Outsiders may never even have realized that they were separate companies, but the merger of two brokerages doing business as Berkshire Hathaway HomeServices Northwest Real Estate — one in Seattle and one in Portland — has created a regional powerhouse with 725 agents and “a tremendous amount of growth potential.”

That’s according to Minneapolis-based parent company HomeServices of America, which announced today that the president and CEO of the Portland brokerage, Jason Waugh, will assume that role for the combined companies. Mike Gain, president and CEO of the Seattle-based brokerage, will focus on acquisition and expansion strategies as “chairman emeritus.”

With 400 agents, the Seattle-based company was a little bigger than its sister brokerage in Portland, which was a few agents shy of 350. The combined company, which closed nearly $2.2 billion in sales in 2014, will serve not only the Seattle and Portland metro areas, but Central Oregon, the Yamhill County wine region and Oregon’s coastal communities.

When HomeServices of America acquired the Portland brokerage in 2012, it had nearly 500 agents who were affiliated with the Prudential Real Estate brand. Less than two months after entering the Pacific Northwest market with its acquisition of Portland-based Prudential Northwest Properties, HomeServices of America expanded its footprint by buying Seattle-based Prudential Northwest Realty Associates.

HomeServices of America ended up owning the Prudential Real Estate brand, too, and has been transitioning Prudential Real Estate affiliates to Warren Buffett’s new franchise brand, Berkshire Hathaway HomeServices.

Today McAllen, Texas-based Prudential Real Estate Professionals announced it has rebranded as Berkshire Hathaway HomeServices RGV Realty, along with Spencerport, New York-based Prudential Discover Real Estate, which has joined the network operating as Berkshire Hathaway HomeServices Discover Real Estate.

With nearly all of the brokerages that used to do business as Prudential Real Estate having made the switch, this year Berkshire Hathaway HomeServices will start signing up independent brokerages and companies affiliated with other brands, including overseas firms.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×