Realty Executives International Acquires Largest Area Developer Region Covering Five States

Southern Region acquisition continues franchisor's aggressive growth strategy

SCOTTSDALE, AZ, May 7, 2018 -- Realty Executives International has acquired the Realty Executives Southern Region, its largest territory covering the five-state region including Florida, Georgia, Tennessee, North Carolina and South Carolina. This acquisition marks a year since the company purchased remaining shares of the company from former owner Rich Rector, setting the course for an aggressive company growth strategy focused on acquisition of competitive brands, independent brokerages and Realty Executives Brokers who are looking to retire.

Realty Executives International purchased the Southern Region from their longtime Regional Developers Ken Durkee and Zig Ziegelman, both of whom are military veterans and have been with Realty Executives for 20 years and 30 years respectively. While Durkee plans to retire from the real estate industry to focus on his charitable outreach work, Ziegelman will remain as a broker with the company and continue to run his Realty Executives brokerage in Lady Lake, Florida.

"We congratulate Ken and Zig for their years of service in both the military and as part of the Realty Executives family. We are excited about how the timing of the the Southern Region acquisition works perfectly with our growth strategy, coinciding with the rollout of our exclusive recruiting campaign which we will be launching throughout the region," said Patrick van den Bossche, President of Realty Executives International.

The buy-back of the Southern Region puts the growth of this significant territory, representing 16% of the US population, directly in the hands of the International team. This, coupled with the recent acquisition of Realty Executives Northern Arizona, are the first of many corporate acquisitions that are geared to provide large brokerages and Regional Developers a retirement plan as the company ramps up for aggressive recruiting within these areas, many of which are underdeveloped.

"We had the pleasure of visiting some of the Realty Executives brokers in the Orlando area in late March as part of the transaction and are extremely pleased with the energy and successes of those branches," stated van den Bossche. "We will be working closely with this network of high performing professionals to further expand our presence in the region."

Realty Executives International will be at the Florida Realtors® 2018 Convention & Trade Expo in Orlando, Florida, August 8th and 9th, in support of its broker/owners, the region, and business partners, as part of its regional growth strategy. The company is expected to grow to 20,000 agents within the next few years.

About Realty Executives Intl. Svcs. LLC

Established in 1965, Realty Executives International is one of the largest and most established real estate franchise systems in the world, with over 8,000 agents and 500 offices globally. The company offers disruptive pricing models particularly attractive to top performing agents. Its unrivaled mobile technology, business tools, training and concierge service are coupled with protected territories and financing for qualified franchisees. The Scottsdale-based, privately held company has been ranked as a leader in the real estate industry by publications like Entrepreneur, Success and Inc. magazines. For additional company information visit http://www.RealtyExecutives.com.