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Updated over 14 years ago on . Most recent reply

Joel Owens's profile image
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Joel Owens

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Joel Owens
Joel Owens
  • Real Estate Broker
  • Canton, GA
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Real Estate Agent

RE/MAX Greater Atlanta files bankruptcy!

Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorPosted

Just came out that RE/MAX Greater Atlanta has filed for bankruptcy protection.

There are stories of the more than 300 agents not getting their commission checks.(checks are already bouncing).The brokerage says earnest money and escrow deposits are safe but who knows.

If you are a buyer or seller with a broker/agent from their firm I would seriously consider not holding any money with them.

http://www.wsbtv.com/news/27524829/detail.html

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Bryan Hancock
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  • from Round Rock, Texas
  • Member since May 28, 2010

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Bryan Hancock
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Bryan Hancock#4 Off Topic Contributor
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Bryan Hancock#4 Off Topic Contributor
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  • Round Rock, TX
Replied

Wow! Sign of the times?

Do you know if corporate will cover any of the deficiency? It seems like this would be a huge stain on the brand otherwise.

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