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NRT Ranked as No. 1 Residential Real Estate Brokerage Company by REAL Trends for 12th Consecutive Year
PARSIPPANY, N.J. - March 31, 2009
NRT LLC announced today that it was again ranked the No. 1 residential real estate brokerage firm in the United States in the REAL Trends 500 annual survey, which is now available online at www.realtrends.com. This is the 12th consecutive year in which NRT has earned the top spot nationwide for both closed sales volume and closed transaction sides from REAL Trends, a leading provider of trends and research for the residential real estate service industry.
In 2008, NRT recorded $132 billion in closed sales volume and 275,640 transaction sides. A transaction side is either the buyer side or the seller side in a real estate transaction. Brokerage companies like NRT receive commissions from representation of either one or both sides of a transaction.
"Ranking again as the No. 1 firm in the nation is a tribute to NRT's commitment to quality customer service and the reputation of our companies and our people," said Bruce Zipf, president and chief executive officer for NRT. “While 2008 was the most challenging environment our industry has faced in a long time, the results show that consumers continue to have confidence in the strength of our local operating companies and the ability of our nationwide network of experienced professionals to consistently deliver a satisfying, value-added home transaction experience."
About NRT LLC
Operating in 35 major metropolitan areas, NRT LLC is the nation's largest residential real estate brokerage company with approximately 835 offices and 58,800 sales associates. A subsidiary of Realogy Corporation, NRT (www.nrtllc.com) operates Realogy's company-owned real estate brokerage offices under the world-renowned brand names of Coldwell Banker®, Coldwell Banker Commercial®, ERA®, Sotheby's International Realty® and The Corcoran Group®. NRT, its affiliated companies, marketing partners and joint ventures provide mortgage, title, insurance, escrow, warranty, relocation and concierge services to NRT's family of companies. Realogy Corporation (www.realogy.com) is a leading global provider of real estate and relocation services.
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