A Top Ranked Puget Sound Coldwell Banker Office Thrives in the Midst of Declining Real Estate Market

Federal Way, WA (PressExposure) May 26, 2009 -- Coldwell Banker Danforth & Associates, Inc. (CBDA), a top ranking Coldwell Banker office in Puget Sound, announced its second expansion within six months. CBDA’s new office opened on May 13, 2009 and is located in the Northgate area of Seattle, Washington. It will support agents and their clients in North King County, Snohomish and Eastside areas.

“When the office opened, we already had more than 40 agents committed to join and we plan to grow to more than 100 agents by the end of the year,” said Dave Danforth, CBDA owner and designated broker. “We expect this will be CBDA’s largest office.”

CBDA has shown a strong track record of consistent growth throughout a variety of economic cycles – and has shown significant growth especially during the last two years. Founded in 1993 with just 38 agents, it has grown more than 800%, celebrating its 15th anniversary in October 2008 with 310 plus agents. Because of CBDA’s ability to offer real estate agents the best value proposition in the industry, the firm continues to chart robust growth while other major industry players have closed offices and/or consolidated branches.

Finding the “traditional” office concept no longer viable due to various factors including high overhead, CBDA agents mostly work out of their home offices. CBDA’s business model is effective because agents are charged a low monthly fee with control of their own expenses and the choice as to where they want to spend money. CBDA also helps agents achieve business success by providing them access to the latest technology tools, instantaneous lead routing to the agent’s cell phone, ongoing training opportunities, plus referral and marketing opportunities.

“I have been able to take the brokerage fees I saved with CBDA and put them back into my marketing budget, helping both me and my clients,” said Richard Corff, ‘360-Modern’ CBDA realtor and associated broker for Seattle and the Eastside. “CBDA has been very good for my business.”

CBDA’s proven track record of success is a magnet for agents. By eliminating the geographic boundaries that typically exist between a brokerage and agent, CBDA provides agents with more freedom to choose where they live and do business. CBDA also ensures agents have the web-based tools they need to give clients exceptional service. CBDA provides agents access to an intranet site along with an online contract storage system creating a paperless, virtual office ensuring agents on the go have the resources they need to access vital information when and where they need it.

“CBDA attracts quality real estate agents because we offer an industry best value proposition,” said Danforth. “We continue to find ways to help our agents ‘take control of their business’ with new technologies, while keeping our fees low and commission splits high—all this in addition to the internationally recognized name of Coldwell Banker.”

CBDA is a leader in both sales and service, receiving numerous national awards and recognition throughout the years.

•Chairman’s Circle: CBDA has received the Coldwell Banker Chairman’s Circle Award for the last five consecutive years. This exclusive recognition is awarded to the top offices nationally for highest Gross Commission Income.

•Nationally Ranked: The Federal Way CBDA office was ranked #11 in Gross Commission Income in 2008 out of approximately 2400 offices nationally and was the largest single Coldwell Banker office in the United States in 2008.

“It’s the best of both worlds!” finds Julia Galleher, South End CBDA Realtor, “Excellent support, cutting edge technology, and being a member of an internationally recognized real estate firm with the convenience of a home office.”

About Coldwell Banker

Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2007, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No.1 in real estate for the eighth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,600 residential real estate offices and 110,000 sales associates in 47 countries and territories. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated. Additional information about Coldwell Banker Danforth & Associates is available at: http://www.cbdanforth.com

About Coldwell Banker Danforth & Associates, Inc.

Media Contacts:

Gayle Duncan, Executive Options MarCom, gduncan@eomarcom.com, (206) 384-7079
Dave Danforth, Coldwell Banker Danforth & Associates, Inc., davedanforth@coldwellbanker.com, (253) 874-3200

Press Release Source: http://PressExposure.com/PR/Coldwell_Banker_Danforth_|_Associates,_Inc..html

Press Release Submitted On: May 26, 2009 at 10:55 am
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