Residential brokerage RE/MAX is expanding to about 40 new counties in upstate New York by partnering with established agents, Real Estate Weekly reported. In counties such as Rome, N.Y., the firm has small offices that control more than half of the real estate market, according to Henry Weber, president and regional director of RE/MAX of New York, and is looking for similar arrangements elsewhere in the state.
“We only recruit people who have been in the business for a while,” Weber said, noting the agents are attracted to RE/MAX’s name recognition and national marketing campaigns.
Though the firm has recently opened two new New York City offices in Astoria and Brooklyn, it’s reluctant to re-enter the Manhattan market after its Harlem and Battery Park City offices closed. Weber said the firm is awaiting experienced partners like the ones it has found upstate. However, RE/MAX Metro CEO Sal Calabrese told The Real Deal in May that the firm had signed a lease for an office in Manhattan. [REW]