Avanti Way Group co-founder Enrique Teran was selected as the new residential president of MIAMI Association of Realtors.

Teran was installed during a MIAMI celebration event at the Seminole Hard Rock Hotel & Casino in Hollywood Jan. 28, according to a news release.

Teran is principal and co-founder of Avanti Way Group, a brokerage services and investment and property management firm. Teran’s Avanti Way Realty has more than 1,300 agents and $4.5 billion in sales since its inception.

“I am very honored and humbled to be elected 2022 MIAMI residential board president,” Teran said in the news release. “I look forward to working side by side with our incredible governors and the MIAMI Association staff. My fellow Realtor members, I assure you I will be working hard to always upgrade our incredible Miami real estate marketplace. Let’s make 2022 our best year yet!”

MIAMI Association of Realtors represents 53,000 real estate professionals. It was chartered in 1920 and is the largest local Realtor association in the United States.