Real Estate 2023: PATRICK BAIN

Promoted to president and CEO in March, Bain first joined The Long & Foster Cos. in 2010 as president of its insurance and home warranty businesses. In 2018, he took on oversight of Long & Foster Property Management and Long & Foster Rental Service Center. He rebranded the property management business to HomeServices Property Management last year, and in 2021, Bain started Insight Home Inspections, which launched in early 2022.

Bain earned his bachelor’s degree in economics from Allegheny College. Prior to joining Long & Foster, Bain served as vice president and general manager for Pittsburgh-based Howard Hanna Insurance Services. He founded internet insurance startup InsRateDirect.com in 1998 and was managing partner at the McDonnell Bain Group. He negotiated both companies’ sales to larger insurance companies in 2002.

Berkshire Hathaway affiliate HomeServices of America acquired Long & Foster in 2017. Founded in 1968, Long & Foster has more than 200 offices and more than 9,000 real estate agents. Its family of real estate companies includes Long & Foster Real Estate, Prosperity Home Mortgage, Long & Foster Insurance and Urban Pace. In July, the company moved its headquarters within Chantilly, citing the new building’s “open and collaborative workspaces.”