In a bold move that underscores its commitment to growth and innovation, Books-A-Million, the nation’s second-largest bookstore chain, has announced significant promotions within its real estate division. Rick Franz has been elevated to the position of Executive Vice President of Real Estate, while Jack Fleming steps into the role of Vice President of Real Estate. This strategic restructuring also welcomes Pete Turner as the new real estate manager, a move poised to bolster the company’s expansion efforts.
Rick Franz, who joined Books-A-Million in 2024 as a consultant, has been lauded for his strategic insight and leadership within the real estate department. With a robust background that includes previous roles as VP of real estate at Ulta Beauty, Wild Oats Markets, and Dick’s Sporting Goods, Franz is well-equipped to lead store positioning and growth in his new capacity.
Jack Fleming, previously the real estate manager at Books-A-Million’s Preferred Growth Properties subsidiary, will now focus on managing existing assets and identifying opportunities for new store openings. His prior experience in the financial services department at First Citizens Bank adds a layer of financial acumen to his role.
The addition of Pete Turner, a recent hire from April 2025, further strengthens the team. Turner, an Auburn University graduate, brings experience as a commercial underwriter at Regions Bank. His role as real estate manager will involve overseeing new projects and contributing to the company’s strategic goals.
These appointments follow the recent appointment of Brandon Waters as Chief Information Officer in February 2025, highlighting Books-A-Million’s dedication to enhancing its leadership team. In a statement, the company expressed confidence in the new leadership, stating, “As Books-A-Million continues to expand and innovate, we are confident that their leadership will play a pivotal role in our continued success.”
Books-A-Million operates over 200 stores across 32 states, alongside its e-commerce platform, Booksamillion.com. The chain’s latest moves are part of a broader strategy to solidify its position in the competitive retail landscape.
Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!
Four of the largest Multiple Listing Services (MLSs) in the Southeast have recently formed an alliance, establishing a data sharing network aimed at increasing referral business among real estate agents. The Charleston Regional MLS in South Carolina, Canopy MLS in North Carolina, Georgia MLS, and Realtracs, the largest MLS in Alabama, Kentucky, and Tennessee, have come together to create the Southeast MLS Alliance. This strategic partnership will enable members of these four MLSs to access over 85,000 listings across Alabama, Georgia, Kentucky, North Carolina, Tennessee, and South Carolina, providing real estate agents with valuable data and expanding their referral opportunities throughout the Southeast.
The current state of the mortgage market has presented prospective homebuyers with a significant challenge – surging mortgage rates. These rates have reached a 20-year high, hovering around 7.7%, making it increasingly difficult for borrowers to secure affordable loans. As a result, borrowers are actively seeking support from their family members to overcome this hurdle. To combat the impact of surging mortgage rates, borrowers are turning to their parents for financial assistance. This can take the form of gifted funds or by having parents become non-occupant co-borrowers. By involving family members in the mortgage process, borrowers can increase their chances of securing loans and achieving their homeownership goals.
In a surprising turn of events, Inga Dow, a prominent Keller Williams franchisee and CEO of multiple Texas-based Keller Williams offices, has withdrawn her sexual misconduct lawsuit against the real estate giant. While Dow's claims against Keller Williams and its co-founder, Gary Keller, have been dropped, the lawsuit against former CEO John Davis remains ongoing. The outcome of this legal battle is still uncertain, and further details may emerge as the case progresses. Stay informed with Cameron Academy's online courses tailored to your needs and goals in the real estate industry.
The recent approval of Remote Online Notarization (RON) legislation in California is a significant development that Cameron Academy is thrilled to discuss. This progressive bill, signed into law by Governor Gavin Newsom, enables individuals to notarize their documents remotely using advanced audiovisual technology. The introduction of RON legislation in California brings about numerous advantages that revolutionize the notarization process. By embracing digital advancements, California is empowering individuals and businesses with enhanced convenience and accessibility, significant time and cost savings, improved security, and streamlined workflow.
"Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. That means a number of businesses, seeking to grow their revenue, will likely look to expand their reach to the default and REO space. However, venturing into this industry without proper knowledge and preparation can lead to serious consequences. By understanding the lessons learned from the past foreclosure wave and staying current with the changing environment, businesses can navigate the challenges and seize the opportunities presented by the default and REO market."
In the ongoing legal battle involving the National Association of Realtors (NAR), Keller Williams, and HomeServices of America, a recent development has emerged. The plaintiffs in the lawsuit, known as the Sitzer/Burnett plaintiffs, have filed a notice to withdraw three named plaintiffs. This move is seen by the defendants as an attempt to avoid cross-examination. The lawsuit, initially filed in April 2019, challenges NAR's Participation Rule, which requires listing agents to offer compensation to buyers' agents in order to list a property on a Realtor-affiliated multiple listing service (MLS). The plaintiffs argue that this commission sharing inflates costs for consumers, in violation of the Sherman Antitrust Act. With the trial scheduled to start on October 16, the potential damages in this suit are estimated to be up to $4 billion.
