Realty Executives International is pleased to announce it has completed the acquisition of the Realty Executives Great Lakes Region, a territory that includes Illinois, Indiana and parts of Michigan. The region has been directly transferred to Realty Executives from Bruce and Shannon Vinnick, who will continue to play an integral role in the Realty Executives business development strategy. In addition to selling franchises on the company’s behalf, the Vinnick’s will remain Realty Executives franchise owners in Florida.
With the holiday season approaching, it is highly important to not skimp on security. And if you’re planning on traveling during the holidays, you should feel some peace of mind knowing your home is safe while you’re away. Here are our top tips for keeping your home safe as you travel for the holiday season.
Realty Executives International announced today that it has expanded its partnership with Zillow, Inc., the leading real estate and rental marketplace in the U.S., to include listings from their Canadian franchises. The Canadian listings from Realty Executives will drive unprecedented global exposure to Canadian homes for sale to the millions of home shoppers that visit Zillow every month.
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Realty Executives International has acquired a 50% stake in Realty Executives Northern Arizona, buying out its two minority partners. This is the first move the parent company has made, as part of its investment strategy, by orchestrating a sizeable investment in an existing brokerage, making Realty Executives Northern Arizona the model for the organization’s partnership approach it plans to expand on a global scale.
“Part of our aggressive growth strategy is to make significant investments in our existing brokerages, infusing cash and resources to catalyze recruiting and expansion,” explains David Tedesco, CEO of Realty Executives International. “We have started this process in our own backyard with Realty Executives Northern Arizona, which has significant market share as well as strong leadership. We are excited about the significant growth potential as we join forces.”
Led by Broker/Owner Don Bonnell and Managing Broker Cynthia Yannitelli, Realty Executives Northern Arizona serves Prescott, Prescott Valley, Dewey, Chino Valley, Sedona, Cottonwood, Camp Verde, Verde Valley, Payson, Happy Jack, and cities throughout central and northern Arizona. Their brokerage has gained both national recognition by leading industry publications as well as the vote of local patrons. In November, Realty Executives Northern Arizona was again named “Best Realty 2017” by Quad Cities Business News for the fourth year in a row. But even with this success, the leadership believes they are just getting started.
“We have been the number one company for 11 out of the last 12 years in the Prescott area,” Bonnell said. “Realty Executives International taking an ownership stake in our business will enable us to ramp up our recruiting efforts and provide even better support and resources to our team of top performers.”
The first effort following the partial acquisition is an exclusive recruiting program offering benefits built for highly productive agents and teams. Realty Executives will be debuting this new model in the Northern Arizona market as part of the company’s Experience Freedom™ campaign, then expanding it across its global network.
Realty Executives agents close 47 percent more transaction sides than the industry average, according to RISMedia’s 29th Annual Power Broker Report (Top 500). This figure is up from last year’s study measuring Realty Executives as being 32 percent more productive than the average agent, again demonstrating that its high-performing network and culture continues to outperform the industry.
Realty Executives International is excited to announce the promotions of company leaders David Celaya to Vice President, and Alysia Heun to Vice President of Franchise Services.