Coldwell Banker United, Realtors Renews Long Term Franchise Agreement With Coldwell Banker Brand

March 18, 2009 // Franchising.com // Parsippany, N.J. -- 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," said Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate, LLC. "They have done an amazing job of increasing the 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."

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®

Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2008, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the ninth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,500 residential real estate offices and 105,300 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge ® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.

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