The Quintin Group of Keller Williams announced on Friday a merger with Resort Realty’s real estate sales division, expanding the New Jersey-based brokerage’s reach to North Carolina. The new enterprise will be known as Resort Realty powered by The Quintin Group at Keller Williams Realty Outer Banks.
Under the merger, senior leaders from The Quintin Group and Resort Realty will manage and train Resort Realty’s five-office real estate sales team located in Corolla, Duck, Kitty Hawk, Nags Head and Waves, North Carolina. Meanwhile, Resort Realty’s vacation rental management operations will stay under the leadership of Resort Realty CEO Stuart Pack.
“This combination brings together two successful real estate companies to create a world-class real estate firm supported by the number one real estate brokerage in the world, Keller Williams Realty International,” said Quintin Group CEO Jeff Quintin in a press release.
“This strategic partnership will allow real estate sales through The Quintin Group with support from Resort Realty’s vacation rental management firm and vice versa.”
In an emailed statement to Inman, Quintin elaborated on how The Quintin Group and Resort Realty’s operations will mesh.
“The Quintin Group has been successful selling resort/second home vacation properties since 1992,” he wrote. “The Quintin Group will be utilizing their sales and marketing techniques to increase production on the sales team all through supporting the rental division with increased homeowner rental listings and converting tenants that will become buyers.”
“The goal will be from a management perspective to ensure the vision and goals are clear and that both sales and property management are aligned to maximize all opportunities in the Outer Banks,” Quintin concluded.
With this partnership, The Quintin Group will now operate in five states including New Jersey, Pennsylvania, Florida, and both Carolinas, growing their agent count from nine to 31. Quintin’s team raked in $84.9 million in transaction volume in 2018 with 268 sales, and they’re on pace to meet or exceed that number with $56.4 million in transaction volume so far in 2019.
Resort Realty had an equally impressive 2018 with 186 sales representing $78.2 million in transaction volume. This year, they’ve closed 95 sales with $35.9 million in transaction volume.
“This collaboration will create a best in class real estate sales experience for those looking to reside or vacation on the Outer Banks,” said Resort Realty CEO Stuart Pack in a prepared statement. “The unparalleled resort market experience, local expertise and the exceptional reputation of Resort Realty will truly create a win-win for all involved in this partnership as well as the community.”