Platinum Realty merges with Dallas-based United Real Estate Group

The Kansas Town area’s second-most significant residential genuine estate business will merge with Dallas company United Genuine Estate Team.

With the merger, Overland Park-centered Platinum Realty gets to be portion of a firm that now has almost 20,000 actual estate brokers, according to a launch. This marks the to start with area outside the Midwest that Platinum will serve. The firm was working in Kansas, Missouri, Iowa, Nebraska and Oklahoma.

Platinum CEO Scott DeNeve reported his company would retain its brand and agent compensation program. Somewhat than cost agents a break up or share commission, which is typical at a lot of serious estate corporations, brokers shell out Platinum a flat fee for each transaction.

The merger will assist Platinum “achieve much more leverage with United’s potent nationwide network and market-main engineering, agent resources and expert services,” DeNeve stated in the launch.

United operates in 30 states with 110 workplaces and much more than 16,000 brokers, according to the launch. The firm recorded extra than $21.5 billion in countrywide income quantity in 2021.

The organization already experienced a presence in Kansas Metropolis, rating No. 17 on the Record of prime regional household actual estate corporations. It had $315.75 million in community income last calendar year and 1,297 agents in the area. Its community places of work are at 2820 NW Barry Street in Kansas City.

“I have witnessed other important independents in the U.S. align with United Serious Estate Group about the past couple of yrs,” DeNeve reported in the launch. “They are knowing the strengths the connection delivers to their agents and firm.”

DeNeve’s company recorded $2.26 billion in local residential gross sales last yr, position 2nd to only ReeceNichols domestically. It utilized 1,554 brokers in 2021.

Each corporations have been rated on the Inc. 5000 list of swiftest-expanding private corporations in the U.S.

United True Estate Team also operates United Region Authentic Estate, a network of common and auction true estate specialists headquartered in Kansas City. This is United’s 3rd merger of 2022.