Industry News

Real estate brokerage companies grow

HomeServices adds Huff Realty; Weichert picks up franchises in 3 states

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Two real estate brokerage companies -- HomeServices of America and Weichert Realtors -- have expanded on the East Coast and Midwest. HomeServices of America, a Berkshire Hathaway affiliate, has entered the Ohio and Northern Kentucky markets with the acquisition of Cincinnati-based Huff Realty, the company said Wednesday. Founded in 1975 with five sales associates and one office, Huff Realty, under the leadership and vision of Jim Huff, has grown to more than 700 sales associates and 12 offices -- three in northern Kentucky and nine in Ohio. Huff Realty has a mortgage lending company, Traditions Mortgage, and a title company, Traditions Title. With the addition of Huff Realty, HomeServices now has real estate brokerage operations in 19 states with more than 20,000 sales associates. Minneapolis, Minn.-based HomeServices of America is the second largest home services provider in the United States, with operating companies offering real estate brokerage services, mortgage lending, titl...