Real estate companies in Dallas: CBRE, the REITs on Crescent Court and LBJ Freeway, and the licensed market

Dallas County is where real estate companies keep their headquarters. Its real estate establishments average 9.2 employees, about twice the figure in Houston or Atlanta, because the payroll of firms like CBRE and Invitation Homes sits here.

Market report5 min readPublished

CBRE Group, the largest US real estate company by revenue ($40.6 billion in 2025), is headquartered in Dallas, along with Invitation Homes ($2.73 billion), Ashford Hospitality Trust and NexPoint Residential Trust. Dallas County has 4,048 real estate establishments with paid employees, employing 37,117 people (Census, 2023), and the Texas Real Estate Commission lists 1,608 active broker companies and 11,942 sales agents in the county.

  • CBRE reported $40.6 billion of 2025 revenue and more than 155,000 employees, from its head office on North Pearl Street.
  • Three real estate establishments in Dallas County have 1,000 or more employees, as many as in the whole state of Florida.
  • Residential property managers in Dallas County average 19.7 employees per office, against 9.2 across the Houston metro.
  • Brokerage offices here pay an average of $100,916, against $86,312 across the Houston metro.
  • Texas license holders must give the Information About Brokerage Services notice at the first substantive conversation about a property.
On this page

Google's results for "real estate companies in Dallas" mix Dallas-Fort Worth home brokerages, commercial tenant-rep firms and a real estate CRM vendor, so this search comes from home buyers and sellers, businesses looking for space, people who want to work in real estate, and vendors who sell to the industry. This page covers each: the companies headquartered here, the market in Census and state licence data, how to vet a firm, what Texas requires of sellers' agents, and how to prospect. The Census figures cover Dallas County only; Collin, Denton and Tarrant counties are outside them.

Real estate companies headquartered in Dallas

SEC-registered listed companies with real estate codes and a Dallas County business address, ranked by 2025 revenue and checked against each latest Form 10-K:

CompanyWhat it doesHeadquarters2025 revenue
CBRE GroupCommercial real estate services2121 North Pearl Street$40,550.0 million
Invitation HomesSingle-family rental REIT5420 LBJ Freeway$2,729.3 million
Ashford Hospitality TrustHotel REIT14185 Dallas Parkway$1,104.4 million
Braemar Hotels & ResortsLuxury hotel REIT14185 Dallas Parkway$704.0 million
NexPoint Residential TrustApartment REIT300 Crescent Court$251.3 million
NETSTREITNet lease retail REIT2021 McKinney Avenue$195.0 million
NexPoint Diversified Real Estate TrustDiversified REIT300 Crescent Court$86.0 million
FrontView REITNet lease REIT3131 McKinney Avenue$67.1 million
American Realty InvestorsApartment and land owner1603 LBJ Freeway$50.0 million
Transcontinental Realty InvestorsApartment and land owner1603 LBJ Freeway$49.1 million

The filings show how differently these firms are staffed. CBRE had more than 155,000 employees worldwide at the end of 2025, including Turner & Townsend. NETSTREIT had 29 full-time employees and FrontView 22. One company that EDGAR data places in Dallas, Fermi Inc., gives Amarillo on its 10-K cover, so it's left out. Compare them with the rest of the country in the biggest real estate companies in the US.

Dallas County in Census data

County Business Patterns (CBP) 2023, real estate (NAICS 531), Dallas County, Texas:

Measure (2023)Dallas County
Establishments4,048
Employees37,117
Annual payroll$3,465,750,000
Employees per establishment9.2
Average annual pay$93,374
Share of US real estate establishments0.98% of 414,824
EmployeesEstablishments
1 to 42,929
5 to 9617
10 to 19273
20 to 49122
50 to 9949
100 to 24935
250 to 49914
500 to 9996
1,000 or more3
Type (NAICS 2017 code)EstablishmentsEmployeesAverage pay
Lessors: landlords, equity REITs, self-storage (5311)1,55211,410$94,339
Agents and brokers (531210)1,2977,697$100,916
Residential property managers (531311)60211,854$67,631
Nonresidential property managers (531312)2814,159$111,245
Other services: escrow, listing services (531390)2461,038$243,966
Appraisers (531320)70not reported (high-noise figure)not reported

Average pay is our calculation: payroll divided by employees. The appraisers' employee count is published but flagged as high-noise: confidentiality noise moved it by 5% or more.

CBP counts establishments with paid employees, so a headquarters office counts once however many sites the company runs, and self-employed agents are left out. The small "other services" group has very high average pay, which suggests a few highly paid offices; treat it with care. Homebuilders and land developers are classified in construction. For the code a firm should use, see the NAICS code for property management.

Licensed brokers in Dallas County

The Texas Real Estate Commission (TREC) publishes its full licence register as open data. Active licences in Dallas County in the file updated 29 October 2026: 1,608 broker companies, 3,603 individual brokers and 11,942 sales agents, out of 13,809, 33,490 and 140,919 statewide. Against 1,297 brokerage establishments with paid staff, the register shows how many firms run on commission agents alone.

How to vet a Dallas brokerage or manager

  1. Look up the agent and the company on TREC's licence holder search, and check both are active.
  2. Expect the IABS notice. TREC requires license holders to give the Information About Brokerage Services form at the first substantive communication about a specific property (with exceptions such as short residential leases), and to link it from their website's home page. If it's missing, ask why.
  3. Ask a manager about scale. Dallas residential managers run large teams; ask who your day-to-day contact is, how many doors that person handles, and how after-hours repairs work.
  4. For office or industrial space, ask whether the broker represents only tenants or also the landlords whose buildings they'll show you.

Selling a home in Dallas

  • Check the appraisal district record. The Dallas Central Appraisal District publishes appraised values and property records; know yours before you set a price.
  • Fill in the Seller's Disclosure Notice. Texas sellers of a previously occupied single-family home must give the buyer TREC's form 55-1, which covers the property's condition and history.
  • Negotiate the listing terms. Since 17 August 2024, buyer-agent pay can't be offered on a Realtor MLS, and buyers sign their own agreements before touring; the National Association of Realtors' settlement notes say compensation is "not set by law and is fully negotiable."
  • Read the IABS notice your listing agent gives you, so you know whom they represent if they also show the home to buyers.

Prospecting Dallas real estate companies

Dallas is unusual in having head offices whose buying covers portfolios well beyond the county, so one Dallas account can open a national contract. Most of the market, though, is local brokerages and managers.

Illustrative example. The company, rates and results are invented.

Trinity Air Service (trinityair.example) offers HVAC maintenance plans to apartment managers. It targets the residential managers in Dallas County with 20 to 999 employees: 33 + 13 + 10 + 6 + 3 = 65 offices (the 1,000-plus cell for this type isn't published). With three contacts each (owner or president, director of maintenance, regional manager), that's 195 people. A 5% reply rate gives about 10 conversations, and if one in three agrees to a pilot community, about 3 pilots. Bebop finds managers like these and writes the account research for each. For brokerages, where agents often buy their own tools, see selling to real estate agents.

Trigger email after a new community
Subject: HVAC at [community]

Hi [first name], congratulations on taking over [community]. New portfolios usually come with a backlog of HVAC work orders before summer. We can survey every unit in the first two weeks and give you a fixed monthly plan, so your team isn't chasing vendors in July. Worth a 15-minute call this week?

Sources

SourceWhat it gives you
TREC licence holder searchStatus of any agent, broker or company
TREC licence holder dataThe full register, filterable by county
Dallas Central Appraisal DistrictAppraised values and property records
NTREISNorth Texas Real Estate Information Systems, the regional MLS
Dallas Regional ChamberRegional business network and data

For every industry in the county, see companies in Dallas, and for the Gulf Coast market, real estate companies in Houston.

Next step: find the right person at each account with how to find decision makers.

Sources

Written by the Bebop team at Blackpearl Group. Published .

Questions people ask

What is the biggest real estate company in Dallas?

CBRE Group, headquartered at 2121 North Pearl Street, is the largest by far: its 10-K reports $40.6 billion of 2025 revenue and more than 155,000 employees worldwide. The largest Dallas-based REIT is Invitation Homes, a single-family rental company with $2.73 billion of 2025 revenue, followed by Ashford Hospitality Trust at $1.10 billion.

How many real estate companies are in Dallas?

Census County Business Patterns counted 4,048 real estate establishments with paid employees in Dallas County in 2023, employing 37,117 people. The Texas Real Estate Commission's register lists 1,608 active broker companies in the county as of 29 October 2026. Neither count covers the suburbs in Collin, Denton or Tarrant counties.

How many real estate agents are in Dallas County?

TREC's licence register, updated 29 October 2026, lists 11,942 active sales agents and 3,603 active individual brokers in Dallas County. Statewide, Texas has 140,919 active sales agents and 33,490 individual brokers. The county is the one on each licence holder's record.

What is the IABS form in Texas?

Information About Brokerage Services is a TREC notice explaining whom a license holder represents. License holders must give it at the first substantive communication with a party about a specific property, with exceptions such as residential leases under a year, and must link to it from their website's home page. Expect it before you discuss price or terms.

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