The Real Estate Encyclopedia
HomeServices of America
Category - Home Purchase Facilitators - Financial & Mortgage

HomeServices owns and operates companies in 19 states with nearly 400 branch offices and more than 20,000 agents.  It boasts a fully integrated, full-service real estate business model; probably more so than any other company on the list.  The company has enjoyed huge successes in creating a one-stop shopping model offering brokerage services along with mortgage, title, escrow and insurance services. In 2006 they concluded 182,786 transactions with closed sales volume of over $58 billion.

 

Through MidAmerican Energy, HomeServices is also Berkshire Hathaway Company and thus part of the Warren Buffet family of businesses. The company is a member of Leading RE and its ownership structure is more akin to that of Realogy’s National Realty Trust (see below) than a franchise. Also, instead of building a national brand like most real estate companies and franchises do (e.g., Realogy, RE/MAX, Prudential, etc.), HomeServices has pursued an unconventional strategy of buying local real estate companies and keeping their brands intact. Thus the power of HomeServices’ business model lies within acquiring market-leading local or regional brands. For example they operate under such local names as: Edina Realty; Harry Norman Realtors; Reece and Nichols; Jenny Pruitt & Associates; and Realty South.

 

What makes HomeServices’ acquisitions even more interesting is that not only have they purchased what are commonly referred to as “independents” – companies that are not affiliated with a national real estate franchise – but have also included franchise companies such, as Prudential California Realty, Prudential Carolinas Realty and First Realty / GMAC, as part of their expansion.  


Leadership

Ron Peltier

CEO


Company Stats

Number of Offices: 390

Number of Sales Associates: 20,366

Sales Volume: $58,139,767,351

Ranking based on Sales Volume: 2

Number of Transaction Sides: 182,786

Ranking based on Transactions: 2

(Courtesy RIS Media Power Broker Survey)



Address

333 South 7th Street 27th Floor

Minneapolis
, MN 55402



External Links
www.homeservices.com
 
 
Category(s)
Real Estate Companies - Real Estate Franchises
Real Estate Companies - Real Estate Brokerage Companies
Home Purchase Facilitators - Financial & Mortgage
[edit]
Home   |   About Us   |   Contact Us   |   Patrons   |   FAQ's   |   Site Map
© 2008 - All Rights Reserved.
Thank you for visiting Real Estate Wiki - the leading dictionary, directory, encyclopedia and glossary for the real estate and mortgage industries .