Buffett’s Firm Adds Real Estate Brokers in 7 U.S. States

(Corrects name of Berkshire venture in first paragraph.)

Berkshire Hathaway HomeServices, a venture formed by Warren Buffett’s Berkshire Hathaway Inc., added nine real estate broker affiliates in seven states to its network as it seeks to benefit from the U.S. housing rebound.

The network signed affiliate agreements with two brokerages each in Texas and California, according to a statement released today. It also added brokerages in Delaware, New York, Georgia, Florida and Tennessee.

Berkshire owns HomeServices of America Inc., the second-largest residential broker in the U.S. The business has made acquisitions in states including Pennsylvania, Missouri, Oregon and Washington. Buffett, Berkshire’s 83-year-old chairman, has positioned the Omaha, Nebraska-based firm to expand with the housing market by investing in a brickmaker and building the largest stake in Wells Fargo & Co. (WFC), the top U.S. mortgage originator.

Realogy Holdings Corp. (RLGY)’s NRT LLC is the largest U.S. residential brokerage operator, with more than 700 company-owned offices under brands including Coldwell Banker and ERA.

To contact the reporter on this story: Dan Reichl in San Francisco at dreichl@bloomberg.net

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.