What’s the Deal With CBSHome and Berkshire Hathaway?


Manage episode 178896297 series 1004401
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What is the relationship between CBSHome Real Estate and Berkshire Hathaway?

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What is the relationship between CBSHome, Berkshire Hathaway, and Berkshire Hathaway Home Services? It’s a little confusing, so I wanted to clear the air today.

CBSHome, the company I work for, is 100% owned by Berkshire Hathaway. Berkshire Hathaway also owns a company called Black Hills Energy, which is a parent company to Home Services, the company that owns various real estate holding companies. Have I lost you yet?

When Home Services went out to expand into different markets, they wanted to be dominant in those markets. Therefore, they bought companies like Edina Realty in Minneapolis as well as Iowa Realty and First Iowa Realty in Iowa. When they came to Omaha, they bought Home Real Estate and CBS Real Estate and merged them to form CBSHome Real Estate to become market dominant.

We are 100% owned by Berkshire Hathaway

They also bought up a bunch of Prudential franchises in California, which led them to eventually just buying Prudential themselves. Up until then, they had to pay a fee to Prudential for each transaction they made using their name. Once they bought Prudential, Berkshire Hathaway became the ones who were collecting that franchise fee.

This situation is especially confusing in Omaha. However, all you need to know is that CBSHome Real Estate is 100% owned by Berkshire Hathaway and if you have Berkshire Hathaway stock, it behooves you to do business with CBSHome Real Estate. If you’re going to be doing business with us, I’d love to have a chat with you. I have 35 years in the business and I’m still at the top of my game.

If you have any questions in the meantime, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you..

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