Century 21 Real Estate Expands Leading Global Real Estate Network With Addition Of CENTURY 21 Guyana

Rhea-AI Summary

Century 21 Real Estate LLC has announced its expansion into Guyana, marking it as the 84th country in its global network. Afa Jamal Zada has signed a 25-year franchise agreement to develop the brand in Guyana, focusing on recruiting agents and establishing an office. The region has experienced substantial growth, with open offices increasing by 18% and the number of agents rising by 25% from July 2019 to July 2020. Executives see this expansion as a significant milestone and anticipate positive reception from local homebuyers and sellers.

Positive

• Expansion into Guyana signals growth potential for Century 21.
• 25-year franchise agreement signed, ensuring a long-term commitment.
• Guyana's real estate market shows significant growth with +18% open offices and +25% increase in agents.

Negative

• None.

MADISON, N.J., Sept. 9, 2020 /PRNewswire/ -- Century 21 Real Estate LLC, franchisor with the largest operating global network in the residential real estate industry, announced today its expansion into the Republic of Guyana, making CENTURY 21 Guyana the 84^th country to call the CENTURY 21^® brand home. Afa Jamal Zada, a real estate industry and business development specialist, signed an exclusive 25-year franchise agreement to develop the CENTURY 21 brand throughout the Republic of Guyana. Afa, who is currently recruiting affiliated agents, and conducting due diligence and site selection for an office location, looks forward to leveraging the world-class marketing, agent learning and coaching, technology, and productivity platform provided through her affiliation with Century 21 Real Estate.

"The entire country of Guyana as well as the northern mainland of South America is growing, and by affiliating with the CENTURY 21 System, I see an amazing opportunity to grow with it," explained Zada. "After a long deliberation, I know that I made the right decision to affiliate with Century 21 Real Estate because there isn't another real estate company that offers you a value proposition for growth that they do."

The news of the addition of CENTURY 21 Guyana builds upon the year-over-year growth of CENTURY 21 South America overall. Comparing July 2019 to July 2020, this region saw significant increases in their business, including:

1. Open Offices -- (308 / 363, +18%)
2. Number of Agents – (4,188 / 5,218, +25%)

"Entrepreneurs worldwide are recognizing that our efforts to win by perfecting the real estate experience is a path forward that is relevant and resonates with consumers and industry professionals," added Mike Miedler, president and CEO of Century 21 Real Estate LLC. "Extending the brand's presence in the Republic of Guyana is an exciting new milestone for our brand. We look forward to Afa Jamal and her team going above and beyond as they deliver 121% to Guyanese homebuyers and sellers."

To view the property listings from the other 83 countries and territories affiliated with Century 21 Real Estate LLC, go to century21.com/global. To learn more about the CENTURY 21 value proposition, or to join the ranks of the relentless, please go to www.century21.com/about-us/contact.

About Century 21 Real Estate LLC
The approximately 147,000 independent sales professionals in approximately 12,600 offices spanning 84 countries and territories in the CENTURY 21^® System live their mission every day: to defy mediocrity and deliver extraordinary experiences. By consistently chasing excellence, giving 121% and always elevating, the CENTURY 21 brand is helping its affiliated brokers/agents to be the first choice for real estate consumers and industry professionals worldwide. Century 21 Real Estate has numerous websites to help answer specific consumer needs. They are century21.com, century21.com/global, century21.com/commercial,
century21.com/finehomes and century21.com/espanol.

Century 21 Real Estate LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.

©2020 Century 21 Real Estate LLC. All Rights Reserved. CENTURY 21^®, the CENTURY 21 Logo and C21^® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

Contact:
Peter L. Mosca
Century 21 Real Estate LLC
Phone: 973.407.5180
Email: peter.mosca@century21.net 

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SOURCE Century 21 Real Estate LLC

FAQ

What is the significance of the Century 21 Guyana expansion?

The Century 21 Guyana expansion establishes the brand's presence in a growing real estate market, aiming to attract new agents and clients.

Who has signed the franchise agreement for Century 21 in Guyana?

Afa Jamal Zada has signed a 25-year franchise agreement to establish Century 21 in Guyana.

What growth did Century 21 South America experience recently?

From July 2019 to July 2020, Century 21 South America saw an 18% increase in open offices and a 25% increase in the number of agents.

How many countries does Century 21 operate in now?

With the addition of Guyana, Century 21 operates in 84 countries.

What future does Century 21 see in the Guyanese real estate market?

Century 21 anticipates a positive reception and growth opportunities in the Guyanese market.