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FFIRST AMERICAN EXTENDS SUPPORT TO REAL ESTATE PROFESSIONALS THROUGH STRATEGIC ALLIANCE WITH THE REALTYU® GROUP.
—Alliance Promotes Ongoing Growth and Continued Education In Real Estate Industry —
SANTA ANA, Calif., Sept. 29, 2005 –First American Residential Group, Inc., a member of The First American Corporation (NYSE: FAF) family of companies, announced today that it has entered into a strategic alliance with The RealtyU® Group, the nation’s largest network of real estate schools, with more than 200 locations in 40 states. Under the arrangement, First American will market the RealtyU companies and work with the group to develop education and training offerings for real estate professionals. RealtyU students will also learn about and have access to the various products and services First American offers the residential real estate industry, including title insurance and settlement services, transaction management and more.
“Education is the cornerstone of growth and progress in our industry,” said Stephen C. Roney, president and chief executive officer of First American Residential Group. “With the real estate business in the midst of significant change and restructuring, education has not only increased in importance but also plays a critical role in preparing both existing and new real estate professionals for the ever-changing future. Our alliance with RealtyU supports this ongoing effort.”
Collectively, the RealtyU Group of companies last year taught more than 305,000 real estate professionals in classroom settings and 32,000 real estate professionals through online courses, offering a variety of 500 different courses, including licensing, continuing education, designations and skills-based training. Through its real estate mentoring subsidiary iSucceed Inc., RealtyU also guides thousands of real estate professionals every year to profitability by providing access to its unparalleled repository of knowledge, tips, tools and shortcuts.
“Both companies are deeply rooted in helping brokers and agents,” said Stefan Swanepoel, chief executive officer of The RealtyU Group. “While First American specializes in providing real estate data and technology, RealtyU focuses on education. Both companies provide information to help successful real estate professionals operate effectively. The synergies between the two companies are abundant and we are impressed with First American’s solid commitment to supporting the real estate industry.”
“The real estate industry is going through significant change, and with all the new business models available today, education is more important than ever before,” said Bill Shue, president of the RealtyU Group. “Many large brokers recommend our services and educational tools to their agents as a supplement to the in-house training they already provide. Involvement in real estate is no longer a second default career, but is increasingly becoming a first career choice for young, well qualified people.”
About First American Residential Group
First American Residential Group is a subsidiary business line established by The First American Corporation in 2002 to address the real estate brokerage, multiple listing service (MLS) and relocation market segments with the full array of First American capabilities. Its systems streamline real estate listing, financing and closing processes, resulting in increased efficiency and profitability. First American Residential Group operating units include MarketLinx, and Interealty, both leading providers of MLS systems and real estate software in North America; and Relocation Advantage and Certified Closing Network, leading providers of closing management services to relocation companies. For more information, visit: http://www.firstam.com/residential.
About The First American Corporation
The First American Corporation (NYSE: FAF), a Fortune 500 company that traces its history to 1889, is the nation’s largest data provider. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage, and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.72 billion in 2004, First American has approximately 2,000 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at http://www.firstam.com..
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Contact:
David Schulz
Corporate Communications
The First American Corporation
714.800.3298
dschulz@firstam.com
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