Update on RE/MAX BEACH PROPERTIES, Southampton, New York

The new RE/MAX will be opening around September 15th in the Hamptons. We look forward to seeing you. md

RE/MAX TO ENTER COVETED HAMPTONS,
NEW YORK MARKET WITH LUXURY BRAND


September, 5 2006, Southampton, New York - RE/MAX of New York, Inc. announced that Michael F. Daly will open his first RE/MAX BEACH PROPERTIES office at the intersection of North Main Street and County Road 39A (Route 27) in Southampton, NY. The high-profile retail center where the new RE/MAX office will be located was recently built by Ben Krupinski, one of the Hamptons’ most admired residential builders and commercial businessmen.
Mr. Daly will market properties under the RE/MAX Renowned Properties program, the company’s luxury division (http://www.remax-renownedproperties.com). The Hamptons have an average sales price of over $1.2 million, and Mr. Daly believes that the Renowned Properties marketing program will serve the market well. “The sophisticated look and feel of our marketing will fit the area nicely,” said Mr. Daly. “In my travels, both internationally and around the US, I have seen RE/MAX real estate signs on many high-end properties. Consumers in this region are highly sophisticated, well-educated, and world-traveled and know the RE/MAX brand” says Mr. Daly. “RE/MAX has an outstanding reputation, and I am proud to be bringing the RE/MAX luxury brand to the Hamptons.” RE/MAX conducts business in 64 countries, which gives Daly the ability to provide high-end customers worldwide exposure when marketing their properties. Mr. Daly will open several additional comprehensive, full-service real estate brokerage offices on the East End. The Hamptons, located on the South Fork of Long Island, is one of the most coveted markets in the country, with 2005 sales totaling over $4.5 billion. Recently, NRT acquired the market-leader, Allan Schneider Associates, and folded their 12 offices under the Corcoran Group name, eliminating the area’s largest, most established independent real estate brokerage.
In this current real estate market, where many brokerages are cutting expenses and closing offices, RE/MAX is growing in many high-end markets. Driving the growth is the RE/MAX concept, created by top-producing real estate agents for top-producing real estate agents. RE/MAX links a fair and equitable brokerage management system with a powerful brand, extensive support services, and respect for entrepreneurial spirit. The result: a formula for agent success unmatched in the industry. “When brokers understand the model, the 95-percent split structure, the ability to be in control of their own business, and the affiliation with a worldwide referral network, they get excited,” says Daly. All of the brokerages in the area operate under the traditional 50-50 split system, which offers less incentive for agents to excel. “Our phones have been very busy these last few weeks,” said Mr. Daly.
RE/MAX Beach Properties is the latest office to become part of the rapidly-growing RE/MAX of New York, Inc. real estate network. “RE/MAX Beach Properties will be opening in one of the hottest markets in the country. Michael is building a strong team, and we expect he will be able to capture significant market share in a short period of time,” said Henry Weber, President and Regional Director of RE/MAX of New York, Inc.
Daly entered East End real estate joining Prudential Douglas Elliman RE in 1999. He became a top-selling agent, then managing director with the company and went on to serve as an executive at NRT’s Corcoran Group before starting True North Realty Associates, Inc., the holding company for RE/MAX Beach Properties. Mr. Daly’s weblog, The Hamptons Real Estate Blog, can be found at http://truenorthrealty.blogspot.com. Barbara Daly, Michael’s wife, is a licensed real estate salesperson and will be overseeing the administrative aspects of the brokerage.

RE/MAX of New York, Inc. is a leader in the sale of residential and commercial real estate in New York State. RE/MAX of New York, Inc. has a sales force of more than 1,900 agents and 135 offices throughout New York. RE/MAX agents in New York generated over $12.9 billion in sales since 2003 and completed more than 90,000 transactions. For more information, visit www.remax-newyork.com on the Internet.

The RE/MAX franchise network is a global real estate system with more than 6,522 independently owned offices engaging 120,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation, and asset management. Local community involvement is important to RE/MAX members who participate in thousands of local charitable causes and have raised more than $66 million for Children’s Miracle Network. RE/MAX is also a major sponsor of the Komen Race for the Cure Survivor Program. For more information visit www.remax.com.

-END-