Coldwell Banker United, REALTORS® Renews Long Term Franchise Agreement with Coldwell Banker Brand

COLUMBIA, SC – March 17, 2009 – Coldwell Banker United, REALTORS®, which has grown dramatically since affiliating with the Coldwell Banker® brand in 1986, has renewed its franchise agreement and will remain a Coldwell Banker affiliated company through at least 2020. Coldwell Banker United, REALTORS® is the largest affiliate within the Coldwell Banker system.

Coldwell Banker United, REALTORS®, under the leadership of Richard A. Smith, president and chief executive officer, has grown from a small operation in College Station, Texas, to being ranked as one of the top five real estate companies in the United States by REAL Trends. Today, Coldwell Banker United, REALTORS® has more than 2,400 sales associates working in nearly 80 residential offices in Texas, Mississippi, Alabama, Florida, North Carolina and South Carolina.

“I have worked with Richard and his management team at Coldwell Banker United, REALTORS® for many, many years and have always been so impressed with them,” Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate, LLC.  “They have done an amazing job of increasing the in brokerage company’s footprint, size, scope and profitability over the years, yet never wavered on their dedication to ensuring the needs of their sales associates and customers are met.  Richard is a leader in the Coldwell Banker system, and we are thrilled that he sees so much value in the brand.”

Jim Gillespie, President and CEO Coldwell Banker Real Estate LLC, Alex Perriello, President, Realogy Franchise Group and Richard Smith, President and CEO Coldwell Banker United, REALTORS®, signing a 10-year renewal.

Gillespie also pointed out that Coldwell Banker United, REALTORS® led the entire Coldwell Banker franchise network in 2008, which includes affiliated companies in 46 countries, in transaction sides and gross commission income. 

“I am as excited today as I was in 1986 when I first affiliated with Coldwell Banker,” Smith said.  “The brand has a rich history spanning 103 years, yet continues to lead our industry with innovation after innovation.  My management team and I have a responsibility to make certain that our sales associates have the best opportunity to grow their businesses while providing consumers with unmatched resources. There is no better brand than Coldwell Banker to help us achieve those goals.

About Coldwell Banker United, REALTORS®

Coldwell Banker United, Realtors® was founded in Bryan/College Station, Texas, by Richard A. Smith in 1970 and has grown to 80 residential and four commercial offices in six states with over 2,500 sales associates.  In 2007, the company was the number one affiliate in transaction sides among 1,232 independently owned and operated Coldwell Banker companies worldwide.  According to REALTOR Magazine, REAL Trends and RISMedia, three industry trade publications, the company in 2006, was ranked #8 among all U.S. real estate companies in transaction sides.  For more information, log on to www.cbunited.com. Coldwell Banker United, Realtors® is An Equal Opportunity Company. Equal Housing Opportunity.

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