William Raveis Absolute Acreage has alloyed with The Fite Group Affluence Homes, a affluence absolute acreage close headquartered in Palm Beach, Florida.
“Together we will become the affluence absolute acreage assertive in Florida,” said Bill Raveis, founder, administrator and CEO of WRRE.
The accord – whose banking capacity were not accessible – gives WRRE a attendance in the high-end Florida markets of Palm Beach, West Palm Beach, Delray Beach, Jupiter, Palm Beach Gardens and Wellington. The Shelton, Connecticut-based allowance maintains over 130 offices with 4,000 agents.
The amalgamation will accomplish beneath the William Raveis name, with the cast actuality formed out over the aing six months, according to David Fite. He and Nadine Fite – Fite Group founder/principal and arch business officer, appropriately – will abide arch the Palm Beach firm’s four offices and 100 agents.
The Fite Group ahead had an amalgamation with New York-based Town Residential that began in June 2017 and concluded afterwards Town bankrupt beforehand this year.
Fite and Raveis are attractive to capitalize on anniversary other’s markets, abnormally as added affluent northeastern association from markets like Greenwich, Wester County and Manhattan accede affective to South Florida, partly due to changes in tax laws. Eighty-five percent of new association in Palm Beach County are advancing from New York, New Jersey and Connecticut, according to David Fite.
The Fite Group has completed added than $5 billion in sales back it was founded about 10 years ago. WRRE completed $10.2 billion in sales aftermost year.
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