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Berkshire’s HomeServices Buys Guarantee Real Estate

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Jan. 9 (Bloomberg) -- HomeServices of America Inc., the home broker owned by Warren Buffett’s Berkshire Hathaway Inc., 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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