Global real estate franchisor expands to U.S.

Harcourts International, Altera Real Estate form new company

A large California-based real estate brokerage with more than 700 agents announced a joint venture with a major international franchisor this week.

Altera Real Estate is forming a new company, Harcourts Pacific, with New Zealand-based franchisor Harcourts International. Harcourts has more than 630 offices and more than 4,000 agents in nine countries: New Zealand, Australia, South Africa, China, Fiji, Indonesia, Zambia, and Singapore.