Florida, Kansas and Kentucky are now home to the latest HomeSmart franchises sold in the first quarter. HomeSmart International, a franchisor of transaction-based residential real estate brokerages since 2006, has been consistently increasing its footprint. It opened 42 offices since April 2017.
“HomeSmart is committed to adding great franchises that will excel, rather than a large quantity of franchises saturating the same market,” said Matt Widdows, HomeSmart International CEO and founder. “Our franchises are regularly being recognized on distinguished lists and reports in our industry. At HomeSmart, we’re all about quality over quantity.”
Sixteen HomeSmart International franchises were included in the REAL Trends 500 report based on 2017 growth and performance, three of which made the Top 500 list of the largest brokerages in the U.S. including HomeSmart at No. 5 based on closed transaction sides and sales volume.
“Real estate professionals are attracted to our innovative technology and integrated brokerage business systems, and we’re very excited to welcome our new franchisees aboard,” said Wendy Forsythe, COO of HomeSmart International. “We are currently growing our Franchise Success team, so we can properly advise and consult our franchises to support their growth and success.”
HomeSmart International saw a 28 percent year-over-year increase in agent count. The franchisor also saw a 33 percent year-over-year increase in franchise sales for the first quarter. This success has been achieved as a result of the aggressive growth strategy put in place by HomeSmart International’s executive team last year.
The fast-growing franchisor finished first quarter 2018 with the acquisition of a former Coldwell Banker brokerage in Mesa, Ariz., following the 1,514-agent acquisition of Denver brokerage Cherry Creek Properties in May 2017.
