Realty Executives signs deal to open first franchise in Turkey

Realty Executives International, a real estate franchise company based in Phoenix, has added Turkey to its list of international offices. The franchise agreement was signed late last month with co-owners Temal Sefkatli and Tolga Bozdag of Istanbul.

Despite the economic doldrums that have settled upon the real estate market during the past year, Realty Execs has been expanding rapidly — both in the U.S. and abroad.

Since the first of the year, Realty Execs has awarded franchising rights to 48 new entities, including affiliates in the Dominican Republic and Honduras. It now has franchisees in 17 countries. Within the U.S., Realty Execs has added affiliates in Michigan, New Jersey, Florida, Tennessee, North Carolina, South Carolina and Georgia this year.

Scott Hurlock, vice president of franchise development, is on the road nearly nonstop — and when he isn’t, he’s researching new countries and potential franchisees.

Phoenix Business Journal - by Jan Buchholz