Brokerage

Jerry Reece steps down as CEO of HomeServices’ Reece & Nichols

Linda Vaughan takes over as new chief exec of Kansas City-area brokerage

Some 26 years after founding the firm that would become Reece & Nichols, Jerry Reece has stepped down as the brokerage's CEO. Linda Vaughan, Reece & Nichols' president, has taken on the CEO position. Reece will continue as chairman emeritus of the brokerage. He began his real estate career in 1970 with Kroh Brothers Realty Co. as a sales associate and in 1987 bought the brokerage’s residential real estate division, renaming it J.D. Reece Realtors. Berkshire Hathaway affiliate HomeServices of America acquired the firm in May 2001 and merged it with J.C. Nichols Residential Real Estate the following year. Reece was named the company's CEO and grew the company to more than 1,900 sales associates. “Jerry’s leadership, dedication and uncompromising commitment to his agents, employees and customers guided Reece & Nichols to its position as one of the largest and most successful companies within the HomeServices family,” said Ron Peltier, chairman and CEO of HomeServic...