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Realogy Holdings Corp. (NYSE: RLGY) stands as the leading and most integrated provider of U.S. residential real estate services. The company's diverse operations encompass franchise, brokerage, title and settlement businesses, and a mortgage joint venture. Realogy boasts a rich brand portfolio, featuring some of the most recognized names in real estate such as Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®.
Realogy leverages innovative technology, comprehensive data, and advanced marketing products to fuel the productivity of its independent sales agents. The company offers top-notch learning and support services and high-quality lead generation programs, helping agents build stronger businesses and best serve today’s consumers. Realogy’s affiliated brokerages are operational globally, with approximately 188,900 independent sales agents in the United States and over 122,400 agents across 113 other countries and territories.
Proudly headquartered in Madison, New Jersey, Realogy has been recognized for nine consecutive years as one of the World's Most Ethical Companies. Additionally, it has been designated a Great Place to Work and one of Forbes' Best Employers for Diversity.
Latest News:
On March 7, 2024, Sotheby's International Realty announced that Vista Real Estate in Northern California had joined its network, rebranding as Shasta Sotheby's International Realty. This addition signifies the brand's ongoing growth in California, marking its 111th office in the state. Owned by Chad Phillips, Shasta Sotheby's International Realty will serve four counties including Shasta, Siskiyou, Trinity, and Tehama. The firm aims to provide luxury service to clients across diverse real estate markets, from ranches to riverfront residences.
Sotheby's International Realty, founded in 1976, has developed a substantial global footprint with more than 1,115 offices in 84 countries and territories. The company supports its affiliates with extensive operational, marketing, recruiting, educational, and business development resources, benefiting from its association with the renowned Sotheby's auction house.
Realogy Holdings Corp (NYSE: RLGY) has announced a partnership with the National Association of Minority Mortgage Bankers of America (NAMMBA) aimed at enhancing career opportunities for real estate professionals from diverse backgrounds. The collaboration will provide free NAMMBA memberships for one year, along with specialized training and leadership development resources. This initiative aligns with Realogy's commitment to diversity and inclusion and aims to address the needs of a growing diverse homebuyer market, which accounted for over $292 billion in purchase opportunities in 2020.
Realogy Holdings Corp. (NYSE: RLGY) expands its real estate program RealSure to the Atlanta metropolitan area, providing home sellers with a 45-day cash offer as they work with participating agents. RealSure, operational in 12 U.S. markets, addresses common seller concerns about pricing and timing. Key features include Assured Close, extending cash offers for flexibility, and Flex Stay, allowing sellers to remain in their homes after closing for up to 30 days. This initiative aims to enhance the competitiveness of sellers in a fast-paced market.
Actor Bryan Cranston has listed his oceanfront home, "Three Palms," for $4.995 million with Coldwell Banker Realty. This Platinum LEED certified, approximately 2,450-square-foot property in Ventura, California, features three bedrooms, four bathrooms, and unique architectural elements. The home emphasizes sustainability, being a net-zero carbon footprint property, utilizing energy efficiency and solar systems. Cranston hopes the new owners will cherish the home and its beachfront location.
Coldwell Banker Realty's top team, The Smith Group, welcomes renowned real estate agent and investor Andy Dane Carter. Carter, recognized for his expertise in Southern California markets, joins to enhance marketing and client service. With over $3 billion in sales, The Smith Group aims to leverage Carter's digital marketing skills to expand their global reach. The partnership is expected to strengthen their position as the leading team in real estate, enhancing service and marketing strategies for clients.
Sotheby's International Realty announced a record US$150 billion in global sales volume for 2020, marking a nearly 32% year-over-year increase. The company adapted to changing market dynamics due to the pandemic, leveraging technology to enhance virtual tours and marketing. The brand opened over 50 new offices worldwide, expanding its presence to nearly 1,000 offices across 75 countries. Additionally, referral volume surged 42% to US$2.9 billion as affluent clients sought secondary homes.
Guaranteed Rate Affinity, a joint venture of Guaranteed Rate and Realogy Holdings Corp. (NYSE: RLGY), reported a record 2020, doubling its loan volume to over $13.4 billion. The surge in mortgage demand, attributed to historic low rates, propelled the company to fund loans across more than 39,000 units.
With a workforce exceeding 1,500, Guaranteed Rate Affinity achieved a 94% customer satisfaction score, highlighting its effective service. Investments in technology and a strategic partnership with Realogy contributed significantly to this success, demonstrating strong market growth.
Coldwell Banker Real Estate LLC, a Realogy brand (NYSE: RLGY), released "The Report: 2021 Global Luxury Market Insights," detailing trends and dynamics in luxury real estate influenced by the previous year's challenges. The report highlights surging demand for larger properties, with 55% of surveyed specialists noting increased interest in square footage. New buyers, termed Trailblazers, are shifting from urban areas to suburban and rural locales. Key markets like East Bay, Colorado Springs, and Fairfax County are identified as top performers.
Realogy Holdings Corp. (RLGY) reported strong financial results for Q4 and FY 2020, with Q4 revenue reaching $1.9 billion, a 36% increase year-over-year. Operating EBITDA for Q4 was $206 million, up 63%, driven by a 45% increase in closed transaction volume. For the full year, revenue hit $6.2 billion, a 6% rise, while Operating EBITDA totaled $726 million. Despite these gains, the company reported a $360 million net loss due to non-cash impairment charges. Realogy successfully improved its capital structure, reducing net debt by $493 million.
Cartus Corporation, a Realogy company (NYSE:RLGY), has partnered with Topia to enhance global talent mobility through automated compliance solutions. This collaboration aims to mitigate tax, immigration, and compliance risks for organizations with distributed workforces. By integrating Topia's Compass application into its relocation management services, Cartus offers clients a comprehensive approach to manage remote workforce complexities. The solution addresses issues like cross-border tax, payroll, and regulatory compliance, essential for navigating today's complex work environment.
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