Thursday, May 31, 2012

Real Trends 500 Ranks Realogy Subsidiary NRT as No. 1 Residential Real Estate Brokerage for 15th Consecutive Year

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May 03, 2012 11:29 ET

Real Trends 500 Ranks Realogy Subsidiary NRT as No. 1 Residential Real Estate Brokerage for 15th Consecutive Year

PARSIPPANY, NJ--(Marketwire - May 3, 2012) - NRT LLC was ranked as the nation's No. 1 residential real estate brokerage company in the REALTrends 500 report. On a pro forma basis, NRT's 2011 sales volume of $108.9 billion is approximately three-and-one-half times higher than its next closest competitor, and greater than the combined sales volume of the next 13 competitors on the list. NRT also ranked No. 1 in closed sales transactions with 255,410 sides in 2011, which surpassed the aggregate total of the next five competitors on the list. This is the 15th consecutive year in which NRT was ranked No. 1 in both sales volume and transaction sides by REAL Trends.
"Being ranked as the top residential real estate firm in the country underscores the tremendous efforts our sales associates and employees put forth every day to deliver an excellent customer experience," said Bruce Zipf, president and CEO, NRT LLC. "We are proud of our 2011 results and look forward to demonstrating our continued leadership in 2012, both on a national level and in the local markets that we serve."
The REAL Trends 500 is an annual research report that identifies the country's largest and most successful residential brokerage firms as ranked by closed sales volume and separately by closed transaction sides. REAL Trends, Inc. is a leading source of analysis and information on the residential brokerage and housing industry.
NRT owns and operates approximately 725 offices and has 41,500 sales associates in 35 major metropolitan areas. NRT, its affiliated companies, marketing partners or joint ventures also provide mortgage, title, insurance, escrow, warranty, relocation and concierge services to NRT's family of companies.
A subsidiary of Realogy Corporation, NRT operates Realogy's company-owned real estate brokerage offices under the world-renowned brand names of Coldwell Banker®, Coldwell Banker Commercial®, ERA®, Sotheby's International Realty® and The Corcoran Group®. Realogy is a leading global provider of real estate and relocation services.

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