By 2003, the purchase and consolidation of small mom and pop brokerages in the Hamptons by outside corporate firms had steadily been gaining momentum. The corporate model created a vacuum that was filled with discontented agents who longed for the esprit de corps that had existed in the smaller, locally owned firms. Saunders saw an opportunity to develop a broker-centric firm that married the spirit of the mom and pop firms with state of the art technology. He envisioned a firm that treats its agents like customers, mobilizing significant resources behind them in an effort to help them grow their business. Saunders purchased the company's first office building in Bridgehampton in January 2008, started renovating, and opened Saunders & Associates in October, a few weeks after Lehman Brothers collapsed and the stock market crashed.
While the early days were challenging, Saunders believed that his model was viable and would gain traction when the macroeconomic conditions firmed. That is indeed what occurred, and Saunders & Associates has become the most effective brokerage organization in the Hamptons. It is now the third largest firm behind corporate giants Douglas Elliman and The Corcoran Group. The company continues to galvanize the industry, gobble up market share and ranks as one of the leading brokerage firms in the U.S. in terms of average sales per agent. It's obvious where the firm is headed.