Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

Real estate franchisor and brokerage company Realogy Corp. said it posted a net loss of $99 million in 2010, despite 4 percent growth in annual revenue, to $4.1 billion.Realogy's franchise group -- which licenses brand names including Century 21, Coldwell Banker and ERA to independently owned brokerages -- boosted domestic franchise sales by 56 percent in 2010, Realogy said in its annual report to investors, adding new franchisees and sales associates with $322 million in gross commission income.Realogy's NRT subsidiary acquired nine real estate brokerages with 23 offices and 1,000 sales associates generating $60 million in annual gross commission income.Realogy said that at year-end, there were 264,000 sales agents in its franchise system, working out of 14,700 offices in the U.S. and 99 ...