Local Realtor Sold to National Realtor

STAFF REPORT from the Asbury Park Press

Murphy Realty Preferred Homes, which has five real estate offices and 140 sales associates in Monmouth County, is joining Coldwell Banker Residential Brokerage.

Coldwell Banker Residential Brokerage in New Jersey and Rockland County, N.Y., said Wednesday that it has acquired the assets of GFM Realty Group Inc. and GFM Group Inc., which operates as Murphy Realty Preferred Homes.

Murphy has offices in Red Bank, Long Branch, Rumson, Middletown and Sea Girt. The agency will now operate under the banner of Coldwell Banker Residential Brokerage.

Interestingly, the Property Grunt has this to say about small Realtors in the ‘burbs last week.

“Personally, if I owned a brokerage firm in the burbs, I would find the biggest, fattest broker hog I could find and sell out so I can weather the storm when all hell breaks loose.”

Congratulations on selling out to a “hog” Mr. Murphy, before all hell breaks loose.