logo
Plus   Neg
Share
Email

Realogy Holdings Renames Operating Segments - Quick Facts

While reporting its financial results for the fourth quarter on Tuesday, Realogy Holdings Corp. (RLGY), a provider of residential real estate services in the U.S., said it is renaming its operating segments.

The company noted that the renaming of its operating segments does not change the operational or go-to-market approach for the companies or brands that fall within any of the three main units.

Realogy Holdings said that NRT, a brokerage operating the company-owned offices of Coldwell Banker, Corcoran and Sotheby's International Realty, will now be known as Realogy Brokerage Group.

Title Resource Group or TRG, Realogy's national title and settlement services business, will now be known as Realogy Title Group.

There will be no change to the name of Realogy Franchise Group, a franchisor of residential real estate brands.

"Renaming our operating and business segments further streamlines how we communicate our real estate service offerings and amplifies the Realogy name across the work we do," said Ryan Schneider, Realogy president and CEO.

In November 2019, Realogy entered into an agreement to sell the company's Cartus Relocation business, which is expected to close in the next several months.

As part of the transaction, Realogy will retain the Cartus affinity and broker-to-broker business as well as the Realogy Broker Network, which generate high-converting leads for Realogy's affiliated agents and franchisees.

The company said that the business to be retained will be included within the Realogy Franchise Group operating segment, commencing with the first quarter of 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Many retailers including Target, Walmart and CVS announced temporary store closures in various regions across the United States following violence and looting amid the unrest related to the death of George Floyd. The street protests, some peaceful and some violent, erupted across the nation after Floyd was mercilessly killed by Minnesota police. Nestle USA, a division of Swiss food major Nestlé, announced the recall of certain Lean Cuisine Fettuccini Alfredo products citing misbranding and the presence of an undeclared allergen. According to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS, the recall involves approximately 29,002 pounds of chicken products. Apple chief executive officer Tim Cook condemned the killing of an unarmed black man, George Floyd, and called for the creation of a "better, more just world for everyone," according to reports citing a memo to employees.
RELATED NEWS
Follow RTT