June 16, 2009 // Franchising.com // PARSIPPANY, N.J. -- Century 21 Real Estate LLC, the franchisor of the world's largest residential real estate sales organization, has announced its expansion in Asia Pacific with the signing of a master franchise agreement to open CENTURY 21® franchises in Thailand. With this agreement, Kitisak Jampathipphong, is chief operating officer and master franchisor of the CENTURY 21 System for Thailand.
"Thailand has been quite successful in improving its economy and increasing its role in the world economy," said Tom Kunz, president and CEO of CENTURY 21 Real Estate LLC. "The potential for growth opportunities in this dynamic marketplace are unlimited. We are honored to welcome Kitisak Jampathipphong and CENTURY 21 Thailand into our global network."
The agreement represents a further expansion into Asia Pacific for the brand. The CENTURY 21 System in Asia Pacific, now spans China, Hong Kong, Indonesia, Japan, South Korea, Singapore and Taiwan.
"With the CENTURY 21 brand, we will be able to take advantage of a global network and bring in the technology and know-how to implement state-of-the-art real estate transaction services in Thailand," said Jampathipphong. "Given our existing customer base, team experience and support from the CENTURY 21 System, we are confident that we are well positioned to quickly become a leading brokerage in Thailand."
Century 21 Real Estate LLC, the franchisor of the world's largest residential real estate sales organization, providing comprehensive training, management, administrative and marketing support for the CENTURY 21 System. The System is comprised of more than 8,000 independently owned and operated franchised broker offices in 68 countries and territories worldwide. Century 21 Real Estate LLC is a subsidiary of Realogy Corporation, the world's largest real estate franchisor.
© 2009 Century 21 Real Estate LLC. CENTURY 21® Is A Registered Trademark Licensed To Century 21 Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each CENTURY 21 Office is Independently Owned and Operated.