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Homegrown Realty Executives International named Glenn Melton CEO. Melton takes the reins from Rich Rector, whose father, Dale, started the residential brokerage firm in 1965 in Scottsdale with four agents.

 

Today, 11,000 real estate agents are operating under the Realty Executives banner in 17 countries. About 1,300 are in the Phoenix metro area.

 

Rector, meanwhile, is not going away any time soon. He stays on as executive chairman.

 

Melton has been with Realty Executives since 2005. He previously managed Mercedes-Benz dealerships, including Mercedes-Benz of Chand­ler, where he worked before becoming Realty Executives’ chief operating officer.

 

The tough economic climate is not slowing down the firm’s aggressive growth. This month, Realty Executives licensed a company in the Dominican Republic to open a franchise there. The company also is growing its domestic business.

 

Scott Hurlock, president of franchise development, is focusing on midsize markets in Southern California, southern Florida, the northern Midwest and the New York/New Jersey metro area.

 

Realty Executives’ international headquarters are near Interstate 10 at Chand­ler Boulevard.

 

For more: www.realtyexecutives.com.

Phoenix Business Journal - by Jan Buchholz Friday, September 25, 2009

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