REAL ESTATE INDUSTRY LOSES INNOVATIVE CHAMPION
Contact:
Sara Fleury
602-277-9530 ext. 226
sara@bjc.com
BJC Communications
Real Estate Industry loses innovative champion
R. DALE RECTOR, FOUNDER OF REALTY EXECUTIVES,
PASSES AWAY AT 84
PHOENIX, ARIZ. (November 1, 2004) - R. Dale Rector, respected throughout the real estate industry for his courage and commitment to creating a better system for top producing professionals, has passed away at the age of 84. Founder of Realty Executives International, Rector’s much-lauded real estate career spanned nearly half a century.
In the mid 1960s, Rector recognized that the status quo was not working and he sought to change and improve the business of selling real estate. He succeeded in his quest. Although many of his peers did not initially accept his ideas for what was then a controversial “100 percent commission concept,” the program not only succeeded, but went on to revolutionize the real estate industry. In 2003, Rector was recognized by Realtor Magazine as one of the industry’s 25 most influential professionals. He routinely received standing ovations whenever he appeared at one of his company’s events—first by the hundreds and, more recently, the more than ten thousand—executives whose professional lives he had benefited.
Unfortunately, his last battle was against cancer. Today, the company, and the industry, mourns the loss of one of their most significant champions, husband of June Rector for 54 years, father of four and grandfather of eight.
Rector, who began his real estate career in 1953 in his native Pueblo, Colorado, and founded Realty Executives in Scottsdale, Arizona in 1965, was known to be an innovator and a soft-spoken champion of real estate professionals industry-wide. Within 25 years, his 100 percent concept had emerged as an industry philosophy embraced by nearly one-quarter of all Realtors throughout the U.S.
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REAL ESTATE INDUSTRY LOSES CHAMPION – add one
Realty Executives has, for nearly 40 years, been recognized as metropolitan Phoenix’s largest real estate company with a roster of some 1,500 executives. Realty Executives International has also received acclaim as one of the fastest growing franchise companies in the nation. Worldwide, 20 countries are associated with the Realty Executives system.
He continued to sell real estate in Arizona until he was 80 years old, when he turned his relentless energy to oil and watercolor painting and helping his company raise money to support the families assisted by Habitat for Humanity International.
Rector not only leaves behind his wife, June, but also children Janie Riels and the late Gary Riels, Gary Rector and Jacki Konetzni, Rich Rector and Robyn Lee Dependahl, Becky and Sean McDaniel, as well as his eight grandchildren, Lt. Gregory Riels, Jason Dale Riels, Aurelia Leroux, Elliott Rector, Katy Rector, and Connor, Paige and Ryan McDaniel.
A celebration of Dale’s life will be held at Paradise Valley United Methodist Church. Please visit www.realtyexecutives.com for details. The family has requested that in lieu of flowers donations be made in his name to Habitat for Humanity International (c/o Homes from the Heart, 2398 E. Camelback Road, Suite 900, Phoenix, AZ 85016) and The Scottsdale Healthcare Foundation-Cancer Center Endowment.
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