Realogy is celebrating Pride Month with a series of initiatives involving corporate and local offices throughout the United States. These activities include marches, rallies and sponsorship of, and participation in, the first-ever WorldPride March in New York, showing Realogy's continued support for its LGBTQ+ employees, franchisees, agents, and diverse communities across the country.
"At Realogy and all of our brands, we are proud to support our LGBTQ+ employees, brokers and agents as we actively foster a culture of inclusiveness every day," said Ryan Schneider, Realogy's chief executive officer and president. "Diversity and equality are core to the success of our business, as well as to the success of our franchisees and agents. It is critically important that we lead by example and show LGBTQ+ employees, agents, and customers that we welcome, respect and value them — that our house is truly open."
According to a recent study from Iowa State University, LGBTQ+ borrowers are more likely to be denied mortgage loans, and those that get approved pay higher interest rates and fees. Despite being "less risky overall," same-sex borrowers are 73% more likely to be denied a mortgage loan than male-female couples, according to the report, which analyzed 30 million mortgages originated from 1990 to 2015.
Realogy says that a more diverse agent and employee base can help combat discrimination in the housing market noting that its strong record of leadership in supporting the LGBTQ+ community includes:
First residential real estate company to endorse the Equality Act
Fully supported H.R. 1447 amending the Fair Housing Act to include LGBTQ+ as protected classes
Offering transgender health benefits to employees and their partners
Founding member of NAGLREP, the National Association of Gay & Lesbian Real Estate Professionals, since 2006 and the only residential real estate NAGLREP partner at Gold Level
Near-unanimous employee feedback that "people are treated fairly regardless of sexual orientation," in a recent survey conducted when Realogy was named a Great Place to Work for the second consecutive year
Emphasizing greater inclusion and evolution, the Realogy Pride Month logo was updated this year to include the colors of brown and black for the fight against racism and light blue and pink to represent transgender people. Throughout the month, a social campaign using the hashtag #REALPride will highlight stories from across the Realogy-affiliated agent network, giving faces and voices to the company's inclusive culture.
The company will be well represented at the WorldPride March in New York City on June 30, with 400 employees participating. Many are members or allies of RealPride, Realogy's flourishing LGBTQ+ Employee Resource Group (ERG).
"The LGBTQ community and its allies have a home at Realogy," said John Thorpe, Regional Vice President at Better Homes and Gardens Real Estate and leader of the RealPride ERG. "I was thrilled when I was asked to chair the RealPride ERG. I knew that as an employee of Realogy for 15 years that I had a desire and responsibility to embark on a very forward presence for the LGBTQ+ community at Realogy and beyond. Ryan Schneider and John Peyton, president and CEO of the Realogy Franchise Group, have been not only supportive of our key initiatives, but highly engaged in seeing that they come to fruition."
Realogy, a pioneering member of NAGLREP, announced its support for H.R. 1447 at the organization's 2018 national convention, where Realogy Senior Vice President of Human Resources Tanya Reu-Narvaez received NAGLREP's highest honor, the Pinnacle Award, in recognition of her advocacy for the LGBT community and devotion to NAGLREP.
"Realogy has been a terrific partner to NAGLREP from the very beginning, and the company has truly distinguished itself through the numerous ways it supports and serves LGBTQ+ real estate professionals and the broader community," said Jeff Berger, founder, president and CEO of NAGLREP. "The company has been an important ally in promoting and protecting equality and fairness for the LGBTQ+ real estate market."