December 16 2021
Lucidpress announced the results of a survey showing how well consumers could recognize top real estate brands, as well as how real estate professionals ranked the industry's branding as a whole.
When it comes to real estate professionals, they value their brand's position within the industry; they ranked it as the most important branding element of a real estate company's success, closely followed by user experience on the app or website. Only 11% of real estate professionals said the logo was the most important branding element for their company's success.
When it comes to consumers, logos are crucial for brand recognition. The majority of respondents were able to correctly identify top real estate brands like Coldwell Banker, Keller Williams, Berkshire Hathaway and RE/Max by their logo alone. However, some elements of the logo were more identifiable than others:
Century 21's recent rebrand didn't just throw off consumers. The majority (56%) of real estate professionals also did not think the rebrand was successful and expected consumers to be confused. The real estate professionals were also right about how well consumers know and can recognize these top brands: 84% of professionals believed consumers could recognize top real estate brands very well at a glance.
Coldwell Banker was the most recognizable brand with 91% correct answers.
Re/Max was the next most recognized for its trademark at 90%.
Berkshire Hathaway took the third spot with 84% of consumers recognizing its font.
Keller Williams came in fourth with 81% correctly identifying it by color scheme.
Century 21 was last due to confusion over the new logo, with only 30% of consumers identifying it correctly.