MADISON, NJ, December 13, 2018 – NRT LLC, the nation’s largest real estate brokerage, has named Jamie Duran president of Coldwell Banker Residential Brokerage in Southern California. Effective February 1, 2019, Duran will serve as president of Coldwell Banker Residential Brokerage in Greater Los Angeles. She will continue to serve as president of Coldwell Banker Residential Brokerage of the Orange County, Riverside County and San Diego companies. The move unites the Coldwell Banker companies under one dynamic leadership team.
The Coldwell Banker Residential Brokerage operations of NRT achieved a combined sales volume of $24.4 billion and 22,621 transaction sides across southern California in 2017. Coldwell Banker Residential Brokerage NRT is represented by approximately 5,550 agents and 78 offices in southern California, including the Greater Los Angeles, Orange County, Riverside County, and San Diego markets.
Duran is replacing Robert Foster who is retiring after a stellar career in real estate spanning more than 40 years. As president of Coldwell Banker Residential Brokerage in Greater Los Angeles, Foster grew the company exponentially through strategic acquisitions to become the No. 1 brokerage in that market. Prior to that role, Foster served as the chief operating officer for the Southwest region, where he was instrumental in steering the company through economic downturns and rebounds. During his celebrated career, he was an award-winning agent and branch manager, achieving Manager of the Year recognition more than once.
“We are grateful to Bob for his outstanding contributions to Coldwell Banker, where he has been a champion of the company and widely respected by agents and peers across the nation,” said M. Ryan Gorman, president and CEO of NRT LLC. “Jamie is the ideal leader to guide these powerhouse companies to make an incredible impact in the region. I wish both Bob and Jamie much success in their endeavors.”
Duran, who was named in Swanepoel T3 Group’s “Top 200 Most Powerful People in Residential Real Estate 2017/18” list, began her real estate career with Coldwell Banker in the Greater Los Angeles market, spending 10 years in Studio City as an agent, assistant manager and regional education director. She then served 12 years as branch manager in Ventura and Studio City before becoming the district manager and later the regional vice president in the Inland region. She was then promoted to president of the Orange County/San Diego company in 2014.
“I am thrilled to be invited to lead our Southern California companies under our new structure. My return to Greater Los Angeles on the heels of massive market share growth over the last few years in Orange County and San Diego is strategic,” said Duran, president, Coldwell Banker NRT, Southern California. “We are leaders in not just the real estate industry, but also real estate technology platforms, agents, services and consumer trust in our stable brand. Stability and strength in a changing market is what agents and consumers count on, especially now.”
NRT LLC is the nation’s largest residential real estate brokerage company. NRT owns and operates companies in more than 50 of the 100 largest metropolitan areas in the United States, with approximately 790 offices and more than 50,000 independent sales associates. NRT is the subsidiary of Realogy (NYSE: RLGY) that operates all company-owned real estate brokerage offices.