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Celebrating 250 Years in America - Real Estate Legacy

By
Real Estate Agent with Appraisal Review Board, Denton County, TX 0506509

September 12, 2026

 

 

Elizabeth J. McCormick (1903) was the first woman/trailblazer to officially earn a real estate license in the United States. She established the Women's Real Estate Association of Chicago by breaking through the glass ceiling of a male dominated profession. Her passion was aimed at empowering women with innovative strategies and commitment to excellence. 

Coldwell Banker is the oldest residential real estate franchise system in North America. Colbert Coldwell's brokerage was founded in the aftermath of the 1906 San Francisco earthquake. In the beginning he formed a partnership (Tucker, Lynch & Coldwell in 1906). By 1913, he invited Benjamin Arthur Banker to join, and in 1914, the firm officially transitioned into Coldwell Banker & Co.

Franklin D. Roosevelt - Before the 1930's Great Depression, home loans were short term (3 to 5 years) with large balloon payments, leading to foreclosures resulting from banks failures. Under Roosevelt's leadership in 1934, the Federal Housing Act (FHA) was created to insure private lenders against default and stabilized the housing market. Roosevelt made long-term homeownership affordable and accessible for qualified Americans. 

Ebby Halliday (1945) built Ebby Halliday Realtors. Her humble beginnings started with a single bicycle and a dream that became a reality. Her Brokerage created one of the largest independent residential brokerages in America. Through her leadership and integrity, she empowered thousands of women to build successful careers. 

Dorothy Alther - She was a pioneer and visionary leader that changed the trajectory for women in the real estate industry by becoming the first National Association of REALTORS® (NAR). Dorothy became the first female president of the Association in 1950.

Martin Luther King Jr, along with other Civil Rights Advocates, fought fiercely for open housing in 1968. Their accomplishment legally banned racial discrimination in housing sales, rentals, and financing. The door was opened to millions of people who were previously unable to own property for homeownership. 

Dave Linger - 1973 Co-Founder of RE/MAX in Denver, CO implemented the 100-percent commission model globally and completely changed how real estate agents operate as independent business owners. His first franchise started in 1975 in Kansas City, with the first international office in 1977 located in Calgary, Canada. A year later he launched the Hot Air Balloon, and continued to expand the business into Europe, launching the RE/MAX Satellite Network. By 2020, there were over 140,000 agents in more than 8,000 offices.  

Barbara Corcoran - in 1973 Barbara, founded The Corcoran Group with $1,000.00. By 2001, her successful NY firm sold in 2001 for $66 million. She continues to inspire others to pursue careers in real estate. 

Joan Kroc made significant contributions to real estate development. As the wife of McDonald's founder Ray Kroc, she pioneered the first female real estate developers in 1980.

Gary Keller - In 1983, at 26 years old, Gary co-founded Keller Williams Realty along with Joe Williams in Austin, Texas. Their brokerage was built on a strong foundation of training, education, and an agent-centric philosophy. By 1991 the company became the largest real estate franchise globally by 2015. Gary Keller authored: 

  • The Millionaire Real Estate Agent
  • The Millionaire Real Estate Investor
  • SHIFT
  • The ONE Thing

eXp Realty - Following on the tailcoats of Keller Williams, former KW Leader, Glen Sanford founded eXp Realty in 2009 with the world's first cloud-based real estate brokerage. Sanford pioneered an alternative to brick-and-mortar office buildings to build a fully immersive, 3D virtual office and cloud-based platform. From 2010 to 2013 it rapidly grew and went public in 2013, offering stock ownership for producing agents. Between 2014-2016 international sales and business expanded into Canada, becoming one of the largest international brokerages in 27 countries. 

Researched & Written by AR Blogger since 2010

Comments(19)

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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Patricia Feager good morning, Patricia... what a great recap of "towering" figures in real estate history. I would add one more: Clark Halstead, who founded Sotheby's real estate brokerage and went on to build a NYC powerhouse: Halstead Property and reintroduced the "store front" brokerage concept in NYC, which was subsequently copied by many other brokerages.

Sep 13, 2026 05:49 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Sunday morning, Patricia.

Have a great day and an outstanding week.

Sep 13, 2026 05:57 AM
Lawrence & Sheila Agranoff
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - crrli.com. We are Lic. Assoc. Broker/Lic. RE Salesperson - Plainview, NY
Listing & Selling Long Island Real Estate

It’s amazing to look back at the people who helped shape real estate and see just how much the industry has changed over the years. Nicely done Patricia!

Sep 13, 2026 05:59 AM
Joan Cox, Retired Broker/Owner
Denver, CO
Enjoying Every Day to Its Fullest!

Patricia, you have all the movers and shakers who shaped our real estate world!   Sad to hear Gail Liniger just passed.

Sep 13, 2026 06:01 AM
Patricia Feager

Joan Cox, Retired Broker/Owner - I'm glad you appreciated this one. 

For 30 years, Gail Liniger from RE/MAX was a trusted and very successful business owner. She will be missed and remembered. But it will be hard to fill her shoes that always carried integrity. 

Sep 13, 2026 06:04 AM
Patricia Feager
Appraisal Review Board, Denton County, TX - Flower Mound, TX
Licensed to April 2027

Nina Hollander, Broker - Thanks for adding Clark Halstead, "who founded Sotheby's." I wasn't aware of the "store front" concept in NYC. No sense being a secret agent when you can be open about what you do to help others fulfill their dreams without being afraid to ask.

I pause to wonder, if digital on-line marketing/sales is better or worse? 

 

Sep 13, 2026 06:01 AM
Nina Hollander, Broker

Patricia Feager hi Patricia... I don't think it's a better or worse issue... it just is what is now and we have to understand how to make it work for us and our clients.

Sep 13, 2026 06:32 AM
Patricia Feager

Nina Hollander, Broker - In my opinion, the ones who have been in the business a long time and have proof of success learned by standing on the shoulders of the ones who came before them. 

For example, 2008 was my first experience with the housing crises, failures, short sales, foreclosures, etc. During those worst years, my broker offered no help - she was busy recruiting new agents. I found that the agents in my office who were in the business much longer and had more experience, were most helpful. I credit them, for my success and the confidence they instilled in me, to keep learning - ask more questions - attend Short Sale Training and know who you can trust and those you couldn't. 

Sep 13, 2026 07:19 AM
Nina Hollander, Broker

Patricia Feager I've really never looked to managing brokers for help. Their jobs really are to recruit new people. 

Sep 13, 2026 08:12 AM
Patricia Feager
Appraisal Review Board, Denton County, TX - Flower Mound, TX
Licensed to April 2027

Lawrence & Sheila Agranoff 

Thank you for your comment! It means a lot to me to look back and see how we fit into the big picture of the many visionaries in the Real Estate Industry. I'm glad I served and grew in a much bigger and taller way to top of my career without depending on management, supervisors, or directors giving direction. 

Keep soaring - Sheila and Larry! You're doing GREAT!

Sep 13, 2026 06:08 AM
Gwen Fowler SC Lakes & Mountains 864-710-4518
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

Patricia, this is an interesting look at the people and developments that helped shape American real estate. I especially enjoyed reading about the women who broke barriers, built successful companies, and created opportunities for others. Our industry has changed tremendously, but integrity, education, and service remain at its foundation.  PS I followed Ebby for the last years of her career.  I hope I have that much stamina for my last days.

Sep 13, 2026 06:16 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Hmm, I don't look to any of those people for inspiration in real estate, but they obviously did big things.

Sep 13, 2026 06:19 AM
Kat Palmiotti
Kalispell, MT
Retired from real estate; active in life!

Good morning! Wow, I did not know most of this - thank you for the interesting historical perspective of the real estate business!

 

Sep 13, 2026 06:33 AM
Patricia Feager
Appraisal Review Board, Denton County, TX - Flower Mound, TX
Licensed to April 2027

Gwen Fowler SC Lakes & Mountains 864-710-4518 - Ebby was a phenomenal woman! She belonged to MetroTex Association of REALTORS the same as me in Texas. I saw her many times at our TX REALTOR Conventions. Although old, she was very sharp, a clear thinker, and an extraordinary way to conduct business. She knew how to train agents and help them become successful. 

You're right - the real estate industry has changed over time. When new agents quit, most never gave training and education much thought. I called them the whiners and people who complain a lot and don't listen, never really do get far - do they?

These pioneers had a lot of stamina, courage, and determination to excel by helping others to do the same. I'm impressed that you followed Ebby until the end. 

Sep 13, 2026 07:02 AM
Patricia Feager
Appraisal Review Board, Denton County, TX - Flower Mound, TX
Licensed to April 2027

Kat Palmiotti - I did a lot of research when I was working on my bachelor's and master's Degree. It was a lot different than the amount of work I had to do in High School. At the HS where I attended, my curriculum included Library research. The nuns were really strict about doing proper research and knowing how to use card catalogs. Research is in my blood!

I already knew much of the Real Estate Legacy, but I still went back to research and learn more. 

 

Sep 13, 2026 07:10 AM
Patricia Feager
Appraisal Review Board, Denton County, TX - Flower Mound, TX
Licensed to April 2027

Brian England - I know you are inspired by the Catholic Church. I remember you writing a blog post about a priest you admired so much. Have you ever thought about becoming a priest?

Sep 13, 2026 07:11 AM
Brian England

Maybe a very little bit when I was a kid Patricia Feager but never in my adult life.  I know that I am not worthy at all of being a good priest.

Sep 13, 2026 07:22 AM
Patricia Feager

Brian England - you have to stay honest and do what's best for you to make you happy. 

Sep 13, 2026 07:35 AM
Patricia Feager

Brian England - I knew a local priest who was probably in his late 50's. Before he retired (many years later), during one of the last times he was there, before officially retiring, he said something very surprising.

It went something like this: I was married for a long time before becoming a priest later in life. The life of being a priest was more fulfilling - now it's time for me to retire." 

Sep 13, 2026 07:44 AM
Brian England

I am always honest with myself Patricia Feager and I always try to do what makes me happiest.  Going to daily Mass is something that truly makes me happy!!!

Sep 13, 2026 07:57 AM
Dorie Dillard Austin TX
Coldwell Banker Apex Realtors, LLC ~ 512.750.6899 - Austin, TX
Educating. Encouraging. Serving.

Good morning Patricia,

What a great flash back to the pioneers of real estate. The real estate industry has changed over time and sometimes its good to see all the noteworthy people and companies who paved the way! I know so many agents who were once with Ebby Halliday! She was an icon and always stood heads and shoulders above others with her ethics, transparency and commitment to the industry.

Sep 13, 2026 07:32 AM
Patricia Feager
Appraisal Review Board, Denton County, TX - Flower Mound, TX
Licensed to April 2027

Dorie Dillard Austin TX - Oh, I do have good memories about Ebby Halliday. She was everything you said and more! 

Reflecting on the industry, and how you changed along with the many real estate changes is worth your time. That's exactly what I had to do before going inactive and keeping my license. 

Now that I'm on the Hearing Panel for tax protesters, I've gained more knowledge about the Real Estate industry. If I do go back to selling, I will be more prepared, ready, and able to serve from a different perspective. 

Sep 13, 2026 07:40 AM
Carol Williams
Although I'm retired, I enjoy sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Author, Golfer, Traveler, Retired, Wenatchee, WA

Hi Patricia,
What a fascinating walk through real estate history! It reminds us that the profession we know today was not shaped by one person or one breakthrough, but by generations of trailblazers who challenged barriers, expanded opportunity, and introduced new ways of doing business. As someone who spent 30 years in real estate, I have witnessed tremendous change myself. I can only imagine what these pioneers would think of how far the industry has come and how much it continues to evolve. President Roosevelt did a great thing by creating the FHA. 

Sep 13, 2026 08:05 AM
Carol Williams
Although I'm retired, I enjoy sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Author, Golfer, Traveler, Retired, Wenatchee, WA

Congratulations! Your post has been featured in the BananaTUDE group. 

Sep 13, 2026 08:08 AM
Patricia Feager
Appraisal Review Board, Denton County, TX - Flower Mound, TX
Licensed to April 2027

Carol Williams - Thank you for your outstanding comment and feature in BananaTUDE. I'm very glad you discovered the wisdom through the legends who broke barriers and challenged the real estate industry. They were all truly visionaries! It's very important to recognize and remember our past. Collectively, agents and brokers are all on their own journey to demonstrate innovative ideas that leads to homeownership throughout America and expands the globe. There have been many companies to choose from - they all have inseparable bonds that lead to major accomplishments. 

Sep 13, 2026 10:40 AM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Patricia I did not know most of this history.  Thank you for sharing it.

Sep 13, 2026 12:04 PM
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

Hello Patricia Feager  You are a wealth of information! I had never heard of  most of these folks. I cannot imagine being the first woman to sell real estate and it was in 1903! That is something else.I wonder if she drove a car or rode a horse. I  love your facrts you share with us about the past. It is so interesting!! thank you!

Sep 16, 2026 12:30 AM