Continuing the bigger-is-better trend in residential real estate brokerage, Illustrated Properties Real Estate said Thursday that it bought JT Brokers Group of Jupiter.
JT Brokers Group, which has 12 agents, will operate under the Illustrated Properties name. Brokers say small companies are being squeezed by an increasing need to invest in technology and demands from agents to keep a bigger share of their commissions.
Illustrated Properties itself is part of Miami-based Keyes. The two companies merged last summer, although they operate under separate names. They have 1,100 agents in Palm Beach County.
In a statement, Pamela Coffey, the longtime co-owner of JT Brokers Group, cited Illustrated Properties’ “wonderful marketing and unbelievable technology.”