One of many oldest brokerage names in Chicagoland Actual Property will get a brand new model picture and a five-syllable haircut.
The previous Berkshire Hathaway HomeServices group Koenig Rubloff Realty Group will now be often called Berkshire Hathaway HomeServices Chicago, in line with a report from Crain's Chicago Enterprise.
The identify of 16 syllables is the results of a merger in 2014 between two well-known actual property manufacturers, Koenig and Rubloff. The mix of names and the already lengthy identify of Berkshire Hathaway HomeServices – which denotes that the corporate is a franchise of the Berkshire Hathaway model – has created a Frankenstein kind brokerage identify.
Mark Pasquesi, president of the brokerage agency, mentioned the change was led by purchasers and brokers, in line with Crain's.
"When householders and residential consumers speak to us, they name us Berkshire Hathaway," Pasques mentioned. "We listened to that."
Numerous brokers additionally contacted Crain to debate the change, noting that they had been happy that the Berkshire Hathaway model is on the heart of the identify, though an agent mentioned he didn’t assume she had sufficient model fairness available in the market. In response to the Swanepoel Mega 1000, Berkshire Hathaway HomeServices is the fourth largest actual property franchisor when it comes to transactions.
The mixed brokerage agency has roughly 25 workplaces in Illinois, Michigan, Indiana and Wisconsin.
E mail Patrick Kearns