Steven Farrell
Broker/Owner
Classic Properties
790 Northern Blvd.
Clarks Summit, PA 18411
Office: (570) 587-7000 ext. 223
Fax: (570) 586-3266
sefarrell@epix.net
Steven Farrell
Chairman & CEO, NEPARE Corporation, Owner/Broker, Classic Properties, Owner/Manager, 1st Penn Mortgage Group, LLC, Chairman & CEO, Braven Holdings, LLC, Co-Owner, Classic Settlement Solutions, LLC.
Memberships & Associations: University of Scranton President's Business Council, Keystone College President's Advisory Council, Penn's Northeast, The Scranton Plan, Greater Wilkes-Barre Chamber of Commerce, Greater Scranton Chamber of Commerce, Leadership Lackawanna, "Top 20 Under 40" NEPA Business Journal, Leading Real Estate Companies of the World "Young Guns", Greater Scranton Board of Realtors (MLS Committee), Greater Wilkes-Barre Board of Realtors, Pocono Mountain Association of Realtors, Pike/Wayne Board of Realtors, Bradford/Sullivan Board of Realtors.
Education: Canterbury School, New Milford, CT (1989) Fordham University, NY, NY (B.S. Business Administration, 1993)
Steve began his real estate career in 1989 at the age of 19 in Binghamton, NY, working as a sales agent during summers at his father's Better Homes & Gardens franchise. Upon graduating from Fordham University in 1993, Steve became a full-time realtor in the agency and won Medallion Club awards from 1995-2001, building his sales through corporate business and personal referrals.
In 2001, the owner of Diane Bell Realty, Better Homes & Gardens in Clarks Summit, PA. approached Steve to see if he had any interest in buying her company. In September 2001, Steve acquired the 1 office, 12-agent company and entered the northeast Pennsylvania real estate market. Why did he decide to leave a turnkey, family owned business in his hometown to enter a marketplace where he was completely unknown? "I looked at the region as a whole, not as Scranton vs. Wilkes-Barre vs. the Pocono's. I also recognized the large number of real estate companies throughout the region that presented opportunities for acquisitions. Most top agents want to work for a large, well-recognized company that provides the necessary tools for them to succeed. Being a regional real estate company would enable us to attract these high quality agents."
In 2003, Steve acquired Classic Properties, a well known, Lackawanna County realtor that has maintained a reputation of class and high ethical standards since 1983. The Classic brand was well established and it was decided the combined entity would assume its name. A short time later the acquisition of Century 21 Action Center Realty was completed. Classic Properties now had 50 agents in 3 locations in Lackawanna County.
The next few years brought growth through recruiting experienced agents and training new agents. Recognizing that the "Family of Services" concept was successful in other markets, Steve created 1st Penn Mortgage Group, LLC and Classic Settlement Services (CSS). "Buyers want their agent to be the center of the transaction. Having everything under one roof allows us to provide this while making the buying experience a seamless, pleasant experience for our clients." "Our agents are able to receive immediate updates on the status of a mortgage or title search which they can instantly relay to their buyer," states Steve.1st Penn has grown to employ two loan officers and a processor while CSS now has 3 full-time employees and is in the process of hiring a fourth.
2007 brought rapid growth to Classic Properties. In March, Steve acquired the offices and agents of Valley Associates Realty, North Pocono?s #1 real estate company. Shortly thereafter, an opportunity in Luzerne County arose. The company opened up a brand new office in Kingston, which has since grown to include 20 agents. Finally in August, Steve acquired Rainbow Realty -Wyoming County's #1 company- and its offices in Dallas and Tunkhannock.
Classic Properties became NEPA's Regional Realtor. Covering 10 counties and 3,000 square miles, the company now has 115 agents in 6 offices with sales exceeding $110,000,000.00.