The real estate industry understands that affiliated business revenue is becoming critical to overall brokerage profitability and distributing hundreds of thousands of dollars to our Realtor partners is well-aligned with this realization. – Stephen Routh, CEO

BELLEVUE, Wassen (PRWEB) 12 mei 2021

NexTitle, a leading joint venture title and escrow company in the western United States, today announced record results for its joint venture title and escrow operations for the first quarter ended March 31, 2021.

First quarter revenues from its joint venture title and escrow operations increased 74% compared to the prior year quarter setting an all-time record for the first quarter. Net income from joint venture operations showed record gains as well, growing 20X compared to the prior year quarter.

Amid this record growth in its existing joint venture operations, NexTitle expanded into Washoe County, Nevada and is now serving the Reno metropolitan area. Future growth will include Carson and Douglas Counties. This newest operation is currently wholly-owned and operated by NexTitle and will be converted into a joint venture operation later this year. With the opening of the Reno market center, NexTitle is now in 5 states and continues to look for expansion opportunities across the western U.S.

“The typical first quarter slowdown never materialized and our joint venture operations continued their amazing growth,” said Stephen Routh, CEO of NexTitle. “The real estate industry understands that affiliated business revenue is becoming critical to overall brokerage profitability and distributing hundreds of thousands of dollars to our Realtor partners is well-aligned with this realization. And, we are thrilled to open our new Reno office where we will be introducing our joint venture concept to top producers in that market very soon.”

NexTitle werkt samen met best presterende vastgoedprofessionals en teamleiders die het belang erkennen van het diversifiëren van hun omzetmogelijkheden. Het joint venture-model van NexTitle maakt het mogelijk om lokale titel- en escrow-diensten van de hoogste kwaliteit aan consumenten te leveren en tegelijkertijd een werkelijk uniek “win-win” bedrijfsmodel voor vastgoedprofessionals te creëren.

About NexTitle:

NexTitle is een familie van lokale titel- en escrow-bedrijven die vastgoedprofessionals en consumenten bedienen in Washington, Oregon, Idaho, Hawaii en Nevada. Het bedrijf is een van de toonaangevende joint venture-activiteiten in het westen van de Verenigde Staten en is klaar voor enorme groei in een veranderende vastgoedsector.

Voor meer informatie kunt u de websites van het bedrijf bezoeken op http://www.nextitle.com en http://www.nextitlejv.com. Media and Trade Contact inquiries: Russ Cofano rcofano@nextitle.com

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