Century 21 Real Estate LLC, a subsidiary of Realogy Holdings Corp., has announced the renewal of the franchise agreement of its two largest independent franchisees, CENTURY 21 Affiliated in Madison, Wisconsin and CENTURY 21 New Millennium in Alexandria, Virginia.
"For two industry juggernauts like CENTURY 21 Affiliated and CENTURY 21 New Millennium to make the proactive decision to remain affiliated with our brand, after conducting their due diligence on all available options and market opportunities, is further affirmation of our capabilities as a global organization, and to the overall value of the innovative technology, tools and learning suite of products and services we deliver to our System each and every day," said Rick Davidson, president and chief executive officer, Century 21 Real Estate LLC. "We honor the trust and confidence from these valued companies, and will remain focused on helping them [to] grow and to operate more successfully while attracting the attention of consumers and sales professionals who want the value proposition they bring to the market."
CENTURY 21 New Millennium was established in 1998 and now has 19 locations in the greater Washington, D.C. area.
"The CENTURY 21 brand has been a tremendous partner in our company's growth and success," said Todd Hetherington, CEO and co-owner of CENTURY 21 New Millennium. "Their accessibility and enthusiastic support of our organization's goals made the decision to renew very easy."
CENTURY 21 Affiliated on the other hand, started in July 1, 1978, and now has 83 offices in Wisconsin, Illinois, Indiana, Michigan and Minnesota.
"Over the last five years, CENTURY 21 Affiliated has more than tripled in size, now representing over 80 offices, 1,700 sales professionals and 13,000 annual homes sold, and we certainly would not have had this type of growth without the ongoing support from the CENTURY 21 brand," explained Dan Kruse, president and chief executive officer of CENTURY 21 Affiliated. "We're a proud franchisee of the CENTURY 21 system. Their innovative thinking embraces our strategy for new market growth and supports our overall business model."
With the renewal of the two franchisees, Century 21 will now have a total of 101 independent offices and over 2,500 affiliated agents in communities throughout Illinois, Indiana, Maryland, Michigan, Minnesota, Washington D.C., Wisconsin and Virginia, according to their press release in PR NewsWire.
