Editor’s Note: This is the second in a new monthly series on affiliated companies. Our goal is to feature companies which have had history and experience with affiliated business to learn about their success and share the RESPA compliance lessons they have gained in these affiliations over time.
Berkshire Hathaway HomeServices Fox & Roach Realtors has been the No. 1 company in the Berkshire Hathaway network four years in a row out of more than 1,000 real estate companies across the country.
The Devon, Penn.-based brokerage’s market dominance is three times the market share of its nearest competitor.
Formerly Prudential Fox & Roach before being sold to Berkshire Hathaway in 2013, Fox & Roach Realtors has been in the region since 1886 in various capacities, the product of about 40 mergers and acquisitions.
BHHS Fox & Roach Realtors CEO Larry Flick V attributes the company’s continued growth in large part to its affiliated businesses. Through the Trident Group, the company provides one-stop shopping and facilitated services to its clients, including mortgage financing, title insurance, and property and casualty insurance.
“Trident Mortgage Co., our in-house mortgage company, is the No. 1 lender in the Philadelphia marketplace,” Flick told RESPA News. “And last year, we sold over 31,000 homes, over 12,000 title policies, over 7,000 mortgages and over 10,000 insurance policies.”
You can read the full article of the Fox & Roach Realtors success story in March’s issue or on RespaNews.com, and other stories each month hereafter. Also, find it here.