The Swanepoel Power 200 ranks the most powerful leaders in the residential real estate brokerage industry as 2025 kicks off. Criteria used to rank leaders include the scope and power of leaders’ positions, the financial resources they have at their disposal, whether they have equity stake in their company, their trajectory and much more. For a detailed description of the careful methodology T3 Sixty used to determine the rankings, please see the methodology here.
The SP 200 reflects the relative power of leaders in the industry and is not a company ranking. Size and sales volume listed in bios provide framing and, while used to determine ranking, were just part of the data considered. Note that the numbers used in many of the bios reflect full-year 2024 data, as those are the only available across the board for all companies. Most companies have not completed their 2024 financials. When they do this spring, T3 Sixty will publish its annual ranking of the industry’s largest brokerages, brands and enterprises.
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Haase oversees strategy and operations for United Real Estate’s brokerage and franchise business. His efforts have seen rewarding growth. United Real Estate is now the nation’s 14th largest brokerage with more than 15,000 agents doing nearly $17 billion in annual sales. In 2024, the firm acquired two New Orleans-area firms as well brokerages in the Dallas-Fort Worth region, Naples, Florida and Huntsville, Alabama. Haase previously led Louisiana-based brokerage Latter & Blum from 2010 to 2018.
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Tushaus manages Re/Max Results whose agents in Minnesota and western Wisconsin do nearly $6 billion in annual sales. In 2024, the firm’s founder John Collopy retired and promoted his daughter Suzanne Bushard to the new role of president to work in tandem with Tushaus. Prior to becoming CEO in 2018, Tushaus held a variety of positions over 16 years with the company, most recently as chief operating officer.
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Brian Buffini leads business-building firm Buffini & Company, which he founded in 1996 to coach and train real estate professionals in securing more leads and sales. His brother, Dermot, has been company CEO since 2013. In 2024, the firm announced a new designation, Certified Full-Service Professional, to meet the shifting buyer agent dynamics. The firm reports it has worked with more than 3 million professionals in 45 countries.
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As CEO of BHHS Fox & Roach Realtors, Flick V leads over 4,500 agents in more than 75 offices in Delaware, New Jersey and Pennsylvania. Having spent his entire post-graduate career in mortgages and real estate, Flick became CEO in 2018. Flick also heads The Trident Group, an affiliated services company formed by his father before the real estate firm joined BHHS in 2013.
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As Chief Advocacy Officer at the National Association of Realtors since 2020, McGahn focuses on improving access to homeownership, ensuring fair housing for all and promoting NAR research to inform policymaking. In 2024, she worked with the Veterans Administration to revise its policies regarding direct payment for buyer representation and lobbied around the issue of independent contractor status. Before joining NAR in 2018 as its first woman executive of government affairs, she had a nearly two-decade Capitol Hill career.
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Wright serves as president of Majestic Realty Collective, a brokerage company that includes several Sotheby’s International Realty brokerages. LIV Sotheby’s International Realty is the collective’s largest firm – in total, the firm has 57 offices in five western states. All together Majestic Realty Collective is the 18th largest brokerage in the U.S. with over $11 billion in annual sales. Wright also serves as principal broker of the collective’s Summit Sotheby’s brokerage.
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As president, Waugh manages day-to-day operations of Coldwell Banker Affiliates with a focus on accelerating growth and enhancing services for the Coldwell Banker brand. Before taking the helm at Coldwell Banker Affiliates in October 2023, Waugh served as president of BHHS Northwest Real Estate and BHHS Real Estate Professionals. As steward of the Coldwell Banker brand, owned by Anywhere, Waugh reports to the parent company’s Liz Gehringer, the former president of Coldwell Banker Affiliates, and works in tandem with Kamini Rangappan Lane, who leads the company-owned offices branded to Coldwell Banker.
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Palmer runs Lake Mary, Florida-based LPT Realty, which he founded in 2021 with a high-growth capped brokerage model. Like other fast-growing brokerages, LPT Realty leverages revenue sharing, equity grants and a relatively low-cap commission model for agents. The cloud-based brokerage had reached 25 states by the end of 2023 and added 13 more in 2024. In December 2024, it acquired California-based Big Block Realty, which does over $3 billion in annual sales. Palmer also added Michael Valdes to the team in 2024 to expand LPT’s international presence. Before launching LPT Realty, Palmer founded mortgage company RP Funding, which he still runs as president.
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Adams became president of the HomeServices of America-owned brokerage Berkshire Hathaway HomeServices New England Properties in 2010. She added the CEO role in 2013. Now she oversees approximately 2,600 agents in 63 offices in Connecticut, Massachusetts, New York and Rhode Island. With over two decades at HomeServices of America, Adams in 2024 welcomed new residential agents and expanded the firm’s commercial presence in the Northeast region.
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Navab leads operations at Compass, one of the nation’s largest brokerages with more than 26,000 agents doing over $184 billion in annual sales. The company continues to find consistent profitability elusive, but did report its first profitable quarter in five years with a $21.1 million net profit in the second quarter 2024. As president, Navab brokered more acquisitions in 2024 in Tennessee, Arizona, Florida, and Louisiana (Latter and Blum). Before joining Compass in 2018, the second-generation real estate professional worked at Google in a division focused on building smart cities.
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Fregenal leads the publicly held, North Carolina-based Fathom Holdings, which integrates residential brokerage, mortgage, title and technology offerings. Fathom in November 2024 acquired Arizona-based My Home Group, one of the nation’s largest brokerages by sales volume, to expand its national footprint and grow its agent network 9% to 12,383. The company also revamped its agent commission plans to accelerate sustainable growth. Its new Fathom Max plan offers a transaction fee of $465 with a $9,000 annual cap while the Fathom Share plan features a 12% commission split with a $12,000 annual cap.
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Anton oversees the continued growth of the Corcoran Group real estate brand, whose affiliates do nearly $23 billion in annual sales. In 2024, Corcoran added several new offices, including first franchises in Mexico, Massachusetts, and Washington, D.C. The firm also joined sister company Sotheby’s International Realty in providing parent company Anywhere with positive year-over-year growth for the luxury unit. Anton was previously managing director of global services for five of six Anywhere Real Estate brands.
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Since co-founding Crye-Leike in Memphis over four decades ago with Dick Leike, Crye has built his firm into a Mid-South powerhouse. Its company-owned brokerage division has nearly 2,800 agents who do over $5 billion in annual sales across eight states. Crye oversaw the company’s navigation of the Gibson compensation case with the firm again seeking a court dismissal in October 2024 along with other defendants. The firm acquired another long-time Memphis competitor, The Garland Company, in June.
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As president and CEO, Cheatham leads an influential network of more than 60 large brokerages across North America. He has also been CEO of the Broker Resource Network, which he co-founded, since 2020. Cheatham, who has a reputation for real estate leadership and service, is also on the board of managers for the Broker Public Portal, the Real Estate Service Providers Council board, NAR’s Real Estate Services Advisory Board and the board of the St. Louis-based multiple listing system MARIS.
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Kinney leads the Miami Association of Realtors, the nation’s largest local Realtor association and operator of the U.S.’s fifth largest MLS with nearly 60,000 subscribers. The association has an expansive global real estate council with bilateral agreements with partners in more than 70 countries to provide resources, visibility and connections. In 2024, the association added data-share partnerships with First MLS, MLS Listings and Heartland MLS.
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Wilcox took the helm of Better Homes and Gardens Real Estate, which has more than 11,750 agents who do more than $23 billion in annual sales, in June 2023. Her 2024 focus was on preparing agents for discussions with consumers post compensation changes, expanding the brand’s reach and leveraging the connection to Dotdash Meredith (the publisher of Better Homes and Gardens). A third-generation real estate agent, Wilcox previously worked as co-CEO at RealSure, a joint venture of BHGRE’s parent company, Anywhere Real Estate, and HomePartners of America.
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Vidal leads ERA Real Estate, part of the Anywhere family of brands, and a top 15 franchise brand with almost 13,000 agents doing over $24 million in annual sales. He appointed Frank Malpica as ERA’s new senior vice president of Franchise Development, Mergers & Acquisitions in February. The company subsequently added new partners in Florida, Rhode Island, Minnesota, Washington and Texas. ERA also launched a new free, national coaching program for its agents and a new campaign targeting agent attraction. Vidal serves on the board of National Association of Hispanic Real Estate Professionals.
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Grant runs Florida Realtors, the nation’s largest state Realtor association, which has over 225,000 members. In 2024, the association grew its international partnerships with real estate associations in Canada and Argentina. Before becoming CEO in 2019, Grant served as chief operating officer and general counsel for the association.
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Tager runs real estate digital marketing company Ylopo, a popular tool for brokerages, teams and agents to grow their businesses and brands. The company’s outbound AI tool, RAIYA Voice, works to call and convert leads into appointments in conjunction with its text communication tool. In 2024, the firm added MaverickRE, a leading scoring and agent grading digital assistant, and an AI-driven coaching tool. Tager previously founded and ran lead generation service TigerLead Solutions, which Move Inc. bought in 2012.
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Mike Pappas oversees Florida’s largest independently owned brokerage with more than 3,500 agents who do over $7.5 billion in annual sales. The family-owned brokerage first launched in 1926 and is now under its fourth generation of family leadership. Mike’s daughter, Christina, who joined the company as an agent in 2011, became president in 2023. The firm settled the Gibson-Umpa commissions case in 2024 and moved on to add more than 300 agents with the acquisition of Coral Shores Realty.
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