NRT took the top spot for the 12th consecutive year for both closed sales volume and closed transaction sides in the REAL Trends 500 annual survey. NRT-owned real estate companies are involved with one out of every four homes sold in the United States.
With 51 offices and over 3,400 sales professionals, Coldwell Banker Residential Brokerage Mid-Atlantic accounted for $6.7 billion in closed sales volume and 17,321 closed transaction sides in 2008. NRT recorded $132 billion in closed sales volume and 275,640 transaction sides in 2008. A transaction side is either the buyer side or the seller side in a real estate transaction. Brokerage companies like Coldwell Banker receive commissions from representation of either one or both sides of a transaction.
Paul Valentino, president, Greater Washington Metro, said, “While 2008 was a very challenging housing market, consumers continued to have confidence in Coldwell Banker and other NRT brands as real estate professionals they could trust. Our strength comes from being part of a family of real estate companies that provides a global network of support and marketing services for our clients.”
“Our sales teams throughout the Mid-Atlantic region dedicate themselves to obtaining the best results for each of our customers,” said Dean Cottrill, general sales manager, Greater Baltimore Metro. “They practice the same ethos of high quality service that the Coldwell Banker brand has represented for over a century, and that NRT embraces throughout all its real estate companies.”
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