RETECHNOLOGY PREMIUM MARKETPLACE RELATED PRODUCTS | WEBINARS | SPECIAL OFFERS
You are viewing our site as a Broker, Switch Your View:
Agent | Broker Reset Filters to Default Back to List
Due to the ongoing situation with Covid-19, we are offering 3 months free on the agent monthly membership with coupon code: COVID-19A
UNLIMITED ACCESS
With an RE Technology membership you'll be able to view as many articles as you like, from any device that has a valid web browser.
Purchase AccountNOT INTERESTED?
RE Technology lets you freely read 5 pieces of content a Month. If you don't want to purchase an account then you'll be able to read new content again once next month rolls around. In the meantime feel free to continue looking around at what type of content we do publish, you'll be able sign up at any time if you later decide you want to be a member.
Browse the siteARE YOU ALREADY A MEMBER?
Sign into your accountTrend Spotter: Indie Broker Mergers in the San Fransisco Bay Area Continue to Build Momentum
September 05 2019
Red Oak Realty is a great company on the east side of the San Francisco Bay. Some of the major cities include Alameda, Albany, Berkeley, Emeryville, El Cerrito, Layfette, Concord, Walnut Creek, and of course, Oakland. This area provides a lucrative place for independent brokerage firms like Red Oak Realty to thrive.
Pacific Union was the last company to focus on independent firm mergers in this area before their sale to Compass. Now Red Oak Realty has announced an acquisition with Marvin Gardens Real Estate. The companies combine to host 160 real estate agents with a combined broker volume of $1.2 billion in sales across 1200 transactions (January through June 2019). Each company was about the same size.
WAV Group reached out to Vanessa Bergmark, CEO of Red Oak, to learn her perspective on the transaction.