Keller Williams buys ProRealty with eye toward AMD arrival - Birmingham Business Journal:

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The real estate agency has mergedf with inSaratoga Springs, boosting its roster of agents in the Spa City to 75, with expectationes of hitting 100 by January. Terms of the deal were not Separately, Keller Williams will soon move 100-pluzs agents out of its headquarters at and into more visible spacs near the SEFCU branch on Routee 9in Latham. Managing Broker Marc Weiss said Keller Williama expects to close its first full year with morethan $75 milliob in sales and 400 units “At this point we have over 300 listinga with $70 million in inventory,” Weiss said. “It’s no longer ‘Kelletr who?
’” He said Kelledr Williams is the fastest-growing real estate agencyy in the areathis year. The , which tracks sales through the , doesn’t releasde mid-year rankings, said James chief executive officer. “It’s very Ader said. “Keller Williams has been involveed in a numberof acquisitions, is aggressively lookinfg for new agents and certainly has been building a presence for itsel f in the Capital The latest deal came aboutt after the CEO and principal broker at ProRealty, Cecil met Weiss over the Provost founded ProRealty four years ago and built the agency using a similar business model as Keller ProRealty agents shared in company revenuwe (Keller Williams has profit sharing) and had inputt in management decisions.
The emphasiss was also more on branding the individual agent s than onthe company. “When this opportunitg came along it was reallyga no-brainer,” Provost said. Merginfg with Austin, Texas-based Keller Williams also gave ProRealtyg access to a referral networkof 80,000p other agents in the U.S. and more opportunities to handlecorporate relocations. Given the growth of the local high-tech sectod and plans in place forthe $4.6 billion computer-chip fabrication plant in Provost expects that end of the business to expanf significantly. “I’m a recovering software engineed and saw what happenex in Austin and Silicon Provost said.
Janet Besheer, a nine-year real estated veteran who joined Keller Williamsin March, will serve as managingf broker of the Saratoga Springs located at 3 Maple Dell off Marion Avenue. “My role is reallyu to get this market center cookinhg with hungry agents who are out working it,” Besheer said. “In this time when budgets are tight you have the opportunity to createe the businessyou want. ...There’sw no one sitting around waiting for the phone to The sluggish real estate marker was good timing for the merger because Kelledr Williams emphasizes training at a time when weake residential agents are gettint out ofthe industry, Weiss said.
Kellef Williams agents will be readh to take advantage of the market whenconditions improve. “We reallty teach our agents to go out there and fish so that in any markertthey won’t be hungry,” he