Tag Archives: HomeServices of America

ReeceNichols Real Estate Creates Initiative to Serve Growing Hispanic Community in Kansas and Missouri

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ReeceNichols Real Estate, the top-ranking real estate company in the Kansas City metropolitan area, is launching an initiative to serve the growing Hispanic community in Kansas and Missouri. This initiative stems from ReeceNichols’ ongoing commitment to serve, reflect, and grow with Kansas City.

President and CEO Mike Frazier stated, “Homeownership is a fundamentally important and rewarding experience. At ReeceNichols, we are committed to serving all members of the communities in which we operate, not only through assisting them with the home buying and selling process, but also through education on how to become a homeowner and how to grow and protect their home and its value. We recognize the complexity of this industry and understand the importance for Hispanics to connect and be accurately informed in their language of preference. Let’s find home together!”

ReeceNichols Real Estate is a Berkshire Hathaway affiliate and a wholly-owned subsidiary of Berkshire’s HomeServices of America, Inc.

Leading ReeceNichols’ initiative is Community Affairs Director, Fabián Gayosso-González. Born and raised in Mexico City, Fabián earned a Bachelor of Arts in International Relations and has worked, among other companies, for the Consulates of Mexico in Kansas City and El Paso, Texas and at a marketing firm that focuses on the Latin market. He specializes in strengthening community partnerships and building strategic alliances to develop, implement, and promote programs and strategies aimed to improve the living standards of the communities.

“With a team of bilingual agents that speak our language (Spanish) and breathe our culture, ReeceNichols is ready to guide Latinos to a rewarding experience, help them reach their goals and get them to the place we all want to be: Home. As an immigrant myself, I understand the various challenges that people, regardless of their cultural, religious or socio-economic backgrounds, face outside their homeland. I am thrilled to lead this initiative at ReeceNichols to strengthen the communities we serve,” Gayosso said.

Although the focus will initially be on the local Hispanic community, this foundation will allow ReeceNichols to better reflect our current and evolving community within our agent population, leadership and client base. We realize our business is based on relationships and that every individual interaction makes a difference. We are committed to being a trusted resource for both our agents and the community and to ensuring exceptional service and a transparent process.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

RLAH Real Estate Hailed as “Fastest Growing Companies”

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RLAH Real Estate, which operates real estate brokerage with five locations throughout DC, Maryland and Virginia, has been named one of Washington Business Journal’s Fastest Growing Companies in the Greater Washington area.

The Washington Business Journal honors companies with at least three years of consecutive revenue growth for their annual Fastest Growing Companies awards.

In order to qualify, companies must have more than $2 million in revenue in 2015 and more than $10 million in revenue in 2017.

The annual awards presentation will be held on November 1st, where the ranking of each company on the list will be announced and awarded.

RLAH Real Estate is part of a Network brand of HSF Affiliates, LLC, which is majority owned by Berkshire Hathaway’s Home Services of America, Inc.

© 2018 David Mazor


Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

ReeceNichols Real Estate Opens New Branch Offices in Southern Missouri

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Kansas City’s top residential real estate brokerage, ReeceNichols Real Estate, continues to grow, opening two new branch offices in southern Missouri. The new offices, in Houston and Rogersville, Missouri, are officially open for business.

ReeceNichols Real Estate is a Berkshire Hathaway affiliate and a wholly-owned subsidiary of HomeServices of America, Inc.

“We are excited to continue expanding our reach in southern Missouri,” President and CEO Mike Frazier said. “We saw the opportunity for growth in these burgeoning markets, and we will be able to provide the consumers in the market with the best home buying and selling experience through our innovative suite of offerings.”

Located 19 miles southeast of Springfield, Rogersville has grown considerably in the last two decades. The office is located at the corner of W. Center Street and S. Mill Street. Meanwhile, the Houston office, located off US Highway 63, between the well-traveled US Highway 60 and Interstate 44, was formerly Bartlett Real Estate.

Shaun Duggins, president of ReeceNichols’ southern region, is the managing broker for the Houston office, and Rick Witeka, general manager of ReeceNichols’ southern region, is the managing broker for the Rogersville office.

“I am thrilled to service these markets under the ReeceNichols brand,” Duggins said. “I look forward to helping our agents grow their business and succeed in these untapped areas.”

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Rebhan & Associates Joins Berkshire’s Real Living Real Estate Brand

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Real Living Real Estate, one of the nation’s leading real estate franchisors and a member of the HSF Affiliates LLC family of real estate brokerage franchise networks, today announced that Rebhan & Associates has joined the network and is operating as Real Living Carolinas Real Estate.

Real Living Real Estate is a network brand of HSF Affiliates LLC, whose parent company is HomeServices of America, Inc., a Berkshire Hathaway affiliate.

Rebhan & Associates remains independently owned and operated by real estate veterans James and Kathleen Rebhan and serves buyers and sellers in the counties of Mecklenburg, Union, Iredell, Gaston, Cabarrus, Lancaster and York.

Kathleen Rebhan said joining the Real Living brokerage network was a natural choice as both organizations share a common philosophy focused on the needs of clients. “Real Living is the most recognized and highest-rated brand among the only group that counts – consumers,” she said. “As a brokerage, we understand that leveraging the Real Living brand name, as well as the support of its parent companies, would position the company competitively in the Charlotte market.”

In 2017, Real Living network brokers and agents earned an unprecedented 98% customer satisfaction rating for 2017, according to independent ratings service Quality Service Certification, Inc. (QSC).

Jim Rebhan added that the brand will appeal to buyers throughout the bustling Charlotte area. “We believe that people moving to the Carolinas will place more value on a brand that connects with clients and the reasons they move,” he said. “Charlotte is a world-class leader in financial services and other industries, and an incomparable hub of opportunity for families and individuals looking to call the region home.”

Rebhan added that the collaborative efforts provided by Real Living will allow Real Living Carolinas Real Estate agents to provide an even higher level of service to clients while encouraging new agents to join the firm. With their network membership, the brokerage also gains access to Real Living’s customized tools and resources.

“Real Living Carolinas Real Estate brings a unique consumer-centric approach that strongly aligns with the Real Living brand,” said Allan Dalton, chief operating officer of Real Living Real Estate. “The brokerage accepts that as lifestyle advisors they’re doing more than marketing homes, but instead marketing overall lifestyles. To many people in the region, and particularly Charlotte, the Carolinas represent where real living begins.”

Real Living Carolinas Real Estate is highly specialized in residential and commercial real estate, relocation services, property management, REO and short-sale transactions. The company also boasts a Senior Preferred Services Division and is recognized as a certified diversity supplier for real estate services for the Charlotte metropolitan area.

Kathleen Rebhan believes the brand will have particular appeal among the company’s home-selling clients. “A major reason why we joined Real Living has to do with their innovative and client-centric approach to marketing homes, specifically through the Real Living Customized Home Marketing SystemSM. The system and our agents focus on personalizing a plan, not only for each individual property, but also how it celebrates and promotes the overall lifestyle of each home for sale. This is a true departure from our industry’s one-size-fits-all approach to home marketing,” she said.

The full-service brokerage is proud to be nationally certified as a Women’s Business Enterprise.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

ReeceNichols President Becomes CEO

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Mike Frazier, ReeceNichols president and chief financial officer, has assumed the role of chief executive officer and president. Linda Vaughan, former CEO, will serve as Chairman Emeritus through the remainder of 2018.

ReeceNichols is a wholly-owned subsidiary of Berkshire Hathaway’s HomeServices of America.

“Having worked closely with Mike over the last 11 years, I know he has the skill and drive to lead ReeceNichols to new levels of success,” Vaughan said. “He has a passion for our team, and I am excited to see the bright future that lies ahead for ReeceNichols under Mike’s leadership.”

Frazier joined ReeceNichols in 2007 as CFO and chief operating officer. In January 2018, he was named president of the organization. During Mike’s tenure, ReeceNichols has expanded geographically in Kansas City and southern Missouri and has grown in market share.

In 2017, ReeceNichols guided over 20,000 families and individuals through the home buying and selling process.

“Linda and I have worked together for many years, and her strategic insight and vision have been at the center of ReeceNichols’ continued success,” Frazier said. “I look forward to leading ReeceNichols to its next stage of growth and performance, supported by our talented agents and world-class management team.”

“Linda’s leadership helped guide ReeceNichols to become a leading real estate company. On behalf of HomeServices, we thank her for her many contributions, and we wish her well as she enters this new chapter of her life,” said Greg Mason, president, Midwest Region. “Mike brings exceptional leadership qualities to ReeceNichols and the HomeServices executive team, and we look forward to continuing to work with him in the months and years to come.”

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

HomeServices of America Acquires Berkshire Hathaway HomeServices Ambassador Real Estate

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Berkshire Hathaway’s HomeServices of America has acquired Berkshire Hathaway HomeServices Ambassador Real Estate as well as an ownership interest in Ambassador Title Services. Financial terms of the transaction were not disclosed.

Headquartered in Omaha, Nebraska, Ambassador Real Estate serves the Omaha, Lincoln, Council Bluffs, Fremont, and Dundee communities with 630 sales associates operating in five sales offices. In 2017, Ambassador closed more than $2.1 billion in sales volume.

Led by its president Vince Leisey, Ambassador Real Estate has experienced year-over-year market-share growth and is widely recognized for its progressive and collaborative culture. In 2017, the company was ranked in Entrepreneur Magazine and CultureIQ’s Top Company Cultures list as the 12th best company culture in the United States in the large-company category.

Leisey is among the real estate industry’s most recognized and charismatic leaders and is known for his inspirational leadership style and approach to driving employee and agent engagement and productivity through one-on-one coaching, teamwork, and communication. Along with his existing executive team and sales managers, he will continue to lead Ambassador Real Estate’s strategic planning and growth initiatives as well as manage the company’s day-to-day operations.

“I am thrilled to join HomeServices’ family of companies. When you combine the exceptional culture that is the core of Ambassador’s productivity and success with HomeServices’ commitment to delivering exceptional service to its buyers and sellers and its unsurpassed growth opportunities, there is no limit to what we can accomplish,” said Leisey.

“Vince brings strategic vision, an innovative spirit and proven leadership qualities and, together with his team of sales managers and agents, has built an extraordinary organization,” said Ron Peltier, HomeServices’ chairman and CEO.

“Developing strategies that drive innovation and productivity across HomeServices’ family of companies is key to our mission of delivering value to our agents and consumers,” added Peltier. “We look forward to working with Vince and his team and are very proud to welcome them to HomeServices.”

The acquisition further expands HomeServices’ presence in the Omaha and Lincoln, Nebraska markets, which include Omaha-based CBSHOME and Lincoln-based Woods Bros. Realty and HOME Real Estate. They will continue to operate as independently-branded companies in their respective markets.

With this transaction, HomeServices has nearly 43,000 real estate professionals operating in nearly 900 offices across 30 states. In 2017, the company’s associates facilitated over $137 billion in residential real estate sales and nearly 360,000 transactions (including the 2017 and 2018-to-date acquisitions pro-forma), further strengthening HomeServices’ position of becoming the nation’s largest real estate brokerage company based on transactions.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

HomeServices of America Acquires Largest Private Residential Real Estate Company in Texas

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Berkshire Hathaway’s HomeServices of America, Inc. has acquired the Ebby Halliday Companies, the largest private residential real estate company in Texas by sales volume.

The acquisition includes Ebby Halliday’s three real estate brands—Dallas-based Ebby Halliday, REALTORS® and Dave Perry-Miller Real Estate along with Fort Worth-based Williams Trew Real Estate—and their affiliated mortgage and title companies. Ebby Halliday’s portfolio of companies will continue to operate under their current brand names.

Financial terms of the transaction were not disclosed.

Headquartered in Dallas, Ebby Halliday Companies serves metropolitan Dallas-Fort Worth and surrounding communities with approximately 1,800 sales associates and staff operating in 35 offices across 12,000 square miles in North Texas. Ebby Halliday is the 12th largest residential real estate company in the United States by sales volume and the 17th largest by transaction sides, according to the 2017 REAL Trends 500 report. In 2017, the company closed $8.0 billion of sales volume.

Founded in 1945 as a one-woman, one-office firm by industry visionary Ebby Halliday, the firm has grown to become one of the nation’s foremost full-service real estate companies. The Ebby Halliday name is synonymous with providing clients the highest level of customer service, local expertise and resources, all delivered by a team of knowledgeable agents using the firm’s innovative technologies. Mary Frances Burleson, president and CEO and Ron Burgert, the company’s chief financial officer will continue to lead the firm’s strategic growth initiatives and manage day-to-day operations together with their sales management teams.

Also announced was the formation of the Ebby Halliday Foundation. Building on a lifetime of service by the foundation’s namesake and the simple saying she lived by, “Do something for someone every day,” the nonprofit organization will continue Ebby’s legacy of service to North Texas.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

ReeceNichols Real Estate Number One for 17th Consecutive Year

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ReeceNichols Real Estate, a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, was ranked number one in the Kansas City Business Journal’s “Top Area Residential Real Estate Firms” list for the 17th consecutive year.

The company had $4.78 billion in closed residential volume in 2017.

ReeceNichols has over 2,300 REALTORS® operating from 18 offices in the metropolitan area and 29 franchise offices across Kansas and Missouri.

“We attribute our continued success to our commitment to providing our agents with innovative programs and resources,” CEO Linda Vaughan said. “By equipping our over 2,200 agents with the tools they need to succeed, we are able to best serve the people of Kansas City — an honor we don’t take lightly. In 2017, we added resources allowing agents to use our data to generate and convert more leads than ever before and created a revamped mentorship program.”

In addition, five ReeceNichols Alliance office locations made the “Top Area Residential Real Estate Firms” list. Fourteen ReeceNichols agents and teams earned spots on the “Top Residential Real Estate Agents and Teams” list, including the top two spots. Reece Commercial Real Estate also ranked #10 on the “Top Area Commercial Real Estate Firms” list and #8 on the “Most Active Commercial Real Estate Firms” list.

“Our agents guided more than 17,000 Kansas City families through their home ownership journeys in 2017,” President Mike Frazier said. “We look forward to continuing this tremendous growth in 2018 — in the first quarter alone, we’ve introduced automated marketing services, a comprehensive social media academy and additional Certified ReeceNichols Consultant courses. These offerings, alongside our state-of-the-art website and cutting-edge tools, allow ReeceNichols agents to better serve the people of Kansas City and beyond.”

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

HomeServices of America Acquires Largest Private Residential Real Estate Company in the United States

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Berkshire Hathaway’s HomeServices of America, Inc. has acquired The Long & Foster Companies, Inc., the largest private residential real estate company in the United States by sales volume.

The acquisition includes Long & Foster’s family of companies, including Long & Foster Real Estate and its market-leading affiliated business lines in mortgage, settlement services, insurance, and property management. Financial terms of the transaction were not disclosed.

In 2016, Long & Foster Real Estate had nearly $29 billion in sales volume and more than 81,000 home sale transactions; Prosperity Mortgage originated $3.3 billion in home loans, representing nearly 12,000 mortgages; Long & Foster’s settlement services companies closed over 20,000 title and escrow transactions; and Long & Foster Insurance issued approximately 8,300 property and casualty insurance policies.

Headquartered in Chantilly, Virginia, Long & Foster Real Estate is the largest independent residential real estate brand by volume and the second largest independent brand by units according to the 2017 REAL Trends 500 report.

The company has approximately 11,000 agents in over 230 offices serving buyers and sellers in major markets across the Mid-Atlantic and beyond, including Virginia, Maryland, the District of Columbia, West Virginia, North Carolina, Pennsylvania, Delaware, and New Jersey.

Founded in 1968 by Wes Foster and Henry Long, Long & Foster’s family of companies has grown to become one of the nation’s foremost real estate and financial services companies. The Long & Foster name is synonymous with providing clients the highest level of customer service, local expertise, and resources, all delivered by a team of knowledgeable agents using the firm’s renowned innovative technologies and data-driven insights.

Wes Foster will remain with the company as Chairman Emeritus. Jeff Detwiler, Long & Foster’s current president and chief operating officer, will assume the role of chief executive officer and, together with the existing team of enterprise and business line leaders, will oversee growth initiatives and continue to manage day-to-day operations.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Intero Commercial’s Efi Luzon Named the #2 Individual Sales Agent for Transaction Volume in REAL Trend’s “The Thousand”

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Efi Luzon, senior vice president of Intero Commercial was recently named the number two individual sales agent for transaction volume in the nationwide REAL Trend’s “The Thousand” announced on June 23, 2017.

David Troyer and his team of REALTORS from Intero Real Estate Services’ Los Altos office were named the twenty-seventh team for transaction volume.

The awards program acknowledging the most accomplished one thousand agents was developed in conjunction with the Wall Street Journal, Custom Studios, and REAL Trends, a leading source of analysis and information for the residential and commercial real estate brokerage industry. REAL Trend’s “The Thousand” recognizes individuals and teams who exhibit superior performance, oftentimes, as mentioned on REAL Trend’s website, “nearly 20 times” that of their peers. Categories consist of total number of real estate transactions, total transaction volume, and average sales price, over a year period. The REAL Trend’s “The Thousand” report, verified by an independent third party, reveals Efi’s total transaction volume as $834,574,000 and the Troyer Group’s total transaction volume as $311,727,034.

Efi’s and David’s career performance that led to this recognition comes as no surprise to the many colleagues who have seen firsthand their accomplishments.

After many years of witnessing Efi’s consistent performance in negotiating complex multi-million dollar deals, John Thompson, Intero COO, says, “Efi truly deserves this acknowledgement. The sheer number of successful deals throughout his career in real estate is testimony to Efi’s exceptional negotiation skills, his amazing patience and fortitude, and his ability to understand and expertly manage the intricacies of complicated transactions.”

Intero’s president and CEO, Tom Tognoli, comments, “I watch David and his team with amazement. They’re a powerhouse of resolve and business savvy with every real estate transaction. I am grateful to have such accomplished REALTORS and teams as part of Intero. Efi and David are models of the type of business ethics and commitment level Intero strives for and comes to expect from every realtor. We couldn’t be happier for all our agents that made the list!”

Additionally, Intero Real Estate saw many more of their own agents recognized this year in “The Thousand.” “We would also like to acknowledge other exceptional individuals and teams from Intero that made the top 1000,” Tom Tognoli continues. “We’re so proud of each and every one, and we will continue to support them all to keep reaching significant milestones in their careers at Intero.”

Agents and teams from Intero who cleared the top 50 of the prestigious The Thousand:

∙ #2 Individuals by Transaction Volume Efi Luzon
∙ #27 Teams by Transaction Volume The Troyer Group

Intero individual agents and teams who made The Thousand’s top 250:

∙ #162 Teams by Transaction Volume Tse Group
∙ #201 Individuals by Transaction Volume Valerie Mein
∙ #247 Individuals by Transaction Volume Greg Goumas

Intero Real Estate Services is a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America Inc.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.