[1]Coldwell Banker Residential Real Estate’s Parent Company, NRT LLC, Gets #1 Ranking.
Coldwell Banker Residential Real Estate, Florida, announced today that its parent company, NRT LLC, was again ranked the No. 1 residential real estate brokerage firm. The firm was ranked No. 1 in the U.S. in RISMedia’s 22nd annual Power Broker Report. The reports is available online at http://rismedia.com/ [2] and appears in the April 2010 issue of RIS Media’s Real Estate magazine. This is the thirteenth consecutive year in which NRT earned the top spot nationwide for both closed sales volume and closed transaction sides, posting approximately $107 billion in closed sales volume and handing 274,179 sides.
“As part of NRT, we are well-positioned to leverage the national strength of this powerful brokerage company locally for the benefit of our clients and communities,” said Clark W. Toole, III, president of Coldwell Banker Residential Real Estate, Florida. “As the market leader, we take pride in our ability to combine our deep knowledge of the markets we serve with the cutting edge technology and resources NRT provides to create exceptional real estate experiences for our customers,” added Toole.
If ranked separately, Coldwell Banker Residential Real Estate in Florida would have been the 4th largest residential brokerage company on the Power Broker list last year based on number of transaction sides completed. With 87 offices and 4,800 sales professionals serving Florida, Coldwell Banker Residential Real Estate, Florida accounted for $7.95 billion in closed sales volume and 38,975 closed transaction sides in 2009. A transaction side is either the buyer side or the seller side in a real estate transaction. Brokerage companies receive commissions from representation of either one or both sides of a transaction.
Coldwell Banker Residential Real Estate is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT has approximately 760 offices and 46,000 sales associates operating in more than 35 major metropolitan areas. A subsidiary of Realogy Corporation, NRT operates Realogy’s company-owned real estate brokerage offices.
[3]