Realty Executives International Announces New Master Franchise Agreement in Southeast Asia
New agreement includes five new countries being added to the company’s worldwide presence.
PHOENIX - (BUSINESS WIRE) - Realty Executives International is pleased to announce its recent worldwide expansion by signing a master franchise agreement for Southeast Asia. The new agreement will encompass the major business markets of Thailand, Malaysia, Singapore, Vietnam and Hong Kong. The Realty Executives Southeast Asia master region was acquired by Gary Pundsack and Bill Chambers’ holding company TREBCO | Global.
“In recent months we’ve seen an influx of interest in this area, but we selected TREBCO | Global as the master franchisors for Realty Executives in Southeast Asia because we feel [Gary] and [Bill’s] business model aligns perfectly with our core values and growth initiatives”
“We’re excited to have two such enthusiastic and goal-oriented individuals as a part of our company working to grow the brand and help consumers meet their real estate and investment needs in Southeast Asia,” said Rich Rector, owner and executive chairman of Realty Executives International.
Pundsack, chairman and chief executive officer, and Chambers, vice chairman, have compiled an aggressive growth plan for the expansion of the Realty Executives brand in Southeast Asia. The pair's first priority will be to establish the Realty Executives brand in both Hong Kong and Singapore by identifying potential acquisitions or joint ventures in those areas. Their growth strategy includes opening multiple offices overseas in the next five years.
“The real estate industry today is experiencing a huge paradigm shift in how business is being conducted. Our goal is to lead the way in real estate brokerage operations by being ahead of the curve and providing cutting-edge technology and office design solutions for the productive real estate agent,” said Pundsack.
Pundsack and Chambers’ plans include the integration of dynamic architectural design options which will draw agents and consumers alike into their brokerage offices. They also plan to open offices in premier locations with high retail activity. In addition to their strategic approach at location selection, Realty Executives Southeast Asia will focus heavily on utilizing the Realty Executives International systems and tools to provide technology platforms to meet the needs of both franchisees and consumers.
“In recent months we’ve seen an influx of interest in this area, but we selected TREBCO | Global as the master franchisors for Realty Executives in Southeast Asia because we feel [Gary] and [Bill’s] business model aligns perfectly with our core values and growth initiatives,” said Bryan Brooks, senior vice president of business development for Realty Executives International.
In addition to acquiring the master franchise rights for Realty Executives in Southeast Asia, Pundsack and Chambers have also acquired the Realty Executives franchise rights in Southern California for the prestigious areas of Santa Monica, Brentwood, Pacific Palisades, Venice and West Los Angeles. They plan to open brokerage offices in both Santa Monica and Brentwood in the next 12 months and then in other cities over the next few years.
About Realty Executives International, Inc.
Realty Executives International, Inc. is a fast growing real estate franchise in the United States, with more than 8,000 sales agents and nearly 600 franchises. The Phoenix-based, privately held company has a presence in 32 countries including the United States, Canada, Mexico, France, Greece, Australia, Israel, Poland, Costa Rica, Belize, Nicaragua, Romania, Panama, Spain, Honduras, Colombia, Turkey, Dominican Republic, United Arab Emirates, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait, Egypt, Jordan, Lebanon, Thailand, Malaysia, Singapore, Vietnam and Hong Kong. Publications like Entrepreneur, Success and Inc. magazines have ranked Realty Executives International as a leader in the real estate industry based on franchise growth, management stability and financial soundness. For additional company information visit www.RealtyExecutives.com.
For more information about TREBCO | Global visit www.Trebcoglobal.us.
Realty Executives International
Director of Communications