NRT LLC, the largest residential real estate brokerage company in the United States and a subsidiary of Realogy, announced its acquisition of Coldwell Banker United, Realtors in Florida, Texas, North Carolina and South Carolina on Tuesday. Coldwell Banker has 60 offices and 2,000 affiliated sales associates and will continue to operate under the Coldwell Banker brand.
“This announcement marks NRT’s entrance into important new markets and positions us to build on the success of Coldwell Banker United, Realtors’ strong leadership team and the quality of its affiliated sales associates and employees,” said Bruce Zipf, president and chief executive officer of NRT LLC, in a press release.
Eleven offices in the Florida Gulf Coast are part of the acquisition. The firm is ranked No. 1 in sales volume and transactions in Florida. NRT already has 75 offices and more than 4,800 agents affiliated with Coldwell Banker Residential Real Estate in Tampa/St. Petersburg, Sarasota/Bradenton, Fort Myers/Naples, Miami/Fort Lauderdale, Palm Beach, Melbourne and Orlando.
“This announcement positions the No. 1 Coldwell Banker independent affiliate to be part of the No. 1 residential real estate brokerage in the nation, and I personally take great pride in that,” said Coldwell Banker United, Realtors’ founder Richard Smith in a press release.
NRT LLC owns and operates companies in nearly 50 of the 100 largest metropolitan areas in the United States. It has approximately 795 offices and 47,000 independent sales associates.