A heads-up to the real estate business junkies in our audience: Prudential Preferred Properties is buying Rubloff Residential.
The Prudential / Rubloff news from Crain’s follows last week’s purchase of Koenig & Strey by Berkshire Hathaway’s HomeServices of America. Other mergers in the past year include Sudler Sotheby’s purchase of Century 21 Sussex & Reilly and the sale of Jameson Real Estate in August 2008 to the heads of CRF Marketing, formerly a Koenig & Strey team.
Any gamblers out there ready to predict the next brokerage buyout?
I’m a Rubloff sales agent and like what I see so far. My only hope is that the company culture stays similar (like a private, small company) and I continue to work under my managing broker, Darlene Little. There are lots of personal unknowns for the future in regard to each individual agent’s own situation.
But, from a client and property marketing stand-point, the tools offered to agents will be fanatastic (should agents choose to use them for their clients…and many DON’T).
Both companies have provided great Internet marketing, print material, training and data for agents. Both have respected agents in my view, so I would expect good things for our clients.