Crye-Leike Moves Up From No. 10 to No. 6 Ranking in Nation Among Top 500 Real Estate Brokers

MEMPHIS, TN.- Crye-Leike, Realtors, the largest real estate company in Tennessee and the Mid-South, announced that it has attained the No. 6 national ranking among the nation’s largest and most successful residential brokerage firms, a new accomplishment for the 29-year-old organization.

 

In a research report prepared by REAL Trends, Inc., the leading provider of information and analysis for the residential real estate industry, (www.realtrends.com), Crye-Leike is up four notches from its No. 10 ranking in 2005. This ranking was based on Crye-Leike achieving 34,039 closed transaction sides among 65 branch offices in 2005.  Crye-Leike ranked No. 24 in closed sales volume at $5.6 billion in REAL Trends’ separate ranking by sales volume.  A transaction side represents either the listing side of the selling side of a closed transaction.

 

Chief Executive Officer Harold E. Crye credits the company’s success and No. 6 national ranking to its focused strategy on customer service and being a full-service brokerage firm.  “Our job as real estate professionals is to simplify our clients experience by providing those ?must-have’ services to complete the real estate transaction.”  To that end, Crye-Leike offers services such as mortgage, relocation, title, insurance and home services.

 

“If you surround your company with good people and give them the tools they need to succeed, then your company will grow to find success,” President Dick Leike says. “We offer aggressive agent training and education programs as well as make the investments in the latest technology to better support our agents,” he adds.

Other factors that Crye attributes to the company’s successful sales record in 2005 include entering the Metro Atlanta market, and adding and expanding offices in its Chattanooga, Greater Little Rock, Memphis and Nashville regions.

 

Tennessee real estate firms that ranked in the Top 500 during 2005 by closed residential transaction sides, along with Crye-Leike, include: Bob Parks Realty of Murfreesboro (No. 73); Realty Executives Associates, Inc. of Knoxville (No. 84); Coldwell Banker Barnes of Brentwood (No. 115); RE/MAX Elite of Brentwood (No. 136); Keller Williams Realty of Clarksville (No. 150); Coldwell Banker Wallace & Wallace of Knoxville (No. 172); Realty Center/GMAC of Chattanooga (No. 227); RE/MAX Preferred Properties, Inc. of Knoxville (No. 342); RE/MAX Choice Properties of Hendersonville (408); Prudential Professional Realty of Clarksville (No. 459); and Keller Williams Realty of Franklin (No. 463).

 

NRT, Incorporated of Parsippany, New Jersey led the REAL Trends 500 report as the largest residential brokerage company in the country, with over 1000 residential real estate offices across the United States and closing 493,000 residential transactions in 2005. A subsidiary of Cendant Corporation, NRT acquires residential real estate brokerage firms and operates them as franchise affiliates Coldwell Banker, ERA, and Sotheby’s International Realty.

 

REAL Trends (www.realtrends.com) is a research, publishing and communications company, located in Denver, Colorado, that serves the information needs of the residential real estate industry.

 

Crye-Leike? (www.crye-leike.com), a full service real estate company for 29 years, is the nation’s 6th largest real estate company and the largest in the Mid-South.  It has a network of over 3,000 sales associates and 95 corporate and franchise offices located in 53 counties throughout a seven-state southern region in Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky and Mississippi.  In 2005, the Crye-Leike organization attained sales of $5.6 billion with 34,039 closed transaction sides.

 

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