Contact: Realty Group Management

Phone (651) 412-7997

tabitha.vanv@realtygroupmn.com


Independently Owned Real Estate Brokerage Acquires Local Competitor

Minneapolis, Minnesota September 1, 2023 - - Realty Group LLC, the #1 Independent and one of the top Real Estate Brokerages in Minnesota overall (by Real Trends), has just completed a successful merger and acquisition of another sizable local real estate company, Greater Midwest Realty.

As a result of this merger and acquisition, Realty Group will be acquiring 180 agents to add to their ever-growing roster and MN market share. Even before the merger, Realty Group has been involved in approximately 1 out of every 16 homes sold in MN. 

Realty Group and Greater Midwest Realty have some similarity in their structure and thus a merger seems to make sense. Realty Group is a values driven company with an innovative approach. They have a highly agent-centric model that develops high value agents that benefit the

consumer. 

As the real estate space gets more competitive in a down market, it only made sense for the two brokerages to join forces against the large national franchises, real estate brokerages like Keller Williams and ReMax that charge their agents high commission splits and fees.  Broker and Owner of Greater Midwest Realty, Joe Weinzetl, felt the pressure of this intense market and decided to find a solution for his agents that would not only allow them to survive this market, but thrive.

Weinzetl stated “GMR agents will now have even more tools at RG to make the client experience and their experience as an agent even better.”

Weinzetl and Realty Group owners Long Doan and Mike Bernier have had a friendly professional relationship for many years and decided now was the time to make this big move. Bernier and Doan were excited to add Weinzetl and his agents to their already inclusive culture.

 

This merger and acquisition is not only huge news for Realty Group and former Greater Midwest Real Estate agents, but also for the real estate community as a whole.

 

Realty Group provides agents with industry leading services, technology, and education. As a result, Realty Groups agents are among the most productive agents in the state of MN.

 

 
 

Hear from the RG Team Leaders on what this merger means!