Berkshire’s HomeServices Buys Guarantee Real Estate

HomeServices of America Inc., the home broker owned by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), said it bought Guarantee Real Estate to expand its presence in central California.

Guarantee, which is based in Fresno, California, operates 13 offices and in 2011 had $634 million in volume, Minneapolis- based HomeServices said today in an e-mailed statement. Terms of the deal weren’t disclosed.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net.

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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