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WEICHERT, REALTORS NAMED NUMBER ONE MEGABROKER IN THE UNITED STATES IN NATIONAL REPORT

           WEICHERT, REALTORS NAMED NUMBER ONE MEGABROKER IN
                 THE UNITED STATES IN NATIONAL REPORT
    MORRIS PLAINS, N.J., Jan. 20 /PRNewswire/ -- Weichert, Realtors today reported it has been named the number one residential real estate broker in the United States, according to National Relocation and Real Estate Magazine, publisher of the Annual Megabroker Report.
    "For the first time in the history of our survey, we have an undisputed number one company -- Weichert, Realtors -- which leads the nation's brokerage companies in both sales volume and number of transactions," said John E. Featherston, publisher of the relocation industry's largest trade magazine.
    Weichert, Realtors, based in Morris Plains, N.J., conducted 42,657 real estate transactions for a total volume of $7.7 billion.
    James M. Weichert, president of the 173-office company, said, "Our number one ranking is a fitting tribute to our hard-working 6,200 sales associates."
    "Weichert's strong performance is an indication of the company's superior dominance in the Northeast and Middle Atlantic regions, despite challenging market conditions," Featherston said.
    Weichert, Realtors, with offices in Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, and Washington, D.C., provides a full range of real estate services, including mortgage, insurance, relocation, rentals, new homes and land, commercial, auction, and moving services.
    -0-        1/20/92
    /CONTACT:  Denise Dickison Smith of Weichert Realtors, 201-397-3545/ CO:  Weichert, Realtors ST:  New Jersey IN: SU: SM-FC -- NY015 -- 1334 01/20/92 09:53 EST
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Publication:PR Newswire
Date:Jan 20, 1992
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