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Recreation, Entertainment Franchises
The U.S. residential real estate brokerage and management industry includes approximately 130,000 businesses with combined annual revenue of approximately $125 billion.
Population growth drives the demand for real estate with the profitability of residential real estate brokerage and management businesses dependant on the demand for properties and volume of transactions that they can handle.
Major services include leasing residential units to tenants (45 percent of industry revenue), real estate brokerage (40 percent) and property management (15 percent). Many businesses provide multiple services such as leasing residential units to tenants as well as managing them. Residential real estate leasing involves connecting property owners with tenants as well as properties that they own themselves.
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