How are agencies ranked in the Find Agents search results?

How are Commercial Real Estate agencies ranked in the Find Agents search results?

Agencies are displayed in search results based on the location of the properties for which they currently have a live listing

A live listing is when it's marked as For Sale, For Lease, Sold, or Leased. Also, if it's an active Business For Sale listing.
It does not include listings that have been archived/withdrawn.

The agencies listed in the search results are ranked from the most live listings to the least.