William Raveis Acquires 27 Year-Old Boutique on the Cape

CAPE COD, MA – (January 15, 2009) - Chris Raveis, executive vice president and managing partner of William Raveis Real Estate, Mortgage & Insurance, LLC, Massachusetts, announced today the acquisition of The Real Estate Company, Inc. on Cape Cod.

The Real Estate Company, Inc., which includes four offices and 30 sales associates with a combined 2008 sales volume of $61 Million dollars, has serviced Cape Cod for more than 27 years.

“I am fortunate and proud to be associated with such a talented and respected professional as Trisha Daly-Karlson, owner of The Real Estate Company, Inc.,” commented Mr. Raveis. “The Real Estate Company, Inc. is a family business with family values. Their belief that people come first, along with their roots in the community and high level of professionalism, were important to us and run parallel with the principles of William Raveis Real Estate. They are the perfect match for us.”

According to Mr. Raveis, the purchase augments the Raveis Company’s premier position in the marketplace. “The addition of The Real Estate Company, Inc. to the Raveis family of companies places our firm in the position as one of the largest real estate companies in the Cape,” he noted. “Since our expansion to the Cape in September, 2007, we have significantly increased our presence establishing two offices initially, then Falmouth, and now adding four new offices in Chatham, Eastham and Orleans through the acquisition of The Real Estate Company, Inc.”

“We thought long and hard about the decision to sell our company,” stated Ms. Daly-Karlson. “It was not an easy decision. We’ve had other opportunities, but my overriding desire was to find a company for our agents that has the same values as ours. Our agents are our family and, like family, we wanted the best for them. William Raveis is a company that cares for its agents and considers each as a customer. They support their agents and provide them with the tools necessary to grow their business. William Raveis is an industry leader in technology, marketing and education and will offer our agents and our customers the highest standards of service.”

The Real Estate Company, founded in 1981 by Trisha Daly-Karlson, is the largest independently-owned agency on the Lower Cape with three sales offices and one rental office. The rental branch is the largest rental operation on the Cape.

A real estate veteran for more than 30 years, Daly-Karlson has been involved in the local and Massachusetts Board of Realtors in many capacities. She is the former Director of the MA Association of Realtors, Director of the Cape & Islands Board of Realtors and Director & VP of the Cape & Islands Multiple Listing Service. She has chaired the following committees for the Boards of Realtors: Computer Design Committee, Multiple Listing Service Committee, and a member of the “Realtor Image Committee”. Additionally, Trisha has been involved in the Town of Orleans, having been a Past President and a Director of the Orleans Board of Trade, and a Director of the Orleans Chamber of Commerce.

Her designations include: the Graduate Realtors’ Institute, Certified Buyer’s Agent Designation, and EPro 500 Agent. She is also certified in Realtor Arbitration and Ethics.

Since first entering the Massachusetts marketplace in 2003, William Raveis has experienced phenomenal growth. In 2007, the company opened three new offices in Marblehead, Orleans and Osterville, with statewide sales volume jumping 48% from the previous year. In 2008, the company launched four additional offices in Falmouth, Scituate, Marblehead and Hingham. In addition to the 3 new offices in Chatham, Eastham and Orleans, plans for 2009 include the launching of more offices in Massachusetts.

William Raveis Real Estate, Mortgage & Insurance is one of the top companies in the nation. It is rated as the #1 family-owned real estate firms in New England, the #2 family-owned real estate company in the United States and #12 out of 100,000 real estate firms nationwide. The innovative company is nationally recognized as an industry leader and is dedicated to providing an unparalleled real estate experience to its customers. Since 1974, the firm’s 2,000 highly trained sales professionals have been dedicated to strengthening their position as industry leaders in technology, marketing and REALTOR® education. The company has 63 offices, including two affiliates, in Connecticut, Massachusetts and Rhode Island. Future plans entail expansion into New York, Vermont, New Hampshire and Maine.