{"id":3734,"date":"2022-12-01T21:25:01","date_gmt":"2022-12-01T21:25:01","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/12\/01\/lasting-impact-realogys-henry-silverman-brought-a-new-model-to-the-business\/"},"modified":"2025-03-13T02:48:10","modified_gmt":"2025-03-13T02:48:10","slug":"lasting-impact-realogys-henry-silverman-brought-a-new-model-to-the-business","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/12\/01\/lasting-impact-realogys-henry-silverman-brought-a-new-model-to-the-business\/","title":{"rendered":"Lasting Impact: Realogy’s Henry Silverman brought a new model to the business"},"content":{"rendered":"\n

Lasting Impact: Established that a brokerage enterprise could operate multiple real estate brands across markets<\/strong><\/p>\n\n\n\n

Originally known as HFS (Hospitality Franchise Systems), Silverman who led the development of a firm with multiple hotel brands, brought that thinking to the real estate brokerage franchise business.  <\/p>\n\n\n\n

Between 1995 and 1996 he acquired CENTURY 21<\/strong>, ERA<\/strong> and Coldwell Banker<\/strong>. Shortly thereafter, he added the nation\u2019s largest relocation management business \u2014 Homequity<\/strong> \u2014 to his stable of companies.  <\/p>\n\n\n\n

Between 2005 to 2007, the firm added license agreements for both Sotheby\u2019s<\/strong> and Better Homes and Gardens Real Estate<\/strong> brands, as well as moving into online real estate with the acquisition of Zip Realty<\/strong>.<\/p>\n\n\n\n

The industry\u2019s reaction to Silverman\u2019s moves was initially one of incredulousness. There had been no true thought that this was possible. Today, the successor to HFS\/Realogy<\/a> is Anywhere<\/strong> and is the largest combined seller of homes in the U.S., has more agents than anyone in the country and has two brands in the top four in terms of transactions closed.  Anywhere’s luxury brand \u2014 Sotheby\u2019s \u2014 has been one of the fastest growing franchises in the country over the past few years.<\/p>\n\n\n\n

Silverman\u2019s move to have multiple brands in markets opened the door for others to do the same as the years have passed. One example is with Berkshire Hathaway HomeServices<\/strong>, which operates in numerous markets with both Berkshire Hathaway branded firms and independent brokerage firms, some of which are owned by the parent company.  Other regional brokerage firms, such as Keyes<\/strong> and Real Estate One<\/strong> also operate more than one brand in their regional markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Originally known as HFS (Hospitality Franchise Systems), Silverman who led the development of a firm with multiple hotel brands, brought that thinking to the real estate brokerage franchise business with Realogy, now Anywhere.<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[27],"class_list":["post-3734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nLasting Impact: Realogy's Henry Silverman brought a new model to the business - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"Originally known as HFS (Hospitality Franchise Systems), Silverman who led the development of a firm with multiple hotel brands, brought that thinking to the real estate brokerage franchise business with Realogy, now Anywhere.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2022\/12\/01\/lasting-impact-realogys-henry-silverman-brought-a-new-model-to-the-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lasting Impact: Realogy's Henry Silverman brought a new model to the business\" \/>\n<meta property=\"og:description\" content=\"Originally known as HFS (Hospitality Franchise Systems), Silverman who led the development of a firm with multiple hotel brands, brought that thinking to the real estate brokerage franchise business with Realogy, now Anywhere.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2022\/12\/01\/lasting-impact-realogys-henry-silverman-brought-a-new-model-to-the-business\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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