Palm Beach Realty Advisors, Inc. Forms Subsidiary Worth Avenue Property Management Group and Launches New Website

Worth Avenue Service with Wall Street Smarts

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Palm Beach Realty Advisors, Inc., www.PBRealtyAdvisors.com, a full service real estate brokerage firm, announced today that it has formed a new subsidiary to manage properties for investors and seasonal residents. The new subsidiary, Worth Avenue Property Management Group, Inc. ("Worth") is a full service property management company, servicing the South Florida market. Worth also launched its new website today, www.worthmanage.com.

Recently, Palm Beach Realty announced a 100% lifetime commission payout plan for new agents joining the firm and as a result has seen both its rental and property management business growth considerable.

The Worth website has unique features that enables the tenant community and owners alike to expedite various tasks. Moreover, it provides a wealth of information pertaining to all facets of renting and property ownership.

John Freeland, President of Worth Avenue Property Management, stated, "We have seen increasing demand from our clients to expand on our property management business, therefore we are responding to that need. We are in a challenging real estate environment and many property owners, including investors, are not in a position to sell their properties for a lost. There is a strong need at this time to bring efficiencies to the table and increase property cash flow. This is where we can benefit property owners the greatest. We have the skilled and experienced staff that understands the market and property management."

Mr. Freeland continued to state, "Those investors that are having difficulties renting their properties at this time are not alone, the rental market has shifted in certain areas of South Florida. We can help increase your occupancy level and your cash flow through our system and the various tactics that we employ. I encourage owners not to delay in changing management companies. Sometimes just a simple positive change can increase the bottom line significantly."

For two days, Thursday, July 10, 2008 and July 17, 2008 from 6pm to 8pm in its West Palm Beach Office, located at 5100 S. Dixie Hwy., Suite 6, West Palm Beach, 33405, the Company is having a cocktail party for those agents who want to know more about the 100% payout plan and for property owners who want to know more about Worth's property management services. The public is welcome to attend.

"I encourage those agents who want to work in an atmosphere of professional and family commitment to contact us and begin the journey of positive change. Ask us about our benefits," stated Ms. Lou Ann Barrette, Broker and COO of Palm Beach Realty Advisors.

Palm Beach Realty Advisors is recruiting agents who specialize in all areas of real estate, including: residential, commercial and investor, property management, international and out of area properties and rentals. Opportunities are also available for franchise offices in all areas of Florida. Agents have available to them various comprehensive packages that include, but are not limited to participation on mortgage business, referral and annuity program, insurance, office use, and marketing participation.

About Palm Beach Realty Advisors, Inc.

Palm Beach Realty Advisors, Inc. is a full service residential and commercial real estate brokerage firm headquartered in West Palm Beach, Florida with affiliate offices in Port St. Lucie, Florida and Los Angeles, California. In addition to real estate brokerage the firm offers mortgage services, special real estate advisory services and property management for investors through Worth Avenue Property Management. Additional information is available at www.PBRealtyAdvisors.com and for property management: www.WorthManage.com.

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