MADISON, NJ, June 20, 2013 – NRT LLC, the nation's largest residential real estate brokerage company announced today that Bob Foster has been promoted to the role of president of Coldwell Banker Residential Brokerage in Greater Los Angeles in NRT's Southwest Region. The Greater Los Angeles company has 29 offices and more than 2,000 sales associates.
Foster most recently served as chief operating officer for NRT's Southwest Region, where he was instrumental in leading the corporate operations in Mission Viejo, Calif. and enhancing its service culture. He previously held various leadership roles in Coldwell Banker Residential Brokerage's operations in Greater Los Angeles.
"We are confident that Bob's expertise will greatly benefit the growth and development of our Los Angeles market," said Bruce Zipf, president and chief executive officer, NRT LLC. "As an experienced leader dedicated to the specific needs and demands of this unique market, Bob is well positioned to continue driving the company to further success."
Foster assumes the presidential role previously held by Jeff Culbertson, who will continue as regional executive vice president for NRT's Southwest Region, as well as president of Coldwell Banker Residential Brokerage in Orange County/Desert Resorts and San Diego.
NRT owns and operates approximately 710 offices across the United States and has 41,200 sales associates in 35 major metropolitan areas. NRT, its affiliated companies, marketing partners or joint ventures also provide mortgage, title, insurance, escrow, warranty, relocation and concierge services to customers and clients of NRT's family of companies.
A subsidiary of Realogy Holdings Corp. (NYSE: RLGY), NRT 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®. Realogy is a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.
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