Brokerage

Nashville-area broker signs up for RealtyTrac Network

Bob Parks Realty has more than 450 agents

Foreclosure data aggregator RealtyTrac has signed up one of the largest independent brokerages in the country, Bob Parks Realty, to its brokerage network. Brentwood, Tenn.-based Bob Parks Realty has 10 offices and more than 450 agents. By transaction sides, the brokerage is the second largest in the Nashville area, the 44th largest independent brokerage in the country, and the 94th largest brokerage overall in the U.S., according to Real Trends. The firm completed 4,691 transaction sides in 2012 involving homes valued at $1.18 billion. Irvine, Calif.-based RealtyTrac launched the RealtyTrac Network in February with charter members Prudential California Realty and Chase International. The company awards “licenses” in the network to franchised and independent brokerage companies on an exclusive basis in each market. Firms in the network receive exclusive leads, media exposure, loan information, property details and demographic data in exchange for local "tribal" knowledge...