Newly Merged Coldwell Banker Residential Brokerage in Top Market Share Position for Both D/FW Area and Texas

May 06, 1999, 01:00 ET from Coldwell Banker Residential Brokerage

    DALLAS and FORT WORTH, Texas, May 6 /PRNewswire/ -- Susan Dunn Arnold and
 Charles Rogers, co-presidents of newly formed Coldwell Banker Residential
 Brokerage, say, "We're Number One!"
     The recent merger of Coldwell Banker Paula Stringer, Realtors, and Wm.
 Rigg, Realtors, has catapulted the new firm to the top market share position
 in the Metroplex and in Texas, according to Steve Murray, co-owner of
 REALTrends, an industry trade publication that measures and analyzes market
 position for brokers across the county and publishes a yearly Big Brokers
     "Paula Stringer and Rigg 1998 closed transaction sides combined in the new
 brokerage total 16,836," said Mr. Murray, "placing Coldwell Banker Residential
 Brokerage ahead of former leader Ebby Halliday, who logged 16,186."
     The totals rank CBRB in first position and Ebby Halliday second for both
 Dallas/Fort Worth and Texas.
     The REALTrends newsletter for residential real estate brokers ranks the
 top residential real estate companies in the country based on closed
 transaction sides and publishes the results in the Big Brokers Report.  Data
 is submitted by the brokers.
     "This was the one question for which we did not have a definitive answer
 on Monday, when the transaction was announced," said Ms. Arnold, who heads the
 Dallas division of CBRB.  "This is great news!"
     The good news includes sales totals announced earlier this week.  Combined
 closed sales volume in 1998 was $2.6 billion.
     Rigg and Stringer were sold to NRT Inc. and merged late last week.  NRT
 Inc., based in New Jersey, is the largest affiliate of Coldwell Banker Real
 Estate Corporation, which includes more than 3,000 offices and 70,000
 associates throughout North America.  Coldwell Banker Residential Brokerage
 has 33 offices throughout North Texas.
     Most of the newly merged local associate force of 1,100 celebrated Monday
 night at the Texas Speedway Club north of Fort Worth.
     "This is icing on the cake," said Mr. Rogers.

SOURCE Coldwell Banker Residential Brokerage