Realogy

Realogy (pronounced "rēl′ ə jē", as in "real" estate) is a privately owned company that provides real estate and relocation services. It owns and franchises several of the industry's leading real estate brands and brokerages. Along with its relocation services, it also provides title and settlement services.

History

Realogy was created as a result of an October 24, 2005 announcement by Cendant that it had decided to split into four separate companies, citing a necessity to diversify in appealing to stockholders and in an attempt to increase the value of the post-split up company. These four categories include "Real Estate, Travel Distribution, Hospitality and Vehicle Rental Companies."cite web | url=http://www.cendant.com/media/pr/press_release.cgi/Corporate/11948 | publisher=Cendant | title=Cendant | accessdate=2007-06-04]

On July 31, 2006, the separation was completed, and Realogy became a self-operating companycite web | url=http://www.cendant.com/media/pr/press_release.cgi/Corporate/11948 | publisher=Cendant | title=Cendant | accessdate=2007-06-04] . Subsequently, the Cendant name has been completely retired. On August 1, 2006, Realogy went public, trading on the New York Stock Exchange under the ticker symbol "H" - for homes and housing.Fact|date=June 2007

On December 18, 2006, Realogy announced it had accepted a $8.5 billion buyout offer from private equity group Apollo Management. The transaction closed on April 10, 2007. Realogy will no longer be listed on the New York Stock Exchange. cite web | url=http://www.realogy.com/media/pr/show_release.cfm?id=362 | publisher=Realogy | title= Apollo Management, L.P. Completes Acquisition Of Realogy Corporation | accessdate=2007-06-05]

Today, Realogy has operations throughout the United States and around the world, with over 15,000 affiliated real estate offices and roughly 315,000 affiliated brokers and agents. Its headquarters is located in Parsippany, New Jersey. In 2006, Realogy earned $6.492 billion in revenue.cite web | url=http://www.realogy.com/media/pr/show_release.cfm?id=367 | publisher=Realogy | title= Realogy Corporation Named To The Fortune 500 As The No. 1 Company In The Real Estate Industry | accessdate=2007-06-21]

Realogy Business Units

*Cartus Corporation
*Title Resource Group
*NRT Incorporated (the following are NRT-owned)
**Coldwell Banker
**Coldwell Banker Commercial
**ERA Real Estate
**Sotheby's International Realty
**Corcoran (Corcoran Group Real Estate)
***Citi Habitats New York
***The Sunshine Group, Ltd.
*Realogy Franchise Group
**Century 21 Real Estate
**Coldwell Banker
**Coldwell Banker Commercial
**ERA Real Estate
**ONCOR International

ee also

*Independent contractor
*Real estate broker
*Real estate trends

References

External links

* [http://www.realogy.com/ Realogy Corporation Website]