Real estate brokers follow succession plan during booming market

Communication among family members is paramount in any transition, says Charlotte Hedge.


Mark Wemple. Monica Barth, Tom Hedge Sr., Charlotte Hedge, Robyn Sadlo and Tom Hedge Jr. with the The Hedge Team are having a busy 2021.
Mark Wemple. Monica Barth, Tom Hedge Sr., Charlotte Hedge, Robyn Sadlo and Tom Hedge Jr. with the The Hedge Team are having a busy 2021.
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Company: The Hedge Team did more than $20 million in total sales volume in 2020, Charlotte Hedge says. In the booming market, the team is more than halfway to that mark through the end of the 2021 first quarter.  

Succession plan: Charlotte and Tom Hedge, both 74, have been in the real estate business in Sarasota since 1992, and son Tom Jr., 50, became a partner around 20 years ago. For the past several years, the Hedge parents have work toward giving more and more control of their business to their son.

 

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