Lindsey Smith is now 50 per cent co-owner of CIR Realty in Calgary.
Current broker/owner and president for Ron Stader made the announcement at the company’s annual general meeting recently.
Stader, who started at the brokerage under the tutelage of his father and founder Karl Stader 28 years ago, says that succession planning and mentorship is the key to ensuring longevity and long-term success for any real estate company.
“Too many brokerages in our marketplace have not properly planned for succession and therefore leave the company vulnerable to stagnation, decline or even eventual closure,” says Stader. “CIR Realty has been a leader for over 30 years and it is my duty to ensure we are well positioned for the next 30 years of growth and success.”
Smith has been actively involved in all aspects of brokerage management in CIR Realty for the past seven years, with his main focus on professional development and brokerage strategy, the company says.
“I have committed myself to learning the ins and outs of all aspects of the company. From accounting and technology to marketing and operations, I was fortunate to be given the opportunity to stick my nose in everything,” says Smith. “In the due diligence process for this transition, CIR Realty’s stability has become clearly evident.”
The deal will officially close on Dec. 31, 2016. Smith has already assumed his new role as manager of operations and Realtor development.
In 2015, Smith won the Calgary Real Estate Board (CREB) ROAR Award for commitment to education. Before joining CIR Realty, he ran a top producing real estate team, the company says.
CIR Realty is Calgary’s largest independent agency with more than 650 Realtors and staff in four Calgary and 10 Alberta satellite offices.