Minneapolis Real Estate Heavyweights

Fazendin Realtors, state's largest independent firm, passes to new generation


The Twin Cities, however, is dominated by two firms, Coldwell Banker Burnet and Edina Realty, that were once family-run but now are affiliates of national firms. Edina Realty, for example, was founded by Emma Rovick, a housewife from south Minneapolis who started selling real estate to help raise money to buy her daughter a piano. The company is now an affiliate of Berkshire Hathaway’s HomeServices of America. Together, those two companies closed nearly 50,000 transaction sides (the listing and selling sides of a home sale) last year, according to Real Trends, a national real estate trends firm. The next biggest is ReMax Results, which had 16,165 transaction sides. Fazendin doesn’t report its transaction volume. Steve Murray, editor of Real Trends, said that Fazendin is one of only a few companies that have been owned and managed by the same family for three generations. Among all U.S. small businesses, fewer than 3 percent of them make it to the third generation.
Comment: We bought through Counselor Realty almost 19 years ago. We have been working with Ray Klotz of Edina Realty. Other realtor sites mentioned: Fazendin Realtors, Coldwell Banker Burnet, and ReMax Results . Our "go to" site for researching real estate is Edina. Image above is screen snip from website.

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