“Market Cap $6.44 B As of May 2014
- Country: United States
- CEO: Richard A Smith
- Employees: 10,800
- Sales: $5.29 B
- Headquarters: Parsippany, New Jersey
- #1616 in Sales
- #1304 in Profit
- #1591 in Market value
Realogy Holdings Corp. is a preeminent and integrated provider of residential real estate services in the U.S. It operates through the following business segments: Real Estate Franchise Services, Company Owned Real Estate Brokerage Services, Relocation Services, and Title and Settlement Services. The Real Estate Franchise Services segment franchises the Century 21, Coldwell Banker, ERA, Sotheby’s International Realty, Coldwell Banker Commercial and Better Homes and Gardens Real Estate brand names. The Company Owned Real Estate Brokerage Services segment operates a full-service real estate brokerage business principally under the Coldwell Banker, ERA, Corcoran Group, Sotheby’s International Realty and CitiHabitats brand names. The Relocation Services segment primarily offers clients employee relocation services such as homesale assistance, providing home equity advances to transferees, home finding and other destination services, expense processing, relocation policy counseling and consulting services, arranging household goods moving services, visa and immigration support, intercultural and language training and group move management services. The Title & Settlement Services segment provides full-service title, settlement and vendor management services to real estate companies, affinity groups, corporations and financial institutions. The company was founded on December 14, 2006 and is headquartered in Parsippany, NJ.”
“Realogy Holdings History
Realogy was created as a result of an October 24, 2005 announcement by Cendant that it had decided to split into four separate companies, citing a necessity to diversify in appealing to stockholders and in an attempt to increase the value of the post-split up company. These four categories include “Real Estate, Travel Distribution, Hospitality and Vehicle Rental Companies.”
On July 31, 2006, the separation was completed, and Realogy became a self-operating company. Subsequently, the Cendant name has been completely retired.
On December 18, 2006, Realogy announced it had accepted a $8.5 billion buyout offer from private equity group Apollo Management. The transaction closed on April 10, 2007.
On October 10, 2012, Realogy became a publicly owned company. In its initial public offering (IPO), the company sold 40 million shares at $27 each, raising $1.08 billion (US).
Realogy’s business units include Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group, ERA, Sotheby’s International Realty, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy’s franchise system members operate approximately 13,600 offices with 247,000 sales associates doing business in 104 countries and territories around the world. In 2013, Realogy earned $5.3 billion in revenue.
Realogy is led by Chairman, CEO & President Richard A. Smith. Smith was appointed to the Bipartisan Policy Center’s newly formed Housing Commission in December 2011.Smith also was named among SmartMoney magazine’s “Power 30: The World’s Most Influential Players,” in October 2011.In January 2014, he was named the Most Powerful Person in Residential Real Estate Brokerage according to the inaugural Swanepoel Power 200 rankings.
Realogy’s former headquarters was located in Parsippany, New Jersey, before April 2013, when the company moved its corporate headquarters to a new facility at 175 Park Avenue in Madison, New Jersey.
In March 2014, Realogy was recognized as a 2014 World’s Most Ethical Company by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, the third consecutive year in which it has received this honor.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “Realogy“