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History Of The Century 21 Real Estate Company

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History Of The Century 21 Real Estate Company

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Home Page > Finance > Real Estate > History Of The Century 21 Real Estate Company

History Of The Century 21 Real Estate Company

Posted: Feb 23, 2009 | Views: 145 |

The Century 21 Real Estate company was founded by Art Bartlett and Marsh Fisher in California in 1971. In 1977, the two initiated a public offering on the stock exchange in order to raise capital to expand their company throughout the U.S.. By 1984, the Century 21 Real Estate company which bought entirely by the Metropolitan Life Insurance company. Century 21 Real Estate, like many other real estate companies in the 1980s became the target of financial companies wanting to add additional services to their lines of products.

In 1995, Century 21 Real Estate was sold to HFS, a hotel, and real estate franchisor. Subsequently, Cendant and HFS merged and the real estate division, which spun off The new parent company, Realogy, Coldwell Banker would then control and ERA, as well as Century 21 Real Estate. Realogy put this in 25% of every residential real estate transaction conducted in the United States.

The Century 21 Real Estate System has more than 8.100 independently owned and operated offices that employ in excess of 140 000 real estate sales professionals worldwide. Practically every major city in the United States, and a large Majority of smaller cities, has at least one branch office Century 21 Real Estate.

Real estate brokers, licensed by their respective state or jurisdiction independently own their own office. The Century 21 Real Estate company franchisor provides support along with the MLS (Multi-List Service) to help bring clients to the individual in their office location.

The progressive systems and technology utilizes in Century 21 Real Estate in effort to pair buyers and sellers through their web sites and Internet Presence Makes it easier for anyone, anywhere in the world to find property and deal with a local agent. This process has greatly improved the worldwide real estate market over the way business was conducted four decades ago.

Although every office is independently owned and operated, the Century 21 Real Estate corporate office has the right to terminate a franchisee if they should be involved in illegal activities or break the franchise agreement. This added protection for the consumer means that you have the backing of the corporate offices of Century 21 Real Estate.

The corporate offices are located in Parsippany, NJ in the United States. A recent press release shows the company has added more than 1500 new professional agents as well as 11 new branch offices. Although many would argue the home buying market is in a slump, the recent activity at many of these realtors would suggest otherwise. A further release has indicated the Albanian and Hispanic markets are expanded with Century 21 Real Estate offices.

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Wob Jonson –
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Learn more about Century 21 Real Estate and real estate in general.

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I have started work with real estate company, where i have to sell the flats.what should i do to make my carrier in this industry?
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