Staff Report | Real Estate and Home
Realty Executives International has realigned its ownership structure throughout Arizona, re-establishing common ownership in both the Phoenix and Yuma markets.
This strategic decision aims to solidify long-term investments and commitments to agents and clients statewide. The goal is to consolidate the real estate executives’ presence in Arizona under a single ownership group, as outlined in a recent press statement.
Founded in Phoenix 60 years ago, the company has since expanded to include over 5,500 agents, according to the announcement.
As part of this transition, Realty Executives International will not renew its franchise agreement with the current Phoenix franchise. Instead, it invites all existing agents—around 600 real estate advisors in Phoenix and Yuma—to join the newly unified international network, led by industry veteran Jev Maata.
Murtagh, who successfully manages Tucson offices covering southern and northern Arizona, will supervise operations for the Phoenix and Yuma regions, as mentioned in the release.
Agents will move to the new Real Estate Executive Phoenix, but they can still access current branding, signage, and marketing materials. This approach is designed to ensure business continuity. Furthermore, Realty Executives will waive monthly fees for the first six months for agents who join this newly unified brokerage by July 31.
“This move is intended to simplify and strengthen Arizona’s real estate executive network,” stated Patrick van Den Bossche, president of Realty Executives International. “We are creating a more robust and unified platform to support our agents, clients, and communities.”
The Arizona Network of Real Estate Executives will also benefit from the financial and strategic oversight of David Tedesco, CEO and founder of Outlier and a well-known businessman in the valley, who serves as ownership partner.
“After the previous franchise structure, we are excited to bring the Phoenix and Yuma markets back to the core of our Arizona operations,” remarked David Tedesco. “Our aim is to establish the most powerful real estate network in the state, which entails investing in skilled personnel, effective tools, and strong leadership.”
