Realogy is a privately owned company

Privately held company

A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the...

 that provides real estate and relocation services

Relocation services

Relocation services or employee relocation include a range of internal business processes to transfer employees, their families, and/or entire departments of a business to a new location. Like other types of employee benefits, these processes are usually administered by human resources specialists...

. It owns and franchises several of the industry's leading real estate brands and brokerages. Along with its relocation services, it also provides title and settlement services.

History

Realogy was created as a result of an October 24, 2005 announcement by Cendant

Cendant

Cendant Corporation was a New York-based provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, Cendant broke up and spun off or sold its constituent businesses...

 that it had decided to split into four separate companies, citing a necessity to diversify in appealing to stockholders and in an attempt to increase the value of the post-split up company. These four categories include "Real Estate

NRT Incorporated

NRT LLC is the largest residential real estate brokerage company in the United States of America. It is a subsidiary of Realogy Corporation. NRT's commercial operations rank as the twelfth largest corporate-owned commercial real estate brokerage in the country...

, Travel Distribution

Travelport

Travelport is a broad-based business services company and a leading provider of critical transaction processing solutions to companies operating in the global travel industry...

, Hospitality

Hospitality

Hospitality is the relationship between guest and host, or the act or practice of being hospitable. Specifically, this includes the reception and entertainment of guests, visitors, or strangers, resorts, membership clubs, conventions, attractions, special events, and other services for travelers...

 and Vehicle Rental Companies

Avis Budget Group

Avis Budget Group, Inc. operates Avis Rent A Car System, LLC , Budget Rent A Car System, Inc. and Budget Truck Rental, LLC...

."

On July 31, 2006, the separation was completed, and Realogy became a self-operating company. Subsequently, the Cendant name has been completely retired. On August 1, 2006, Realogy went public, trading on the New York Stock Exchange

New York Stock Exchange

The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...

 under the ticker symbol "H" - for homes and housing.

On December 18, 2006, Realogy announced it had accepted a $8.5 billion buyout offer from private equity group Apollo Management

Apollo Management

Apollo Global Management, LLC is a private equity investment firm, founded in 1990 by former Drexel Burnham Lambert banker Leon Black. The firm specializes in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations and industry...

. The transaction closed on April 10, 2007. Realogy will no longer be listed on the New York Stock Exchange.

Today, Realogy has operations throughout the United States and around the world, with over 15,000 affiliated real estate offices and roughly 315,000 affiliated brokers and agents. Its headquarters is located in Parsippany

Parsippany-Troy Hills, New Jersey

Parsippany-Troy Hills Township, commonly called Parsippany, is a township in Morris County, New Jersey, United States. As of the 2000 United States Census, the township population was 50,649. The name Parsippany comes from the Lenape Native American word parsipanong, which means "the place where...

, New Jersey

New Jersey

New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...

. In 2006, Realogy earned $6.492 billion in revenue.

On December 2008, bond holder, Carl Icahn

Carl Icahn

Carl Celian Icahn is an American business magnate and investor.-Biography:Icahn was raised in Far Rockaway, Queens, New York City, where he attended Far Rockaway High School. His father was a cantor, his mother was a schoolteacher...

, filed suit against the company over a debt exchange plan announced in November.

Realogy Business Units

• Cartus Corporation
  Cartus
  Cartus Corporation is a services corporation specializing in employee relocation, including home sale and home purchase, household-goods shipping, move management, property management, rental and temporary housing, settling-in, spouse/partner career transition assistance, visa and immigration...
  
  
• Title Resource Group www.trgc.com
• Realogy Franchise Group
  • Better Homes and Gardens Real Estate
    Better Homes and Gardens Real Estate
    Better Homes and Gardens Real Estate LLC is an international real estate company which began operations in July 2008. In October 2007, Realogy Corporation entered a 50-year agreement to license the Better Homes and Gardens brand from Meredith Corporation...
    
    
  • Century 21 Real Estate
    Century 21 Real Estate
    Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 8,000 independently owned and operated offices. Other examples of such a system are Coldwell Banker, Engel & Völkers, ERA Real Estate, ...Century 21 has offices in more than...
    
    
  • Coldwell Banker
    Coldwell Banker
    Coldwell Banker is a large real estate franchise founded in 1906 in San Francisco.Coldwell Banker has an international presence, with offices on six continents, 46 countries and territories...
    
    
  • Coldwell Banker Commercial
    Coldwell Banker
    Coldwell Banker is a large real estate franchise founded in 1906 in San Francisco.Coldwell Banker has an international presence, with offices on six continents, 46 countries and territories...
    
    
  • ERA Real Estate
  • ONCOR International
  • Sotheby's International Realty
    Sotheby's International Realty
    Sotheby’s International Realty is a luxury real estate brokerage agency that offers a collection of luxury homes, estates and properties for sale throughout the world. It is owned by parent company Realogy, which was spun off in July 2006 from former parent company Cendant. Sotheby’s has real...
    
    
• NRT (the following are NRT-owned)
  • Coldwell Banker
  • Coldwell Banker Commercial
  • ERA Real Estate
  • Sotheby's International Realty
  • Corcoran (Corcoran Group Real Estate)
    • Citi Habitats New York
    • The Sunshine Group, Ltd.