In a press release today, Cendant, Coldwell Banker’s parent company, announced to Wall Street and the industry, Cendant’s Real Estate Services Division new name under which it will operate as a standalone, publicly traded company – Realogy Corporation. The name change will take effect upon the completion of its previously announced spin-off from Cendant Corporation, anticipated during the second quarter of 2006.
Cendant was the worldâ€™s largest real estate brokerage franchisor, and the worldâ€™s largest provider of outsourced corporate employee relocation services; and leading providers of travel information processing services worldwide. It was also one of the worldâ€™s largest hotel franchisors, the world’s largest vacation ownership organization, and one of the worldâ€™s largest car rental operators.
Cendant owns Coldwell Banker, Coldwell Banker Commercial, ERA, Century 21 and Sotheby’s International.
I’m just a cog in the wheel….