Realogy Holdings Corp recently announced a new industry partnership with the National Association of Minority Mortgage Bankers of America (NAMMBA) designed to attract and support real estate professionals from diverse communities with impactful careers in real estate.
Through the partnership, real estate brokers and agents affiliated with Realogy’s brands—including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA® and Sotheby’s International Realty®—will have access to free NAMMBA memberships for the first year, as well as exclusive access to focused training, new-hire programs, leadership development opportunities and other resources.
“An advocate for equality and inclusion, Realogy is igniting change in neighborhoods across the globe by empowering diverse communities to own their future through homeownership, entrepreneurship and employment opportunities via programs, initiatives and partnerships like this one,” said Jason Riveiro, senior director, Global Growth Markets & Inclusion at Realogy. “By partnering with NAMMBA, a true industry ambassador committed to helping diverse real estate professionals build their careers, we can further build a pipeline of future leaders who can bring change to the industry and are poised to guide a growing population of diverse communities who are ready to become homeowners.”
As part of the partnership, CENTURY 21® will bring the brand’s training opportunities to NAMMBA members across the industry on topics such as business planning.
“At CENTURY 21, we believe that we can only provide the highest level of service when the people within our system reflect the same diversity as the communities we serve every day,” said Bryon Ellington, chief development officer at CENTURY 21®. “We are committed to providing the best agent training to this new group of diverse agents, empowering them to reach their full potential.”
“For years, Realogy has supported the NAMMBA mission through its longstanding commitment to diversity and inclusion,” said Tony Thompson, NAMMBA founder and CEO. “Today’s partnership news expands this effort by reaching more professionals, equipping them with the tools they need to succeed.”
By attracting more diverse professionals to real estate, NAMMBA and Realogy are helping to meet the need for representation within the profession to enhance support of growing mortgage-ready diverse communities. According to NAMMBA, over the next five years, 75% of all first-time homebuyers will be women, millennials or people of color. According to NAMMBA’s most recent mortgage market forecast, the three largest diverse borrower groups (Asians, African Americans and Hispanics) generated more than $292 billion in purchase opportunity in 2020, which amounts to 24.2% of all purchase dollar opportunities.
For more information, please visit www.realogy.com.