Westgate Resorts

Westgate Resorts is a timeshare company owned and operated by David A. Siegel. Siegel started Central Florida Investments (CFI), the parent company of Westgate Resorts, in the early 1970s, as a real estate development firm. The firm started out of David Siegel's garage, but has since grown to be the largest privately held timeshare company in the world. CFI employs more than 10,000 people across the United States and has annual revenues approaching $1 billion.
The company first expanded from Central Florida to Miami and Daytona Beach, then outside the State of Florida. Westgate now encompasses 28 resorts throughout the United States.
With over 450,000 owners worldwide, Westgate Resorts is the third largest company in the industry. The company provides vacation accommodations as well as offering worldwide travel exchange through its affiliation with Interval International and I.C.E. (International Cruise and Excursions).

Current Projects

Westgate’s newest and most ambitious product is fifty-two stories above the strip in Las Vegas, Nevada. The Planet Hollywood Towers by Westgate will be the only timeshare property directly connected to a major hotel/casino on the Las Vegas strip. When completed, the project will have over 1,200 vacation villas and 28 penthouse condominiums; it will cost an estimated $1 billion.
The Westgate Anaheim Gardenwalk is an addition to the Anaheim GardenWalk Development in Anaheim, California. Directly adjacent to the Disneyland Resort, with easy access to the resort park, spectacular views of Disneyland and its environs, and with amenities within the GardenWalk development almost adjacent.
Westgate Myrtle Beach Oceanfront Resort, Myrtle Beach, SC, on the famous Grand Strand beach area in Myrtle Beach, is being improved with restaurants, pools, shopping, and water sports.
The Reserve at Westgate Lakes, located in Orlando, Florida, is Westgate's newest Florida-based project. Located on one of Central Florida's most picturesque lakes, the new resort will include an on-site water park, tennis and basketball courts, a restaurant, and Westgate's Papillon the Spa.

Realty Executives International

Realty Executives International is an international real estate company founded in 1965 by Dale Rector in Phoenix, Arizona, and is the originator of the 100 percent commission concept. The company has more than 14,350 sales associates, as well as 803 independently-owned offices worldwide. There are offices in Australia, Canada, Costa Rica, Nicaragua, Belize, Poland, Greece, Colombia, Spain, Panama, France, Indonesia, Israel, Mexico, South Africa and the United States.
Realty Executives is also involved in community efforts. The Homes from the Heart program was created to involve sales associates and brokers in fundraising to provide housing opportunity to needy families in the communities the company serves.
Realty Executives is the only real estate company to be an official corporate partner of Habitat for Humanity. Additionally, because of efforts within the continental United States, Realty Executives franchisees have also contributed to help build homes in countries all over the world.
Realty Executives is one of the most closely followed real estate franchises in the world. In 1965, the company first drew attention as the originator of the 100 percent commission concept. Today, phenomenal franchise growth and a unique franchise development strategy are creating even more interest in Realty Executives.
Since its dramatic beginning in Phoenix, Arizona, more than 35 years ago, the company has become one of the fastest growing franchises in any industry. Publications like Entrepreneur, Success and Inc. Magazine have recently ranked Realty Executives as a leader based on such criteria as franchise growth, management stability and financial soundness. Realty Executives only began its aggressive franchise expansion in 1987. In 1988, there were 31 franchises and just 624 agents. Today Realty Executives has thousands of Executives in countries around the world. Our broker/owners are adding professional, top-producing Executives every day, continuing our aggressive growth. For the home buying and home selling public, the news is even better. Because Realty Executives attracts professional and experienced real estate marketers to the company, the ultimate winner is the consumer who chooses the services of an Executive.
But, how did it all begin? Dale Rector is the visionary who founded Realty Executives. By the 1960's, Dale Rector was a real estate professional who had worked for traditional real estate firms in Colorado and in Arizona. But he was unhappy. He had a number of grievances that weren't easily solved: a) His commission splits were used to train and support new recruits, rather than provide him with new and better support services. b) Inexperienced floor people were encouraged to respond to inquiries on his listings. c) He was expected to spend valuable field hours on office work. d) He was required to share commission checks on his own property purchases with the broker. e) He had no advertising control over his own listings.
Dale didn't sit still or complain for long. He opened his own split-commission firm. Soon he found himself becoming overly involved with the administrative duties essential to a smoothly run office. He also had to relinquish the selling time he had always enjoyed. Not surprisingly, Dale found his top sales associates frustrated with the split-commission system for the exact reasons he had been. Eventually, some would leave his office just as Dale had done earlier in his career.
The industry needed a change. How could he ensure that the top producers could work free from administrative duties and also free the office of deadwood?
In 1965, Dale Rector became the first man in the nation to open a 100 percent commission office, Realty Executives. The concept, revolutionary at the time and now widely copied, was quite simple: Sales associates receive 100 percent of their commissions. Associates would share equally in office expenses. Offices would be coordinated by a full-time broker, whose salary was paid by the associates. The concept caught on. By 1972, the pilot operation in Phoenix, Arizona was producing the highest volume of all competitive independent real estate firms. By the 80s, with greater expansion, volume totaled more than the competitive national franchise firms in the area.
Each year, sales volume and the number of associates have grown - proof of the concept’s wide acceptance and success. Realty Executives rapid growth is no surprise. Give professional sales associates an environment where they can concentrate on what they love to do - sell, and they will get results.
Through Dale Rector's vision and dedication to his new concept, the real estate industry has experienced a major change—an alternative to traditional operations that have hindered the real estate profession for many years. Realty Executives has revolutionized the real estate industry by focusing on the needs of the real estate Executives.
Rich Rector, son of Dale Rector, has been president of the organization since 1986 when he also purchased the franchisor from Dale. Rector has held a real estate license for more than thirty years, making him a rarity in corporate real estate leadership.

Century 21 Real Estate

Century 21 Real Estate LLC is a real estate agent franchise company owned by Realogy, which also owns Coldwell Banker and ERA Real Estate. The name comes from the Century 21 Exposition held in Seattle, Washington in 1962. Century 21 Real Estate is headquartered in Parsippany, New Jersey. Century 21 was founded in 1971 by Art Bartlett and Marsh Fisher, two real estate agents in Orange County, California. The company went public in 1977, was bought out by Metropolitan Life Insurance in 1984, and became part of HFS, the precursor of Cendant, in 1995. Cendant spun off in 2006, and Century 21 Real Estate LLC now operates under its real estate franchise branch, Realogy.
The Century 21 System is comprised of over 8,100 independently owned and operated offices with more than 140,000 sales professionals worldwide, in more than 40 countries and territories.