A division of Carrington Real Estate Services, Santa Ana, Calif., CPN was created to assist firms increase their business by facilitating their participation in the distressed property market and by enabling them to work with institutional real estate investors.
As members of CPN, brokerages have access to Carrington’s institutional real estate services including internet leads, asset management and property preservation as well as REO listings, short sale leads, investor buyers, and property management and BPO fulfillment services.
Since launching last November, CPN now includes 20 companies, 399 offices and 15,643 agents across 16 states.
Steve DiUbaldo, president of Carrington Real Estate Services, said the goal is to have a CPN or Carrington Real Estate Services company-owned office in every major U.S. market within one year.
To qualify for membership, firms must be ranked among the top five in their market in terms of transactions and sales volume, and have the infrastructure in place to handle managing institutional business.
Currently, the following brokerages are CPN members: Better Homes & Gardens Mason-McDuffie Real Estate in California; Rector Hayden Realtors in Kentucky; Real Estate One in Michigan; Laffey Fine Homes International in New York; Crye-Leike Real Estate in Tennessee; Prudential Select Properties in Missouri; Prudential Alliance Realty in Oklahoma; The AgentOwned Realty Co. in South Carolina; Chase International in California and Nevada; Prudential Detrick Realty in Oklahoma; Her Realtors in Ohio; Semonin Realtors in Kentucky; RealtySouth in Alabama; Prudential Homesale Services Group in Pennsylvania; Windermere Central Oregon Real Estate in Oregon; McColly Real Estate in Indiana; Nothnagle Realtors in New York; Prudential Indiana Realty Group in Indiana; Coldwell Banker Legacy in New Mexico; and Gardner Realtors in Louisiana.