The Arizona Republic ran a story yesterday about Gilbert based RE/MAX 2000 closing its 13 offices across the Valley. (Thanks to Cash at REIPipeline.com for the tipoff. He’s got a great new Phoenix based real estate investing blog BTW.)
According to the Republic, these closings affect 350 agents and 15 – 20 salaried employees. The agents can hang their license in all of 15 minutes at another brokerage — many real estate brokerages will let any warm body hang a license with them, no experience or ability required. (note, I am NOT saying these 350 agents have no ability. I’m sure many are outstanding. Fact is though, anyone with a license can find a broker willing to take them at a moment’s notice.)
Unfortunately for the 20ish salaried employees, it’s not going to be that easy. Merry Christmas. I wish them all the best of luck.
Jonathan Dalton reports these RE/MAX 2000 offices had about 1700 residential sales in 2007.
Officials are saying, “any sales or purchases already under way through RE/MAX 2000 will not be affected, and agents’ listings will follow them”.
The bubbleheads and agent haters are having a field day in the comments of the Republic article. ‘Tis the Season.
[tags]Phoenix real estate, RE/MAX, another brokerage bites the dust[/tags]