President And CEO Of Realty Executives

Bill Powers Named President and CEO of Realty Executives International

PHOENIX, AZ – May 20 – Rich Rector today announced the promotion of Bill Powers to the position of president and CEO of Realty Executives International. Powers, who has held the position of vice president and chief operating officer for the privately held company since 1987, will assume his new responsibilities effective immediately.

As part of his announcement, Rector stated that he will remain as chairman of the company’s Board of Directors. Rector is the son of Realty Executives’ founder Dale Rector, and is, along with his wife Robyn Lee Dependahl, majority shareholder of Realty Executives International, as well as owner of its Phoenix franchise, one of the nation’s top 10 real estate brokerage firms.

“Bill’s professionalism and performance have been instrumental in our company’s growth over the past five years,” said Rector. “Under his leadership, I am confident that our brand will continue to enjoy unprecedented success.”

In his expanded role with the company, Powers will continue to be the driving force behind the growth and development of Realty Executives International, providing support to its global franchisees through the worldwide headquarters leadership team and staff. Since being named COO in 1987, Powers’ strong leadership abilities have contributed to the growing of the Realty Executives system from 600 Executives (agents) to nearly 14,000 today.

In his tenure with the company, Powers has been involved in franchise sales, regional development, marketing, human resources, finance and technology. Through his new position Powers will be able to further increase the company’s presence internationally.

“I couldn’t be more proud of our current path,” said Powers. “I look forward to the challenge and responsibility placed upon me to take us to new heights as an international real estate brand.”

Powers, like Rector, has been a licensed real estate broker for more than 30 years. Therefore, they are, perhaps, unusual among today’s real estate industry leaders who are largely brought into real estate from other industries. To illustrate Powers’ impact on industry policy, he was just last week featured in both USA TODAY and on CNN speaking on behalf of traditional real estate brokerages.

Realty Executives International, the nation’s first 100-percent commission company, has been perfecting its business model for 40 years and is one of the fastest-growing real estate franchises in the United States, having experienced a 260-percent increase in the growth rate of its number of offices over the past year. The Phoenix-based, privately held firm has nearly 800 offices in eight countries, including offices in the United States, Canada, South Africa, Mexico, Australia, Israel, Indonesia and Singapore. Just recently, the company announced its expansion into the United Kingdom. Publications like Entrepreneur, Success and Inc. magazines have regularly ranked Realty Executives International, Inc. as a leader based on franchise growth, management stability and financial soundness.

Learn more about Realty Executives at our Web site.