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The Honolulu Advertiser

Updated at 5:21 p.m., Wednesday, August 1, 2007

EXIT Realty establishes local franchise

Advertiser Staff

Canada-based real-estate firm EXIT Realty Corp. International has established a presence in Hawai'i with plans to extend the franchise locally.

Howard Richmond, a real-estate broker from Florida, and his wife, Doredda, recently established EXIT Realty Hawaiian Islands and are seeking local brokers to open franchise brokerage offices in Hawai'i.

EXIT Realty was established in 1996 in Toronto, and offers agents bonuses for recruiting new agents to the company. The bonuses — 10 percent of gross commissions earned by agent recruits — are paid by EXIT Realty and not subtracted from recruit commissions. The company has roughly 1,000 offices.