Long & Foster

History

In 1968, P. Wesley "Wes" Foster Jr. co-founded Long & Foster with Henry "Hank" Long. Long & Foster began with Foster handling the residential real estate arm of the business and Long handling the commercial side. Foster became the sole owner in July 1979, 11 years after establishing Long & Foster. Foster is the chief executive officer and chairman. Foster began his real estate career in 1963 as a sales manager at Minchew Corporation, a home building company. In 1966, he moved to Nelson Realty as vice president of sales before founding Long & Foster. In March 2023, Wes Foster died.

Overview

The Long & Foster Companies is the parent company of Long & Foster Real Estate, Prosperity Home Mortgage, LLC, Long & Foster Insurance, and Mid-States Title, as well as HomeServices Property Management, Insight Home Inspections, Long & Foster Vacation Rentals and Long & Foster Corporate Real Estate Services.

Long & Foster Real Estate is a member of Forbes Global Properties, and it is a founding affiliate of Leading Real Estate Companies of the World, a prestigious global network of real estate professionals that includes the Luxury Portfolio International division.

Long & Foster has over 7,000 agents and employees in more than 100 sales offices in the Mid-Atlantic and Northeast regions. It is part of The Long & Foster Companies, a family of businesses in the real estate and financial services industries. In September 2017, Berkshire Hathaway's HomeServices of America bought Long & Foster.

Operations

Long & Foster has offices and associates in Delaware, Maryland, New Jersey, North Carolina, Pennsylvania, Virginia, Washington, D.C. and, West Virginia. The company has multiple lines of business that support buying, selling and owning real estate including the sale and purchase of residential (existing and new construction) and commercial properties and land; mortgage, title and settlement services, insurance and home warranties, home inspections, moving services, property management, vacation rentals, and corporate real estate services for relocation and business development.

References

References

1. Fleishman, Sandra. (November 19, 2003). "Long & Foster to Change Managers". [[The Washington Post]].
2. "Long & Foster Celebrates the Life of Its Founder—P. Wesley “Wes” Foster, Jr.".
3. Langer, Emily. (March 18, 2023). "Wes Foster, co-founder of real estate giant Long & Foster, dies at 89". The Washington Post.
4. "About Us {{!}} Real Estate Company {{!}} Long and Foster".
5. (7 September 2017). "Long & Foster sold to Warren Buffett company".