Industry News

HomeServices buys Atlanta real estate company

Harry Norman, Realtors reported $3.6 billion sales volume in '05

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HomeServices of America Inc., a Berkshire Hathaway affiliate, today announced the acquisition of Harry Norman, Realtors, an Atlanta-area full-service real estate firm that offers brokerage, mortgage, title and insurance services. The 76-year-old Harry Norman, Realtors company is the third-largest residential real estate firm in Atlanta, with 20 offices and about 1,200 realtors. In 2005, the company said it closed about 9,400 transactions with a volume of $3.6 billion. HomeServices entered the Atlanta market in 2001 with the acquisition of Jenny Pruitt & Associates, Realtors. Harry Norman, Realtors and Jenny Pruitt will operate as independent brands, according to the company announcement. HomeServices has real estate brokerage operations in 19 states and 21,000 sales associates are affiliated with its companies. HomeServices has also acquired the Harry Norman, Realtors' interests in Academy Financial Services, Heritage Title and HN Insurance, according to the announcement. Academy...