Hat tip to Debbie from over at Baristanet for bringing this to my attention!
NRT LLC, the nation’s largest residential real estate brokerage company, today announced the merger of the operations of its two local operating companies based in New Jersey – Burgdorff Realtors ERA and Coldwell Banker Residential Brokerage in New Jersey & Rockland County, N.Y. The newly combined company will operate under the Coldwell Banker Residential Brokerage banner, further solidifying its market presence with a total of 63 offices and over 3,700 sales associates in the region.
“There was a time when operating both companies independent of each other in the same market made good business sense, but as the marketplace continues to evolve, this unification allows sales associates from both companies to better leverage their regional and national strength for the benefit of our customers,” said Bruce Zipf, president and CEO of NRT LLC, parent company of both Burgdorff ERA and Coldwell Banker Residential Brokerage. “We are committed to making this a smooth transition for our sales associates and our clients.”
NRT is assisting more than 600 current Burgdorff sales associates make the transition to Coldwell Banker Residential Brokerage in the coming days. As a result of the merger, seven of the 13 Burgdorff offices will be rebranded and operate as Coldwell Banker Residential Brokerage, and six Burgdorff offices will be consolidated into existing Coldwell Banker Residential Brokerage locations in the same communities. One Coldwell Banker Residential Brokerage office will be closed and merged into an existing company location in the same community.