Global Japan real estate services firm Coldwell Banker Real Estate Corporation has announced the signing of a master franchise agreement with Coldwell Banker Affiliates of Japan,which coincided with the opening of 12 Coldwell Banker® offices in Tokyo and 12 more in Fukuoka. With these openings, Japan becomes the 31st country or territory outside of the United States to have a Coldwell Banker presence, including Singapore, Indonesia, Australia, China and India in the Asia-Pacific region.
Japan is considered to be the economic driver of the Asia Pacific region, and has a relatively mature real estate market. Much like the Multiple Listing Service (MLS) in use in the United States, Japan launched its version, the Real Estate Information Network System (REINS), in 1999.

"Franchise growth outside of North America remains one of our key initiatives,” said Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate Corporation, who attended the office openings in Japan. “Japan has a robust real estate market that has been fueled by moderate mortgage rates, tax advantages for home ownership and its REINS system. We wish our colleagues at Coldwell Banker Affiliates of Japan great success in their operations.”

"I am thrilled to be associated with the Coldwell Banker brand,” said Yoshitaka Sadamura, chief executive officer of Coldwell Banker Affiliates of Japan. “We have worked hard to lay the groundwork for a strong franchise network here in Japan. I commend the hard work of all involved, and look forward to growing the Coldwell Banker franchisee base even further in Japan. The success and history of the Coldwell Banker brand speaks volumes, and our real estate offices in Tokyo and Fukuoka will provide prospective buyers, sellers and investors with a premium estate experience.”
 
About Coldwell Banker®
Since 1906, the Coldwell Banker® organization has been a premier provider of full-service real estate. In 2005, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker System number one in real estate and number nine among all franchisors. The Coldwell Banker System has more than 4,000 residential and commercial real estate offices and 127,700 Sales Associates in 30 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury properties through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge® Service Program and award-winning Web site. Coldwell Banker Mortgage is one of the largest telephone/web-based lenders in the country. Coldwell Banker Real Estate Corporation is a subsidiary of Realogy Corporation (NYSE: H), the world's largest real estate franchisor. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Each office is independently owned and operated except for offices owned and operated by NRT Incorporated.