Last $37.64 USD
Change Today -0.78 / -2.03%
Volume 1.7M
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As of 8:04 PM 09/29/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

175 Park Avenue

Madison, NJ 07940

United States

Phone: 973-407-2000

Fax:

Realogy Holdings Corp. provides residential real estate services in the U.S. Segments The company operates through four segments: Real Estate Franchise Services; Company Owned Real Estate Brokerage Services; Relocation Services; and Title and Settlement Services. Real Estate Franchise Services This segment operates as a franchisor of residential real estate brokerages in the world through the company’s portfolio of brokerage brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby's International Realty, and Better Homes and Gardens Real Estate. As of December 31, 2013, the company’s real estate franchise systems (inclusive of its company owned brokerage operations) had approximately 13,700 offices worldwide in 103 countries and territories. This included approximately 6,000 brokerage offices in the U.S. and approximately 247,800 independent sales associates worldwide, including approximately 170,300 independent sales associates operating under its franchise and proprietary brands in the U.S. The average tenure among U.S. franchisees was approximately 20 years. The company provides its franchisees with certain systems and tools that are designed to help its franchisees serve their customers and attract new or retain existing independent sales associates, and support its franchisees with servicing programs, technology, education and market information, as well as branding-related marketing, which is funded through contributions by its franchisees and the company (including the company owned brokerage offices). The company operates and maintains an Internet-based reporting system for its domestic franchisees, which allows them to electronically transmit listing information and other relevant reporting data to its Websites. It also owns and operates Websites for each of its brands for the benefit of its franchisees. In addition to offices owned and operated by the company’s franchisees, the company, through NRT LLC (NRT), own and operate approximately 700 offices under various names, such as Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby's International Realty, The Corcoran Group, and Citi Habitats. NRT pays intercompany royalty fees and marketing fees to the company’s Real Estate Franchise Services segment in connection with its operation of these offices. The company also offers third-party service providers an opportunity to market their products to its franchisees and their independent sales associates and customers through its Preferred Alliance Program. The company owns the trademarks Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, and related trademarks and logos, and such trademarks and logos are material to the businesses that are part of its real estate franchise segment. Its franchisees and its subsidiaries actively use these trademarks, and all of the material trademarks are registered (or have applications pending) with the United States Patent and Trademark Office, as well as with corresponding trademark offices in major countries worldwide where these businesses have operations. The company has a license to own, operate and franchise the Sotheby's International Realty brand to qualified residential real estate brokerage offices and individuals operating in eligible markets pursuant to a license agreement with SPTC Delaware LLC, a subsidiary of Sotheby's (Sotheby's). Such license agreement has a 100-year term, which consists of an initial 50-year term ending February 16, 2054 and a 50-year renewal option. In connection with its acquisition of such license, the company also acquired the domestic residential real estate brokerage operations of Sotheby's, which are operated by NRT. The company pays a licensing fee to Sotheby's for the use of the Sotheby's International Realty name equal to 9.5% of the net royalties earned by its Real Estate Franchise Services segment attributable to franchisees affiliated with the Sotheby's International Realty brand, including the company owned offices. The company has a long-term license agreement to own, operate, and franchise the Better Homes and Gardens Real Estate brand from Meredith. The l

 

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RLGY Competitors

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Company Last Change
CBRE Group Inc $30.01 USD +0.03
Jones Lang LaSalle Inc $126.70 USD +0.13
Sotheby's $36.00 USD +0.54
Trulia Inc $49.94 USD -1.35
Zillow Inc $119.33 USD -2.50
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Industry Analysis

RLGY

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Valuation RLGY Industry Range
Price/Earnings 12.5x
Price/Sales 1.1x
Price/Book 2.7x
Price/Cash Flow 8.9x
TEV/Sales 0.2x
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