Realty ONE Group Reports Record Third Quarter Results And Looks Beyond
Oct 15, 2015, 09:00 ET
IRVINE, Calif., Oct. 15, 2015 /PRNewswire/ -- Realty ONE Group, a full-service lifestyle real estate brokerage, announced its results for Q3 2015, exceeding predicted growth and revenue benchmarks. With the success of the affiliate programs and nationwide expansion, Realty ONE Group is on track for its biggest year yet.
As a dynamic lifestyle brand, Realty ONE Group recorded a year-over-year increase of 33% in transactions, advancing total revenue to just under $3 billion for the quarter. This positions the brand to reach $11 billion in transactions by the end of 2015. The total agent count increased by 20% in Q3, putting the company on track to hit its mark of 9,000 agents by the end of Q4 2015.
Realty ONE Group is set to edge out competitors by targeting 12,000 agents nationwide. By year-end 2017, the firm expects to be in over 100 locations with transactions exceeding $15 billion in the U.S. market. Realty ONE Group is also allocating resources to finish adapting its ONE toolkit for international expansion. Later this year, the company will begin strategic planning to grow to over 100,000 agents in 20 countries.
Realty ONE Group attributes its sustainable growth to several factors. The widespread adoption of the firm's 'ONE family' brand and values plays a critical role in attracting top talent to join the affiliate program. Agents who join with Realty ONE Group are given the tools and support needed to effectively capitalize in their markets and create opportunities to generate revenue. The company has worked diligently to cultivate its agent offering and build an adaptable platform that's scalable, which serves as another growth contributor. Realty ONE Group's proprietary toolkit can be adapted to fit any market and pinpoint areas of growth while reducing costs. The offering is also designed to scale seamlessly, allowing the company to aggressively expand throughout a region while still providing agents with optimal support.
About Realty ONE Group: Founded in 2005, Realty ONE Group is a full-service residential real estate brokerage that has experienced tremendous growth while being 100% debt-free. Their dynamic lifestyle brand is built on the principle 'agent first, client first.' This focus has ignited change in the industry while their culture has created raving fans. The Realty ONE Group culture thrives on its belief that everyONE and everything matters, with a philosophy that everyONE has a voice – waking up to win and making a difference together as ONE. This philosophy has landed them in Inc.'s 500 for seven consecutive years and fueled their expansion into 65 offices in 15 states with nearly 8,000 agents. www.RealtyONEGroup.com. Follow them on Twitter and Facebook.
Media Contact:
Robert Pearson
Vice President of Marketing & Branding
Realty ONE Group
Phone: 949.468.5237
Email: [email protected]
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SOURCE Realty ONE Group