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REAL ESTATE : Coldwell Banker Plans to Expand by Recruiting 200 Affiliates in Canada

Compiled by Michael Flagg, Times staff writer

Coldwell Banker Residential Real Estate--a Sears subsidiary based in Newport Beach--says it will expand into Canada.

The company said it will affiliate with independent real estate brokerages and will not actively pursue buying brokerages.

The third-largest brokerage in the nation, Coldwell Banker has 2,100 offices, about half owned by the company and half affiliates.

Coldwell set up a new Canadian subsidiary in Toronto that will recruit affiliates in that market, where housing prices in some neighborhoods have risen to near-California levels.

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Chandler B. Barton, chairman of Coldwell Banker Residential, said in a press release he expects the brokerage to have 200 affiliates in Canada within 4 years and to become “a major force in the Canadian market.”


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