Dear Reilly Family,
We have exciting news to share with all of you about the future of REILLY, REALTORS®! Since 2006, we’ve been on a mission to empower you with great technology, marketing, and service to help you become the best agent you can be. During that time, we’ve been privileged to see so many of you become top producers, grow your business, and become leaders in your communities. Your success has helped fuel the growth of the Reilly family to 150 agents with $520 million in 2018 sales. As we charge into 2019, we remain steadfast in our mission to help our agents win.
In fact, we believe our agent-centric strategy is more important than ever before.
There are major shifts taking place in our industry. In just the last few years, billions have been invested in new startups whose goals are to replace real estate agents with limited service and impersonal automation. While the average agent will begin to lose relevance, we believe the Super Agent, backed by powerful platforms that combine innovative technology, marketing, and support, will continue to build their business and thrive for years to come. As leaders, it is our responsibility to ensure our company is future-proofed so our agents can compete against these emerging models. Towards the end of 2018, we critically evaluated REILLY, REALTORS® and determined we needed a strong partner. In our search, there was one company that stood out that we have long respected. In fact, Shae and I had developed a friendship with the owners of this company and shared a lot over the years about running successful brokerages. This company has innovative technology, shares our core values, has a strong local brand, gives back to the community in meaningful ways, and most importantly, has a proven model for helping agents succeed.
We found our partner, and today, we are excited to announce REILLY, REALTORS® is joining forces with Realty Austin!
Our companies have a lot in common. We are both local, dynamic, agent-centric brokerages, home to Austin’s most productive agents. We are the original disruptors, leading the industry with innovations that generate leads, empower agents and create the best client experience. We are both future-focused companies who understand the importance of investing in our agents. For example, in 2019, Realty Austin is spending millions to upgrade and launch the next version of their fully integrated marketing and sales platform while also building 3 brand new, 5,000 square foot, state-of-the-art, collaborative-style workplaces near Lakeline, the Triangle, and Southwest Parkway. Our two cultures are amazingly similar because we both embrace our mission to serve our agents and help them grow their businesses. With this merger, REILLY, REALTORS® and Realty Austin will truly be #BetterTogether.
As we make the move to Realty Austin, we are so excited about what’s in store for the Reilly team, but we understand you may have concerns. Rest assured, we have your back! We are committed to a seamless transition with minimal disruption to your business. In many respects, this is just a rebranding and you can continue to serve your clients, take listings, write contracts, and close deals as normal while you make the move to Realty Austin.
We believe this momentous decision is the right move, at the right time, for everyone involved. We believe our agents will have access to the most innovative technology and marketing platform in the business. We believe our clients will benefit from new services, an improved home search experience, and increased listing exposure. We believe our staff will have expanded opportunities for career growth. Finally, we believe by making the move to Realty Austin, Shae and I will be able to better focus on our passion for supporting and developing Super Agents.
We thank all of you for being part of the Reilly family and are forever honored with the outpouring of enthusiasm and love we experienced as leaders of REILLY, REALTORS®. We look forward to continuing our journey together at Realty Austin for many years to come.
Michael and Shae Reilly