Realty of America expands into Tennessee

Realty of America has expanded into Tennessee with the launch of its first office in the state, marking another step in the company’s national growth strategy.

The new operation will be led by veteran broker Kyle Felts and will initially serve the middle Tennessee region, with plans to expand further statewide.

The Tennessee launch comes less than two years after Realty of America began operations. The company has grown to more than 3,100 agents nationwide during that time and reported more than $3.8 billion in volume on last year’s RealTrends Verified rankings.

That total was good enough for a No. 62 national rank for volume and No. 42 rank or sides.

Felts brings two decades of experience in real estate, having entered the industry in 2004.

He later founded Bradford Real Estate, building the firm into a regional brokerage with about 150 agents and roughly $500 million in annual sales volume.

At Realty of America, Felts is expected to apply a similar model focused on agent independence and business growth.

The company said agents in Tennessee will have access to shared resources and opportunities tied to the firm’s national platform while continuing to operate their individual businesses.

Realty of America operates with a structure that emphasizes agent ownership and revenue sharing. The company said it has distributed more than $5.5 million in revenue share to agents while maintaining a model without corporate debt or outside funding.

Officials said the middle Tennessee launch is expected to serve as a foundation for continued growth across the state as the brokerage builds out its presence in the Southeast.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication. The system helps convert company announcements and industry data into HousingWire-style news coverage.