02 November 2010

HomeServices buys North Carolina Real Estate Firm

Greensboro News-Record

HomeServices of America Inc. said today it has acquired Greensboro-based Yost & Little Realty.

Financial terms of the deal were not disclosed in a news release.

HomeServices will merge Yost & Little with its existing residential real estate firm, Prudential Carolinas Realty. The new company in the Greensboro market will be re-branded Prudential Yost & Little Realty.

Prudential Carolinas Realty will continue to operate as the HomeServices brand in the Winston-Salem, Kernersville and Charlotte markets.

Yost & Little currently has three offices and more than 140 real estate workers in Greensboro and High Point. The company’s volume of closings in 2009 was $230 million.

“We are combining two strong firms within the Triad into an even stronger organization," Yost & Little president Eddie Yost stated in a news release. "Our commitment is to make this merger seamless for our customers, who will continue to be served by their existing agents.”

Yost will serve as chairman of Prudential Yost & Little Realty and will be joined by managing brokers Dean Little and Mark Yost. Tommy Camp, Prudential Carolinas Realty’s president and CEO, will continue to oversee HomeServices’ operations in the Triad, Charlotte and Triangle regions.

HomeServices of America, based in Minneapolis, Minn., is a subsidiary of Berkshire Hathaway Inc.

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