RE/MAX Greater Atlanta files bankruptcy!

[Joel Owens]

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

[Bryan Hancock]

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.