Memphis Business Journal by Ed Arnold, Editorial intern

Date: Friday, July 6, 2012, 2:28pm CDT


Memphis real estate agent Jimmie Tapley has been ranked 13th in terms of transaction numbers in a report by The Wall Street Journal and RealTrends.


In WSJ's "The Thousand" publication, which ranks real estate professionals by transactions and volume, Crye-Leike Realtors agent Tapley had 437.5 transaction sides.


A transaction side is defined as either working as the buying agent or the selling agent. If an agent worked as both the buyer's agent and the seller's agent, it counts as two transaction sides.


Nine other agents from Tennessee cracked the top 250, but Tapley was the only agent from the Memphis area.


In total transaction volume, fellow Memphis Crye-Leike agent Judy McLellan ranked 181st with a total volume of $57 million.


It's an impressive showing for the Crye-Leike organization. Company president Dick Leike believes that it al boils down to a solid work ethic.


"They knew exactly what they're doing," Leike says. "I'd put them up against the best agents in the world. Both of these agents work extremely hard."


Despite being in a very difficult period, Leike feels good about the direction the market is headed.


"We see some positive influences affecting the market right now," Leike says. "A lot of my agents are saying they see a tremendous amount of activity going on right now."


Leike says that Crye-Leike's May sales were up considerably and estimated that June would be an increase of more than 20 percent over the same period last year.