A goliath Berkshire Hathaway HomeServices (BHHS) affiliate and an Ohio indie are becoming a member of forces to create a powerhouse brokerage serving jap Ohio and western Pennsylvania
The wedding between BHHS Northwood Realty Providers — which merged with BHHS The Preferred Realty in 2018 and operates under the former’s name — and Stouffer Realty provides the mixed brokerage greater than 2,100 brokers and over 60 places of work serving 22 counties in Western Pennsylvania and Japanese Ohio.
BHHS Northwood Realty Providers, is presently one of many nation’s largest brokerages by transaction sides, with 16,596 transactions in 2019, good for twenty third place nationally according to the Real Trends 500 and is the highest producing BHHS franchisee, in line with the identical listing.
“This union is a superb match for all events concerned,” Tom Hosack, co-president and CEO of the mixed brokerages, stated in an announcement. “We’re each family-run corporations that care deeply concerning the success of our brokers and staff.”
“We’re captivated with serving to shoppers with their actual property wants and aspirations. Our new brokerage is grounded in a shared philosophy and supported by Berkshire Hathaway HomeServices, one of many fastest-growing manufacturers in actual property.”
Gary Stouffer, the founding father of Stouffer Realty will proceed to function president of Stouffer Realty, which can function beneath the Berkshire Hathaway HomeServices Stouffer Realty identify.
The transfer comes at a time when brokerages throughout the nation want to consolidate, a development predicted by a number of top real estate leaders.
“Our markets are rising and altering, identical to our rivals,” Kevin Leonard, co-president of the Ohio BHHS division, stated in an announcement. “It’s extra essential than ever for our brokers to be supported with the best know-how, instruments, training and management to assist them succeed.”