Press Release

Weichert Realtors Invites in Local Brokerages as Part of Expansion Effort

11/19/2008

-- One of the nation’s largest privately-held real estate companies sees opportunity

for expansion in current market --

MORRIS PLAINS, N.J.– The current economy poses major challenges for many companies. Real estate brokerages are no exception.  Many small and medium-size brokerages are finding it difficult to stay afloat. As one of the nation’s largest privately-held real estate companies, Weichert, Realtors is seeking brokerages interested in joining their leading company as a way to survive the challenges of the current market. 

 

“The current issues facing real estate brokers today are greater than at anytime in recent memory,” said James M. Weichert, president and founder of Weichert, Realtors. “Even some of the best run and well-established brokerages are finding out that they don’t have the resources to weather the storm.”


Historically, challenging markets have presented an opportunity for larger brokerages that have the resources to invest in their long-term growth. Since its inception as a one-office brokerage in 1969, Weichert, Realtors has grown to be a national real estate company by both acquiring small and regional brokerages and through organic growth.

 

Currently, Weichert is searching for companies that will both increase their presence in existing markets and fuel their expansion in new markets.


“Joining Weichert offers a brokerage the chance to become part of our team and benefit from a winning approach based on the proven infrastructure and systems that has fueled our growth and success now for nearly 40 years,” added Weichert. “Brokerages can also feel good knowing they’ll be part of a company that will provide the highest quality of service to the existing clients and communities they have served.”


Brokerages interested in learning more about joining Weichert can contact Bill Spadea, vice president of business development, at 973-397-3556 or bspadea@weichertrealtors.net.


Weichert has nearly 18,000 sales associates in more than 500 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, Weichert's customer service center can be reached at 1-800-USA-SOLD or at Weichert's Web site, www.weichert.com.  Each Weichert franchised office is independently owned and operated.

 

###