Industry News

HomeServices buys Alabama brokerage

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HomeServices of America's RealtySouth has acquired Auburn, Ala.-based First Realty. Neither the size of the professional staff nor the value of the transaction was disclosed. "Expanding our presence in Alabama is part of our long-term strategy, and this acquisition moves us closer to our goal," said Ron Peltier, president and chief executive officer of HomeServices. "First Realty is a top-quality firm, and its affiliation with HomeServices will enable it to offer an expanded level of products and services to its customers and advanced technological tools to its talented sales associates." Minneapolis, Minn.-based HomeServices of America Inc. is a full-service residential real estate brokerage company and settlement services provider. HomeServices operates in 16 states under the following brand names: Carol Jones Realty; CBSHOME Real Estate; Champion Realty; Edina Realty; Esslinger-Wooten-Maxwell Realtors; First Realty; First Realty/GMAC; HOME Real Estate; Iowa Realty; Jenny Pruitt...