Some of you have asked about the company I chose to move to in 2014. Well, here is the history below about Realty Executives. Yes, we are on the MLS (Multiple Listing Service). Yes, I still provide the same service as before. Yes, it’s a great company or else I wouldn’t have moved here.
1965 – a real estate professional named Dale Rector was about to transform the real estate industry. He launched Realty Executives with 1 office in Scottsdale, Arizona. Agents were charged a $35 monthly fee plus a share of expenses. The company started with 4 agents. Dale Rector acted as designated broker for Realty Executives Phoenix. The concept, designed to provide the maximum benefit to the most productive, experienced and effective real estate agents, birthed the first ever 100% commission real estate company – Realty Executives.
(Century 21 was founded in 1971, Remax in 1973).
1970 – Realty Executives has 100 agents in Phoenix area.
1972 – Realty Executives becomes the No. 1 Phoenix brokerage.
1973 – Realty Executives opens in Tucson, the company’s first expansion office outside of the
Phoenix area. This expansion marks the company’s first official franchise.
1974 – Realty Executives Phoenix tops $100 million in sales for the first time.
1976 – Realty Executives expands to California with a franchise in Oceanside. By the end of the year, the company has offices in Arizona, California, Colorado, Florida, Iowa, Nebraska, Oklahoma, Pennsylvania, Texas, Wisconsin and Utah.
1980 – Rich Rector becomes president of Realty Executives Phoenix and chairman of the franchise company, which was named Execu*Systems, Inc. at the time.
1984 – Rich and his wife, Robyn, purchase the real estate franchise company (Execu*Systems, Inc.) from R. Dale Rector.
1988 – Realty Executives International obtains its first Canadian franchise. (Century 21 in 76 and Remax in 77) .
1994 – Realty Executives International experiences a record year of franchise growth adding more than 100 new franchises and more than doubling the previous record of 43 new franchises sold in 1993.
1994 – Realty Executives ranks 54th in Success magazine’s list of the 100 best franchise companies in America. Realty Executives International sells franchising rights to establish Realty Executives in Mexico and South Africa.
1997 – Realty Executives forms Homes from the Heart as its corporate charitable program, building and renovating homes for needy families across the system, largely in partnership with Habitat for Humanity International.
1999 – Realty Executives International ranks 27th in Success magazine’s annual list of the top 100 franchise companies in the United States.
2001 – Realty Executives International opens first offices in Mexico. The 3 new offices are located in the cities of Chihuahua, Lake Chapala and Ensenada.
2002 – Realty Executives continues its aggressive international expansion, with the opening of offices in Australia and Israel.
2003 – R. Dale Rector honored as one of the top 25 Most Influential People in Real Estate by REALTOR magazine.
2004 – Realty Executives ranks in Entrepreneur magazine as one of the “Fastest Growing Franchises.”
2006 – “Fastest Growing Franchises.” Realty Executives rolls out HomeWorks, a national marketing initiative designed to help teachers and others in the education field purchase homes.
2008 – Expansive growth in Central America includes Costa Rica, Panama, Nicaragua and Belize.
2010 – Realty Executives International expands rapidly on the global level. New international territories include Turkey, Saudi Arabia, Qatar, United Arab Emirates, Oman, Dominican Republic, Bahrain and Kuwait.
2012 – New international franchises in Lebanon, Jordan and Egypt.
2013 – Rich Rector announced as the Recipient of National Homeownership Award.
2013 – Realty Executives International Ranked #276 amongst All Franchise Companies by Entrepreneur magazine’s 2013 Franchise 500® List.
2013 – New international master franchisor in Malaysia.
2014 – Rich Rector named #30 on the Swanepoel Power 200 List of Influential Real Estate Leaders.
2014 – Realty Executives International Ranks #6 on the Phoenix Business Journal’s list of Top Franchisors.
2015 Realty Executives International is located in 32 countries with over 10,000 agents worldwide.
Revolutionary thinking is what made Realty Executives different from the competition in 1965, and continues to make us different today. Sophisticated technology platforms, relevant training and world-class brand recognition awards and attracts the best agents in the real estate industry to become “Executives”. Our culture frees agents to focus on what matters most – providing the best service to clients in any market.
Our progress in today’s real estate market puts the consumer experience first. Well-informed, steeped in technology and always on the go, consumers start their real estate searches online over 90% of the time, with 68% of home shoppers utilizing mobile applications throughout their research. It comes as no surprise – over the past 4 years, real estate related searches on Google have grown by 253%.
Realty Executives embraces these changes, placing technology, marketing and training initiatives first so that agents and brokers throughout our expansive network can meet the needs of clients today and tomorrow.