Press Release

Weichert Real Estate Affiliates Promotes Stovall and Holst

MORRIS PLAINS, N.J. -- Weichert Real Estate Affiliates, Inc., the rapidly growing franchise arm of Weichert, Realtors®, has announced two promotions in its Southeastern Region.

• Shawn Stovall was appointed Area Vice President.  In his new position, Stovall will work closely with Senior Vice President Bill Scott on the continued expansion of the franchise organization in the Carolinas, Virginia, Tennessee, Georgia, Alabama, Kentucky, and Mississippi.  Earlier this year, Stovall was honored for bringing the most new franchises to the Weichert® organization in 2005.  Prior to his promotion, he served as Senior Director, Franchise Affiliation.  Stovall joined the Weichert franchise in 2002.

• John Holst was named to the new position of Senior Director of Franchise Sales. Holst recently was honored as the franchise arm’s top “gross commission income” producer in 2005 – the second consecutive year he was so recognized.  Holst joined Weichert Real Estate Affiliates in 2003 to direct sales in the central and northern regions of Florida.  Previously, he was Director, Regional Development.  

“Shawn and John have the leadership skills, expertise, and energy to help us take our four-year-old organization to new heights,” said Martin J. Rueter, president of Weichert Real Estate Affiliates. “We look forward to the even greater impact they can exert in their new positions.”

The Weichert Family of Companies is one of the nation's largest privately owned providers of real estate and home ownership services.  Home to more than 4,600 sales associates among its franchised sales offices, Weichert Real Estate Affiliates launched its first independently owned and operated franchise in January 2002 and since has grown to more than 225 signed offices in 20 states.  It was the only real estate organization to be named in the Top Ten New Franchises 2005 by Entrepreneur Magazine and also was on the magazine's list of Top 100 Fastest Growing Franchises.

Weichert has more than 18,600 sales associates in over 415 company-owned and franchised sales offices in key markets throughout the U.S.  A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance.  For more information, call Weichert's customer service center at 1-800-USA-SOLD, or visit Weichert's Web site, www.weichert.com.  Each Weichert franchised office is independently owned and operated.