You might never have heard of Christy Budnick, but she’s suddenly one of the most powerful people in residential real estate. Last week, Berkshire Hathaway HomeServices, an extensive network of franchise brokers, has named Budnick its CEO. Budnick replaces Chris Stuart, who took over as chairman of In law, a real estate technology platform for brokers and agents.
BHHS, headquartered in Irvine, Calif., Has 370 franchisees, who conservatively racked up 270,000 housing listings in 2020, by totaling the numbers reported to RealTrends.
BHHS is a separate entity from the HomeServices of America brokerage, although the CEO of this brokerage, Gino Blefari, is also chairman of the board of directors of BHHS. Franchising and Brokerage is only a small fraction of Warren Buffett’s ownership Berkshire Hathaway Inc., a company with a market value of nearly $ 700 billion.
Daughter of a real estate agent, Budnick first got into finance, working with Bank of America. But she ran Florida from BHHS Real estate network for 19 years.
How does Budnick go from supervising a franchise to 370? And how will she make her mark? HousingWire recently met Budnick, shortly after his rise to CEO, and here is an edited version of that discussion:
Wire Housing: Chris Stuart was CEO for two and a half years. What did Chris do that you could do differently?