Real Estate Industry Shifts: Two Brokerages Switch to RE/MAX
[Image: A photo of Gurcharan Garry Bhaura]
The real estate industry is experiencing a significant shift as two brokerages, with over 200 agents, have announced their switch to RE/MAX. The news comes during a time of intense competition for talent in the industry.
The Latest Recruiting Wins for RE/MAX
Last week, we saw Coldwell Banker and Keller Williams making big recruiting victories. This week, it’s RE/MAX’s turn to shine. The franchisor has announced that it has scooped up two different brokerages in Ontario, Canada.
RE/MAX President Realty
The first brokerage to join RE/MAX is a firm with over 200 agents, formerly with Century 21. The firm, now operating under the name RE/MAX President Realty, is based in Brampton, a city in Ontario. The brothers Gurcharan Garry Bhaura and Sukh Bhaura will operate the franchise. In a statement, they highlighted RE/MAX’s technology, network, marketing resources, and other factors that contributed to their decision to switch brands.
Gurcharan Garry Bhaura’s Perspective
"This affiliation with RE/MAX will propel our business forward, offering unmatched opportunities and support for our team and clients. Together, we are set to achieve remarkable success in our real estate journey," Gurcharan Garry Bhaura said.
The Bhaura Brothers’ Industry Experience
Both brothers have extensive experience in the industry. Gurcharan Garry Bhaura is currently serving as a vice chair of the Canadian Real Estate Association and has previously served as the president of the Toronto Regional Real Estate Board. Sukh Bhaura has worked in commercial real estate for 20 years and is currently the vice president of the CCIM Central Canada Chapter.
Davenport Realty Joins RE/MAX
Just days after the announcement of RE/MAX President Realty, Davenport Realty, a previously independent brokerage based in Ontario, joined RE/MAX. The company brought 130 agents to the brand and opened two RE/MAX Icon Realty brokerages. In a statement, owners Steven Smith, Wes Watson, Dan Porlier, and Brad Howard indicated that the new brand affiliation will lead to "unparalleled opportunities" for their firm.
Wes Watson’s Perspective
"This affiliation will offer us many competitive advantages in our local real estate market, including enhanced brand recognition, access to a comprehensive tech toolbox, and an expansive referral network," Watson said.
A Time of Intense Competition for Talent
The pair of recruiting wins for RE/MAX come amid a time of intense competition for industry talent. Competition has always been a part of real estate, but the slower market of the last few years has shifted many brands’ attention to star agents and teams with a proven track record.
Recent Recruiting Announcements
Indeed, many recent recruiting announcements from companies such as Coldwell Banker, Compass, and others have focused on individual names rather than numbers. This makes big numbers like the ones RE/MAX just announced all the more notable.
Conclusion
The real estate industry is witnessing a significant shift as two brokerages switch to RE/MAX. With its technology, network, marketing resources, and other factors, RE/MAX is making a strong case for agents and brokers to join its franchise.
FAQs
Q: Why are these brokerages switching to RE/MAX?
A: The brokerages are switching to RE/MAX due to its technology, network, marketing resources, and other factors that will help them grow and succeed in the industry.
Q: What does this mean for the real estate industry?
A: This shift highlights the intense competition for talent in the industry and the importance of providing agents and brokers with the tools and resources they need to succeed.
Q: What’s next for RE/MAX?
A: With these two new brokerages joining its franchise, RE/MAX is poised for continued growth and success in the industry.
Q: What about the slower market? How does this affect the industry?
A: The slower market has shifted the focus of many brands to star agents and teams with a proven track record. This has led to intense competition for talent, making big numbers like the ones RE/MAX just announced all the more notable.
Author: www.inman.com
Orginal Source link