Industry News

Weichert grows real estate franchise network

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Weichert Real Estate Affiliates expanded from 70 affiliate offices last fall to a current 115 offices in 14 states, according to an announcement today. Weichert, based in Morris Plains, N.J., now has more than 12,800 sales associates and 270 total offices, including company-owned and franchised offices. Offices are located in Connecticut, New York, New Jersey, Pennsylvania, Massachusetts, Ohio, Delaware, Maryland, Virginia, Washington, D.C., North Carolina, South Carolina, Tennessee, Georgia, Florida and Texas. Affiliate offices are heavily concentrated in Florida, North Carolina and South Carolina. Martin J. Rueter, WREA president, said Weichert has a "strong favorable buzz" within the real estate industry, and that buzz is heightening interest among independent brokers. Wayne Murray, a broker in Houston who is one of the new Weichert affiliates, said, "We've visibly raised the bar in the Houston area. Already, we're seeing a major competitor try to mirror some of the new things ...