United Real Estate is collecting brokerages like Pokémon.
The Dallas realty firm just closed on its fifth merger of the year, this time with Florida brokerage EXIT Real Estate Gallery — which will now operate as United Real Estate Gallery and is set to retain all leadership moving forward, including CEO Raymond Rivera.
United is considered the seventh largest real estate brokerage operation by transactions in the country, according to the Dallas Business Journal. This latest merger will bring eight locations throughout Northeast Florida into the fold. It also adds 400 agents to United’s network, bringing its grand total to 21,000 agents across 630 offices.
“Our industry is changing, and United has the solution to allow agents to keep more earnings, gain more control over their expenses and compete more effectively in any market,” Rivera said, addressing the ongoing shift in the Sun Belt housing market that’s led to a particularly spooky October for the residential real estate biz.
United’s last merger was on the East Coast with Washington, D.C.-based Pearson Smith Realty. Other mergers this year include Kansas City-based Platinum Realty, Virtual Properties Realty in Georgia, Nashville-based Benchmark Realty and New York City-based MEHome Realty— now called United Fortune.
Read more
Residential
New York
Mortgage applications plunge 14% in a single week
— Maddy Sperling