Edina Realty Home Services
Encyclopedia
Edina Realty Home Services, based in Edina
, Minnesota
, is the largest real estate
company in Minnesota by sales volume and transaction sides. In 2010, the company conducted 25,000 real estate transactions and $5.3 billion in sales volume.
Edina Realty is owned by HomeServices of America
, Inc., a Berkshire Hathaway
affiliate. The company has 60 real estate offices and 2,100 realtors operating in Minnesota, North Dakota
and western Wisconsin
. Edina Realty Home Services includes Edina Realty, Edina Realty Title, Edina Realty Mortgage and Edina Realty Relocation.
The firm has acquired several real estate firms. During 2007 and 2008, Edina Realty acquired 17 real estate firms throughout the Midwest.
Edina Realty Title – 24 closing centers in Minnesota and western Wisconsin.
Edina Realty Foundation – A non-profit, private foundation supported through donated funds and volunteer time by Edina Realty sales associates, employees and Edina Realty Home Services. The foundation offers financial support to nonprofit organizations that work with the homeless or toward homelessness prevention. Since its inception in 1996, the Foundation has raised over $5 million.
Edina, Minnesota
Edina is a city in Hennepin County, Minnesota, United States, and a first-ring suburb situated immediately southwest of Minneapolis. Edina began as a small farming and milling community in the 1860s. The population was 47,941 at the 2010 census.-Geography:...
, Minnesota
Minnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
, is the largest real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
company in Minnesota by sales volume and transaction sides. In 2010, the company conducted 25,000 real estate transactions and $5.3 billion in sales volume.
Edina Realty is owned by HomeServices of America
HomeServices of America
HomeServices of America, Inc., held by Berkshire Hathaway, is a residential real estate brokerage firm based in Minneapolis, Minnesota and founded in 1998.HomeServices has operations in 19 states and over 21,000 sales associates...
, Inc., a Berkshire Hathaway
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
affiliate. The company has 60 real estate offices and 2,100 realtors operating in Minnesota, North Dakota
North Dakota
North Dakota is a state located in the Midwestern region of the United States of America, along the Canadian border. The state is bordered by Canada to the north, Minnesota to the east, South Dakota to the south and Montana to the west. North Dakota is the 19th-largest state by area in the U.S....
and western Wisconsin
Wisconsin
Wisconsin is a U.S. state located in the north-central United States and is part of the Midwest. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. Wisconsin's capital is...
. Edina Realty Home Services includes Edina Realty, Edina Realty Title, Edina Realty Mortgage and Edina Realty Relocation.
Background
Edina Realty was established in 1955 by Emma Rovick. The company's first real estate office was located at 50th and France Avenue in Edina, Minnesota.The firm has acquired several real estate firms. During 2007 and 2008, Edina Realty acquired 17 real estate firms throughout the Midwest.
Other company affiliates
Edina Realty Mortgage – A joint venture between Wells Fargo Home Mortgage and Edina Realty, and the second largest residential lender in Minnesota. Edina Realty Mortgage is an Equal Housing Lender. All first mortgage products are provided by HomeServices Lending, LLC Series A dba Edina Realty Mortgage.Edina Realty Title – 24 closing centers in Minnesota and western Wisconsin.
Edina Realty Foundation – A non-profit, private foundation supported through donated funds and volunteer time by Edina Realty sales associates, employees and Edina Realty Home Services. The foundation offers financial support to nonprofit organizations that work with the homeless or toward homelessness prevention. Since its inception in 1996, the Foundation has raised over $5 million.