Century 21 franchisor in China going public?
January 6, 2010
It was reported today on Blogging Stocks that the company with the exclusive franchise rights to the Century 21 brand in China, IFM, has started to fill out the needed paperwork to proceed with an IPO.
So far, IFM has the largest network of real estate offices in China, with more than 1,000 locations across 34 major cities. There are roughly 14,900 agents and staff, which manage 4.7 million property listings. With its heft, IFM is ranked #3 in terms of real estate volume in China.
Morgan Stanley and Goldman Sachs are reportedly the lead underwriters on the IPO.
Art Bartlett Co-founder of Century21 dies after long illness
January 3, 2010
According to a press release this morning, Century 21 co-founder Art Bartlett has passed away after a long illness at the age of 76.
“Art was a legend whose actions helped to write the very history of real estate and franchising,” says Century 21 Real Estate LLC President and CEO Tom Kunz. Bartlett created the concept of regional franchising and has been deemed the “father of conversion franchising” — converting existing small businesses into franchises.
“His vision, combined with his dynamic charisma and determination have positively touched the lives of generations of real estate brokers, agents and the millions of people for whom they help find homes globally,” adds Kunz.
Keller Williams Family Reunion 2010 Agenda
December 30, 2009
Keller Williams has announced the Agenda for their Family Reunion scheduled for February 20th through 24th in New Orleans, LA. While not all of the details on speakers are clear yet, they have an Agenda page on their website here that is to be updated as details are finalized.
The event is expected to draw thousands to New Orleans and provide much economic stimulus to the area. Convention Fees are currently $499.
REMAX Convention 2010 Orlando
December 26, 2009
RE/MAX International has set the schedule for their Convention 2010 in Orlando Florida. Details of the convention were provided here.
While the economy in general is expected to slow the convention and travel business overall quite significantly, the REMAX Convention is expected to be a good draw among RE/MAX associates worldwide. Aside from workshops on every real estate business subject imaginable, attendees are also scheduled to hear from Dave Liniger, co-founder of RE/MAX and the convention is scheduled to be headlined by Mary Matalin and James Carville.
Century 21 Enters Slovakia Market
December 8, 2009
According to this press release, Century 21 has entered the Slovakia market.
“I am both pleased and honored to welcome Daniel Bily, Henry Silva and the entire CENTURY 21 Slovakia team into our global network,” said Tom Kunz, president and CEO of Century 21 Real Estate LLC. “We look forward to seeing CENTURY 21 Slovakia grow and prosper as professional champions for home buyers and sellers in this dynamic market.”
RE/MAX and Heart Financial work to streamline short sales
October 21, 2009
In a press release, it was announced that RE/MAX International and Heart Financial are now working together to streamline the short sale process.
“It’s unfortunate that the Short Sale process has been so difficult to navigate in this marketplace,” says Dave Liniger, Chairman and Co-Founder of RE/MAX International. “We’ve been working hard to promote streamlined Short Sales to provide both significant benefits to lenders, and a welcomed opportunity for homeowners to get a fresh start.”
At-risk homeowners who do not qualify for a loan modification will now have a viable alternative, and will not be forced into foreclosure. Lenders that offer loan modifications to their at-risk borrowers will be invited to participate in this new Short Sale program.
Home Services of America on the Move in 2009!
October 4, 2009
HomeServices of America, Inc. Purchases Koenig & Strey
HomeServices of America, Inc. a Berkshire Hathaway affiliate has purchased Koenig & Strey GMAC Real Estate from Brookfield Asset Management and will operate as a franchise under the Brookfield Residential Property Services. This will give HomeServices of America, the second largest independent Real Estate Brokerage firm, a huge presence in the Chicago market.
Harry Norman Realtors combines with Jenny Pruitt & Assoc.
Harry Norman Realtors in Atlanta, the oldest brokerage in the area, is combining with Jenny Pruitt & Assoc. and will become an affiliate of Christie’s Great Estates. HomeServices purchased Jenny Pruitt & Assoc. in 2001 and Harry Norman Realtors in 2006. The 2 companies combined have approximately 1300 Realtors in the Atlanta area.
Berkshire Hathaway is not afraid to invest in Real Estate Services
It appears that Bershire Hathaway feels this is a good time to invest in Real Estate services judging by the recent growth of HomeServices of America, Inc which provides brokerage, mortgage, title, relocation, and insurance services.
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Remax Sues Las Vegas Realtor
July 14, 2009
It was only a matter of time before suits like this one would appear, given the rising popularity of internet marketing. According to the Las Vegas Sun, Cristine Lefkowitz a Las Vegas real estate agent with Prudential Americana Group, Realtors has been sued by RE/MAX International Inc. The company is accusing Lefkowitz of trademark infringement and “cybersquatting” for registering several Internet domain names using the RE/MAX name.
The suit details that Lefkowitz and her company, C. Rosa Inc., registered 50 domain names containing the Remax name like “remaxsouthkorea.com” and “remaxbrazil.com.”
Ms. Lefkowitz was surprised at the lawsuit and has stated that all but one of the domain names have already expired. You can read the rest of the article here The Man from Earth .
While still rare, lawsuit over domain names have been going on for quite some time. Last year Sarasota real estate agent Marc Rasmussen was sued by his own local real estate board
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RE/MAX Launches New Website
June 30, 2009
According to a recent press release from RE/MAX International the new site is “Clean. Simple. Smart. Powerful.” It’s been redesigned to make buying , selling, and managing real estate more intuitive with loads of new features and tools some of which include an easier way to search for homes, a RE/MAX agent or a RE/MAX office. Read more
Keller-Williams agents make a move to RE/MAX
June 17, 2009
It’s no secrect that the strongest marketing plan for recruiting agents to Keller Williams is, well, recruiting. KW pays agents, by way of profit sharing, for bringing on new agents. In theory it sounds great, and for some it is extremely profitable, but for one Keller Williams recruiter and coach it wasn’t enough. Genny Williams left Keller Williams in search of an office that “valued professionalism and talent as much as she did.”
Apparently she found what she was looking for in RE/MAX Adantage South because nearly 30 agents from her former KW office quickly followed her. Read more
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