On October 11, 2012 The Puget Sound Business Journal recognized Realogics Sotheby’s International Realty (RSIR) as the second fastest growing private company in Washington State. According to the report released today in the newspaper and online, RSIR experienced revenue growth of 774.37% between 2009 and 2011, just one percent different from the top position.
During the much anticipated annual event, attended this year by more than 400 business leaders, owner Stacy Jones was joined by her parents John and Kathie Truax as well as top-producing RSIR brokers. In attendance was Moira Holley,Chris Doucet, Sam Cunningham,Jim Stroupe, Julie Roh and Dennis Paige as well as RSIR Designated Broker and Director of Sales, Chad Zinda. Co-owner Dean Jones was unable to attend as he attended another event that evening as the judge at the LUXE Magazine Battle of the Chefs fundraiser.
“We are honored to receive this recognition among such an impressive number of successful companies,” said Stacy. “It was the hard work, commitment and determination of so many that laid the foundation for our company to grow.”
On behalf of the company, Stacy thanked Sam Cunningham who was the first employee and the initial Designated Broker of the new brokerage (and is now a top broker) and also noted the many contributions of Chris Rossman (who wasn’t in attendance). She further recognized Moira Holley, Scott Wasner, Jim Stroupe, Julie Roh and also Dennis Paige for being Founding Directors of the Seattle and Bainbridge Island branches, respectively. Also recognized were the early broker recruits including Melanie McCarthy, Connie Blumenthal and Chris Doucet who were among the first to join a brokerage start-up with many more to follow.
“This is a timely opportunity to thank everyone who believed in us from the onset – certainly the path of least resistance was the status-quo rather than creating or joining a new brokerage,” added Stacy. “But together we proved there was plenty of room in our marketplace for a new Brand and a new approach to this industry. I see a bright future for all of us.”
According to Stacy the dramatic rise in sales revenue and net commission income is a direct product of recruiting top producing brokers to RSIR and further developing their business under the Sotheby’s International Realty Brand. An internal report published by Chad Zinda tallies the growth of brokers under the Brand using NWMLS statistics. It samples the top fifteen brokers to compare their past year with RSIR from October 1, 2011 – September 30, 2012 and the same period before they joined the company. Collectively, the total dollar volume of sales production increased by 250%; the total number of sales increased by 192%; and the average sales prices increased by 130%.
“After a couple of years of operation the result of our brokerage practice is definitive,” said Chad. “Talented brokers are leveraging the unmatched marketing resources of this Brand to build market share and increase their production. We’ve developed a business model that rewards the broker and the owner in lockstep while providing a greater service to our valued clientele. I have no doubt we’ll continue to see impressive expansion at Realogics Sotheby’s International Realty.”