Broker Report validates your firm’s reputation as a trusted resource for today’s homebuyers and sellers.”

RISMedia’s  Annual Power Broker Report ranks firms by closed transactions and sales volume for the prior year. The Top 500 rankings appear in the April issue of Real Estate magazine and online at rismedia.com. The complete rankings of all firms that meet the criteria will be available in the 2015 Power Broker Report publication, available both digitally and in print this summer.

RISMedia’s 27th Annual Power Broker Report & Survey is based on results garnered from a survey distributed via email and available online at rismedia.com. The survey ranks residential real estate brokerage firms according to closed transaction numbers and closed sales volume for the year 2014. All sales and transactions data is submitted directly by brokerage firms and verified by the firm’s financial executives, outside accounting firms and/or corporate franchise headquarters.

About Berkshire Hathaway HomeServices Towne Realty

Virginia Beach-based Towne Realty, an affiliate of TowneBank, is a full-service real estate brokerage serving the Hampton Roads region of Southeastern Virginia. With 15 offices and nearly 500 agents, Towne Realty forges lifelong relationships with clients through honesty, loyalty, accountability and creativity. Visit www.bhhstownerealty.com for details.