While Peltier has begun the leadership transition by naming Gino Blefari CEO of HomeServices of America, he remains intensely involved and the primary leader of the company as its executive chairman. As such, he remains one of the most powerful people in residential real estate in 2020.
In 2019, Berkshire Hathaway (NYSE: BRK.A) subsidiary HomeServices of America, the company Ron Peltier has helmed since 1996, became the country’s largest brokerage by annual transaction sides, unseating Realogy’s NRT in the process. (However, NRT is still the largest brokerage by annual sales volume, according to the 2019 Swanepoel Mega 1000, a sister publication of the SP200 and also owned by T3 Sixty.)
While HSA completed no mega-acquisitions in 2019 that compare to its blockbuster 2017 purchase of Long & Foster and its 2018 acquisitions of Ebby Halliday and BHHS Ambassador, four members of HSA’s franchise network acquired Southern California-based Tarbell Realtors and its 1,000 agents in 2019.
HSA’s revenues for the first nine months of 2019 increased by 5.1 percent from 2018 to $3.4 billion, and, even more impressively, its net profit increased by 18 percent to $150 million. HomeServices also has access to enormous amounts of capital as part of Berkshire Hathaway, and it will certainly be a player for large acquisitions of important regional companies in 2020 and beyond.