RISMEDIA, June 25, 2008-Avalar Network, Inc., parent company of Avalar Real Estate, has acquired Better Homes Realty and all of its associated franchise operations. According to the company, Avalar has become one of the fastest growing real estate franchises in North America, sharing millions of dollars with its franchisees, agents and staff through its trademarked “Path to Success®” revenue-sharing program.
“Combining the strengths of each brand will provide more opportunities to our members and prospective franchisees. In addition, being an agent-centric company, we pride ourselves on recognizing and compensating our members in return for building the organization through our patented revenue-sharing program. The program is designed to promote the recruitment and retention of productive agents,” says Chuck Scoble, president, CEO and founder of Avalar. “We firmly believe that affording our franchisees and their associates the flexibility to operate without the unnecessary micromanagement that so many franchisors seem to endorse, has been an integral reason for our success.”
Better Homes Realty began serving the Northern California market in 1964, later expanding throughout the state. Strong brand recognition coupled with an upscale approach to real estate was the catalyst that enabled the Better Homes Realty franchise to enter markets nationally; Better Homes Realty presently has 64 offices and upwards of 800 real estate professionals, 30% of whom hold a broker designation. With this level of professionalism, the company says it is no surprise that BHR is a leader in the industry with an excess of $1.5 billion in closed sales over the past 12 months.
Avalar, says the company, is an agent-centric and affordable franchise designed to enhance the recruitment and retention of top real estate professionals through its world-class agent training, state-of-the-art technology and patented revenue-sharing program that becomes a retirement income for brokers, agents and staff alike. Despite a changing market, Avalar Network, Inc. says its membership has grown 68% over the past 24 months and its office count will increase by 52% as a result of this acquisition.
Avalar Network, Inc. will represent both the Avalar brand and the Better Homes Realty brand, offering franchises nationwide and allowing brokers the flexibility to choose between two established brands and models.
For more information, visit www.avalar.biz.