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Published byGwendolyn Gibson Modified over 9 years ago
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Royal LePage Real Estate Brokers Meeting July 2004
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Summary of Canadian Real Estate Franchising Activity January 1 – June 30 2004 Source: Real Estate Magazine (REM)
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0 New Franchises –Lost 1 Franchise to ReMax – Broker Peter Mueller- 31 Agents in Scarborough Master Franchisor Completed a Going-Private Initiative Re-Flagging, M&A’s
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Re-Flagging, M&A’s Cont… Mississauga, Ontario –Added 3 Sales Associates, –Broker Ann Huynh –Lost 3 offices - Royal LePage, Prudential & Coldwell Banker
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Prince George, British Columbia –Broker Sid Doucette –8 Sales Associates –Formerly Century 21 Re-Flagging, M&A’s Cont…
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1 New Office in Edmonton, Alberta –Added 8 Sales Associates –Emailed letter to offices “We are actively searching for a Broker(s) /Partner(s) in the Brantford, Cambridge and London areas. We would like to determine your current status and future interest. If you are Broker certified, and in a position to consider owning / managing a potentially fantastic real estate franchise, we would like to hear from you. Please reply so that we may record your interest. “
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Parksville British Columbia (Vancouver Island) –Added 8 Sales Associates (announcement 14) –Brokers Wayne Drumbell & Howard Story –Formerly Homelife –Lost 2 offices- Royal LePage & GMAC Re-Flagging, M&A’s Cont…
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Greenwood Nova Scotia, –Added 8 Sales Associates –Broker Ron Fleming –Formerly Coldwell Banker Re-Flagging, M&A’s Cont…
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Halifax Nova Scotia, –Added 9 Sales Associates –Broker Francis MacDonald & Davis Sala –Start-up Re-Flagging, M&A’s Cont…
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Scarborough, Ontario –Acquired 31 Sales Associates and a new location –Broker Frank Colatosti –Total 6 office’s Toronto Area –Formerly Sutton ReMax lost 2 offices – Royal LePage Re-Flagging, M&A’s Cont…
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Woodbridge, Ontario –Added 1 Sales Associate –Broker Rajendra Sagar –Formerly Independent Lost 1 Office - Independent Re-Flagging, M&A’s Cont…
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Toronto, Ontario –Added 9 Sales Associates –Broker Vivendra Srivastava –Start-up Re-Flagging, M&A’s Cont…
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Kelowna, British Columbia –Added 2 Sales Associates –Brokers Ken & Grant Weibe –Start-up Re-Flagging, M&A’s Cont…
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Penticton British Columbia –Added 4 Sales Associates –Broker Bill Binfet –Start-up Re-Flagging, M&A’s Cont…
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Kamloops, British Columbia –Added 7 Sales Associates –Broker Craig McIntyre –Start-up Re-Flagging, M&A’s Cont…
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Edmonton, Alberta –Added 6 Sales Associates –Broker Tom Stratton –Start-up Re-Flagging, M&A’s Cont…
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Grand Falls, Newfoundland –Added 2 Sales Associates –Broker Colin Power –Start-up Re-Flagging, M&A’s Cont…
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Calgary, Alberta –Added 41 Sales Associates (75 Listings 2003 Per IMS ) –Broker Tim Crough –Formerly Independent Toole Peet Re-Flagging, M&A’s Cont…
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Steinbach, Manitoba –Added 17 Sales Associates –Broker Bob Schinkel –Formerly Homelife Re-Flagging, M&A’s Cont…
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Red Deer, Alberta –Added 5 Sales Associates –Broker Darryl Sim –Formerly Independent Re-Flagging, M&A’s Cont…
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Charlottetown, Prince Edward Island –Added 14 Sales Associates –Brokers Jim Matheson & Blair Fraser –Start-up Re-Flagging, M&A’s Cont…
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Toronto, Ontario –Added 40 Sales Associates –Broker Jim Sturino –Formerly Coldwell Banker Re-Flagging, M&A’s Cont…
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Fernie, British Columbia –Added 7 Sales Associates –Broker Candace Grey –Formerly Homelife –# 1 Market Share Re-Flagging, M&A’s Cont…
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Bancroft, Ontario –Added 7 Sales Associates –Broker Sharon White –Formerly Independent Re-Flagging, M&A’s Cont…
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Nakusp & Revelstoke British Columbia –Added 6 Sales Associates –Broker Ken Marshall –Formerly Independent Re-Flagging, M&A’s Cont…
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Jasper, Alberta –Added 1 Sales Associate –Broker Richard Potter –Formerly ReMax –# 1 Market Share Re-Flagging, M&A’s Cont…
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Campbellton New Brunswick –Added 5 Sales Associates –Broker Dudley Clark –# 1 Market Share Re-Flagging, M&A’s Cont…
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Sherbrooke, Quebec –Added 4 Sales Associates –Broker Jean-Francois Toutant –Formerly ReMax Re-Flagging, M&A’s Cont…
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No announcements in REM 9 Offices in Canada 297 sales associates
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Summary of Agents Added Y-T-D By Franchise System (Without Trans-Action)
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Conversion update: Le Groupe Trans-Action
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Le Groupe Trans-Action on acquisition day Quebec franchisor founded 20 years ago 3 owners : –Marcel Imbeault (still Executive vice president of Le Groupe Trans-Action) –Jean Limoges (RLP Limoges) –Pierre Tanguay (RLP Multi-Services) 360 agents in 53 franchises 75 locations Gross revenue of 23.8 millions for 2002
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Exposure to many new markets Montreal region: Ahuntsic, Villeray/Rosemont, Repentigny/Le Gardeur, Verdun, Pierrefonds, Mercier, Rivière-des-Prairies North Shore: Rosemère, Mont-Laurier South shore: St-Basile-le-Grand, St-Hyacinthe, Mont St-Hilaire, St-Denis, Farnham Other: Joliette, Rivière-du-Loup, Charlevoix, Beauce
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Following acquisition day Dominic St-Pierre (Director of franchise services for the Quebec region) and Marcel Imbeault (Executive Vice President of Le Groupe Trans-Action) visited every TA offices. 3 options were presented to them: –Become a RLP franchisee –Remain with TA –Merge with one of our existing franchisee
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Offices who converted to RLP
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Offices who signed a letter of intent
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Offices who have not committed
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Offices who left TA
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Summary 22 new franchises with 31 locations 3 mergers Converted 239 agents Hired a net amount of 36 agents since converted RLP exposure in 17 new markets 19 agents in 4 offices are committed to convert
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Summary of Agents Added Y-T-D By Franchise System (With Trans-Action)
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