There generally are a lot of loose ends when a real estate brokerage closes its doors. All agents work under the auspices of the broker and cannot conduct any real estate business except on behalf of a broker.
Some agents from RE/MAX 2000 were receiving e-mails indicating that they may be performing unlicensed real estate activity in the interlude while they found a new brokerage with which to hang their license.
But the attorney for RE/MAX 2000, Dax Watson on Monday told the Arizona Real Estate Educators Association that there can be no unlicensed activity because RE/MAX 2000 hasn’t really closed its doors:
Re/Max 2000 is still open and current plans are to keep at least five offices open. Likewise, we contacted the ADRE before any notice was sent out to agents about this matter – I personally assisted in that process and that contact was made on December 21, 2007.
Further, contrary to mis-reports in the media, we invited the ADRE to conduct an audit, we did so on December 26, 2007, because we wanted the ADRE to be comfortable that all funds have been handled properly and that we could use the ADRE as a resource to help us navigate through this difficult time. Again, I personally assisted in that process.
The misinformation that has been circulated with this matter has been nothing less than staggering. Yes, there are problems. But, Re/Max 2000 and Re/Max International have been working non-stop to try and overcome these problems and has kept the ADRE in the loop every step of the way.
It wasn’t just the media reporting the closure. Many agents read communications from the company to mean that the brokerage was shutting its doors.
Watson was indirectly quoted in the first news report in saying agents listings would follow them to their new company, which also is an indication of a full closure – rarely do brokers allow agents to take their listings with them when they move.
In any event, the plan is to keep a scaled-back version of RE/MAX 2000 operating in 2008. We’ll see how it goes.[tags]RE/MAX 2000, Phoenix real estate, real estate brokerage[/tags]