Staff Reports | Real Property & Homes
Realty Executives International reports it is aligning its ownership structure across Arizona and re-establishing common ownership of the Phoenix and Yuma market territory.
This strategic move consolidates Realty Executives’ presence in Arizona under one ownership group, reaffirming its long-term investment and commitment to serving agents and clients statewide, according to a press release.
The company started 60 years ago in Phoenix and showcases approximately 5,500+ agents, the release states.
Under this change, Realty Executives International opted not to renew its agreement with the current Phoenix franchise. Instead, the company is inviting all existing agents in the Phoenix and Yuma region (approximately 600 real estate advisors) to join the newly integrated international network under the leadership of respected industry veteran Jeff Murtagh.
Mr. Murtagh, who currently leads the successful Tucson office, which includes Southern Arizona and Northern Arizona, will now oversee the Phoenix and Yuma operations as well, the release states.
Agents transitioning to the new Realty Executives Phoenix will retain access to current branding, signage and marketing collateral — ensuring a continuation of business. As a show of commitment to their success, Realty Executives is offering no monthly fees for the first six months to agents who join this newly unified brokerage by July 31.
“This move is about simplifying and strengthening the Realty Executives network in Arizona,” said Patrick van den Bossche, president of Realty Executives International. “We are creating an even more powerful, unified platform to support our agents, clients and communities — while maintaining business as usual for all involved.”
Realty Executives’ Arizona network will benefit further from the direct financial resources and strategic oversight of renowned Valley businessman David Tedesco, CEO and founder of Outlier and the ownership partner behind Realty Executives International.
“We are proud to bring the Phoenix and Yuma markets back into the core of our Arizona operations after the previous franchise structure,” said David Tedesco, CEO of Outlier and Realty Executives’ ownership group. “Our goal is to create the strongest real estate network in the state, and that means investing in great people, great tools and great leadership.”
