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Respondents ranked merging corporate cultures as the bigget challenge to work through after an acquisition or merger.
More than three-fourths of respondents believe that there will be more consolidation among the large commercial real estate services firms.
Respondents were balanced in their assessment of whether the recent round of consolidation among brokerages was a net positive or negative for the industry.
Respondents ranked “assurity in closing deals,” “access to markets” and “quality of deals” as the most important factors when working with brokerage firms.
Respondents said full-service real estate companies are the most preferable firms to work for. Franchises came in as the least preferable.
Nearly three-fourths of respondents had worked for more than one brokerage firm in their careers. Just under half of respondents have worked for three or more firms.