Atlanta broker, GMAC Real Estate split
Metro Brokers sued for alleged unpaid fees
By Matt Carter, Monday, October 26, 2009.
GMAC Real Estate LLC and one of its largest franchisees, Metro Brokers Inc., are parting ways, with GMAC claiming in a lawsuit that it's owed nearly $350,000 in unpaid fees and other losses on a 10-year franchise agreement that wasn't due to expire until 2014.
Atlanta-based Metro Brokers, which boasts 2,100 agents at 26 offices, maintains that the company terminated its franchise agreement on Oct. 1 because of doubts about the direction in which GMAC Real Estate's parent company, Brookfield Residential Property Services, is taking the franchise.
more...
Premium Member account.
Premium Members have full access to all news archives.
Buy Now Purchase 1-year Premium Membership - $149.95
OR
Buy Now Purchase Monthly Premium Membership - $19.95
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
Bookmarking Sites
