Richard A. Smith is chairman, chief executive officer and president of Realogy Holdings Corp., a global leader in real estate franchising with company-owned real estate brokerage operations doing business under its franchise systems as well as relocation and title services. In January 2014, he was named the Most Powerful Person in Residential Real Estate Brokerage according to the inaugural Swanepoel Power 200 rankings. Under Smith’s leadership, the company completed one of the largest initial public offerings of 2012, and in each of the past three years Realogy has been recognized as one of the World’s Most Ethical Companies by Ethisphere Institute, an international ethics think-tank organization.
In his leadership role, Smith oversees Realogy’s four complementary businesses:
- the Realogy Franchise Group, which consists of the Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, ERA® and Sotheby’s International Realty® real estate brands, which, combined, have approximately 13,700 franchised and company-owned offices and 247,800 brokers and agents worldwide;
- NRT LLC, the nation’s largest residential real estate brokerage company with more than 700 offices and 42,300 sales associates in more than 40 of the 100 largest metropolitan areas in the United States;
- Cartus, a global leader in corporate and government employee relocation that annually assists approximately 166,000 employees in 150 countries for a client base including 50 percent of the Fortune 50 companies;
- and Title Resource Group (TRG), a prominent full-service title and settlement services company with approximately 335 offices licensed in 48 states and the District of Columbia.
Smith has directed the company’s business operations for more than 17 years. He was named as Realogy’s chief executive officer in November 2007 in addition to his previous role as vice chairman and president. He was appointed chairman of the Realogy Board of Directors in March 2012. Previously, he served as chairman and chief executive officer of the Real Estate Services Division of Cendant Corporation from 1996 to 2006, when the Division was spun off to create Realogy.
Smith is a member of the Business Roundtable, an association of chief executive officers of leading U.S. companies with $7.3 trillion in annual revenues and more than 16 million employees, and previously served as chair of the Business Roundtable’s Housing Working Group. He currently serves as a commissioner on the Bipartisan Policy Center’s Housing Commission, which released its national housing policy recommendations in February 2013.
He serves on the executive committee of the Policy Advisory Board for the Joint Center for Housing Studies of Harvard University, is an honorary member of the Easter Seals National Board of Directors, a member of the Columbus State University Foundation Board of Trustees, and a former member of the New Jersey Economic Growth Council. Smith is also a past recipient of the Ellis Island Medal of Honor, presented by the National Ethnic Coalition of Organizations Foundation, Inc. In 2010, Smith was named one of “The 50 Most Powerful People in U.S. Real Estate” by Bloomberg Businessweek magazine. In 2011, Smith was named to SmartMoney magazine’s list of the “Power 30: The World’s Most Influential Players.”
Smith earned his Bachelor of Science degree at Columbus State University and received his Master of Science degree from Troy State University.