The residential brokerage has achieved a
four-year agent count growth rate of 35% since merging with United
Real Estate in 2020 and is now the largest in Georgia
ATLANTA, July 15,
2024 /PRNewswire/ -- United® | Virtual
Properties Realty (VPR), a leading independent real estate
brokerage, proudly announces a significant milestone, reaching
5,000 agents, posting an all-time record sales performance and a
four-year agent growth rate of 35% since merging with United Real
Estate in 2020 – a notable achievement given the current decline in
U.S. home sales.
We put much effort, due diligence and
safeguards into each merger so our partners maintain exceptional
performance.
Celebrating its 25th anniversary this year, United | VPR has
joined the elite ranks of independent, non-franchised brokerages
with this milestone, an accomplishment attained by less than 1% of
similar firms. Since its merger with United Real Estate, the firm
has experienced remarkable growth, expanding its agent count by
35%. United | VPR's year-over-year agent growth is 10%.
According to the National Association of REALTORS®,
U.S. home sales are down 2% year-over-year; yet despite this trend,
United | VPR posted a record 5,800 transactions year-to-date, up
15% year-over-year and outperforming the U.S. market by 17%. This
impressive growth has positioned the company as the largest real
estate brokerage in Georgia by
unit sales and agent count.
Steve Wagner, co-founder and CEO
of United | VPR and Executive Vice President of Training,
Education, and Development for United, commented, "For more than 20
years, we built a great company and team, and since our merger with
United Real Estate in 2020, we have really taken off. United has
exceeded all our expectations, and partnering was one of the best
business decisions we made. They have accelerated our recruiting,
retention and sales results and taken us to a new level of growth
we never thought possible, especially considering our downsized
market. Their offerings, such as affordable healthcare, debt
elimination tools & retirement planning and LeadBoost lead
generation system, have increased our value to agents and enhanced
our competitiveness."
Dan Duffy, CEO of United Real
Estate Group, explained United's unique process of bringing on new
companies, "We put much effort, due diligence and safeguards in
advance of each merger so our partners can maintain exceptional
performance without disruption and without losing agents in the
merger. Throughout our industry, mergers typically result in some
breakage, yet United has experienced none in any of our mergers
because of the scope of work we perform in advance. When
considering a company, we go beyond looking at performance numbers.
Talent, energy and fit are equally crucial, and we ensure that
companies and leaders joining us will find our partnership mutually
beneficial. United | VPR's recent success is a testament to the
product-market fit of United's flat-fee business model and
enterprise value products."
About United Real Estate
United Real Estate (United) – a division of United Real Estate
Group – was founded with the purpose of offering solutions to real
estate brokers and agents in the rapidly changing real estate
brokerage industry. United provides the latest training, marketing
and technology tools to agents and brokers under a flat-fee,
transaction-based agent commission model. By leveraging the
company's proprietary cloud-based Bullseye™ Agent & Broker
Productivity Platform, United delivers a more profitable outcome
for agents and brokers. United Real Estate operates in 32 states
with 159 offices and more than 21,000 agents. The company produced
over 70,000 transactions and $27.8
billion in sales volume in 2023.
About United Real Estate Group
United Real Estate Group (UREG) operates United Real Estate and
United Country Real Estate, addressing the unique market needs of
suburban, major metropolitan urban and rural markets. Utilizing the
cloud-based Bullseye™ Agent & Broker Productivity Platform,
UREG offers the latest training, marketing and technology tools
producing a significant competitive advantage. The platform
realizes a decade-long investment in virtual agent and brokerage
technology services and is powered by a 2.6 million listings data
warehouse generating over 3 million monthly visitors and 30,000+
leads per year. Together, the United Real Estate Group supports
more than 590 offices and over 23,100 real estate and auction
professionals across four continents. United Real Estate Group
produced more than 89,000 transactions and $35.2 billion in sales volume in 2023. Through
its in-house advertising agency, UREG offers differentiating
marketing support and collateral for specialized lifestyle property
websites as well as access to a 800,000+ opt-in buyer database. For
more information about United Real Estate or United Country Real
Estate, please visit
UnitedRealEstate.com or UnitedCountry.com.
To learn more about United Real Estate, brokerage succession
planning, brokerage valuation and sale or franchising
opportunities, visit GrowWithUnited.com. Agents interested in
learning about career opportunities with United Real Estate can
visit JoinUnitedRealEstate.com.
Media contact:
April Gonzalez, Media & Investor
Relations
AGonzalez@UnitedRealEstate.com
504-237-3500
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SOURCE United Real Estate