Fathom Moves Up Six Places in the Rankings
The RealTrends 500, a leading industry report of the performance of the top residential brokerages, has named Fathom as an industry Top Mover for 2023. Fathom jumped six places to rank second among the leading firms that reported the largest growth in transaction sides from 2021 to 2022. The company also placed fourth overall in sales volume growth for the year among the Top Movers.
Fathom ranked as the fourth largest Public Independent Brokerage, another notable category, up from sixth place last year. These firms ranked by 2022 transaction sides are publicly traded, corporately owned, and do not franchise.
“Of the top 25 RealTrends 500 brokerage firms by transaction sides, seven are considered low-fee or low-cost firms. Low-cost or low-fee firms charge a flat fee to the agents, or have higher splits to the agents, than traditional firms,” notes the Real Trends analysts. Of those firms, Fathom Holdings outperformed the other 100% commission brokerages in transaction growth in 2022.
“Fathom brings something special and unique to the residential real estate market. We offer agents all the tools, technology, training, and resources our larger traditional peers do, but at an industry-leading flat fee commission split to agents,” says Joshua Harley, Fathom’s Chief Executive Officer. “With our focus on servant leadership, our agents often say that they join Fathom for the higher income but stay for the culture.”
“Our model resonates more than ever during this period of increasing inflation and interest rates when agents struggle to generate leads and close sales,” continues Harley. “These rankings validate our business model and demonstrate Fathom’s ability to grow throughout various real estate cycles. Since our founding more than ten years ago, we have done great things, but our opportunities and ability to serve agents have become even more substantial.”
Read the full press release HERE.