PARENT COMPANY OF COLDWELL BANKER RESIDENTIAL BROKERAGE RANKS #1
Company Earns a Top Spot in Prestigious "Real Trends 500" Annual Report
WASHINGTON, D.C. (Grassroots Newswire) - Coldwell Banker Residential Brokerage's parent company, NRT LLC, was ranked as the No. 1 residential real estate brokerage firm in the United States based on sales volume and transaction sides in the May 2008 REAL Trends 500 report. This marks the 11th year that NRT attained this honor.
With 66 offices and more than 3,600 sales professionals in the mid-Atlantic region, Coldwell Banker Residential Brokerage accounted a large portion of NRTs sales volume and transactions during 2007.
If REAL Trends separately ranked NRT's local markets, Coldwell Banker Residential Brokerage in the mid-Atlantic region would have placed among the top 10 companies in REAL Trends 500 list.
"Coldwell Banker Residential Brokerage and NRT is honored to be named as top residential real estate brokerage firm by a publication as prestigious as the Real Trends 500," said Paul Valentino, president of Coldwell Banker Residential Brokerage in Greater Washington. "Through NRT, we have the ability to provide the tools, technology and educational training to be even more competitive and to position our sales professionals as full-service consultants. As the market leader, we will continue to focus on creating exceptional real estate experiences for our clients and communities."
Now in its 20th year, the REAL Trends 500 presents the results for the largest residential real estate services firms in America in 2007. The report is compiled and distributed by REAL Trends, Inc., a publishing and communications company considered to be a leading source of analysis and information on the residential brokerage industry.
Coldwell Banker Residential Brokerage, a leading residential real estate brokerage company in the mid-Atlantic, operates 66 offices with more than 3,600 sales associates serving the communities of the Greater Washington, D.C. Metro area, Maryland and Delaware. Coldwell Banker Residential Brokerage, www.cbmove.com, is part of NRT LLC, the nation's largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy's company-owned real estate brokerage offices.
Coldwell Banker Residential Brokerage is a member of the NRT family of companies. Operating in 35 major metropolitan areas, NRT is the nation's largest residential real estate brokerage company with approximately 940 offices, 56,000 sales associates and 7,500 employees as of December 31, 2007. In 2007, NRT, a subsidiary of Realogy Corporation, posted more than $174.2 billion in closed sales volume. Realogy is a leading global provider of real estate and relocation services.