{"id":2445,"date":"2021-08-18T19:24:47","date_gmt":"2021-08-18T19:24:47","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2021\/08\/18\/is-166-year-old-baird-warner-ahead-of-its-time\/"},"modified":"2025-03-13T02:38:55","modified_gmt":"2025-03-13T02:38:55","slug":"is-166-year-old-baird-warner-ahead-of-its-time","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2021\/08\/18\/is-166-year-old-baird-warner-ahead-of-its-time\/","title":{"rendered":"Is 166-year-old Baird &#038; Warner ahead of its time?"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/HW-Baird-Warner.jpg\" alt=\"HW+ Baird &amp; Warner\" class=\"wp-image-317469\"\/><figcaption><meta charset=\"utf-8\"><meta charset=\"utf-8\">Baird &amp; Warner President and CEO Stephen Baird<\/figcaption><\/figure><\/div>\n\n\n\n<p><strong>Baird &amp; Warner<\/strong> lays claim to be the oldest U.S. brokerage still in operation, launching in 1855.<\/p>\n\n\n\n<p>In the 1960s, its then-executive John Baird tussled with the <strong>National Association of Realtors<\/strong> (NAR) over that group\u2019s enforcement of redlining as Baird wanted to sell homes to Black people in areas that lenders and agents marked as white only. The fight for Illinois legislation over the matter was part of what eventually lead to the 1967 federal Fair Housing Act. In 1991, John Baird\u2019s son, Stephen Baird, took over as president and later CEO of the brokerage.<\/p>\n\n\n\n<p>The business\u2019s legacy was venerated at various point such as in 2005 when then Chicago Mayor Richard M. Daley declared March 28 \u201cBaird &amp; Warner Day,\u201d and a route alongside LaSalle Street was named \u201cBaird &amp; Warner Drive.\u201d<\/p>\n\n\n\n<p>But far from a relic of a bygone era, Baird &amp; Warner is <em>still going<\/em> absent any mergers, acquisitions, or change in their Chicago focus. The company is the 26<sup>th<\/sup> largest brokerage in the country by sales volume, according to RealTrends 2020 figures, with $6.4 billion.<\/p>\n\n\n\n<p><meta charset=\"utf-8\">Also, Stephen Baird still runs Baird &amp; Warner. Baird was generous with his time, showing HousingWire various artifacts from the company\u2019s history \u2014 such as late 19<sup>th<\/sup> century property deeds, and 1950s Chicago Sun-Times articles \u2014 during a recent, atrociously hot Chicago afternoon. And he sat down for a lengthy on-the-record interview in the company\u2019s 20<sup>th<\/sup> floor downtown headquarters.\u00a0<\/p>\n\n\n\n<p>Some highlights:&nbsp;<\/p>\n\n\n\n<p><strong>HousingWire<\/strong>: What does Baird &amp; Warner do today?<\/p>\n\n\n\n<p><strong>Stephen Baird<\/strong>: We were in the commercial real estate business for a long time, but our current iteration is three major businesses, the brokerage business \u2013 which is what people know us for, but we also have a very substantial residential mortgage company, (<em>called <strong>Key Mortgage<\/strong><\/em>) and a title company. People know us from the brokerage business. But we also have mortgage originators and title closers.<\/p>\n\n\n\n<p>We\u2019ve always believed in controlling our own destiny. We generally don\u2019t like partnerships, because it just limits our ability to build our businesses out and do things the way we want to do them. So, we are pursuing a little bit of a different strategy than other people are. Everybody now is talking about all these other services. And they\u2019re generally adding them by partnerships, right? But it\u2019s something we\u2019ve been doing for 20 years.<\/p>\n\n\n\n<p>I\u2019ve been surprised by how slowly it has evolved, and how slowly some of the major institutions have reacted to the marketplace. NAR, for example, has no affiliation that has mortgage or title in it&#8230; (Article continued on\u00a0<a href=\"https:\/\/www.housingwire.com\/articles\/is-166-year-old-baird-warner-ahead-of-its-time\/#\" target=\"_blank\" rel=\"noreferrer noopener\">HousingWire.com<\/a>.)<\/p>\n\n\n\n<p><em>This article was originally published by HousingWire. The\u00a0<a href=\"https:\/\/www.housingwire.com\/articles\/is-166-year-old-baird-warner-ahead-of-its-time\/#\" target=\"_blank\" rel=\"noreferrer noopener\">full article is available on HousingWire.com<\/a>\u00a0for HW+ Members.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Baird &#038; Warner lays claim to be the oldest U.S. brokerage still in operation, launching in 1855. How does it remain competitive today? HW+ Premium Content<\/p>\n","protected":false},"author":16592,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[736],"class_list":["post-2445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is 166-year-old Baird &#038; Warner ahead of its time? - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"Baird &amp; Warner lays claim to be the oldest U.S. brokerage still in operation, launching in 1855. 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