Hard to believe, but the broadcast media completely blew the story on Gilbert-based RE/MAX 2000 shutting its doors.
Perhaps it’s because it sounds much better to say that almost 400 people are out of work when it’s really only the two dozen salaried employees, or maybe they don’t have the slightest idea how real estate actually operates.
Even Fox News picked this one up, or so say my parents.
Save your holiday sympathy for those who were collecting regular checks as full-time employees as they’re the ones looking for new employment with the closing. Don’t spend much time worrying about the agents – as Jay Thompson pointed out, they’ll be at new brokerages in about 15 minutes when offices open tomorrow.
The Republic’s follow-up story indicated the owners may try to re-open under a new (read: smaller) structure, though I have to say that makes little sense. If you’re going to close offices, close offices. Make the cuts but don’t hammer your own brand by saying your going out of business.
(That same advice can go to several real estate bloggers who proclaimed on their blogs that they’re switching careers. In this case, go quietly into that good night so that you might live again in the future. My two cents.)
Century 21 Metro Alliance combined multiple offices over the past several months; several escrow companies have done the same in an effort to reduce costs yet keep operating.
We received a note from our broker this morning … not going into the details, but we’re going to be around for a while even if the market doesn’t turn. It was a good note to see.
Absorption rate will post tomorrow, probably about the time I’m getting into my car to head to San Diego (again) for ASU’s victory over Texas in the Holiday Bowl.
If you’re reading this today, congratulations on escaping the in-laws for a little while and have yourself a Merry Christmas.[tags]Phoenix real estate, real estate brokerage[/tags]