SYS-CON MEDIA Authors: Greg Ness, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

News Feed Item

Realty Executives Growing; Acquired by Kinetic Companies

Southwest Investment Firm acquires and merges Phoenix, Tucson and Yuma Realty Executives operations.

PHOENIX, Aug. 21, 2014 /PRNewswire/ -- Realty Executives Phoenix announced today the company has been acquired by Kinetic Companies, a Phoenix based real estate investment firm.  Operations will continue under the Realty Executives moniker, as the brand has been synonymous with integrity and professionalism for nearly 50 years.

Realty Executives International, Where the Experts Are

A family business, Realty Executives was founded by Dale & June Rector and has been owned and operated by his son Rich Rector for several decades.  Mr. Rector, with continued ownership in Realty Executives International, will focus efforts on the growth of the International brand, which currently has a presence in 24 countries around the world.  Rector was deliberate in his choice to sell what has been referred to as the crown jewel Realty Executives franchise to an existing franchisee.  Jeff Murtaugh has garnered national attention and recognition, most recently having been named 'Most Valuable Broker Owner' at the International Franchise Awards in 2013. Jeff Murtaugh is a 37-year veteran in commercial and residential real estate brokerage and is a partner with Phoenix based Kinetic Companies. Murtaugh has served as President of the Tucson operation for the past several years and grown the franchise from approximately 50 agents to well over 250 agents in just two short years.  In his expanded role, he will serve as President and CEO of Realty Executives for Phoenix, Tucson and Yuma.  Gerry Russell will continue as Designated Broker for the Phoenix offices and there are no changes to executive management or staffing as the expertise and proven track record demonstrated by the Realty Executives team will allow Realty Executives Phoenix to pursue additional growth in the Arizona market.

"As I concentrate on the growth of Realty Executives International, I am fully confident and look forward with excitement to witness Jeff and his team offer expanded opportunity and success to our agents…Whether it's sales generation or an innovative approach to day-to-day operations, he's proven himself as a true leader not only within the organization, but within our industry," said Rector. 

Founded in 1965 by Dale Rector, Realty Executives Phoenix currently spans 12 branch offices throughout Maricopa County.  Though many competitors have since followed suit, Realty Executives Phoenix was the first 100 percent commission company.  This innovative approach made Realty Executives Phoenix a top brokerage in terms of per agent productivity since 1972.   Realty Executives saw its share of challenges, as with most real estate brokerages during the global financial crisis.  Rector is quick to point out the company's current successes and is proud of having navigated the challenges and sustained its reputation for tenured professional agents. Of 80,000 brokerages worldwide, Realty Executives Phoenix ranks among the leaders of the top 1% according Real Trends 2014 annual research report on dollar volume and transactions.  In 2013, Realty Executives agents averaged in excess of $85,000 in commissions and closed an average of nearly 15 transactions each while the firm completed nearly $2.2 billion in transaction volume and over 8,200 transactions ("sides"). 

"Realty Executives is an agent-centric brand that aligns with our values and philosophy as a company," said Murtaugh. "The company's future is bright.  We will continue to improve upon our brand and grow the Realty Executives family by developing the tools needed to increase career success."  

Kinetic Companies, the parent company to Realty Executives Phoenix, has over 70 years of real estate brokerage experience between its partners.  Co-Founder, Joel Moyes, who is also State Director for the International Council of Shopping Centers, a globally recognized real estate industry trade group, stated, "Our extensive background within the real estate space allows us to fully appreciate the agents needs.  We understand that agent support is of paramount importance and we fully intend to continue building upon Realty Executive's solid foundation established by the Rector family."

About Realty Executives Phoenix
Realty Executives Phoenix is one of the largest real estate brokerages in the United States with 11 branch offices and dozens of satellite offices throughout the State of Arizona.  Founded in 1965 by R. Dale Rector, Realty Executives revolutionized the real estate industry as the nation's first 100 percent commission company. Based on the spirit of entrepreneurism, the brokerage has thrived in the Phoenix metropolitan area and nationally as one of the most productive brokerages in the United States for the last 48 years.  Since 1972, Realty Executives Phoenix has held the honor of being a top brokerage in the Phoenix metropolitan market for per agent productivity. For additional company information visit www.RealtyExecutivesPhoenix.com

About Realty Executives International, Inc.
Realty Executives International, Inc. is one of the fastest growing real estate franchises in the United States, with nearly 11,000 sales associates and approximately 700 franchises. The Phoenix-based, privately held company has offices in 24 countries: United States, Africa, Australia, Bahrain, Belize, Canada, Costa Rica, Dominican Republic, France, Greece, Honduras, Israel, Kuwait, Mexico, Panama, Poland, Romania, Nicaragua, Oman, Qatar, Saudi Arabia, Spain, Turkey and United Arab Emirates. Publications like Entrepreneur, Success and Inc. magazines have recently ranked Realty Executives International as a leader in the real estate industry based on franchise growth, management stability and financial soundness. For additional company information visit www.RealtyExecutives.com.

Photo - http://photos.prnewswire.com/prnh/20140821/138677

SOURCE Realty Executives Phoenix

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Lori MacVittie is responsible for education and evangelism of application services available across F5's entire product suite. Her role includes authorship of technical materials and participation in a number of community-based forums and industry standards organizations, among other efforts. MacVittie has extensive programming experience as an application architect, as well as network and systems development and administration expertise. Prior to joining F5, MacVittie was an award-winning Senio...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
SYS-CON Media announced today that Skytap blog on "DevOps Journal" exceeded 84,000 story reads. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Noel Wurst is the managing content editor at Skytap. Skytap provides SaaS-based dev/test environments to the enterprise. Skytap solution removes the inefficiencies and constraints that comp...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from ha...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
"ElasticBox is an enterprise company that makes it very easy for developers and IT ops to collaborate to develop, build and deploy applications on any cloud - private, public or hybrid," stated Monish Sharma, VP of Customer Success at ElasticBox, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...