Welcome!

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
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, will discuss how they b...
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...