With over 40 years in the real estate business, Dick Schlott is a well known and highly regarded professional in the industry. He founded Schlott Realtors in 1971, and grew it to 140 offices and 4,500 salespeople across 5 States, with over $7 Billion in sales. Schlott also developed the Home Mortgage Network, before selling Schlott Realtors to Coldwell Banker in the early 1990s.
Schlott then ran the ERA Franchise system, until its sale to Cendant in the mid 1990s. He then moved on to develop GMAC Home Services, and served as President and CEO from the late 1990s through early 2001. During this time, one of the purchases he made for the company was that of Gloria Nilson Realtors.
After leaving GMAC, Schlott purchased The Bernards Inn in Bernardsville, NJ.
However, Schlott’s dedication to the real estate business could not keep him away for long, and he is once again involved with a company he helped grow, in an industry he knows so well.