(Dallas, Texas) – United® Real Estate (United)
announced today that Pearson Smith Realty has merged with
United’s national network. The alliance expands United’s and Pearson Smith
Realty’s service footprint in Metro DC, Maryland, Virginia and West Virginia.
The dynamic partnership
brings together Pearson Smith Realty, the youngest company ranking among
the Top 100 real estate companies in the
nation, and United Real Estate, the 7th largest and fastest growing independent real estate
operation in the nation. Pearson Smith Realty is a top ten
market share leader and an Inc. 5000 fastest-growing company,
moving from 17 agents in 2014 to more than 1,000 agents today. The merger increases
United’s network to more than 21,000 agents in 630 offices globally.
“Pearson Smith Realty and United Real Estate share the same
agent-centric model where support and culture are at the heart of our
operations. By combining our programs, resources and talent, we are creating
exciting opportunities for our agents to serve their clients with excellence.
Our agents are our stars, and we will continue to work to make them shine in
our marketplace,” stated Eric Pearson, Chief Executive Officer and Co-Founder
of Pearson Smith Realty.
“We are thrilled to welcome Pearson Smith Realty and their
incredible team of agents, brokers and staff to the United Real Estate
organization. From our initial meetings with Eric and Chuck nearly a year ago,
to attending and seeing first-hand the energy and excitement of Pearson Smith’s
agents at their St. Patrick’s Day Agent Awards and Recognition Celebration, it
was apparent that our organizations are culturally aligned and well-positioned
for the future with our agents as our North Star,” stated Dan Duffy, Chief
Executive Officer of United Real Estate Group. “For every ten brokerages we
consider investing in, we move forward with less than one. We are really
excited to incorporate a number of Pearson Smith Realty’s best-in-class
offerings into our national agent and broker programs. It is rewarding to see
the excitement of Eric and his team as they discover the advantages of being
part of United and determine how best to leverage our resources and technology
to strengthen their offering in the markets they currently serve.”
“Eric and his team are a powerful force. They have developed
processes and systems we are busily integrating with United’s to benefit our
national network. When two fast-growing, dominant companies combine their
tools, resources, leadership and agent talent, it becomes a catalyst for growth
for both. While other companies are shrinking or pulling back on expansion,
United continues to make the necessary investments for smart growth into the
future. Our alliance greatly strengthens our existing operations along the East
Coast,” said Rick Haase, President of United Real Estate.
Together, Pearson Smith
Realty and United’s DC Metro Region office will now serve clients in the
multi-state region. Pearson Smith Realty will retain its company name and
leadership team moving forward, but now with the national reach, referral
network, technology and breadth of resources of United’s national network. In
turn, United benefits from Pearson Smith Realty’s deep well of talent and
powerful programs that have fueled its growth.
“United Real Estate’s vision is continuous growth with a focus on
adding value for agents and their clients. Welcoming Pearson Smith Realty to
our national network strengthens us regionally and nationwide with proven
systems and an extended service footprint. I look forward to what the future
holds for our agents and clients,” said Zhanneta Nekrich, Regional Vice
President of United DC Metro Region.
“Our model has always been to hire great agents and to support
them with the best resources and tools. We firmly believe that our partnership
with United Real Estate will take us to the next level in providing that
support. We look forward to working with the United Team to help our agents win
in this very competitive market,” added Chuck Smith, Chief Financial Officer
and Co-Founder of Pearson Smith Realty.
The merger with Pearson
Smith Realty follows previous mergers with Platinum
Realty, Leading Edge Real Estate Group, Texas
United Realty, Virtual
Properties Realty, Benchmark
Realty, Charles Rutenberg Realty Fort Lauderdale and
others yet to be announced.
To learn more about United
Real Estate, brokerage succession planning, brokerage valuation and sale or
franchising opportunities, visit GrowWithUnited.com or call
888-960-0606. Agents interested in learning about career opportunities with
United Real Estate can visit JoinUnitedRealEstate.com or
call 888-960-0606.
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 139
offices and more than 17,500 agents. The company produced over $21.5 billion in
sales volume in 2021.
About Pearson Smith Realty
Pearson Smith Realty is a full-service
brokerage serving Virginia, Maryland, DC, and West Virginia. Since its founding
in 2014, it has grown from 17 agents to nearly 1,000 agents today. Eric Pearson
and Chuck Smith founded the firm based on a core set of values: customer focus
and commitment to deliver value with respect, honesty, and personal
accountability. Pearson Smith Realty provides professional representation for
residential real estate, new homes, land and property management.
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 2.1 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 630
offices and over 21,000 real estate and auction professionals across four
continents. United Real Estate Group produced over $27.1 billion in 2021.
Through its in-house advertising agency, UREG offers differentiating marketing
support and collateral for specialized lifestyle property websites as well as
access to a 650,000+ opt-in buyer database. For more information about United
Real Estate or United Country Real Estate, please visit UnitedRealEstate.com or UnitedCountry.com.