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Long & Foster

From Wikipedia, the free encyclopedia
The Long & Foster Companies
Company typeSubsidiary
IndustryReal Estate
FoundedMay 22, 1968; 56 years ago (1968-05-22)
Fairfax, Virginia, U.S.
Headquarters3975 Fair Ridge Drive
Fairfax, Virginia, U.S.
Area served
Mid-Atlantic and Northeast regions
Key people
Patrick S. Bain, CEO and President
Jackie Thiel, President, Long & Foster Real Estate
ParentHomeServices of America
WebsiteLong & Foster

Long & Foster Real Estate is part of The Long & Foster Companies, a subsidiary of HomeServices of America, a Berkshire Hathaway affiliate. HomeServices is the nation’s largest real estate brokerage by transaction sides and one of the largest providers of integrated real estate services.

History

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In 1968, P. Wesley "Wes" Foster Jr. co-founded Long & Foster[1] with Henry "Hank" Long. Long & Foster began with Foster handling the residential real estate arm of the business and Long handling the commercial side. Foster became the sole owner in July 1979, 11 years after establishing Long & Foster. Foster is the chief executive officer and chairman. Foster began his real estate career in 1963 as a sales manager at Minchew Corporation, a home building company. In 1966, he moved to Nelson Realty as vice president of sales before founding Long & Foster.[citation needed] In March 2023, Wes Foster died.[2]

Overview

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The Long & Foster Companies is the parent company of Long & Foster Real Estate, Prosperity Home Mortgage, LLC, Long & Foster Insurance, and Mid-States Title, as well as HomeServices Property Management, Insight Home Inspections, Long & Foster Vacation Rentals, Long & Foster Corporate Real Estate Services and Urban Pace.

Long & Foster Real Estate is a member of Forbes Global Properties, and it is a founding affiliate of Leading Real Estate Companies of the World, a prestigious global network of real estate professionals that includes the Luxury Portfolio International division.

Long & Foster has over 9,000 agents in more than 200 sales offices in the Mid-Atlantic and Northeast regions.[3] It is part of The Long & Foster Companies, a family of businesses in the real estate and financial services industries. In September 2017, Berkshire Hathaway's HomeServices of America bought Long & Foster.[4]

Operations

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Long & Foster has offices and associates in Delaware, Maryland, New Jersey, North Carolina, Pennsylvania, Virginia, Washington, D.C. and, West Virginia. The company has multiple lines of business that support buying, selling and owning real estate including the sale and purchase of residential (existing and new construction) and commercial properties and land; mortgage, title and settlement services, insurance and home warranties, home inspections, moving services, property management, vacation rentals, new home sales and marketing for builders and developers, and corporate real estate services for relocation and business development.


References

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  1. ^ Fleishman, Sandra (November 19, 2003). "Long & Foster to Change Managers". The Washington Post. Archived from the original on October 23, 2012. Retrieved November 2, 2009.
  2. ^ Langer, Emily (March 18, 2023). "Wes Foster, co-founder of real estate giant Long & Foster, dies at 89". The Washington Post. Retrieved March 18, 2023.
  3. ^ "About Us | Real Estate Company | Long and Foster". Longandfoster.com. Archived from the original on 2016-12-20. Retrieved 2016-12-14.
  4. ^ "Long & Foster sold to Warren Buffett company". Wtop.com. 7 September 2017. Archived from the original on 21 December 2017. Retrieved 10 December 2017.
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