ERA® REAL ESTATE EXPANDS INTERNATIONAL FOOTPRINT WITH MASTER FRANCHISE AGREEMENT IN SPAIN
First Real Estate Brand to Expand Internationally Increases Presence in 34 Countries
MADISON, N.J. (May 31, 2022) – — ERA® Real Estate, a global franchising leader within the Realogy family of brands, announced today the signing of a master franchise agreement for Spain with ACL Consultores, SL. As a result, ERA Real Estate now has a global presence in 34 countries spanning across five continents.
ACL Consultores is led by Rafael (Rafa) Tarajano Carrillo and José Juan Muñoz de Campos, entrepreneurs with a long history and experience in the real estate brokerage sector, including successful franchise development in the Canary Islands.
The Spanish real estate market is one of the largest in Europe, with an estimated inventory of more than 26 million homes. According to Spain’s National Institute of Statistics, in 2021, 565,523 transactions took place, with new homes accounting for approximately 20% of total home sales.
ERA Spain will leverage ACL Consultores’ base in the Canary Islands to begin expansion offshore, followed by an expansion on mainland Spain.
The ERA brand’s powerful value proposition and extensive international network will play a significant role in fueling growth for ERA Spain.
ERA Real Estate is now present in 18 European countries with over 1,100 offices and 6,000 affiliated agents.
ERA Real Estate now has a presence in 34 countries and territories throughout Africa, Asia, Europe, and North America. It began franchising internationally in 1981, with Japan as the first in the real estate industry to expand outside of the U.S.
“As a global leader in real estate with over 40,000 affiliated agents worldwide, we are thrilled to have found great partners to expand the brand’s presence in Europe with a master franchise in Spain. Rafa and José Juan have a tremendous understanding of Spain’s real estate industry and where growth opportunities exist in the region and nationwide. They have recognized that franchising with ERA provided unique advantages to help build a successful company and support their expansion plans. We are excited to welcome ERA Spain to our Team ERA global network of real estate professionals.”
– Sherry Chris, President and CEO of ERA® Real Estate
“We are thrilled to partner with ERA Real Estate, to continue to grow globally and increase our presence in the European real estate market. Spain’s real estate industry is one of the engines of the country’s economy. We will continue our mission to bring value to our ERA franchisees and enhance the real estate profession. Together with one of the world leaders in the industry, we intend to not only build a highly successful business, but to also build a new family of first-class real estate professionals under the ERA Spain umbrella.”
– Rafa Tarajano, CEO/Founding Partner, ERA Spain
“The strength and confidence of the ERA brand, together with its capacity for innovation and adaptation to different markets and situations, will help ensure that our franchisees and agents become the “touchstone” in services and quality as a leader in the real estate market.”
– José Juan Muñoz de Campos, Director/Founding Partner, ERA Spain
About ERA Real Estate
At ERA® Real Estate, we don’t adapt to change, we create it. We believe that our core business values of collaboration, innovation, diversity and growth are needed now more than ever. As a global leader in the residential real estate industry for more than 40 years, the ERA brand was the first real estate franchise to expand internationally, the first to post listings online, and is the only national company that offers the Sellers Security® Plan program.
The ERA Real Estate network includes more than 40,000 affiliated brokers and independent sales associates and more than 2,300 offices throughout the United States and 34 other countries and territories. ERA Franchise Systems LLC (www.ERA.com) which operates the ERA Real Estate system, is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global provider of real estate services. ERA Real Estate information is available at TeamERA.com