Coldwell Banker Real Estate LLC is an American real estate franchise owned by Realogy with its headquarters in Madison, New Jersey. The company was founded in 1906 in San Francisco, and has about 3,000 offices in 49 countries and regions. This publishes an annual house price guide, House Listing Report .
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History
After the devastating 1906 San Francisco earthquake, Albert Nion Tucker, Colbert Coldwell and John Conant Lynch formed Tucker, Lynch and Coldwell on August 27, 1906. Benjamin Arthur Banker joined the company as a salesman in 1913, and became a partner in 1914 The company changed its name to Coldwell Banker in the same year. Banker and Coldwell remain active in the company throughout their lives.
In 1920, Coldwell Banker moved into a three-story building in San Francisco. It opened an office in Phoenix, Arizona, the first outside of California, in 1952. In the 1970s the company expanded by acquiring companies in Atlanta, Chicago, and Washington, D.C. The first international Coldwell Banker office opened in Toronto, Canada in 1996.
Coldwell Banker became a company in 1961, and went public in 1968. In 1981, it was purchased by Sears, Roebuck, and became part of the Sears Financial Network. Sears sold it to Fremont Group, a California investment firm, for $ 230 million in 1993. It was sold to HFS Inc., then Cendant, in 1996. When Cendant broke up in 2006, the real estate business was shown as Realogy, which was sold to Apollo Management is approximately $ 7.75 billion.
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Philanthropy
In 2006, helped raise $ 5 million to support 100 Habitat for Humanity homes to commemorate the 100th anniversary. In February 2015, they collaborated with Adopt-a-Pet.com, a dog adoption website.
References
Source of the article : Wikipedia
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