It was announced today that Realty Executives of Phoenix has acquired Show Appeal Realty and will be bringing all of their agents under the Realty Executives brand.
This acquisition brings approximately 160 agents to the company. We had an opportunity to talk to the owners, brokers and several of the agents from Show Appeal Realty this morning when the announcement was made to the Show Appeal agents and it seemed to be very well received.
Brandon Hunt started Show Appeal Realty in 2009. During the meeting with their agents and staff today, Brandon let everyone know that all of their current staff will stay with the new company. The investment arm of Show Appeal will also stay in place. When Show Appeal was started, Brandon wanted a brokerage that could be the center of their flip business. He also wanted a place with a family first atmosphere, great technology and great broker support. “We feel like we succeeded in what we set out to accomplish.” The firm quickly grew to 100 agents by 2015 and has continued to be a successful brokerage that now has approximately 160 agents.
For any existing Show Appeal agents, please know that they will continue with their annual chili cook off! I’m looking forward to that, as well!!
With this brokerage change, nothing is changing but the name and the addition of more tools. They will keep their current office. All agents can keep their current fee structure for the next year unless they want to switch to a Realty Executives plan now. In talking to some of them this morning, I learned that some of their agents will have a better pay structure under our plans than they have now.
If you are a Show Appeal agent, prepare for an onslaught of recruiters. Please feel free to call an Executive or one of the owners directly with questions about the company, the culture and the merger.
It comes down to value. Our goal isn’t to save you money, it’s to make you money. – MF Coleman, Realty Executives CEO
This is another addition to the Realty Executives family brought about by the current ownership and management team. Just a few months ago, Realty Executives of Phoenix acquired Red Brick Realty. The strong growth of the brand and the hard work from our local leadership team were instrumental in being named Brokerage of the Month by Realty Executives International.
As of March 1st, Show Appeal Realty had over 100 listings that were active or under contract equating to more than $30 million in volume. For 2016, Realty Executives of Phoenix had nearly $3 billion in closed sales volume.
As we continue to grow our team here at the Phoenix Real Estate Guy, it is fun to watch the growth of the Realty Executives brand in the Phoenix market.
Stick around… I’m pretty sure we’ll have more more exciting announcements in the near future.
**Update: Here’s some more info from the Phoenix Business Journal.**